According to a research survey conducted by ChemView Consulting, in 2022, the Global Cold Chain Packaging Market was worth US$ 175.3 Bn and is expected to grow at a CAGR of 5.8% over the forecast period. The market is expected to hit US$ 275.2 Bn by 2030 end.
Cold Chain Packaging adoption is anticipated to be boosted by the product’s high level of demand from the pharmaceutical business. Injections, vaccinations, medications, and other goods needing particular temperatures are packaged using it.
The cold chain is responsible for roughly 18% of all investments made in pharmaceutical goods in 2021, according to IQVIA’s Pharmaceutical Commerce Analysis. Additionally, the expansion of the pharmaceutical industry’s international commerce may encourage the use of the packaging method.
ChemView Consulting has analyzed that the main forces behind increasing demand are population growth, changing lifestyles, and the quickening pace of urbanization in developing nations like China, India, and Mexico. While the growing population is driving up demand for food goods, people are increasingly choosing processed and convenient food options due to changing lifestyles.
Worldwide, there is a significant demand for processed foods such as frozen fruits and vegetables, dairy products, fish, and meat. Such foods need to be packaged well for storage and transportation.
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Cold Chain Packaging Market 2017-2030: Report Key Highlights:
- Detailed information on factors that will assist Global Cold Chain Packaging’s growth during the next eight years
- Assessment of the historical and current Global Cold Chain Packaging Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
Segments Covered in Report
By Product Type :
- Pallet Shippers
- Insulated Containers
- Foam Bricks
- Gel Packs
- Protective Packaging
- Phase Change Cold Storage Products
By Material Type :
- Polymer
- Polyethylene
- Polypropylene
- PET
- EPS
- Polyurethane
- Others
- Metal
- Paper
By Packaging Formats :
- Reusable Packaging
- Disposable Packaging
By End-Use :
- Food
- Meat, Poultry & Seafood
- Dairy Products
- Fresh Produce
- Bakery & Confectionary
- Beverages
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Chemical
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Cold Chain Packaging Market
- Based on the product type, insulated containers are crucial for controlling the temperature of food goods during transport and storage and extending their shelf lives. As a result, increased demand for insulated containers is being driven by expansion in the market for frozen foods and fruits.
- Based on end-use, the Meat, Poultry & Seafood application dominated the market in 2021 and brought in more than 0% of total revenue. This high percentage can be attributed to increased beef and poultry shipped from the United States and Brazil. Meat products must be frozen throughout transit and storage because they are susceptible to natural, ongoing, and irreversible bio-physiochemical changes.
- Based on region, North America will continue to lead the market and account for over 0% of global revenue throughout the forecast period. Because there are so many big industrial players in the region, there is tremendous market fragmentation, which accounts for the high market share of the area. Additionally, more people consume fresh and organic foods, including fresh green vegetables, organic milk, and organic eggs. It necessitates crucial packaging and handling precautions at each storage stage and transportation to prevent rotting. In turn, this is accelerating the expansion of the local market.
Competition Summary
Key companies covered in the market study are Sonoco ThermoSafe, Pelican Products, Inc., Sofrigam SAS, Cryopak Industries Inc, CSafe Global, LLC, Softbox Systems Ltd., TOWER Cold Chain Solutions, DGP Intelsius LLC, TemperPack Technologies, Inc and Tempack Packaging Solutions SL
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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