North America Thermal Pallet Covers Market for Pharmaceutical Application Forecast to 2028

North America Thermal Pallet Covers Market for Pharmaceutical Application Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Aluminum Foil, Polymer, and Others)

Report Code : TIPRE00024968 | Region : North America | Industry : Chemicals and Materials | Published Date : 11/Jul/2022

The North America thermal pallet covers market for pharmaceutical application is expected to grow from US$ 435.66 million in 2021 to US$ 807.16 million by 2028; it is estimated to grow at a CAGR of 9.2% from 2021 to 2028.

The pharmaceutical industry is a significant industry that enhances the demand for thermal pallet covers in the regional market. Protecting all pharmaceutical shipments during transit is essential, no matter how long or short the transit distance is. Various issues can impact medications' viability and quality during shipment; one of the biggest risks is temperature changes. When dealing with the shipment of drugs and other pharmaceutical products, the temperature is one of the most critical parameters to be controlled. Drugs used in the pharmaceutical industry must be transported, handled, and stored to lower the risk of exposure to temperatures outside the labeled storage conditions. If the temperatures are outside the given stability data, it will harm the quality and use of the product. As a result, the demand for thermal pallet covers is increasing to ensure that temperatures stay at the appropriate level around drugs. Thermal pallet covers help prevent the buildup of high heat levels and ensure that no product damage occurs during transit. Thermal pallet covers make it easier for the pharmaceutical shipper to maintain temperature and keep the shipments safe, as damaged pharmaceutical shipments can cause huge losses. The consumption of pharmaceutical products continues to increase due to the need to treat aging-related and chronic diseases. The growing demand for different pharmaceutical products such as medicines, drugs, and vaccines due to the increasing population, the aging population, and the treatment of various diseases creates a need for temperature-controlled pharmaceutical transportation. The demand for thermal pallet covers has further increased the transport of the COVID-19 vaccines. Hence, the increasing use of thermal pallet covers for shipment of medicines, drugs, etc., is driving the market for pharmaceutical application across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America thermal pallet covers market for pharmaceutical application. The North America thermal pallet covers market for pharmaceutical application is expected to grow at a good CAGR during the forecast period.

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

North America Thermal Pallet Covers Market for Pharmaceutical Application Segmentation

The North America thermal pallet covers market for pharmaceutical application is segmented based on type and country. Based on type, the North America thermal pallet covers market for pharmaceutical application is segmented into aluminum foil, polymer, and others. The aluminum foil segment dominated the market in 2020, and the same segment is expected to be the fastest-growing segment during the forecast period. Based on country, the North America thermal pallet covers market for pharmaceutical application has been segmented into the US, Canada, and Mexico.

CSafe Global, Eceplast, Insulated Products Corporation, Nordic Cold Chain Solutions, PAC Worldwide Corporation, Protek Cargo, QProducts & Services, and Thermal Packaging Solutions are among the leading companies in the North America thermal pallet covers market for pharmaceutical application.

Aluminum Foil Segment to Dominate North America Thermal Pallet Covers Market for Pharmaceutical Application During 2021–2028

According to a new market research study on “North America Thermal Pallet Covers Market for Pharmaceutical Application to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type ” is expected to reach US$ 807.16 million by 2028 from US$ 435.66 million in 2021. The market is estimated to grow at a CAGR of 9.2% from 2021 to 2028. The report provides trends prevailing in the North America thermal pallet covers market for pharmaceutical application along with the drivers and restraints pertaining to the market growth. Increasing use of thermal pallet covers for shipment of pharmaceutical products and growing pharmaceutical industry are the major factor driving the growth of the North America thermal pallet covers market for pharmaceutical application . However, volatility in raw material prices hinders the growth of North America thermal pallet covers market for pharmaceutical application .

The North America thermal pallet covers market for pharmaceutical application is segmented by type and country. Based on type, the North America thermal pallet covers market for pharmaceutical application is segmented into aluminium foil, polymer, and others. The aluminium foil segment dominate the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the North America thermal pallet covers market for pharmaceutical application has been segmented into the US, Canada, and Mexico.

CSafe Global, Eceplast, Insulated Products Corporation, Nordic Cold Chain Solutions, PAC Worldwide Corporation, Protek Cargo, QProducts & Services, and Thermal Packaging Solutions are among the leading companies in the North America thermal pallet covers market for pharmaceutical application. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, CSafe Global announced about the acquisition of Softbox Systems. Together, both the companies will provide the most comprehensive suite of thermal shipping solutions.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

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

1.3.2 North America Thermal Pallet Covers Market for Pharmaceutical Application, by Country

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. North America 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 Expert Opinion

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

5.1 Market Drivers

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

5.1.2 Surging Pharmaceutical Industry

5.2 Market Restraints

5.2.1 Volatility in Raw Material Prices

5.3 Market Opportunities

5.3.1 Product Innovation across Different Countries

5.4 Future Trends

5.4.1 Rise of Bio-Based and Recyclable Thermal Pallet Covers

5.5 Impact Analysis

6. Thermal Pallet Covers Market for Pharmaceutical Application – North America Analysis

6.1 North America Thermal Pallet Covers Market for Pharmaceutical Application Overview

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

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

7.1 Overview

7.2 North America 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. North America Thermal Pallet Covers Market for Pharmaceutical Application – Country Analysis

8.1 Overview

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

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

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

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

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

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

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

9. Industry Landscape

9.1 Overview

9.2 Mergers & Acquisition

9.3 Expansion

10. Company Profiles

10.1 Eceplast

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Products and Services

10.1.4 Financial Overview

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 Insulated Products Corporation

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Products and Services

10.2.4 Financial Overview

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 Protek Cargo

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Products and Services

10.3.4 Financial Overview

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 CSafe Global

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Products and Services

10.4.4 Financial Overview

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 PAC Worldwide Corporation

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Products and Services

10.5.4 Financial Overview

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 Thermal Packaging Solutions

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Products and Services

10.6.4 Financial Overview

10.6.5 SWOT Analysis

10.6.6 Key Developments

10.7 Nordic Cold Chain Solutions

10.7.1 Key Facts

10.7.2 Business Description

10.7.3 Products and Services

10.7.4 Financial Overview

10.7.5 SWOT Analysis

10.7.6 Key Developments

10.8 QProducts & Services

10.8.1 Key Facts

10.8.2 Business Description

10.8.3 Products and Services

10.8.4 Financial Overview

10.8.5 SWOT Analysis

10.8.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

LIST OF TABLES.

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

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

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

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

Table 5.             Glossary of Terms

LIST OF FIGURES.

Figure 1.           North America Thermal Pallet Covers Market for Pharmaceutical Application Segmentation

Figure 2.           North America Thermal Pallet Covers Market for Pharmaceutical Application Segmentation – By Country

Figure 3.           North America Thermal Pallet Covers Market for Pharmaceutical Application Overview

Figure 4.           North America Thermal Pallet Covers Market for Pharmaceutical Application, By Type

Figure 5.           North America Thermal Pallet Covers Market for Pharmaceutical Application, by Country

Figure 6.           Ecosystem: North America Thermal Pallet Covers Market for Pharmaceutical Application

Figure 7.           Expert Opinion

Figure 8.           North America Thermal Pallet Covers Market for Pharmaceutical Application Impact Analysis of Drivers and Restraints

Figure 9.           North America Thermal Pallet Covers Market for Pharmaceutical Application – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        North America Thermal Pallet Covers Market for Pharmaceutical Application Revenue Share, By Type (2020 and 2028)

Figure 11.        North America Aluminium Foil: Thermal Pallet Covers Market for Pharmaceutical Application – Revenue and Forecast To 2028 (US$ Mn)

Figure 12.        North America Polymer : Thermal Pallet Covers Market for Pharmaceutical Application – Revenue and Forecast To 2028 (US$ Mn)

Figure 13.        North America Others : Thermal Pallet Covers Market for Pharmaceutical Application – Revenue and Forecast To 2028 (US$ Mn)

Figure 14.        North America: Thermal Pallet Covers Market for Pharmaceutical Application, by Key Country – Revenue (2020) (US$ Million)

Figure 15.        North America: Thermal Pallet Covers Market for Pharmaceutical Application Revenue Share, by Key Country (2020 and 2028)

Figure 16.        US: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Canada: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Mexico: Thermal Pallet Covers Market for Pharmaceutical Application –Revenue and Forecast to 2028 (US$ Million)

The List of Companies - North America Thermal Pallet Covers Market for Pharmaceutical Application

● CSafe Global

● Eceplast

● Insulated Products Corporation

● Nordic Cold Chain Solutions

● PAC Worldwide Corporation

● Protek Cargo 

● QProducts & Services   

● Thermal Packaging Solutions

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America thermal pallet covers market for pharmaceutical application.

● 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 North America thermal pallet covers market for pharmaceutical application, thereby allowing players across the value chain to develop effective long-term strategies

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

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the thermal pallet covers market for pharmaceutical application, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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