Cold Chain Packaging Market Size is projected to reach USD

New York, United States, Sept. 18, 2023 (GLOBE NEWSWIRE) -- The shipment and packaging of products that need to be kept at a specific temperature to operate correctly are known as "cold chain packing." Cold chain packaging solutions are necessary for the growth of the worldwide market for perishable goods and the accessibility of food and medical supplies on a global scale. Cold chain solutions include protection from jarring, shocks, bad weather, hard handling, and other unforeseen variables during transit, in addition to keeping the products' ideal temperature.

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Growing Demand in Healthcare and Pharmacy Sectors Drives the Global Market

Cold chain packaging solutions must meet demand, given the rise in popularity of ordering prescription drugs online. Pharmaceuticals and other things are delivered directly to customers' front doors by Amazon and other online vendors. Professional cold chain packaging solutions are necessary since it is impossible to ignore the need for proper thermal packaging, packaging design, and adherence to industry standards. In October 2020, Softbox unveiled Tempcell ECO, its most current creation, in the US. Award-winning temperature-controlled package transporter The Tempcell ECO employs Thermaflute from Softbox. This plastic-free design provides thermal efficiency and insulation on par with typically expanded polystyrene shippers. It is entirely curbside recyclable and composed of corrugated cardboard.

Rising Consumer Demand for Perishable Food Creates Tremendous Opportunities

Players are focusing more on developing thermal box packaging for perishables like food and specifically made corrugated cardboard, which is the best alternative to polystyrene/EPS packaging. For instance, a manufacturer like Chilltainers has started producing insulated packaging utilizing corrugated board, encouraging airflow and a conductive layer of insulation. At the same time, the metalized polyester laminate deflects heat and keeps the inside colder for an extended period. The company is also focused on producing wool as an insulator because it is more porous than polystyrene and may absorb condensation from the air to keep food cooler for longer.

Report Scope

Report Metric	Details
Market Size by 2030	USD 55.97 billion
Market Size in 2021	USD 22.42 billion
CAGR	10.70% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Product, By End-User, By Regions
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Pelican BioThermal LLC, Sonoco Thermosafe, Cold Chain Technologies Inc., Cryopak, Sofrigam Company, Intelsius (A DGP Company), Coolpix, Softbox Systems Ltd, Clip-Lok SimPak and Chill-Pak,
Key Market Opportunities	Rising Consumer Demand for Perishable Food Creates Tremendous Opportunities
Key Market Drivers	Growing Demand in Healthcare and Pharmacy Sectors Drives the Global Market

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Regional Insights

Europe is the most significant global cold chain packaging market shareholder and is expected to grow at a CAGR of 9.90% during the forecast period. The need for cold-storage units in the region has grown due to the pandemic, which closed down the food service sales channels and left their suppliers searching for new customers and a location to store the unsold food. Additionally, the demand for pre-cooked meals, frozen meat, and other frozen and chilled food and beverages has increased the need for cold chain packaging solutions in the region. Pharmaceutical companies have been pressured to create temperature-controlled containers that match the requirements for deep-frozen vaccine storage since COVID-19 vaccines must be maintained at temperatures as low as -70C. In the region, the demand for cold chain packaging solutions has increased.

North America is expected to grow at a CAGR of 9.90%, during the forecast period. The region's expanding need for pharmaceutical storage and the demand for frozen and chilled food and beverages are the main drivers of the demand for cold chain packaging. The supply chain management for storing and transporting temperature-sensitive items depends heavily on cold chain packaging. Numerous important pharmaceutical development companies, such as Novartis, Johnson & Johnson, Gilead, Teva, and Apotex, are based in Canada. Pelican BioThermal opened a network station in Toronto in February 2020 to sell its Credo Xtreme and Credo Cargo shipping containers as part of its Demand Rental program. The business has acquired NanoCool, a Mexican producer of temperature-controlled packaging, to diversify its selection.

Asia-Pacific is expected to grow significantly during the forecast period. There is a rising demand for frozen food in China due to the government lowering import taxes on frozen food and the rapid expansion of food outlets. The propensity to dine at Western establishments and try Western cuisine is predicted to enhance demand for frozen meat and other chilled meals and beverages. Local food and retail firms supported the Indian government's approval of 27 new projects by the Minister of Food Processing Industries (MOFPI) to modernize the area's cold chain infrastructure by November 2020. This is anticipated to help boost the local agri-food industry's export potential and reduce food waste, increasing demand for cold chain packaging solutions in India's food and beverage industry.

Key Highlights

The global cold chain packaging market size is projected to reach USD 55.97 billion by 2030, growing at a CAGR of 10.70% during the forecast period (2022-2030).
Based on product, the global cold chain packaging market is bifurcated insulated containers, refrigerants, and temperature monitoring. The insulated containers segment is the highest contributor to the market and is expected to grow at a CAGR of 10.80% during the forecast period.
Based on end-user application, the global cold chain packaging market is bifurcated into food, dairy, pharmaceutical, and others. The food segment owns the highest market share and is expected to grow at a CAGR of 10.50% during the forecast period.
Europe is the most significant global cold chain packaging market shareholder and is expected to grow at a CAGR of 9.90% during the forecast period.

Competitive Landscape

Pelican BioThermal LLC
Sonoco Thermosafe
Cold Chain Technologies Inc.
Cryopak
Sofrigam Company
Intelsius (A DGP Company)
Coolpix
Softbox Systems Ltd
Clip-Lok SimPak and Chill-Pak

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Global Cold Chain Packaging Market: Segmentation

By Product

Insulated Containers
Refrigerants
Temperature Monitoring

By End-User

Food
Dairy
Pharmaceutical
Other End-user Applications

By Regions

North America
Europe
Asia-Pacific
LAMEA

TABLE OF CONTENT

EXECUTIVE SUMMARY
RESEARCH SCOPE & SEGMENTATION
1. Research Objectives
2. Market Definition
3. Limitations & Assumptions
4. Market Scope & Segmentation
5. Currency & Pricing Considered
MARKET OPPORTUNITY ASSESSMENT
1. Emerging Regions / Countries
2. Emerging Companies
3. Emerging Applications / End Use
4. Investment Landscape
5. New Business Models / Revenue Streams
6. TAM
MARKET TRENDS
1. Drivers
2. Market Warning Factors
3. Latest Macro Economic Indicators
4. Geopolitical Impact
5. Human Factors
6. Technology Factors
MARKET ASSESSMENT
1. Porters Five Forces Analysis
2. Value Chain Analysis
3. Raw Material Analysis
4. Sales And Distribution Channel Analysis
5. Trade Analysis
6. Patent Analysis
7. M & A Agreements & Collabration Analysis
8. Export Import Analysis
9. Cost Structure Analysis
ESG TRENDS
GLOBAL COLD CHAIN PACKAGING MARKET SIZE ANALYSIS
1. Global Cold Chain Packaging Market Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Insulated Containers
    1. By Value
  3. Refrigerants
    1. By Value
  4. Temperature Monitoring
    1. By Value
3. By End-User
  1. Introduction
    1. End-User By Value
  2. Food
    1. By Value
  3. Dairy
    1. By Value
  4. Pharmaceutical
    1. By Value
  5. Other End-User Applications
    1. By Value
NORTH AMERICA MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Insulated Containers
    1. By Value
  3. Refrigerants
    1. By Value
  4. Temperature Monitoring
    1. By Value
3. By End-User
  1. Introduction
    1. End-User By Value
  2. Food
    1. By Value
  3. Dairy
    1. By Value
  4. Pharmaceutical
    1. By Value
  5. Other End-User Applications
    1. By Value
4. U.S.
  1. By Product
    1. Introduction
      1. Product By Value
    2. Insulated Containers
      1. By Value
    3. Refrigerants
      1. By Value
    4. Temperature Monitoring
      1. By Value
  2. By End-User
    1. Introduction
      1. End-User By Value
    2. Food
      1. By Value
    3. Dairy
      1. By Value
    4. Pharmaceutical
      1. By Value
    5. Other End-User Applications
      1. By Value
5. Canada
EUROPE MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Insulated Containers
    1. By Value
  3. Refrigerants
    1. By Value
  4. Temperature Monitoring
    1. By Value
3. By End-User
  1. Introduction
    1. End-User By Value
  2. Food
    1. By Value
  3. Dairy
    1. By Value
  4. Pharmaceutical
    1. By Value
  5. Other End-User Applications
    1. By Value
4. U.K.
  1. By Product
    1. Introduction
      1. Product By Value
    2. Insulated Containers
      1. By Value
    3. Refrigerants
      1. By Value
    4. Temperature Monitoring
      1. By Value
  2. By End-User
    1. Introduction
      1. End-User By Value
    2. Food
      1. By Value
    3. Dairy
      1. By Value
    4. Pharmaceutical
      1. By Value
    5. Other End-User Applications
      1. By Value
5. Germany
6. France
7. Spain
8. Italy
9. Russia
10. Nordic
11. Benelux
12. Rest Of Europe
APAC MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Insulated Containers
    1. By Value
  3. Refrigerants
    1. By Value
  4. Temperature Monitoring
    1. By Value
3. By End-User
  1. Introduction
    1. End-User By Value
  2. Food
    1. By Value
  3. Dairy
    1. By Value
  4. Pharmaceutical
    1. By Value
  5. Other End-User Applications
    1. By Value
4. China
  1. By Product
    1. Introduction
      1. Product By Value
    2. Insulated Containers
      1. By Value
    3. Refrigerants
      1. By Value
    4. Temperature Monitoring
      1. By Value
  2. By End-User
    1. Introduction
      1. End-User By Value
    2. Food
      1. By Value
    3. Dairy
      1. By Value
    4. Pharmaceutical
      1. By Value
    5. Other End-User Applications
      1. By Value
5. Korea
6. Japan
7. India
8. Australia
9. Taiwan
10. South East Asia
11. Rest Of Asia-Pacific
MIDDLE EAST AND AFRICA MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Insulated Containers
    1. By Value
  3. Refrigerants
    1. By Value
  4. Temperature Monitoring
    1. By Value
3. By End-User
  1. Introduction
    1. End-User By Value
  2. Food
    1. By Value
  3. Dairy
    1. By Value
  4. Pharmaceutical
    1. By Value
  5. Other End-User Applications
    1. By Value
4. UAE
  1. By Product
    1. Introduction
      1. Product By Value
    2. Insulated Containers
      1. By Value
    3. Refrigerants
      1. By Value
    4. Temperature Monitoring
      1. By Value
  2. By End-User
    1. Introduction
      1. End-User By Value
    2. Food
      1. By Value
    3. Dairy
      1. By Value
    4. Pharmaceutical
      1. By Value
    5. Other End-User Applications
      1. By Value
5. Turkey
6. Saudi Arabia
7. South Africa
8. Egypt
9. Nigeria
10. Rest Of MEA
LATAM MARKET ANALYSIS
1. Introduction
2. By Product
  1. Introduction
    1. Product By Value
  2. Insulated Containers
    1. By Value
  3. Refrigerants
    1. By Value
  4. Temperature Monitoring
    1. By Value
3. By End-User
  1. Introduction
    1. End-User By Value
  2. Food
    1. By Value
  3. Dairy
    1. By Value
  4. Pharmaceutical
    1. By Value
  5. Other End-User Applications
    1. By Value
4. Brazil
  1. By Product
    1. Introduction
      1. Product By Value
    2. Insulated Containers
      1. By Value
    3. Refrigerants
      1. By Value
    4. Temperature Monitoring
      1. By Value
  2. By End-User
    1. Introduction
      1. End-User By Value
    2. Food
      1. By Value
    3. Dairy
      1. By Value
    4. Pharmaceutical
      1. By Value
    5. Other End-User Applications
      1. By Value
5. Mexico
6. Argentina
7. Chile
8. Colombia
9. Rest Of LATAM
COMPETITIVE ASSESSMENT
1. Adoption Matrix
2. Cold Chain Packaging Market Share By Manufacturers
3. Cold Chain Packaging Market Ranking By Revenue For Manufacturers
4. Average Price By Manufacturers
5. Vendor Footprint Analysis
MARKET PLAYERS ASSESSMENT
1. Pelican BioThermal LLC
  1. Overview
  2. Business Information
  3. Revenue
  4. ASP
  5. Gross Margin
  6. Swot Analysis
  7. Recent Developmments
2. Sonoco Thermosafe
3. Cold Chain Technologies Inc.
4. Cryopak
5. Sofrigam Company
6. Intelsius (A DGP Company)
7. Coolpix
8. Softbox Systems Ltd
9. Clip-Lok SimPak And Chill-Pak
RESEARCH METHODOLOGY
1. Research Data
  1. Secondary Data
    1. Major Secondary Sources
    2. Key Data From Secondary Sources
  2. Primary Data
    1. Key Data From Primary Sources
    2. Breakdown Of Primaries
  3. Secondary And Primary Research
    1. Key Industry Insights
2. Market Size Estimation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Market Projection
3. Research Assumptions
  1. Assumptions
4. Limitations
5. Risk Assessment
APPENDIX
1. Discussion Guide
2. Customization Options
3. Related Reports
DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/cold-chain-packaging-market/toc

Market News

In September 2022, Peli BioThermal, the partner of the life science industry from discovery to distribution, offered the most modern reusable, customizable temperature-controlled transportation solution. Additionally, Credo Go wants to help pharmaceutical companies reach their cost-cutting targets, operational performance metrics, and environmental, social, and governance objectives. Pelican Products, Inc. "CrdoTM Go combined the tried-and-true Peli BioThermal technology with cutting-edge design innovation to improve payload protection, lengthen component life, and reduce a program's carbon impact.
In April 2022, Peli BioThermal, announced the opening of its newest service facility in Baltimore, Maryland. The company has more than 30 global network stations, service centers, and drop points. Recently opened service centers in China and India are now included in this list.

News Media

Global Advanced Packaging Market Size Worth USD 102,097 Million By 2030 | CAGR of 10%

Global Cold Chain Packaging Market Grows at a Staggering CAGR of 10.70%

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Cold Chain Packaging Market Size is projected to reach USD 55.97 Billion by 2030, growing at a CAGR of 10.70%: Straits Research

Mot-clé

Cold Chain Packaging Market Size is projected to reach USD 55.97 Billion by 2030, growing at a CAGR of 10.70%: Straits Research

Mot-clé

Hyperliens