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.
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
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
