Overview and Scope
Cold chain packaging refers to a packaging system designed to maintain temperature-sensitive payloads at the correct temperature like cold, warm, frozen and others.
Sizing and Forecast
The cold chain packaging market size has grown rapidly in recent years. It will grow from <b>$28.02 billion in 2023 to $31.92 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. </b> The growth in the historic period can be attributed to expansion of global pharmaceutical and healthcare industries, growth in demand for temperature-sensitive biologics and vaccines, increased focus on food safety and quality assurancesafety, rise in global trade of frozen and chilled foods, growth in the biotechnology and life sciences sector.
The cold chain packaging market size is expected to see rapid growth in the next few years. It will grow to <b>$54.99 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. </b> The growth in the forecast period can be attributed to expansion of e-commerce and online grocery delivery services, adoption of cold chain technologies in emerging markets, increasing importance of last-mile delivery in cold chain, market growth in the cell and gene therapy sector, demand for sustainable and eco-friendly packaging solutions. Major trends in the forecast period include innovations in insulation and thermal barrier materials, active and passive temperature-controlled packaging, integration of iot and sensor technologies, single-use and eco-friendly packaging solutions, pharmaceutical packaging with serialization and traceability.
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Segmentation & Regional Insights
The 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
<b>Western Europe</b> was the largest region in the cold chain packaging market in 2023. The regions covered in the cold chain packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Rapid urbanization is expected to propel the growth of the cold chain packaging market during the forecast period. Urbanization over the past years has led to urban development as cities and other urban areas require a new and much greater amount of resources to keep up with the increasing population and their demands. While the rising population is triggering demand for food products, changing lifestyles are prompting consumers to opt for processed and easy-to-eat food items. Processed food items such as frozen fruits and vegetables, dairy products, seafood, and meat have high demand across the world. Such food items require efficient packaging in transit and storage which is done with the help of cold chain packaging. For instance, as of 2021, nearly 4.46 billion people live in urban areas globally. This urban population is expected to grow to 6.68 billion by 2050. Thus, rapid growth in urbanization will drive the cold chain packaging market growth.
Key Industry Players
Major companies operating in the cold chain packaging market include <b> 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 </b>
The cold chain packaging market report table of contents includes:
1. Executive Summary
2.Cold Chain Packaging Market Characteristics
3.Cold Chain Packaging Market Trends And Strategies
4.Cold Chain Packaging Market analysis
5.Cold Chain Packaging Market Size And Growth
6.Cold Chain Packaging Segmentation
7.Cold Chain Packaging Regional And Country Analysis
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27.Cold Chain Packaging Competitive Landscape And Company Profiles
28.Cold Chain Packaging Key Mergers And Acquisitions
29.Cold Chain Packaging Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Cold Chain Technologies Inc.
- Cryopak Industries Inc.
- Sofrigam Company
- CCL Industries Inc.
- Sealed Air Corporation
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