+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
Global Cold Chain Packaging Market Size was valued at USD 21.6 Billion in 2022. The Cold Chain Packaging market industry is projected to grow from USD 25.4 Billion in 2023 to USD 79.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.60% during the forecast period (2023 - 2032). The demand for packaging solutions in the worldwide food processing business is rising as a result of the growing population, people's changing lifestyles, and these factors, are the key market drivers enhancing the market growth.
Download Free Sample to learn more about this report
Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
A rise in demand from the global food processing industry can be attributed to the growth of the packaging solutions market. Population growth, shifting lifestyles, and the accelerated urbanization of developing countries like China, India, and Mexico are the key drivers of rising demand. Even though there is a greater need for food products due to the growing population, people are increasingly choosing processed and quick meal options because of changing lifestyles. Foods that have been processed, like frozen fruits and vegetables, dairy goods, fish, and meat, are in high demand all around the world. Such foods require effective packaging for both storage and delivery. In the US, annual consumption of ground beef exceeds 6 billion pounds.
Cold chain packaging is essential for maintaining food quality since it helps to delay biological deterioration of the products and ensures that the food is safe and of a high standard for consumers. The growing population's increased consumption of preserved foods and beverages has increased the demand for products and solutions for cold chain packaging. The demand for convenience in the purchase of wholesome meals by customers has led to the growth of organized retail. Food safety and controls to avoid food-borne illnesses continue to be the top priorities for food and beverage companies. To stop the spread of food-borne bacterial diseases, businesses in the food industry are using cutting-edge packaging materials and methods including electro-spun fibers and biologically produced polymers.
The growing acceptance of novel biological medicine formulations is posing new challenges for the businesses that offer packaging solutions for pharmaceuticals. Examples of biological drugs that differ from conventional small-molecule formulations include interleukins, antibodies, and vaccines. Furthermore, there is occasionally a possibility that the packaging components will affect the drug itself. As a result, new materials are now predominantly needed to keep the newest biological drug compositions. One of the packaging kinds that needs to be replaced straight away is the glass vial. Recent biological drugs have a propensity to delaminate glass, which results in glass flaking in solutions. As a result, companies that provide packaging solutions are looking for novel ways to reduce the unfavorable delamination effect.
A substantial initial investment is needed to build the infrastructure for producing cold chain packaging. High material costs and the scalability of different packaging techniques are the main factors restricting the cold chain packaging market. Packaging is a crucial part of the delivery system for pharmaceutical products because it protects them from external influences, biological contaminations, and other hazards that could compromise the integrity of the product. The adoption of more advanced production methods, technical improvements, and the tightening regulatory environment are some of the key factors impacting the market's growth. Thus, driving the Cold Chain Packaging market revenue.
The global Cold Chain Packaging market segmentation, based on Product Type, includes EPS containers, PUR containers, pallet shippers, vacuum insulated panels, and others. The pallet shippers segment accounted for the largest market share in 2022. Since they offer both seasonal and year-round temperature protection covering, these goods have an edge over conventional cold packing choices. These are frequently reusable large-capacity shipping systems that are extremely efficient. Additionally, they are small and light, which reduces the price of transportation. Due to their exceptional occupancy capacity ratio and low volumetric weight, these containers are commonly used for frozen, refrigerated, or controlled room temperature shipping, transporting farm produce, processed agricultural products, pharmaceutical drugs, and many other items.
The global Cold Chain Packaging market segmentation, based on Application, includes pharmaceuticals, food, and industrial. The food segment accounted for largest market share in 2022. The increased shipments of beef and poultry from the United States and Brazil are to blame for this high percentage. Meat products must be transported and stored frozen because they can undergo continual, natural, and irreversible bio-physiochemical alterations. The market for fruits and vegetables is expected to grow significantly between 2023 and 2030. Proper refrigeration is necessary to preserve fresh fruits and vegetables till consumption. An efficient packaging solution can help food manufacturers and organizations that handle food better manage their operations.
Download Free Sample to learn more about this report
Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America Cold Chain Packaging Market dominated the global market in 2022 (45.80%). The region has a large market share due to the significant market fragmentation caused by the presence of so many major industrial players. Additionally, more people are opting to eat fresh and organic foods like organic milk, eggs, and leafy green vegetables, which needs important packing and handling precautions at each stage of storage and transit to prevent rotting. In turn, this is hastening the local market's growth. Further, In the North American area, the U.S. Cold Chain Packaging market had the biggest market share, while the Canada Cold Chain Packaging market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Download Free Sample to learn more about this report
Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
From 2023 to 2032, the market for cold chain packaging in Europe is anticipated to develop at the quickest rate. Around 14% of all imports of food and drink come from Germany, one of the major food exporters to the United Kingdom. It sends the UK produce, fruits, and meat valued about 760 million USD annually. The need for a cold chain is being driven by the expansion of the organized food retail industry, consumer demand for processed foods, and rising health-care costs. Further, In the European region, the German Cold Chain Packaging market had the biggest market share, and the U.K. Cold Chain Packaging market had the quickest rate of growth.
The major market share is accounted for by the Asia Pacific Cold Chain Packaging market. This is a result of the quick economic growth of the emerging economies. It is projected that developing nations like China, Thailand, Singapore, and India will aid in the expansion of the regional industry. Ageing populations' increased need for drugs will help the Asia Pacific pharmaceutical industry grow. Moreover, In the Asia-Pacific region, the Indian Cold Chain Packaging market had the quickest rate of growth while China's Cold Chain Packaging market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Cold Chain Packaging market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Cold Chain Packaging sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Cold Chain Packaging industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Cold Chain Packaging sector. Major players in the Cold Chain Packaging market, including Cold Chain Technologies, Peli BioThermal, Orora Group, Sonoco ThermoSafe, CREOPACK, Sofrigam, Intelsius, Nordic Cold Chain Solutions, Tempack, Cryopa, Softbox Systems, and Sealed Air Corporation, are attempting to increase market demand by investing in research and development operations.
For e-Commerce and commercial supply chains, Ranpak Holdings Corporation provides system-based, ecologically responsible product protection solutions. The company offers a full range of protective packaging and consumable paper goods. Geographically, the majority of its income comes from Europe and Asia. Ranpak Holdings Corp. acquired Recycold chill Solutions BV, a producer of eco-friendly chill packs, in December 2021. Recycold Cool Packs, which differ from conventional cool packs in that they are constructed from a drain-safe, plant-based gel, are now part of Ranpak's Cold Chain packaging solutions.
CSafe is a manufacturer and provider of thermal transportation services as well as cold chain solutions for the biotech, pharma, aviation, military, and logistics industries. The company provides mobile refrigeration units, active air cargo solutions, passive parcels, cell and gene solutions, cold chain equipment, and temperature-sensitive bio-pharmaceutical cargo to satisfy the needs of the global supply chain. In December 2021, CSafe Global acquired SoftBox Systems in order to become the world leader in providing cold chain solutions for the pharmaceutical industry. Due to the COVID-19 outbreak, both companies pooled their knowledge to offer a one-stop shop for temperature-sensitive products in biologics, next-generation gene and cell therapy, and recently developed mRNA therapies.
· Cold Chain Technologies
· Peli BioThermal
· Orora Group
· Sonoco ThermoSafe
· CREOPACK
· Sofrigam
· Intelsius
· Nordic Cold Chain Solutions
· Tempack
· Cryopa
· Softbox Systems
· Sealed Air Corporation
March 2022: Cold Chain Technologies, LLC has acquired Packaging Technology Group, LLC, a well-known provider of thermal packaging solutions for the life sciences industry that are recyclable at the curb.
March 2021: Cold Chain Technologies and Cloudleaf have unveiled a new intelligent cold chain technology solution for critical, temperature-sensitive pharmaceuticals and biologics. In order to further help minimize product spoilage or loss, the Cloudleaf Digital Visibility Platform will make it possible to obtain real-time information about the conditions and temperature of shipping containers.
· EPS Containers
· PUR Containers
· Pallet Shippers
· Vacuum Insulated Panels
· Others
· Pharmaceuticals
· Food
· Industrial
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 21.6 Billion |
|
Market Size 2023 |
USD 25.4 Billion |
|
Market Size 2032 |
USD 79.5 Billion |
|
Compound Annual Growth Rate (CAGR) |
15.60% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Product Type, Application, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, the U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Cold Chain Technologies, Peli BioThermal, Orora Group, Sonoco ThermoSafe, CREOPACK, Sofrigam, Intelsius, Nordic Cold Chain Solutions, Tempack, Cryopa, Softbox Systems, and Sealed Air Corporation |
|
Key Market Opportunities |
Growing adoption of advanced manufacturing processes |
|
Key Market Dynamics |
The rising demand for packaging solutions from the global food processing industry, changing lifestyle of people, and growing population |
The global Cold Chain Packaging market size was valued at USD 21.6 Billion in 2022.
The global market is projected to grow at a CAGR of 15.60% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Cold Chain Technologies, Peli BioThermal, Orora Group, Sonoco ThermoSafe, CREOPACK, Sofrigam, Intelsius, Nordic Cold Chain Solutions, Tempack, Cryopa, Softbox Systems, and Sealed Air Corporation
Pallet Shippers Product Type dominated the market in 2022.
The Food Application had the largest share in the global market.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65300
Published on :
Sep 2023
Request a Free Sample Report
Speak to Analyst