Cold Chain Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Cold Chain Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Cold Chain Packaging Market

The cold chain packaging market size was valued at USD 25.39 billion in 2023, and the market is now projected to grow from USD 28.14 billion in 2024 to USD 64.93 billion by 2032, exhibiting a CAGR of 11.02% during the forecast period of 2024-2032.

Throughout the COVID-19 pandemic, the local management of all areas stated the pharmaceutical and also food ventures to be a component of the checklist of necessary solutions. It came to be apparent just how much the cold chain packaging mattered during that duration to ensure that the appropriate items were transferred very carefully plus at a regulated temperature level. On the other hand, rigorous import as well as export plans produced a decrease popular of fresh produce and also specialized commercial products which had a general adverse result on the cold chain packaging market growth.

Increasing the transport of temperature-sensitive goods greatly contributes to the expansion of the cold chain market, globally chiefly by the pharmaceutical industry. When they are exposed to intense heat, they can essentially lose their powers. Hence, to ensure product quality thermal picking and transportation techniques should be specialized. In addition, cold chain refrigerants are being consumed more due to the resultant growth of the fresh produce and seafood industries which require their goods to be transported at a regulated temperature. The growing need for fresh fruits, vegetables, and meat as people realize the importance of healthy eating can be considered one of the largest cold chain packaging market segments.

Lately, recyclable cold chain packages and pallet delivery containers have been preferred by pharmaceutical companies for shipping excess, valuable goods to major markets worldwide. Besides that, everyone can opt for this comfortable and often cheaper alternative that has become widely available due to rental programs and the growth of network stations on a global scale that repair and recondition reusable shipping containers.

Comprehensive Analysis of Cold Chain Packaging Market

Due to product diversification, the cold chain packaging industry is unabatedly increasing in size. With the flourishing of this market high-level regional evaluations that are multi-dimensioned can be made which consider the essential supply and demand determinants of the mainly pharmasceutical and food & beverage sector. Divisions are created strictly by product type, and application. EPS containers, PUR containers, pallet shippers, vacuum insulated panels, and others. However, based application,it is classified as pharmaceuticals, food, and industrial.

Western European nations consisting of Germany, France, the United Kingdom, Italy, and Spain control a huge portion of the European market. In Europe, the temperature profile varies appreciably between nations. Therefore, to transport temperature-touchy items, sophisticated temperature monitoring, and packaging strategies are used. These motives contributed to the Europe marketplace's expected USD 6.94 in 2021.

The top players in the market play a crucial role in the packaging industry assuring industrial prospectus growth and setting market standards. These players include, Cold Chain Technologies (U.S.), Peli BioThermal (U.S.), OroraGroup(Australia), Sonoco ThermoSafe (U.S.),CREOPACK (Canada) , Sofrigam (France), Intelsius (U.K.), Nordic Cold Chain Solutions (U.S.), Tempack (Spain), Cryopak(U.S.), Softbox Systems (U.K.), and Sealed Air Corporation(U.S.). These industry participants offer a level playing field for competition.

CSafe Global purchased SoftBox Systems in December 2021 on the way to taking the lead inside the international supply of cold chain solutions for the pharmaceutical enterprise.

Segmentation Table

Global Cold Chain Packaging Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 11.02% from 2024-2032

Unit Value (USD billion)

Segmentation By Product Type,By Application, By Geography

By Product Type

EPS Containers

PUR Containers

Pallet Shippers

Vacuum Insulated Panels

Others

By Application Pharmaceuticals

Food

Industrial

By Geography

North America (By Product Type, By Application, By Country)

- U.S. (By Application)

- Canada (By Application)

Europe (By Product Type, By Application, By Country)

- Germany (By Application)

- U.K. (By Application)

- France (By Application)

- Scandinavia (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Product Type, By Application, By Country)

- China (By Application)

- India (By Application)

- Japan (By Application)

- ASEAN (By Application)

- India (By Application)

- Rest of Asia Pacific (By Application)

Latin America (By Product Type, By Application, By Country)

- Brazil (By Application)

- Mexico (By Application)

- Rest of Latin America (By Application)

The Middle East & Africa (By Product Type, By Application, By Country)

- Middle East (By Application)

- Africa (By Application)


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