Quick Summary:
In an era increasingly driven by globalization and the need for effective transportation of temperature-sensitive products, the importance of an efficient cold chain cannot be overstated. The global cold chain packaging market is expected to see significant growth due to a surge in demand for such products.
The applicability of cold chain packaging extends beyond preserving the quality of perishable food and beverage items, also playing a pivotal role in assuring the successful transit, storage, and distribution of pharmaceutical products, chemicals, vaccines, and biologics. Innovation has led to the use of high-density polyethylene pallets and unique packaging solutions that ensure optimal conditions for products, from preventing waste and ensuring transport efficiency to offering thermal protection during transport.
Strong regulatory guidelines put forth by international health organizations surrounding storage and distribution of time- and temperature-sensitive pharmaceutical products (TTSPPs) have further pushed for robust and quality-focused cold chain packaging solutions. Continuous technological advancements, rapid global expansion, and significant growth in the food and beverage industry are other factors contributing to the positive forecast for the market. This comprehensive market research report provides unprecedented insights into the sector and its trends, offering a thorough segmentation by product, end-user, and region.
A cold chain refers to a temperature-controlled supply chain comprising storage, transportation and distribution facilities for perishable goods, such as vaccines, chemicals, biologics, lab samples, diagnostic materials, seafood, meats, and dairy products. It relies on packaging solutions like refrigerant bricks, gel packs and bottles, thermal trolleys, and insulated containers, covers, and envelopes to keep products cold, improve transportation efficiency, and prevent waste and damage. As a result, cold chain packaging finds extensive applications in the pharmaceutical and food and beverage (F&B) industries across the globe.
Cold Chain Packaging Market Trends:
The rising demand for temperature-sensitive products represents one of the key factors bolstering the growth of the market. Besides this, there is an increase in the utilization of pallets made using high-density polyethylene (HDPE), a material suitable for contact with food and storage of goods at room temperature and cold storage. Moreover, the escalating demand for special packaging solutions, which enable transportation of fishes in crushed ice to ensure that they do not escape outside when placed on the respective pads and offer protection if the ice melts, is strengthening the market growth. Besides this, pharmaceutical products are transported using isothermal polystyrene (PS) containers with internal cooling cartridges to provide appropriate conditions for transport. This, along with the introduction of stringent guidelines for the safe storage and distribution of time- and temperature-sensitive pharmaceutical products (TTSPPs) from international health organizations, is impelling the market growth. Furthermore, leading players are offering thermally insulated tanks to transport liquid products, vulnerable to quality modifications due to temperature changes. This, coupled with recent advancements in cold-chain technology, is strengthening the market growth. Other factors, including significant growth in the food and beverage (F&B) industry and rapid globalization around the world, are driving the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global cold chain packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and end user.Breakup by Product:
Insulated Container and Boxes
- Large
- Medium
- Small
- X-Small
- Petite
Crates
- Dairy
- Pharmaceutical
- Fisheries
- Horticulture
- Cold Packs
- Labels
- Temperature Controlled Pallet Shippers
Breakup by End User:
- Food
- Dairy
- Pharmaceutical
- Others
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cascades Inc., Chill-Pak, Cold Chain Technologies Inc., CoolPac, Creopack, Cryopak Industries Inc., DGP Intelsius Ltd., Pelican Products Inc., Sealed Air Corporation, Sofrigam, Softbox Systems Ltd. (CSafe Global LLC) and Sonoco Products Company.Key Questions Answered in This Report:
- What was the size of the global cold chain packaging market in 2022?
- What is the expected growth rate of the global cold chain packaging market during 2023-2028?
- What has been the impact of COVID-19 on the global cold chain packaging market?
- What are the key factors driving the global cold chain packaging market?
- What is the breakup of the global cold chain packaging market based on the product?
- What is the breakup of the global cold chain packaging market based on the end user?
- What are the key regions in the global cold chain packaging market?
- Who are the key players/companies in the global cold chain packaging market?
What is the estimated value of the Global Cold Chain Packaging Market?
What is the growth rate of the Global Cold Chain Packaging Market?
What is the forecasted size of the Global Cold Chain Packaging Market?
Who are the key companies in the Global Cold Chain Packaging Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | May 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 24.6 Billion |
| Forecasted Market Value ( USD | $ 47.4 Billion |
| Compound Annual Growth Rate | 11.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
Table of Contents
Companies Mentioned
- Cascades Inc.
- Chill-Pak
- Cold Chain Technologies Inc.
- CoolPac
- Creopack
- Cryopak Industries Inc.
- DGP Intelsius Ltd.
- Pelican Products Inc.
- Sealed Air Corporation
- Sofrigam
- Softbox Systems Ltd. (CSafe Global LLC) and Sonoco Products Company.
Methodology
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