Cold Chain Packaging Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global cold chain packaging market size was estimated to be US$ 21 billion in 2021 and is expected to grow at a CAGR of 16% between 2023 to 2032.
Cold chain packaging is a word that describes the container to keep delicate goods at an appropriate temperature. The market for cold packaging items for temperature monitoring is increasing because of the increased commerce of temperature-sensitive goods, including food and pharmaceuticals.
Temperature monitoring is crucial in the cold chain logistics process to maintain product quality. As a result, top manufacturers who work with cold chain logistics providers are putting their efforts into creating new solutions that may effectively address the technical issues with cold chain transportation. Advanced packaging has a significant deal of promise to reduce other losses. Additionally, it promotes the creation of reliable supply networks and aids in boosting profit margins.
Growth Driving factors of the market:
The rise of the pharmaceutical and healthcare sectors is one of the key reasons propelling the cold chain packaging industry. These expensive pharmaceutical products are distributed throughout the global distribution network using the cold chain.
Apart from this, rising demand for frozen food products is fuelling industry expansion. The significant rise in the consumption of frozen food in developed nations like the United States, Germany, Canada, and France, among others, is driving the market for insulated packaging.
Market Segmentation:
Due to higher capacity, the segment of pallet shippers will dominate. The market is divided into EPS containers, PUR containers, pallet shippers, vacuum-insulated panels, and others based on the kind of goods.
Due to its greater capacity and all-encompassing coverage for temperature protection, the pallet shippers market is anticipated to dominate. Their ability to be reused and effective during shipping may also increase demand.
The market is divided into three categories based on application: medicines, food, and industrial. Food as an application will hold the largest market share, supported by expanding product applications.
Due to the increased usage of vaccines, medications, and pharmaceuticals, the food category is anticipated to hold the most significant market share for cold chain packaging. Furthermore, it is anticipated that the pharmaceutical packaging sector's significant investments will accelerate the development of the cold chain packaging sector.
Regional Trends of the Cold Chain Packaging Market
Europe will continue dominating the cold chain industry
Due to the shifting temperature profiles, Europe will continue dominating the cold chain industry. In 2021, the European market had a value of USD 6.5 billion, and it is anticipated to increase its world market share significantly. Furthermore, it is anticipated that innovative packaging solutions will increase demand for packaging. These elements might affect industrial expansion.
The rapid deployment of cold storage projects, rising population, and rising disposable incomes in the Asia Pacific may boost the product's demand. Additionally, a robust supply chain and the accessibility of a wide variety of cold packaging products are anticipated to support business growth. China, Japan, and South Korea hold the highest share in the area since these nations have well-established supply chains and well-known businesses that offer a broad range of cold packaging products.
One of the world's biggest producers in North America. In 2020, the area had the second-largest market share worldwide. Due to its strong supply networks and technical advancements, the U.S. leads the regional market. The country's vast size and uneven population distribution make generous use of cold packaging for shipping food and pharmaceuticals to far-flung regions even more critical.
The forecast for the South America cold chain packaging market sings forward, thanks to significant FDI investment. Brazil is the primary factor in the expansion of the regional market. The GCC nations account for a large portion of the Middle Eastern market because of their developed infrastructure and high-income producing industries. The demand for cold storage packaging in food is significant because of regional temperature profiles. It protects frozen fruits, vegetables, and other agricultural products.
Leading organizations for cold chain packaging, such as the Global Cold Chain Alliance, collaborate with regional producers in Africa to improve cold chain logistics. With participants from South Africa, Ghana, Namibia, Kenya, and Nigeria, the Global Cold Chain Alliance's South Africa regional office successfully presented a virtual short course on cold store operations in August 2020. It is anticipated that such initiatives will generate potential demand in developing African nations during the forecast period.
Factors restraining the market growth:
Government restrictions on using low-carbon materials is anticipated to impede market expansion. For instance, the U.S. FDA (Food and Drug Administration) is the federal regulatory body in the U.S. At the same time, other nations manage their regulatory bodies or collaborate through organizations like the International Conference on Harmonization of Technical Requirements for Registration of Pharmaceuticals for Human Use, where all agencies are required to ensure corporate compliance.
The minimal standards for the establishment and upkeep of prescription medication distribution records and the storage and handling of prescription pharmaceuticals are laid out in regulations. It is projected that growing raw material costs will impede market growth. The two essential raw materials used in the construction of cold chain packaging solutions are polyurethane (P.U.) and polystyrene (P.S.).
Key Players:
Key companies in the Global 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 and Lok SimPak.
Cold Chain Packaging Market Segmentation:
By Product:
- Crates
- Dairy
- Pharmaceutical
- Fisheries
- Horticulture
- Insulated Container & Boxes
- Large
- Medium
- Small
- X-Small
- Petite
- Cold Packs
- Labels
- Temperature Controlled Pallet Shippers
By Material:
- Insulating Material
- Expanded Polystyrene (EPS)
- Polyurethane rigid foam (PUR)
- Vacuum Insulated Panel (VIP)
- Cryogenic Tanks
- Others
- Refrigerants
- Fluorocarbons
- Inorganics
- Ammonia
- Carbon Dioxide (CO2)
- Hydrocarbon
By Application:
- Fruits & Vegetables
- Fruit & Pulp Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice Cream
- Fish, Meat & Seafood
- Processed Food
- Pharmaceuticals
- Vaccines
- Blood Banking
- Bakery & Confectionery
- Others
By Geography:
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Cold Chain Packaging Market
- Global Cold Chain Packaging Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Trends
- Global Cold Chain Packaging Market Analysis and Forecast, by Product
- Overview and definitions
- Key segment analysis
- Global Cold Chain Packaging Market Estimates (US$ Mn), by Product, 2019 – 2032
- Crates
- Dairy
- Pharmaceutical
- Fisheries
- Horticulture
- Insulated Container & Boxes
- Large
- Medium
- Small
- X-Small
- Petite
- Cold Packs
- Labels
- Temperature Controlled Pallet Shippers
- Crates
- Global Cold Chain Packaging Market Analysis and Forecast, by Material
- Overview and definitions
- Key segment analysis
- Global Cold Chain Packaging Market Estimates (US$ Mn), by Material, 2019 – 2032
- Insulating Material
- Expanded Polystyrene (EPS)
- Polyurethane rigid foam (PUR)
- Vacuum Insulated Panel (VIP)
- Cryogenic Tanks
- Others
- Refrigerants
- Fluorocarbons
- Inorganics
- Ammonia
- Carbon Dioxide (CO2)
- Hydrocarbon
- Insulating Material
- Global Cold Chain Packaging Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Cold Chain Packaging Market Estimates (US$ Mn), by Application, 2019 – 2032
- Fruits & Vegetables
- Fruit & Pulp Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice Cream
- Fish, Meat & Seafood
- Processed Food
- Pharmaceuticals
- Vaccines
- Blood Banking
- Bakery & Confectionery
- Others
- Global Cold Chain Packaging Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Cold Chain Packaging Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Cold Chain Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Cold Chain Packaging Market Estimates (US$ Mn), by Product, 2019 – 2032
- Crates
- Dairy
- Pharmaceutical
- Fisheries
- Horticulture
- Insulated Container & Boxes
- Large
- Medium
- Small
- X-Small
- Petite
- Cold Packs
- Labels
- Temperature Controlled Pallet Shippers
- Crates
- North America Cold Chain Packaging Market Estimates (US$ Mn), by Material, 2019 – 2032
- Insulating Material
- Expanded Polystyrene (EPS)
- Polyurethane rigid foam (PUR)
- Vacuum Insulated Panel (VIP)
- Cryogenic Tanks
- Others
- Refrigerants
- Fluorocarbons
- Inorganics
- Ammonia
- Carbon Dioxide (CO2)
- Hydrocarbon
- North America Cold Chain Packaging Market Estimates (US$ Mn), by Application, 2019 – 2032
- Fruits & Vegetables
- Fruit & Pulp Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice Cream
- Fish, Meat & Seafood
- Processed Food
- Pharmaceuticals
- Vaccines
- Blood Banking
- Bakery & Confectionery
- Others
- North America Cold Chain Packaging Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Insulating Material
- Europe Cold Chain Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Cold Chain Packaging Market Estimates (US$ Mn), by Product, 2019 – 2032
- Crates
- Dairy
- Pharmaceutical
- Fisheries
- Horticulture
- Insulated Container & Boxes
- Large
- Medium
- Small
- X-Small
- Petite
- Cold Packs
- Labels
- Temperature Controlled Pallet Shippers
- Crates
- Europe Cold Chain Packaging Market Estimates (US$ Mn), by Material, 2019 – 2032
- Insulating Material
- Expanded Polystyrene (EPS)
- Polyurethane rigid foam (PUR)
- Vacuum Insulated Panel (VIP)
- Cryogenic Tanks
- Others
- Refrigerants
- Fluorocarbons
- Inorganics
- Ammonia
- Carbon Dioxide (CO2)
- Hydrocarbon
- Europe Cold Chain Packaging Market Estimates (US$ Mn), by Application, 2019 – 2032
- Fruits & Vegetables
- Fruit & Pulp Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice Cream
- Fish, Meat & Seafood
- Processed Food
- Pharmaceuticals
- Vaccines
- Blood Banking
- Bakery & Confectionery
- Others
- Europe Cold Chain Packaging Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Insulating Material
- Asia Pacific Cold Chain Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Cold Chain Packaging Market Estimates (US$ Mn), by Product, 2019 – 2032
- Crates
- Dairy
- Pharmaceutical
- Fisheries
- Horticulture
- Insulated Container & Boxes
- Large
- Medium
- Small
- X-Small
- Petite
- Cold Packs
- Labels
- Temperature Controlled Pallet Shippers
- Crates
- Asia Pacific Cold Chain Packaging Market Estimates (US$ Mn), by Material, 2019 – 2032
- Insulating Material
- Expanded Polystyrene (EPS)
- Polyurethane rigid foam (PUR)
- Vacuum Insulated Panel (VIP)
- Cryogenic Tanks
- Others
- Refrigerants
- Fluorocarbons
- Inorganics
- Ammonia
- Carbon Dioxide (CO2)
- Hydrocarbon
- Asia Pacific Cold Chain Packaging Market Estimates (US$ Mn), by Application, 2019 – 2032
- Fruits & Vegetables
- Fruit & Pulp Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice Cream
- Fish, Meat & Seafood
- Processed Food
- Pharmaceuticals
- Vaccines
- Blood Banking
- Bakery & Confectionery
- Others
- Asia Pacific Cold Chain Packaging Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Insulating Material
- Middle East & Africa Cold Chain Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Cold Chain Packaging Market Estimates (US$ Mn), by Product, 2019 – 2032
- Crates
- Dairy
- Pharmaceutical
- Fisheries
- Horticulture
- Insulated Container & Boxes
- Large
- Medium
- Small
- X-Small
- Petite
- Cold Packs
- Labels
- Temperature Controlled Pallet Shippers
- Crates
- Middle East & Africa Cold Chain Packaging Market Estimates (US$ Mn), by Material, 2019 – 2032
- Insulating Material
- Expanded Polystyrene (EPS)
- Polyurethane rigid foam (PUR)
- Vacuum Insulated Panel (VIP)
- Cryogenic Tanks
- Others
- Refrigerants
- Fluorocarbons
- Inorganics
- Ammonia
- Carbon Dioxide (CO2)
- Hydrocarbon
- Middle East & Africa Cold Chain Packaging Market Estimates (US$ Mn), by Application, 2019 – 2032
- Fruits & Vegetables
- Fruit & Pulp Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice Cream
- Fish, Meat & Seafood
- Processed Food
- Pharmaceuticals
- Vaccines
- Blood Banking
- Bakery & Confectionery
- Others
- Middle East & Africa Cold Chain Packaging Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- Insulating Material
- South America Cold Chain Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Cold Chain Packaging Market Estimates (US$ Mn), by Product, 2019 – 2032
- Crates
- Dairy
- Pharmaceutical
- Fisheries
- Horticulture
- Insulated Container & Boxes
- Large
- Medium
- Small
- X-Small
- Petite
- Cold Packs
- Labels
- Temperature Controlled Pallet Shippers
- Crates
- South America Cold Chain Packaging Market Estimates (US$ Mn), by Material, 2019 – 2032
- Insulating Material
- Expanded Polystyrene (EPS)
- Polyurethane rigid foam (PUR)
- Vacuum Insulated Panel (VIP)
- Cryogenic Tanks
- Others
- Refrigerants
- Fluorocarbons
- Inorganics
- Ammonia
- Carbon Dioxide (CO2)
- Hydrocarbon
- South America Cold Chain Packaging Market Estimates (US$ Mn), by Application, 2019 – 2032
- Fruits & Vegetables
- Fruit & Pulp Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice Cream
- Fish, Meat & Seafood
- Processed Food
- Pharmaceuticals
- Vaccines
- Blood Banking
- Bakery & Confectionery
- Others
- South America Cold Chain Packaging Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Insulating Material
- Competition Analysis – Global Cold Chain Packaging Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Pelican BioThermal LLC
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Sonoco Thermosafe
- Cold Chain Technologies Inc.
- Cryopak
- Sofrigam Company
- Intelsius (A DGP Company)
- Coolpac
- Softbox Systems Ltd
- Lok SimPak
- Pelican BioThermal LLC
- Conclusion & Recommendations
Frequently asked questions about this report
What are the market dynamics for cold chain packaging?
The worldwide food processing industry's rising demand for packaging solutions in developing nations like China, India, and Mexico is one of the key factors driving the cold chain packaging market's expansion.
Which market component segment is the dominant one?
The leading component segment in the cold chain packaging market is the Food end-user segment.
What are the main factors impeding cold chain packaging market expansion?
The two main factors limiting the cold chain packaging market growth are stringent government regulations and the rising cost of packaging materials.
What is the Compound Annual Growth Rate (CAGR) of the cold chain packaging market from 2023 to 2032?
The global cold chain packaging market is estimated to exhibit a CAGR of 16% from 2023 to 2032.
What was the market for cold chain packaging valued at in 2021?
The cold chain packaging market size was estimated to be US$ 21 billion in 2021.
How is the regional performance of the cold chain packaging market?
Due to the shifting temperature profiles, Europe will continue dominating the cold chain industry. In 2021, the European market had a value of USD 6.5 billion, and it is anticipated to increase its world market share significantly.