Cold Chain Packaging Market Synopsis
The Global Market for Cold Chain Packaging Estimated at USD 32.52 Billion In the Year 2023, Is Projected to Reach A Revised Size Of USD 166.83 Billion By 2032, Growing At A CAGR Of 19.92% Over The Forecast Period 2024-2032.
The term "cold chain packaging" refers to a method of transporting and storing goods that maintains a constant temperature from the point of production all the way to their final destination.
- The term "cold chain packaging" refers to a form of packaging that has been developed in order to keep temperature-sensitive goods within a constant temperature range while they are being transported, stored, and distributed. This type of packaging is known as "cold chain packaging."
- This sort of packaging is crucial for items such as vaccines, biologics, and perishable foods, which need to be stored at a specified temperature range to retain their quality and efficacy. Cold chain packaging often consists of insulated materials and refrigerants that serve to regulate and maintain the temperature within a certain range, protecting the goods from temperature extremes that could damage it.
- Cold chain packaging is an essential component of the supply chain for temperature-sensitive products, as it ensures that these products remain safe and effective throughout their journey from manufacturer to end-user.
- Cold chain packaging is very necessary in order to ensure the quality, effectiveness, and safety of temperature-sensitive goods. It is possible for improper temperature regulation to cause the decomposition, deterioration, or loss of efficacy of a product, all of which can be harmful to consumers and result in large financial losses for businesses.
The Cold Chain Packaging Market Trend Analysis
Stronger Demand from Pharmaceutical Industry
- Over the past few years, there has been a consistent increase in the demand for cold chain packaging, which has been predominantly driven by the pharmaceutical industry. This is due to the fact that a lot of drugs and vaccinations are extremely temperature sensitive, and if they are subjected to temperatures that are outside of their prescribed range, they can lose their effectiveness or even become harmful. As a direct consequence of this, pharmaceutical firms are in dire need of specialized packaging that is able to preserve the necessary temperature all the way through the supply chain, from the point of manufacture all the way through to the point where the product is stored.
- Cold chain packaging is produced to maintain items within a certain temperature range. This temperature range is often between 2 and 8 degrees Celsius, although it may vary anywhere from -80 degrees Celsius to 25 degrees Celsius, depending on the product. This type of packing often consists of insulated containers, refrigerants such as gel packs or dry ice, and temperature monitoring equipment to ensure that the temperature is maintained throughout the process of transporting the product.
- In addition to pharmaceuticals, other industries such as food and beverages, and biotechnology also require cold chain packaging for their products. With the increasing importance of temperature-sensitive products, the demand for cold chain packaging is expected to continue to grow in the coming years.
- The increasing total revenue of the global pharmaceutical industry has the potential to promote growth in the market for cold chain packaging. This is due to the fact that pharmaceutical goods, particularly biologics, vaccines, and other temperature-sensitive medications, need to be packaged in a cold chain in order to keep their efficacy and quality maintained while being transported and kept in storage.
Increasing Adoption Of More Advanced Manufacturing Processes
- The cold chain packaging business has an excellent opportunity to expand as advanced production methods become the norm. Specialized packaging solutions that can fulfill the demands of more complicated and sensitive products are becoming more and more important in the industrial sector as time goes on.
- Biologics and customized medicine are two examples of goods that require specific cold chain packaging to ensure their quality and safety during shipping. There are typically extremely specific temperature requirements for these items that must be met from the time they are first conceived of in the design phase all the way through to the time they are delivered to the customer. Therefore, there is a high need for innovative cold-chain packaging options that can cater to these specifications.
- Additionally, new opportunities for cold chain packaging are emerging due to the growing prevalence of automation and robots in the production process. The improved precision and accuracy made possible by these technologies is crucial for the manufacture of high-quality temperature-sensitive goods.
- In summary, the increasing adoption of more advanced manufacturing processes presents a significant opportunity for the cold chain packaging market. As manufacturers continue to produce more complex and sensitive products, the demand for specialized cold-chain packaging solutions will continue to grow.
Segmentation Analysis Of The Cold Chain Packaging Market
Cold Chain Packaging market segments cover the Product Type, Application. By Product Type, the Pallet Shippers are Anticipated to Dominate the Market Over the Forecast period.
- According to Research, the pallet shippers’ segment would lead the market by accounting for more than 36% of the market share.
- These products are used for seasonal and universal temperature protection coverage, thereby giving them an advantage over other cold packaging solutions. These are generally large-capacity shipping systems that are both effective and reusable. Besides, they are compact and light, which further reduces transport costs. Due to their exceptional occupancy capacity ratio and low volumetric weight, these containers are prominently used for frozen, refrigerated, or controlled room temperature shipments, transporting farm produce, processed agricultural products, pharmaceutical drugs, and many others.
Regional Analysis of The Cold Chain Packaging Market
Europe is Expected to Dominate the Market Over the Forecast Period.
- Europe is expected to dominate the cold chain packaging market in the coming years. This is due to several factors, including the region's strong pharmaceutical and biotech industries, strict regulatory requirements, and growing demand for temperature-controlled logistics solutions.
- Additionally, there are significant differences in the temperature profile from nation to country across Europe. Transporting items that must be kept at a specific temperature necessitates the use of sophisticated temperature monitoring and packing technologies. As a result of their economies' growth and development, the nations of Central and Eastern Europe are predicted to provide numerous expansion chances in comparison to the West. Frozen and chilled varieties of fruits, vegetables, meat, fish, and milk products make up a significant portion of Germany's total food imports. Thanks to rising consumer awareness of the need for a balanced diet and an overall improvement in their health, the packaged food business continues to grow in the country.
- Moreover, Germany is regarded as the leader in the food and beverage market in Europe, which strongly supports the growth of the cold packaging business in the region.
Top Key Players Covered in The Cold Chain Packaging Market
- Cold Chain Technologies (U.S.)
- Peli BioThermal (U.S.)
- Orora Group (Australia)
- Sonoco ThermoSafe (U.S.)
- CREOPACK (Canada)
- Sofrigam (France)
- Intelsius (U.K.)
- Nordic Cold Chain Solutions (U.S.)
- Tempack (Spain)
- Cryopak (U.S.)
- Softbox Systems (U.K.)
- Sealed Air Corporation (U.S.) And Other Major Players
Key Industry Developments in the Cold Chain Packaging Market
- In March 2024, Cold Chain Technologies, LLC and Cellbox Solutions GmbH announced a partnership to bolster Cellbox's offerings in the U.S., aiming to improve the transportation of various cells for medical applications like cell and gene therapy, tissue engineering, and organ-on-a-chip research in fields such as oncology and cardiology.
- In October 2023, Cold Chain Technologies, LLC, a top company in thermal packaging for temperature-sensitive products in the pharmaceutical and biotechnology sectors successfully acquired Exeltainer, SL. Exeltainer is an international company that offers thermal packaging solutions and has production sites in both Spain and Brazil. This acquisition boosts CCT's worldwide presence and improves its capacity to provide innovative thermal packaging solutions globally. The details of the deal were not revealed.
- In December2023: Isobox, a leading provider of cold chain packaging solutions, announced the launch of its new line of reusable thermal containers specifically designed for the pharmaceutical industry. These containers offer enhanced temperature control and extended shelf life for sensitive drug products, catering to the growing demand for sustainable cold chain solutions in healthcare.
Global Cold Chain Packaging Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 32.52 Billion. |
Forecast Period 2024-32 CAGR: |
19.92% |
Market Size in 2032: |
USD 166.83 Billion. |
Segments Covered: |
By Product Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Cold Chain Packaging Market by Product Type
5.1 Cold Chain Packaging Market Overview Snapshot and Growth Engine
5.2 Cold Chain Packaging Market Overview
5.3 EPS Containers
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 EPS Containers: Geographic Segmentation
5.4 PUR Containers
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 PUR Containers: Geographic Segmentation
5.5 Pallet Shippers
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Pallet Shippers: Geographic Segmentation
5.6 Vacuum Insulated Panels
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Vacuum Insulated Panels: Geographic Segmentation
5.7 Others
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Others: Geographic Segmentation
Chapter 6: Cold Chain Packaging Market by Application
6.1 Cold Chain Packaging Market Overview Snapshot and Growth Engine
6.2 Cold Chain Packaging Market Overview
6.3 Food
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Food: Geographic Segmentation
6.4 Dairy
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Dairy: Geographic Segmentation
6.5 Pharmaceutical
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Pharmaceutical: Geographic Segmentation
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Geographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Cold Chain Packaging Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Cold Chain Packaging Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Cold Chain Packaging Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 COLD CHAIN TECHNOLOGIES (U.S.)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 PELI BIOTHERMAL (U.S.)
7.4 ORORA GROUP (AUSTRALIA)
7.5 SONOCO THERMOSAFE (U.S.)
7.6 CREOPACK (CANADA)
7.7 SOFRIGAM (FRANCE)
7.8 INTELSIUS (U.K.)
7.9 NORDIC COLD CHAIN SOLUTIONS (U.S.)
7.10 TEMPACK (SPAIN)
7.11 CRYOPAK (U.S.)
7.12 SOFTBOX SYSTEMS (U.K.)
7.13 SEALED AIR CORPORATION (U.S.)
7.14 OTHER MAJOR PLAYERS
Chapter 8: Global Cold Chain Packaging Market Analysis, Insights and Forecast, 2017-2032
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Product Type
8.2.1 EPS Containers
8.2.2 PUR Containers
8.2.3 Pallet Shippers
8.2.4 Vacuum Insulated Panels
8.2.5 Others
8.3 Historic and Forecasted Market Size By Application
8.3.1 Food
8.3.2 Dairy
8.3.3 Pharmaceutical
8.3.4 Others
Chapter 9: North America Cold Chain Packaging Market Analysis, Insights and Forecast, 2017-2032
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Product Type
9.4.1 EPS Containers
9.4.2 PUR Containers
9.4.3 Pallet Shippers
9.4.4 Vacuum Insulated Panels
9.4.5 Others
9.5 Historic and Forecasted Market Size By Application
9.5.1 Food
9.5.2 Dairy
9.5.3 Pharmaceutical
9.5.4 Others
9.6 Historic and Forecast Market Size by Country
9.6.1 US
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Eastern Europe Cold Chain Packaging Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Product Type
10.4.1 EPS Containers
10.4.2 PUR Containers
10.4.3 Pallet Shippers
10.4.4 Vacuum Insulated Panels
10.4.5 Others
10.5 Historic and Forecasted Market Size By Application
10.5.1 Food
10.5.2 Dairy
10.5.3 Pharmaceutical
10.5.4 Others
10.6 Historic and Forecast Market Size by Country
10.6.1 Bulgaria
10.6.2 The Czech Republic
10.6.3 Hungary
10.6.4 Poland
10.6.5 Romania
10.6.6 Rest of Eastern Europe
Chapter 11: Western Europe Cold Chain Packaging Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Product Type
11.4.1 EPS Containers
11.4.2 PUR Containers
11.4.3 Pallet Shippers
11.4.4 Vacuum Insulated Panels
11.4.5 Others
11.5 Historic and Forecasted Market Size By Application
11.5.1 Food
11.5.2 Dairy
11.5.3 Pharmaceutical
11.5.4 Others
11.6 Historic and Forecast Market Size by Country
11.6.1 Germany
11.6.2 UK
11.6.3 France
11.6.4 Netherlands
11.6.5 Italy
11.6.6 Russia
11.6.7 Spain
11.6.8 Rest of Western Europe
Chapter 12: Asia Pacific Cold Chain Packaging Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Product Type
12.4.1 EPS Containers
12.4.2 PUR Containers
12.4.3 Pallet Shippers
12.4.4 Vacuum Insulated Panels
12.4.5 Others
12.5 Historic and Forecasted Market Size By Application
12.5.1 Food
12.5.2 Dairy
12.5.3 Pharmaceutical
12.5.4 Others
12.6 Historic and Forecast Market Size by Country
12.6.1 China
12.6.2 India
12.6.3 Japan
12.6.4 South Korea
12.6.5 Malaysia
12.6.6 Thailand
12.6.7 Vietnam
12.6.8 The Philippines
12.6.9 Australia
12.6.10 New Zealand
12.6.11 Rest of APAC
Chapter 13: Middle East & Africa Cold Chain Packaging Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Product Type
13.4.1 EPS Containers
13.4.2 PUR Containers
13.4.3 Pallet Shippers
13.4.4 Vacuum Insulated Panels
13.4.5 Others
13.5 Historic and Forecasted Market Size By Application
13.5.1 Food
13.5.2 Dairy
13.5.3 Pharmaceutical
13.5.4 Others
13.6 Historic and Forecast Market Size by Country
13.6.1 Turkey
13.6.2 Bahrain
13.6.3 Kuwait
13.6.4 Saudi Arabia
13.6.5 Qatar
13.6.6 UAE
13.6.7 Israel
13.6.8 South Africa
Chapter 14: South America Cold Chain Packaging Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Product Type
14.4.1 EPS Containers
14.4.2 PUR Containers
14.4.3 Pallet Shippers
14.4.4 Vacuum Insulated Panels
14.4.5 Others
14.5 Historic and Forecasted Market Size By Application
14.5.1 Food
14.5.2 Dairy
14.5.3 Pharmaceutical
14.5.4 Others
14.6 Historic and Forecast Market Size by Country
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Cold Chain Packaging Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 32.52 Billion. |
Forecast Period 2024-32 CAGR: |
19.92% |
Market Size in 2032: |
USD 166.83 Billion. |
Segments Covered: |
By Product Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Cold Chain Packaging Market research report is 2024-2032.
Cold Chain Technologies (U.S.), Peli BioThermal (U.S.), Orora Group (Australia), Sonoco ThermoSafe (U.S.), CREOPACK (Canada), Sofrigam (France), Intelsius (U.K.), Nordic Cold Chain Solutions (U.S.), Tempack (Spain), Cryopak (U.S.), Softbox Systems (U.K.), Sealed Air Corporation (U.S.) And Other Major Players.
The Cold Chain Packaging Market has been segmented into Product Type, Application, and region. By Product Type, the market is categorized into EPS Containers, PUR Containers, Pallet Shippers, Vacuum Insulated Panels, and Others. By Application, the market is categorized into Food, Dairy, Pharmaceutical, and Others. By region, it is analyzed across North America (US, Canada, Mexico), Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
The term "cold chain packaging" refers to a form of packaging that has been developed in order to keep temperature-sensitive goods within a constant temperature range while they are being transported, stored, and distributed. This type of packaging is known as "cold chain packaging.
The Global Market for Cold Chain Packaging Estimated at USD 32.52 Billion In the Year 2023, Is Projected to Reach A Revised Size Of USD 166.83 Billion By 2032, Growing At A CAGR Of 19.92% Over The Forecast Period 2024-2032.