Report : Middle East and Africa 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 is Expected to be Fastest Growing During Forecast Period for MEA Region
According to a new market research study on “MEA Thermal Pallet Covers Market for Pharmaceutical Application to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type” is expected to reach US$ 86.17 million by 2028 from US$ 51.59 million in 2021. The market is estimated to grow at a CAGR of 7.6% from 2021 to 2028. The report provides trends prevailing in the MEA thermal pallet covers market for pharmaceutical application along with the drivers and restraints pertaining to the market growth. The emerging trend of bio-based and recyclable thermal pallet covers and product innovation are the major factor driving the growth of the MEA thermal pallet covers market for pharmaceutical application. However, volatility in raw material prices hinders the growth of MEA thermal pallet covers market for pharmaceutical application.
The MEA thermal pallet covers market for pharmaceutical application is segmented by type and country. Based on type, the MEA 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 MEA thermal pallet covers market for pharmaceutical application has been segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.
CSafeGlobal, Eceplast, Insulated Products Corporation, Protek Cargo, QProducts & Services, and Thermal Packaging Solutions are among the leading companies in the MEA 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 2021, CSafe Global announced about the acquisition of Softbox Systems. Together, both the companies will provide the most comprehensive suite of thermal shipping solutions.
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