Global Cold Chain Packaging market analysis 2024, Forecast To 2033
26 Jan, 2024
The cold chain packaging market has experienced rapid growth, escalating from $28.02 billion in 2023 to $31.92 billion in 2024, with a 13.9% CAGR. The historic growth is credited to the expansion of global pharmaceutical and healthcare industries, the increased demand for temperature-sensitive biologics and vaccines, a heightened focus on food safety and quality assurance, the rise in global trade of frozen and chilled foods, and growth in the biotechnology and life sciences sector. Looking ahead to 2028, the market is expected to reach $54.99 billion, maintaining a 14.6% CAGR. Anticipated drivers include the expansion of e-commerce and online grocery delivery services, the adoption of cold chain technologies in emerging markets, the increasing importance of last-mile delivery, market growth in the cell and gene therapy sector, and the demand for sustainable and eco-friendly packaging solutions. Key trends encompass innovations in insulation and thermal barrier materials, active and passive temperature-controlled packaging, integration of IoT and sensor technologies, and single-use and eco-friendly packaging solutions, along with pharmaceutical packaging featuring serialization and traceability.
Global Cold Chain Packaging Market Key Driver
Rapid urbanization is a key factor propelling the cold chain packaging market. As urban populations increase, demand for processed and easy-to-eat food rises. Processed foods, including frozen fruits, vegetables, and meat, require efficient cold chain packaging for storage and transit. In 2021, nearly 4.46 billion people lived in urban areas globally, and this number is expected to grow to 6.68 billion by 2050. The surge in urbanization creates a parallel demand for cold chain packaging, fostering market growth during the forecast period.
Get A Free Sample Of The Global Cold Chain Packaging Market ReportGlobal Cold Chain Packaging Market Segments
The global cold chain packaging market covered in this report is segmented –
1) By Product: Crates, Insulated Container And Boxes, Cold Packs, Lable, Temperature Controlled Pallet Shippers
2) By Material Type: Expanded polystyrene (EPS), Vacuum insulated panel (VIP) solutions, Polyurethane (PUR)
3) By Application: Fruits And Vegetables, Fruit And Pulp Concentrates, Dairy Products, Fish, Meat And Seafood, Processed Food, Pharmaceuticals, Bakery And Confectionaries
By Geography: The regions covered in the Cold Chain Packaging market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Cold Chain Packaging Industry Players
Cold Chain Technologies Inc., Cryopak Industries Inc., Sofrigam Company, CCL Industries Inc., Sealed Air Corporation, Pelican BioThermal LLC, Sonoco Thermosafe, Intelsius a DGP Company, Softbox Systems Ltd., Envirotainer AB, Inmark Packaging, Tempack Packaging Solutions S.L., ACH Foam Technologies LLC, American Aerogel Corporation, Cold Ice Inc., Davis Core & Pad Co., DuPont de Nemours Inc., Exeltainer S.L., Insulated Products Corporation, Laminar Medica Limited, NanoCool LLC, Polar Tech Industries Inc., Protek Cargo, Royal Golden Eagle Group, Saeplast Americas Inc., SkyCell AG, Snyder Industries Inc., TKT GmbH, World Courier, va-Q-tec AG
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Cold Chain Packaging Market Overview
Cold chain packaging refers to a packaging system designed to maintain temperature-sensitive payloads at the correct temperature like cold, warm, frozen and others.
Cold Chain Packaging Global Market Report 2023 provides data on the global cold chain packaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cold chain packaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.