Report : Europe Thermal Pallet Covers Market for Pharmaceutical Application Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Aluminum Foil, Polymer, and Others)
Aluminum Foil Segment to Dominate Europe Thermal Pallet Covers Market for Pharmaceutical Application During 2021–2028
According to a new market research study on “Europe Thermal Pallet Covers Market for Pharmaceutical Application to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type” is expected to reach US$ 674.73 million by 2028 from US$ 373.54 million in 2021. The market is estimated to grow at a CAGR of 8.8% from 2021 to 2028. The report provides trends prevailing in the Europe 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 Europe thermal pallet covers market for pharmaceutical application. However, volatility in raw material prices hinders the growth of Europe thermal pallet covers market for pharmaceutical application.
The Europe thermal pallet covers market for pharmaceutical application is segmented by type and country. Based on type, the Europe 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 Europe thermal pallet covers market for pharmaceutical application has been segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
CargoWise Solutions Ltd, CSafeGlobal, Eceplast, ECOCOOL, Insulated Products Corporation, PAC Worldwide Corporation, Protek Cargo, QProducts & Services, and Thermal Packaging Solutions are among the leading companies in the Europe 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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