Surge in demand for a range of temperature-controlled packaging solutions across several industrial applications is primarily shaping up the environment for Cold chain packaging materials market. continue to influence demand for cold chain packaging materials. Fairfield Market Research in its recent upcoming study would provide a detailed assessment of how the growth of global cold chain packaging materials market would unfold over the next few years and what factors would have an impact on the market performance.
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Pharma Industry Generates Notable Demand for Cold Chain Packaging Solutions
Ascending need for more efficient transportation of temperature-sensitive drug formulations will drive demand for cold chain packaging materials in pharmaceuticals industry. Escalating demand for expanded polystyrene (EPS) owing to its perceived benefits in cold chain packaging is expected to create a favourable ground for market growth. Growing EPS adoption as a lightweight, cost-efficient material for application in sea food products, meat, and pharma industry will favour the growth of market, says the report. Several countries have stringent regulatory guidelines to achieve compliance with good distribution practices (GDP). This is expected to fuel the progress of cold chain packaging materials market.
Expansion of Food Delivery Service Industry Bodes Well for Cold Chain Packaging Materials Market
With F&B industry, and the food logistics sector collectively looking to shun wastage during transit over longer distances, there has been an increasing demand for efficient cold chain packaging solutions that play a crucial role in food delivery by securing food quality. Proliferating consumer demand for fresh, and diet-friendly products will further complement the growth of cold chain packaging materials market. Brisk consumption of frozen and processed poultry segments is likely to auger well for market growth according to the report.
North America Continues to Surge Ahead, Europe Follows
The developed western world has been an early adopter of cold chain packaging solutions over the recent past. North America will especially generate substantial demand for cold chain packaging in F&B, and pharmaceuticals industries. The market here will also benefit from the advent of cold chain technology, and the strengthening supply chains across the region. Primary report findings further reveal that the favourable government regulations, supportive trade policies, desirable end-use market scenario, and significant tax benefits and subsidies remain the strongest macro-economic factors boosting potential market participants in North America.
Europe, the second largest market for manufacturers of cold chain packaging materials, is expected to thrive on the back of changing temperature profiles across countries that drives the need for temperature-controlled packaging. Soaring inclination toward sustainable packaging across the key European nations is likely to hold an influence over the market performance here.
Key Players in Global Cold Chain Packaging Materials Market
The report would shed light on the competitive insights into some of the key players driving the global cold chain packaging materials market landscape. A few of the profiled companies include BioPak, Huntsman Corporation, Dow Chemical Company, Covestro AG, Plymouth Foam, Armstrong Brands Inc., and Cascades Inc.
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