The global TCPS market is anticipated to grow at a CAGR of around 11.2% during the forecast period (2021-2027). The TCPS market is majorly driven by the increased demand for pharmaceuticals drugs due to the COVID-19 pandemic. TCPS plays an important role in the transportation of pharmaceutical drugs, as these drugs are more susceptible to heat, humidity, and other external environmental condition, and are required to be stored at a lower temperature during shipment. Both active and passive TCPS are used for the shipment of drugs. The demand for TCPS was highly increased during the pandemic for the distribution of COVID-19 vaccines across the globe. Various TCPS companies were shipping vaccines across the globe during the pandemic period, which has accelerated the market growth. For an instance, 138.3 million COVID-19 doses have been shipped through COVAX, a shipment company, to 136 countries. The market is also driven due to the increased number of partnership collaborations among pharmaceutical and TCPS procedures for the shipment of vaccines and other products globally during the pandemic. For instance, during the pandemic, Pfizer collaborated with Softbox Systems Ltd to develop reusable Ultra-Low Temperature (ULT) shippers to store the COVID-19 vaccine for a long time.

Free Sample Copy @ https://www.omrglobal.com/request-sample/temperature-controlled-packaging-solutions-market

The global TCPS market is segmented based on type, product, and end-user. Based on type, the TCPS market is bifurcated into active, and passive. The passive segment is expected to grow at a faster CAGR during the forecast period. The active TCPS is highly used for the transportation of products in bulk. In addition, they have active temperature control, maintains a specific temperature range with the minimum deviation that makes them perfect for the shipment of large volumes payload with substantial transit time. Besides, the temperature accuracy provided by the active system is highest compared to the passive system. All these factors drive the segment growth. Based on the product, the market is again bifurcated into, insulated containers, and insulated shippers. The insulated containers are projected to hold the largest revenue share in the market due to the increasing demand for perishable goods. Whereas, based on end-user, it is segregated into food & beverage, healthcare, and others.

A Full Report of Global Temperature Controlled Packaging Solutions (TCPS) Market is Available at:
https://www.omrglobal.com/industry-reports/temperature-controlled-packaging-solutions-market

Geographically, the global TCPS market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Asia-Pacific is projected to be the fastest-growing region in the market during the forecast period. The rapidly growing demand for frozen products and well-established infrastructure in large urban populations in China is the major factor driving the regional growth. The rapid growth in the middle class offers huge opportunities. Cities such as Beijing and Shanghai experienced an increase in the demand for utilization of cold chain warehouses and transportation systems.

Global Temperature Controlled Packaging Solutions (TCPS) Market – Segmentation
By Type
Active
Passive
By Product
Insulated Containers
Insulated Shippers
By End-User
Food & Beverage
Healthcare
Others

Global Temperature Controlled Packaging Solutions (TCPS) Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
ACH Foam Technologies, LLC
AmerisourceBergen Corp.
APEX Packaging Corp.
Cold Chain Technologies, Inc.
Cryopak Industries Inc.
Deutsche Post AG (DHL)
DGP Intelsius GMBH
DHL International GmbH
Envirotainer AB
GEBHARDT Logistic Solutions GmbH
Inmark Temperature Controlled Packaging
Pelican BioThermal LLC
Sofrigram SA Ltd.
Softbox Systems Ltd.
Sonoco Products Co.
Snyder Industries Inc.
Tempack and Cropak.
Testo SE & Co.
United Parcel Service, Inc.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/temperature-controlled-packaging-solutions-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected] 
Contact no: +91 780-304-0404