Thermal Pallet Covers Market for Pharmaceutical Application Forecast to 2028

Report Code : TIPRE00028618 | Region : Global | Industry : Chemicals and Materials | Published Date : 25/Apr/2022
Thermal Pallet Covers Market for Pharmaceutical Application Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Aluminum Foil, Polymer, and Others)

The thermal pallet covers market for pharmaceutical application is expected to grow from US$ 1,240.62 million in 2021 to US$ 2,302.96 million by 2028; it is expected to grow at a CAGR of 9.2% from 2021 to 2028.

Thermal pallet covers are used for shipment of products that require controlled temperature. They help in keeping the pallet warm or cool during storage and shipping. The market is mainly driven by an increasing use of these covers for the shipment of medicines and drugs. Thermal pallet covers help prevent the buildup of high heat levels and ensure that no product damage occurs during transit. Additionally, the growing demand for different pharmaceutical products contributes to the strong growth of the pharmaceutical industry in various countries across the globe. This creates the need for temperature-controlled pharmaceutical transportation. Further, product innovations and developments are expected to create lucrative opportunities for the growth of the thermal pallet covers market for pharmaceutical application during the forecast period. An emerging trend of bio-based and recyclable thermal pallet covers is anticipated to fuel the growth of the market over the forecast period. However, the prices of raw materials fluctuate due to various factors such as product demand and supply. The volatility in the prices of raw materials hinders the market growth.

Based on type, the global thermal pallet covers market for pharmaceutical application is segmented into aluminum foil, polymer, and others. The aluminum foil segment held the largest share in the thermal pallet covers market for pharmaceutical application in 2020. Thermal pallet covers made of aluminium foil provide enhanced thermal insulation. Moreover, these covers are durable and washable and have fabric straps with hooks that can be easily tied on the cargo. Aluminum foil thermal pallet covers are usually preferred by the pharmaceutical product manufacturers to provide their shipments with better insulation and protection against heat, moisture, and extreme temperature fluctuations. The pharmaceutical industry has witnessed a massive growth in recent years, especially during the COVID-19 pandemic. With an increasing number of shipments of temperature-sensitive pharmaceutical products, the demand for aluminium foil thermal pallet covers is expected to grow during the forecast period.

In 2020, North America held the largest revenue share of the global thermal pallet covers market for pharmaceutical application. The thermal pallet covers market for pharmaceutical application in North America is sub segmented into the US, Canada, and Mexico. The pharmaceutical industry in the US is well-established. People spend high amount on healthcare and wellness products as a result of their increased health awareness. In the US, the strong growth of the pharmaceuticals industry is one of the major factors driving the growth of the market. Major factors driving the thermal pallet covers market for pharmaceutical application across North America are the rise in exports of pharmaceutical products from the region and a well-established pharmaceutical industry. The COVID-19 pandemic provided significant opportunities to the pharmaceutical industry across North America. The sales of generic and prescription medications increased significantly due to the rapid spread of novel coronavirus. This factor also opened lucrative opportunities for the thermal pallet covers market across the region.

ECOCOOL, ECEPLAST, Insulated Products Corporation, PROTEK CARGO, CSafe Global, PAC Worldwide Corporation, Thermal Packaging Solutions, Nordic Cold Chain Solutions, QProducts & Services, and CargoWise Solutions Ltd. are among the players operating in the global thermal pallet covers market for pharmaceutical application. Players in the thermal pallet covers market for pharmaceutical application focus on providing high quality products to fulfil the customer demand. With product innovation and customization strategies, market players are trying to capture a high market share.

The overall global thermal pallet covers market for pharmaceutical application size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the thermal pallet covers market for pharmaceutical application.

Global Thermal Pallet Covers Market for Pharmaceutical Application

List of 10 Companies

1. Thermal Packaging Solutions

2. Nordic Cold Chain Solutions

3. CargoWise Solutions Limited

4. QProducts & Services

5. Insulated Products Corporation

6. Protek Cargo

7. ECEPLAST

8. PAC Worldwide Corporation

9. ECOCOOL

10. CSafe Global

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Thermal Pallet Covers Market for Pharmaceutical Application, by Type

1.3.2 Thermal Pallet Covers Market for Pharmaceutical Application, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Thermal Pallet Covers Market for Pharmaceutical Application Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.3 Ecosystem Analysis

4.4 List of Potential Customers

4.5 Expert Opinion

5. Thermal Pallet Covers Market for Pharmaceutical Application – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Use of Thermal Pallet Covers for Shipment of Pharmaceutical Products

5.1.2 Growing Pharmaceutical Industry across the Globe

5.2 Market Restraints

5.2.1 Volatility in Raw Material Prices

5.3 Market Opportunities

5.3.1 Product Innovation

5.4 Future Trends

5.4.1 Emerging Trend of Bio-Based and Recyclable Thermal Pallet Covers

5.5 Impact Analysis

6. Thermal Pallet Covers for Pharmaceutical Application – Global Market Analysis

6.1 Thermal Pallet Covers Market for Pharmaceutical Application Overview

6.2 Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – Global Market Players

7. Thermal Pallet Covers Market for Pharmaceutical Application Analysis – By Type

7.1 Overview

7.2 Thermal Pallet Covers Market for Pharmaceutical Application, By Type (2020 and 2028)

7.3 Aluminium Foil

7.3.1 Overview

7.3.2 Aluminium Foil: Thermal Pallet Covers Market for Pharmaceutical Application – Revenue and Forecast to 2028 (US$ Mn)

7.4 Polymer

7.4.1 Overview

7.4.2 Polymer: Thermal Pallet Covers Market for Pharmaceutical Application – Revenue and Forecast to 2028 (US$ Mn)

7.5 Other

7.5.1 Overview

7.5.2 Others: Thermal Pallet Covers Market for Pharmaceutical Application – Revenue and Forecast to 2028 (US$ Mn)

8. Thermal Pallet Covers Market for Pharmaceutical Application – Geographic Analysis

8.1 Overview

8.2 North America: Thermal Pallet Covers Market for Pharmaceutical Application

8.2.1 North America: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.2.2 North America: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.2.3 North America: Thermal Pallet Covers Market for Pharmaceutical Application , by Key Country

8.2.3.1 US: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.2.3.1.1 US: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.2.3.2 Canada: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.2.3.2.1 Canada: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.2.3.3 Mexico: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.2.3.3.1 Mexico: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.3 Europe: Thermal Pallet Covers Market for Pharmaceutical Application

8.3.1 Europe: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.3.2 Europe: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.3.3 Europe: Thermal Pallet Covers Market for Pharmaceutical Application , by Key Country

8.3.3.1 Germany: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.3.3.1.1 Germany: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.3.3.2 France: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.3.3.2.1 France: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.3.3.3 Italy: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.3.3.3.1 Italy: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.3.3.4 United Kingdom: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.3.3.4.1 United Kingdom: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.3.3.5 Russia: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.3.3.5.1 Russia: : Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.3.3.6 Rest of Europe: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

8.3.3.6.1 Rest of Europe: Thermal Pallet Covers Market for Pharmaceutical Application , by Type

8.4 Asia-Pacific Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028

8.4.1 Asia-Pacific Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.4.2 Asia-Pacific Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.4.3 Asia-Pacific Thermal Pallet Covers Market for Pharmaceutical Application Breakdown, by Key Countries

8.4.3.1 Australia Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.4.3.1.1 Australia Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.4.3.2 China Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.4.3.2.1 China Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.4.3.3 India Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.4.3.3.1 India Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.4.3.4 Japan Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.4.3.4.1 Japan Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.4.3.5 South Korea Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.4.3.5.1 South Korea Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.4.3.6 Rest of Asia-Pacific Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.4.3.6.1 Rest of Asia-Pacific Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.5 Middle East & Africa Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028

8.5.1 Middle East & Africa Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.5.2 Middle East & Africa Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.5.3 Middle East & Africa Thermal Pallet Covers Market for Pharmaceutical Application Breakdown, by Key Countries

8.5.3.1 South Africa Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.5.3.1.1 South Africa Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.5.3.2 Saudi Arabia Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.5.3.2.1 Saudi Arabia Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.5.3.3 UAE Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.5.3.3.1 UAE Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.5.3.4 Rest of Middle East & Africa Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.5.3.4.1 Rest of Middle East & Africa Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.6 South & Central America Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028

8.6.1 South & Central America Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.6.3 South & Central America Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.6.4 South & Central America Thermal Pallet Covers Market for Pharmaceutical Application Breakdown, by Key Countries

8.6.4.1 Brazil Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.6.4.1.1 Brazil Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.6.4.2 Argentina Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.6.4.2.1 Argentina Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

8.6.4.3 Rest of South & Central America Thermal Pallet Covers Market for Pharmaceutical Application Revenue Forecasts to 2028 (US$ Million)

8.6.4.3.1 Rest of South & Central America Thermal Pallet Covers Market for Pharmaceutical Application Breakdown by Type

9. Impact of COVID-19 Pandemic on Global Thermal Pallet Covers Market for Pharmaceutical Application

9.1 Overview

9.2 Impact of COVID-19 on Thermal Pallet Covers Market for Pharmaceutical Application

9.3 North America: Impact Assessment of COVID-19 Pandemic

9.4 Europe: Impact Assessment of COVID-19 Pandemic

9.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic

9.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

9.7 South and Central America: Impact Assessment of COVID-19 Pandemic

10. Industry Landscape

10.1 Overview

10.2 Mergers & Acquisition

10.3 Expansion

10.4 Product Launch

11. Company Profiles

11.1 ECOCOOL

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Eceplast

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Insulated Products Corporation

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Protek Cargo

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 CSafe Global

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 PAC Worldwide Corporation

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Thermal Packaging Solutions

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Nordic Cold Chain Solutions

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 QProducts & Services

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 CargoWise Solutions Ltd

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1. Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 3. US Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 4. Canada Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 5. Mexico Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 6. Europe Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 7. Germany Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 8. France Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 9. Italy Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 10. United Kingdom Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 11. Russia : Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 12. Rest of Europe Thermal Pallet Covers Market for Pharmaceutical Application , by Type – Revenue and Forecast to 2028 (USD Million)

Table 13. Asia-Pacific Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 14. Australia Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 15. China Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 16. India Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 17. Japan Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 18. South Korea Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 19. Rest of Asia-Pacific Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 20. Middle East & Africa Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 21. South Africa Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 22. Saudi Arabia Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 23. UAE Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 24. Rest of Middle East & Africa Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 25. South & Central America Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 26. Brazil Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 27. Argentina Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 28. Rest of South & Central America Thermal Pallet Covers Market for Pharmaceutical Application Revenue and Forecasts to 2028 – by Type (US$ Million)

Table 29. Glossary of Terms, Global Thermal Pallet Covers Market for Pharmaceutical Application

Global Thermal Pallet Covers Market for Pharmaceutical Application

List of 10 Companies

1. Thermal Packaging Solutions

2. Nordic Cold Chain Solutions

3. CargoWise Solutions Limited

4. QProducts & Services

5. Insulated Products Corporation

6. Protek Cargo

7. ECEPLAST

8. PAC Worldwide Corporation

9. ECOCOOL

10. CSafe Global

Reason To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global thermal pallet covers market for pharmaceutical application, thereby allowing players to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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