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North America Dry Ice Market

ID: MRFR/FnB/44988-HCR
200 Pages
Harshita Gorade
October 2025

North America Dry Ice Market Research Report By Dry Ice Type (Pellets, Blocks, Others) and By Dry Ice Application (Food Beverages, Storage Transportation, Healthcare, Industrial Cleaning, Others) - Forecast to 2035

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North America Dry Ice Market Infographic
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North America Dry Ice Market Summary

As per MRFR analysis, the dry ice market Size was estimated at 120.0 USD Million in 2024. The North America dry ice market is projected to grow from 128.28 USD Million in 2025 to 250.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 6.9% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The North America dry ice market is experiencing robust growth driven by diverse applications and increasing demand.

  • The US remains the largest market for dry ice, while Canada is emerging as the fastest-growing region.
  • There is a notable rise in demand for dry ice in food preservation, particularly in e-commerce logistics.
  • Expansion in medical applications is contributing to the overall market growth, reflecting a shift towards innovative uses.
  • Key market drivers include the growth in e-commerce logistics and the increased focus on food safety standards.

Market Size & Forecast

2024 Market Size 120.0 (USD Million)
2035 Market Size 250.0 (USD Million)

Major Players

Air Products and Chemicals Inc (US), Linde plc (IE), Praxair Inc (US), Matheson Tri-Gas Inc (US), Continental Carbonic Products Inc (US), Dry Ice Corp (US), Polar Tech Industries Inc (US), Cryo-Cell International Inc (US)

North America Dry Ice Market Trends

The dry ice market in North America is currently experiencing notable growth, driven by various factors including the increasing demand for efficient cooling solutions across multiple industries. This market is characterized by its diverse applications, ranging from food preservation to medical transportation. The rise in e-commerce and the need for reliable shipping methods have further propelled the use of dry ice, as it provides an effective means of maintaining temperature-sensitive products during transit. Additionally, the food and beverage sector is increasingly adopting dry ice for its ability to enhance product quality and extend shelf life, which appears to be a significant driver of market expansion. Moreover, environmental considerations are influencing the dry ice market, as businesses seek sustainable alternatives to traditional cooling methods. The production of dry ice from renewable sources is gaining traction, aligning with the broader trend towards sustainability in various industries. As companies become more aware of their carbon footprints, the demand for eco-friendly solutions is likely to increase. This shift not only supports environmental goals but also meets consumer expectations for responsible practices. Overall, the dry ice market in North America is poised for continued growth, with evolving applications and a focus on sustainability shaping its future.

Rising Demand in Food Preservation

The food sector is increasingly utilizing dry ice for its superior preservation capabilities. This trend is driven by the need to maintain product quality during transportation and storage, particularly for perishable goods. As consumers demand fresher products, the reliance on dry ice is likely to grow.

Expansion in Medical Applications

The medical industry is adopting dry ice for transporting temperature-sensitive pharmaceuticals and biological samples. This trend reflects a broader commitment to ensuring product integrity and safety, which is crucial in healthcare settings.

Sustainability Initiatives

There is a growing emphasis on sustainable practices within the dry ice market. Companies are exploring eco-friendly production methods and renewable sources for dry ice, aligning with consumer preferences for environmentally responsible solutions.

North America Dry Ice Market Drivers

Growth in E-commerce Logistics

The surge in e-commerce logistics is a pivotal driver for the dry ice market in North America. As online shopping continues to gain traction, the need for effective shipping solutions has become paramount. Dry ice serves as an efficient refrigerant, ensuring that perishable goods maintain their quality during transit. In 2025, the e-commerce sector is projected to reach approximately $1 trillion in sales in North America, which could lead to an increased demand for dry ice. This growth is likely to be fueled by the rising consumer preference for home delivery services, necessitating reliable temperature control solutions. Consequently, logistics companies are increasingly incorporating dry ice into their shipping protocols, thereby bolstering the dry ice market. The interplay between e-commerce growth and the need for temperature-sensitive shipping solutions appears to be a significant factor driving market expansion.

Expansion of Cold Chain Infrastructure

The expansion of cold chain infrastructure is a significant driver for the dry ice market in North America. As the demand for temperature-sensitive products increases, the need for robust cold chain logistics has become essential. Dry ice is integral to maintaining the required temperatures throughout the supply chain, particularly for perishable goods and pharmaceuticals. In 2025, the cold chain logistics market is projected to reach $25 billion in North America, indicating a growing investment in temperature-controlled storage and transportation solutions. This expansion is likely to enhance the efficiency of supply chains, thereby increasing the reliance on dry ice for effective temperature management. The development of advanced cold chain systems appears to create a favorable environment for the dry ice market, as businesses seek to optimize their logistics operations.

Increased Focus on Food Safety Standards

The increased focus on food safety standards is a notable driver for the dry ice market in North America. As consumers become more health-conscious, regulatory bodies are implementing stricter guidelines for food preservation and transportation. Dry ice plays a vital role in maintaining the integrity of perishable food items, ensuring they remain safe for consumption. In 2025, the food safety market is expected to grow by 10%, driven by heightened awareness and compliance with safety regulations. This growth is likely to result in a higher demand for dry ice as food manufacturers and distributors seek reliable methods to meet these standards. The emphasis on food safety not only enhances consumer trust but also stimulates the dry ice market, as businesses invest in effective preservation techniques to comply with regulations.

Rising Demand in Pharmaceutical Shipping

The rising demand for pharmaceutical shipping is a crucial driver for the dry ice market in North America. As the pharmaceutical sector continues to expand, the need for reliable temperature-controlled shipping solutions has become increasingly important. Dry ice is essential for transporting temperature-sensitive medications and vaccines, ensuring their efficacy during transit. In 2025, the pharmaceutical logistics market is projected to reach $100 billion in North America, with a significant portion relying on dry ice for safe delivery. This trend is further supported by regulatory requirements for maintaining specific temperature ranges during transportation. Consequently, pharmaceutical companies are increasingly turning to dry ice as a preferred shipping method, thereby propelling the growth of the dry ice market. The intersection of pharmaceutical demand and stringent shipping regulations appears to create a robust market opportunity.

Technological Advancements in Production

Technological advancements in the production of dry ice are influencing the dry ice market in North America. Innovations in manufacturing processes have led to increased efficiency and reduced costs, making dry ice more accessible to various sectors. For instance, the introduction of automated systems in dry ice production facilities has enhanced output rates, allowing manufacturers to meet the growing demand. In 2025, the production capacity of dry ice in North America is expected to increase by approximately 15%, driven by these technological improvements. Furthermore, advancements in storage and transportation technologies are enabling better preservation of dry ice, thus expanding its applications across industries. As production methods evolve, the dry ice market is likely to benefit from enhanced supply chain dynamics, ultimately supporting its growth trajectory.

Market Segment Insights

By Type: Pellets (Largest) vs. Blocks (Fastest-Growing)

In the dry ice market, the segmentation by type reveals that pellets currently hold the largest market share, appealing to various industries for their versatility and ease of handling. Blocks, while smaller in terms of overall market share, are emerging as a significant contender, particularly in sectors that require longer-lasting cooling solutions and bulk usage. Other types, while present, contribute a minimal share, focusing on niche applications. Growth trends indicate a robust increase in the demand for blocks, attributed to the rising need in pharmaceuticals and food services for reliable cooling methods. Pellets continue to dominate due to their widespread application, but innovation in block production is likely to lead to more efficient use and increased market penetration. Overall, as industries evolve, the dynamics within these types are expected to shift toward a balanced growth across all segments.

Pellets: Dominant vs. Blocks: Emerging

Pellets are the dominant type in the dry ice segment, favored for their convenience and suitability across various applications, including logistics, food preservation, and industrial uses. Their uniform size and ability to sublimate quickly make them ideal for temperature-sensitive shipping. Blocks, on the other hand, are seen as an emerging product, particularly advantageous for longer-term storage and heavy-duty cooling, such as in cold chain transportation for pharmaceuticals. This shift towards blocks is driven by regulatory pressures in the healthcare sector, increasing their relevance and application. While pellets maintain a larger market share, blocks are rapidly evolving to meet specific industry needs, positioning them strategically in a growing market.

By Application: Food & Beverages (Largest) vs. Healthcare (Fastest-Growing)

The application segment reveals significant market share distribution, with Food & Beverages being the largest contributor, leveraging dry ice for food preservation and transportation. Following closely is Healthcare, which also commands a notable portion of the market due to its critical role in the transportation of medical supplies and pharmaceuticals. Other segments like Storage & Transportation, Industrial Cleaning, and Others provide additional support, albeit to a lesser extent, contributing to a balanced distribution in the application sector. Growth trends indicate a rising demand for dry ice in various sectors, driven primarily by increasing consumer trends in e-commerce food delivery and healthcare logistics. The Food & Beverages segment is established, but the Healthcare sector is emerging strongly as a critical player, given the acceleration in vaccine distribution and medical supply transportation. This dynamic shift marks a transformative period for the dry ice market, reflecting evolving consumer behaviors and industrial advancements.

Food & Beverages: Dominant vs. Healthcare: Emerging

The Food & Beverages segment stands as the dominant force in the application landscape, characterized by its extensive use of dry ice in food preservation, ensuring freshness during transportation. This segment benefits from a stable demand as consumers increasingly prefer fresh and frozen food options. In contrast, the Healthcare segment is emerging rapidly, showcasing its vital importance in the safe transport of temperature-sensitive medical products. This includes vaccines and laboratory samples, where maintaining specific temperature controls is crucial. The emerging nature of Healthcare reflects a growing awareness of the need for dependable logistics in pharmaceuticals, thus driving innovations and strategic investments in this area.

Get more detailed insights about North America Dry Ice Market

Regional Insights

US : Leading Innovations and Demand Growth

Key markets include states like California, Texas, and New York, where major urban centers drive demand. The competitive landscape features prominent players such as Air Products and Chemicals Inc, Linde plc, and Praxair Inc, all vying for market share. Local dynamics are influenced by a growing e-commerce sector and stringent regulations on food safety. Industries such as pharmaceuticals and biotechnology are increasingly relying on dry ice for shipping, further solidifying its market position.

Canada : Expanding Applications and Demand

Key provinces include Ontario and British Columbia, where urban centers like Toronto and Vancouver are pivotal markets. The competitive landscape features local players alongside major U.S. companies, creating a dynamic environment. The presence of companies like Matheson Tri-Gas Inc and Polar Tech Industries Inc highlights the competitive nature of the market. The growing demand in sectors such as food service and pharmaceuticals is shaping local market dynamics, fostering innovation and collaboration.

North America Dry Ice Market Regional Image

Key Players and Competitive Insights

The dry ice market in North America is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability, and strategic partnerships. Key players such as Air Products and Chemicals Inc (US), Linde plc (IE), and Praxair Inc (US) are actively pursuing strategies that emphasize technological advancements and operational efficiencies. These companies are not only focusing on expanding their production capabilities but are also investing in sustainable practices to meet the growing demand for environmentally friendly solutions. The collective efforts of these firms contribute to a dynamic market environment where competition is driven by the need for reliable supply chains and innovative product offerings.

In terms of business tactics, companies are localizing manufacturing to reduce transportation costs and enhance supply chain resilience. This approach appears to be particularly effective in a moderately fragmented market, where the presence of numerous players allows for a diverse range of offerings. The competitive structure is influenced by the strategic maneuvers of major companies, which often engage in collaborations and partnerships to optimize their operations and expand their market reach.

In October 2025, Air Products and Chemicals Inc (US) announced a significant investment in a new production facility aimed at increasing its dry ice output by 30%. This strategic move is expected to enhance the company's ability to meet rising demand across various sectors, including food preservation and pharmaceuticals. The investment underscores Air Products' commitment to maintaining a competitive edge through capacity expansion and operational efficiency.

Similarly, in September 2025, Linde plc (IE) launched a new line of eco-friendly dry ice products, which are produced using renewable energy sources. This initiative not only aligns with global sustainability trends but also positions Linde as a leader in environmentally responsible practices within the industry. The introduction of these products is likely to attract environmentally conscious customers and enhance Linde's market share.

In August 2025, Praxair Inc (US) entered into a strategic partnership with a major logistics company to improve its distribution network for dry ice. This collaboration aims to streamline supply chain operations and reduce delivery times, thereby enhancing customer satisfaction. Such partnerships are indicative of a broader trend where companies are leveraging alliances to bolster their operational capabilities and market presence.

As of November 2025, the competitive trends in the dry ice market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Companies are recognizing the importance of strategic alliances in navigating the complexities of the market. Looking ahead, it is anticipated that competitive differentiation will evolve, shifting from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This transition may redefine the competitive landscape, compelling companies to adapt and innovate continuously.

Key Companies in the North America Dry Ice Market market include

Industry Developments

The North America Dry Ice Market has seen notable developments in recent months, particularly influenced by the rising demand for dry ice in the food and beverage, healthcare, and logistics sectors. Cardinal Health and Air Products and Chemicals have been recognized for their investments in improving dry ice production capabilities to meet the increasing demand, particularly during the COVID-19 pandemic's vaccination logistics phase. 

In October 2023, a significant merger occurred between Linde and Chemtron, enhancing Linde’s presence in the dry ice segment. The merger, which aimed to streamline operations and expand market share, reflects ongoing consolidation trends within the industry. Additionally, companies like Cold Jet and Superior Gas Solutions are focusing on innovative production technologies to reduce costs and improve sustainability in dry ice manufacturing. 

Over the last couple of years, the market has experienced growth driven by the expansion of e-commerce and the rising need for temperature-sensitive logistics, fundamentally impacting operational frameworks for companies like Matheson TriGas and American Dry Ice. The forecast indicates a continued upward trajectory for the North American Dry Ice Market, fueled by advancements in production techniques and the persistent demand for reliable cold chain solutions.

Future Outlook

North America Dry Ice Market Future Outlook

The dry ice market is projected to grow at a 6.9% CAGR from 2024 to 2035, driven by increasing demand in food preservation, pharmaceuticals, and industrial applications.

New opportunities lie in:

  • Expansion of dry ice production facilities in strategic locations.
  • Development of eco-friendly dry ice alternatives for sustainability.
  • Implementation of automated dry ice handling systems for efficiency.

By 2035, the dry ice market is expected to achieve robust growth and enhanced market positioning.

Market Segmentation

North America Dry Ice Market Type Outlook

  • Pellets
  • Blocks
  • Other Types

North America Dry Ice Market Application Outlook

  • Food & Beverages
  • Storage & Transportation
  • Healthcare
  • Industrial Cleaning
  • Others

Report Scope

MARKET SIZE 2024120.0(USD Million)
MARKET SIZE 2025128.28(USD Million)
MARKET SIZE 2035250.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)6.9% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Air Products and Chemicals Inc (US)", "Linde plc (IE)", "Praxair Inc (US)", "Matheson Tri-Gas Inc (US)", "Continental Carbonic Products Inc (US)", "Dry Ice Corp (US)", "Polar Tech Industries Inc (US)", "Cryo-Cell International Inc (US)"]
Segments CoveredType, Application
Key Market OpportunitiesGrowing demand for sustainable packaging solutions enhances opportunities in the dry ice market.
Key Market DynamicsRising demand for dry ice in food preservation and transportation drives market growth amid evolving consumer preferences.
Countries CoveredUS, Canada

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FAQs

What was the expected market size of the North America Dry Ice Market in 2024?

The North America Dry Ice Market was valued at 99.3 million USD in 2024.

What is the projected market size for the North America Dry Ice Market by 2035?

By 2035, the North America Dry Ice Market is projected to reach a value of 232.19 million USD.

What is the expected compound annual growth rate (CAGR) for the North America Dry Ice Market from 2025 to 2035?

The expected CAGR for the North America Dry Ice Market from 2025 to 2035 is 8.028 percent.

Which dry ice type holds the largest market share in North America?

Pellets are the largest segment, valued at 50.0 million USD in 2024.

What is the market size for the block segment of the North America Dry Ice Market in 2024?

The block segment of the North America Dry Ice Market is valued at 30.0 million USD in 2024.

What is the projected market size for the 'Others' segment by 2035?

The 'Others' segment is expected to reach 37.19 million USD by 2035.

Who are the key players in the North America Dry Ice Market?

Key players include Cardinal Health, Cold Jet, Linde, and Matheson TriGas among others.

What are the main applications driving the growth of the North America Dry Ice Market?

The primary applications include food preservation, shipping pharmaceuticals, and industrial cleaning.

How is the North America Dry Ice Market expected to evolve in terms of opportunities?

The market is anticipated to grow due to increased demand in the food and healthcare sectors.

What challenges might the North America Dry Ice Market face in the coming years?

Potential challenges include regulatory issues and competition from alternative cooling technologies.

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