Storage & Transport Chests Market: Overview
The global packaging industry has undergone significant transformation over the past few years, leading to an increased demand of safe packaging solutions. Storage & transport chests are the containers that is used to transfer the frozen products such as dry ice and wet ice storage. For laboratory and field applications storage & transport chests are used to provide mobile, non-electrical low-temperature maintenance. Storage & transport chests are ideal for short term storage, carrying & delivering of temperature sensitive tissues, serums, vaccines and other temperature sensitive materials. Pharmaceutical industry accounts for major market value share of the global storage & transport chests. Various industries relied on customized storage & transport chests. The storage & transport chests are designed for multiple uses, it reduces the overall cost of the production and transportation of the product. The storage & transport chests manufacturers are using the material such as plastic, metal and others. Overall the global outlook of storage transports & chests is expected to remain positive during the forecast period.
Storage & Transport Chests Market: Dynamics
Storage & transport chests tends to be far superior to their ridged packaging counterparts. Storage & transport chests have witnessed significant pace in terms of evolution in the past couple of decades. There are many factors contributing towards the growth of the global storage & transport chests. The key driver for the growth in preference of storage & transport chests is its design features. Storage & transport chests finds useful applications in cryogenic applications. Despite the positive factors, there are certain factors which hinder the growth of the global storage & transport chests. Storage & transport chests are used for transporting vaccines and critical pharmaceutical drugs in special controlled temperatures. Storage & transport chests are increasingly being used by organizations such as the World Health Organization to transport vaccines to remote parts of the world. Storage & transport chests are expected to have a positive outlook in supply chain and cold chain applications, during the next ten years. In some cases, the design of storage & transport chests are also standardized by concerned bodies, such as the WHO, which encourages the use of WHO-approved cold chain solutions for pharmaceuticals and vaccines.
Storage & Transport Chests Market: Segmentation
The global storage & transport chests market has been segmented as follows -
On the basis of material, the global storage & transport chests market has been segmented as:
On the basis of end use, the global storage & transport chests market has been segmented as:
- Military Equipment
Storage & Transport Chests: Regional Overview
In terms of both value and volume, North America storage and transport chests is expected to lead the market during the forecast period. The countries in the North America such as U.S. & Canada are considered as top storage & transport chests consumers. The U.S. is highly attractive in terms of market share while Canada is expected to register notable growth of the global storage & transport chests market. The Western Europe region is expected to lead the second position in the global storage & transport chests market during the forecast period. Brazil is expected to dominate the Latin America storage & transport chests during the forecast period accounting for the largest market share of the global storage & transport chests market. Mexico is expected to closely follow the Brazil in terms of market share storage & transport chests market during the forecast period. The Asia Pacific Excluding Japan (APEJ) is the significant shareholder of the global storage & transport chests market. However the increase in popularity of the frozen products in the prominent countries such as China, India and Australia is expected to offer the lucrative opportunity towards the growth of global storage & transport chests market during the forecast period. The Middle East & Africa (MEA) storage & transport chest market is expected to register sluggish growth, during the forecast period.
Storage & Transport Chests Market: Key Players
Few of the leading players operating in the market are –
- Fisher Scientific
- Ardagh Group
- Sonoco Thermosafe
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle east & Africa
- Asia Pacific excluding Japan
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.