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

According to a new market research study on “APAC Thermal Pallet Covers Market for Pharmaceutical Application to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type” is expected to reach US$ 653.25 million by 2028 from US$ 332.88 million in 2021. The market is estimated to grow at a CAGR of 10.1% from 2021 to 2028. The report provides trends prevailing in the APAC thermal pallet covers market for pharmaceutical application along with the drivers and restraints pertaining to the market growth.   Product innovation and emerging trend of bio-based and recyclable thermal pallet covers are the major factor driving the growth of the APAC thermal pallet covers market for pharmaceutical application. However, volatility in raw material prices hinders the growth of APAC thermal pallet covers market for pharmaceutical application.    

The APAC thermal pallet covers market for pharmaceutical application is segmented by type and country. Based on type, the APAC thermal pallet covers market for pharmaceutical application is segmented into aluminium foil, polymer, and others. The aluminium foil segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the APAC thermal pallet covers market for pharmaceutical application has been segmented into China, India, Japan, South Korea, Australia, and rest of APAC.    

CSafeGlobal, Eceplast, Insulated Products Corporation, PAC Worldwide Corporation, Protek Cargo, QProducts & Services, and Thermal Packaging Solutions are among the leading companies in the APAC 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 2018, Protek Pharma Worldwide LLC announced the launch of 2,300 meter sq. production facility in Verona, Italy. The plant's opening represents a significant step forward in the company’s commitment to global manufacturing. 

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