According to IMARC Group’s latest report, titled “Cold Chain Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global cold chain packaging market size reached US$ 24.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.4 Billion by 2028, exhibiting a growth rate (CAGR) of 11.3% during 2023-2028.
Cold chain packaging facilitates the storage, transportation, and distribution of products, such as vaccines, chemicals, lab samples, diagnostic materials, pharmaceuticals, and food items. It relies on insulating materials like refrigerant bricks, gel packs, thermal trolleys, and containers to prevent damage during transportation and ensure the viability of the material. Besides this, it promotes food safety and increases the shelf life of different products. As a result, cold chain packaging solutions find applications in the pharmaceutical and food and beverage (F&B) industries across the globe.
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Market Trends:
The significant rise in the need for efficient packaging and transportation of temperature-sensitive products due to the rising prevalence of chronic medical disorders represents one of the key factors influencing the market. In line with this, escalating demand for ready-to-eat (RTE) food due to hectic schedules and changing dietary preferences is increasing the need for special packaging solutions. These packaging materials preserve the chemical values of the packed items and are suitable for contact with citric food items, dairy products, biopharmaceuticals, and several liquids. Apart from this, the development of more complex medicines that are used for hormone treatments also requires transportation at a controlled temperature, which is driving the market. Apart from this, stringent regulations for safe storage and distribution of time- and temperature-sensitive pharmaceutical products (TTSPPs) by World Health Organization (WHO) are offering lucrative growth opportunities to key market players. Furthermore, increasing inclination toward reusable, recyclable, and eco-friendly cold chain packaging solutions is propelling the market growth.
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List of Key Companies Covered in this Market Report:
- 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)
- Sonoco Products Company
Report Segmentation:The report has segmented the market into the following categories
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 Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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