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:

  • Plastic
  • Metal
  • Others

On the basis of end use, the global storage & transport chests market has been segmented as:

  • Pharmaceutical
  • Automotive
  • Military Equipment
  • Chemicals
  • Biotechnology
  • Others

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

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