Saudi Arabia Cold Chain Packaging Market, By Material (Insulating Material, Refrigerants); By Product (Labels, Cold Packs, Temperature Controlled Pallet Shippers, Crates, Insulted Container & Boxes, Others); By Application (Fruits & Vegetables, Bakery & C

Saudi Arabia Cold Chain Packaging Market, By Material (Insulating Material, Refrigerants); By Product (Labels, Cold Packs, Temperature Controlled Pallet Shippers, Crates, Insulted Container & Boxes, Others); By Application (Fruits & Vegetables, Bakery & Confectionery, Pharmaceuticals, Dairy & Frozen Desserts, Fish, Meat & Seafood Products, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

Saudi Arabia Cold Chain Packaging Market Size Booming to Cross USD 950 million by 2029

Saudi Arabia cold chain packaging market is gaining traction because of the rising trend of easy to eat food items and processed food and growing online grocery business.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia cold chain packaging market size at USD 458.83 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expect the Saudi Arabia cold chain packaging market size to grow at an impressive CAGR of 11.07% reaching a value of USD 950.12 million by 2029. The thriving food processing sector and the expanding accessibility of processed and packaged foods through online grocery shops are significant development drivers for the Saudi Arabia cold chain packaging market. The demand for ready-to-eat and packaged food goods, including frozen foods, dairy products, and seafood items, is expected to soar as a result of Saudi Arabia's expanding workforce and number of women joining the labor force, driving the expansion of the country's cold chain packaging market.

Saudi Arabia Cold Chain Packaging Market – Overview

Cold chain packaging is made to keep delicate items at the right temperature (i.e., cold, warm, and frozen). Due to their temperature sensitivity, they are frequently used for the delivery of meat, seafood, medications, and other health products. Active, passive, and hybrid are the three main categories of cold chain packaging technologies that are available. Active packaging works with an energy source to maintain product and internal temperature. Passive systems generally use phase change materials, such as dry ice, and are prominently used across industries because of their cost-effectiveness. Meanwhile, hybrid systems use a combination of active and passive systems.

Saudi Arabia Cold Chain Packaging Market – By Application

Based on application, the Saudi Arabia cold chain packaging market is segmented into fruits & vegetables, bakery & confectionery, pharmaceuticals, dairy & frozen desserts, fish, meat, and seafood products, and others. The fruits and vegetable application accounts for the highest share in the Saudi Arabia cold chain packaging market. Saudi Arabia is one of the biggest importers of fruits and vegetables. About 72.4% of the country’s fruits and vegetables are imported. Additionally, the demand for exotic fruits and vegetables is also expanding in the country with changing consumption patterns. This is projected to boost the demand for cold chain packaging in the Saudi Arabia region.

Impact of COVID-19 on Saudi Arabia Cold Chain Packaging Market

The Saudi Arabia cold chain packaging market flourished post the COVID-19 pandemic outbreak in the country. The lockdown imposition by the Saudi Government and restrictions on the import and export activities created a huge shortage of essential goods including fruits and vegetables, cereals, and pharmaceuticals. As a result, the investment in cold chain packaging spiked during this period to keep stocks of essential goods in the long run and prevent such situation of food shortages from happening in the future. Furthermore, the demand for cold chain packaging registered a significant surge from the pharmaceutical industry owing to the high demand for vaccine storage and shipping.

Competitive Landscape

Major players operating in Saudi Arabia cold chain packaging market include Pelican BioThermal LLC, Sonoco Thermosafe, Cold Chain Technologies Inc., Cryopak, Sofrigam Company, Intelsius (A DGP Company), Coolpac, Softbox Systems Ltd, Clip-Lok SimPak, and Chill-Pak. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Cold Chain Packaging market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Cold Chain Packaging market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.