Market Research Future (MRFR) has published a cooked research report on the “Global Cold Chain Packaging Market” that contains information from 2022 to 2032. The Global Cold Chain Packaging Market is estimated to register a CAGR of 15.50% during the forecast period of 2022 to 2032.
MRFR recognizes the following companies as the key players in the Global Cold Chain Packaging Market Cold Chain Technologies, Peli BioThermal, Orora Group, Sonoco ThermoSafe, CREOPACK, Sofrigam, Intelsius, Nordic Cold Chain Solutions, Tempack, Cryopa, Softbox Systems, and Sealed Air Corporation
The Global Cold Chain Packaging Market is accounted to register a CAGR of 15.50% during the forecast period and is estimated to reach USD 79.7 Billion by 2032.
the cold chain packaging market refers to the specialized packaging and transportation of temperature-sensitive products or goods to maintain their integrity and quality during distribution and storage. This type of packaging is essential for industries that deal with perishable items, such as food and beverages, pharmaceuticals, vaccines, biotechnology products, and other temperature-sensitive goods. The market for cold chain packaging has been growing steadily, driven by the expansion of the pharmaceutical and food industries, international trade, and increased demand for temperature-sensitive products. Companies involved in the cold chain packaging sector offer a variety of solutions tailored to the specific needs of their customers, ensuring the efficient and safe transportation of temperature-sensitive goods.
The Global Cold Chain Packaging Market has been segmented based on Product Type, and Application
Based on Product Type, the market is segmented into EPS Containers, PUR Containers, Pallet Shippers, Vacuum Insulated Panels, and Others. the pallet shippers segment dominated the market in 2022, holding the largest market share. Pallet shippers have a competitive edge over other cold packing options as they offer both seasonal and year-round temperature protection. These shipping systems are highly efficient, reusable, and have a large capacity, making them a preferred choice.
Based on Application, the Market has been segmented into Pharmaceuticals, Food, and Industrial. The food segment held the largest market share in 2022, primarily due to the increased shipment volumes of beef and poultry from the United States and Brazil. These meat products require constant freezing during transit and storage to prevent natural and irreversible bio-physiochemical changes.
The Global Cold Chain Packaging Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Cold Chain Packaging Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Cold Chain Packaging Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Cold Chain Packaging Market comprises of Middle East, Africa, and Latin America.
In 2022, the North America Cold Chain Packaging Market emerged as the dominant force in the global market, commanding a substantial share of 45.80%. This significant market share can be attributed to the region's vast number of major industrial players, leading to a highly fragmented market landscape. Moreover, the growing preference for fresh and organic foods, such as fresh leafy vegetables, organic milk, and organic eggs, has surged in popularity among consumers.
The Europe Cold Chain Packaging market is projected to witness the swiftest growth. Germany, being one of the major food exporters to the U.K., plays a significant role, accounting for approximately 14% of all food and beverage imports. The country exports meat, fruits, and vegetables worth approximately USD 760 million annually to the UK. The growth in the organized food retail sector, increasing consumer demand for processed foods, and rising healthcare expenditures are driving the demand for a robust cold chain infrastructure in Europe. Among the European countries, the German Cold Chain Packaging market currently holds the largest market share, while the U.K. Cold Chain Packaging market is the fastest growing market within the region.
In the Asia Pacific region, the Cold Chain Packaging market commands a substantial market share, primarily due to the rapid economic expansion of emerging economies. Countries such as India, Singapore, Thailand, and China are expected to contribute significantly to the regional market's growth. The aging population in these countries is leading to high demand for medications, which in turn, is driving growth in the pharmaceutical sector.
Key Findings of the Study
- The Global Cold Chain Packaging Market is expected to reach USD 79.7 Billion by 2032, at a CAGR of 15.50% during the forecast period.
- The North American region, the U.S. Cold Chain Packaging market held the largest market share, further solidifying the region's dominance in the industry.
- Based on Application, the Market has been segmented into Food holding the largest market in 2022.
- Cold Chain Technologies, Peli BioThermal, Orora Group, Sonoco ThermoSafe, CREOPACK, Sofrigam, Intelsius, Nordic Cold Chain Solutions, Tempack, Cryopa, Softbox Systems, and Sealed Air Corporation.
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