The global cold chain packaging market is anticipated to reach USD 26.1 billion in 2023. It is set to continue to expand at a CAGR of 14.8% between 2023 and 2033. The market is likely to be valued at USD 103.7 billion in 2033. Top 5 businesses were estimated to control around 15% to 20% of the market in 2022, which is expected to boost sales of cold chain packaging.
Through the end of 2023, the category of phase change cold storage products is anticipated to represent around 55% of all cold chain packaging products marketed globally. Demand for frozen food is rising, which has led to increasing phase change cold storage. It is mainly utilized for frozen food exports or imports worldwide.
The cold chain packaging industry is expected to hold around 2 to 3% of the global packaging market, which is likely to be worth USD 980 billion in 2023. In 2022, revenue of the global market reached USD 22.8 billion.
With surging demand for temperature controlled packaging and rising trade of temperature sensitive products, the global cold chain packaging industry is projected to create an absolute dollar opportunity of USD 80.9 billion in the next ten years.
The target market has a chance to expand as a result of cold chain packaging makers implementing cutting-edge technologies to improve safety and temperature monitoring. During the projected period, it is expected that the market for cold chain packaging will increase by 4.0 times its current market value.
Over the next ten years, the cold chain packaging industry is expected to be dominated by Europe. The region is predicted to account for about 28% of global sales. Distribution of pharmaceuticals and food products throughout the region has increased the need for dependable cold chain packaging solutions.
| Attributes | Key Insights |
|---|---|
| Cold Chain Packaging Market Estimated Size (2023E) | USD 26.1 billion |
| Projected Market Valuation (2033F) | USD 103.7 billion |
| Value-based CAGR (2023 to 2033) | 14.8% |
| Collective Value Share: Top 5 Companies (2022A) | 15 to 20% |
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The global cold chain packaging market witnessed a CAGR of 13.8% during the historical period. It reached a valuation of USD 22.8 billion in 2022 from USD 9.1 billion in 2015. A system of packing and shipping goods that maintains a constant temperature from the point of manufacture to the ultimate destination is known as cold chain packaging. Cold chain packaging options include shippers, containers, foam blocks, gel packs, protective packaging, and phase change cold storage items.
These are specifically designed to maintain a regulated temperature environment to minimize exposure of the packaged product during travel. These cold chain packaging materials ensure a consistent temperature regardless of the transit mode, route, or condition. They take into account several logistical and legal restrictions that continue to apply to transportation of perishable goods via cold chain.
Manufacturers in the sector spend a lot of money on research and development to create temperature-efficient and affordable solutions. It has the advantages of high acceptance (universal solutions), short bench times, and ease of use. These solutions also satisfy the needs of executives in the food & beverage, pharmaceutical, cosmetics & personal care, and chemical industries, among others.
Food and pharmaceutical safety have always been top priorities. But recent developments and strict regulatory requirements have raised the need for safe packaging to ensure quality of goods. Businesses have geared themselves for regulatory expansion and improved cold chain capabilities as a result of regulatory changes.
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 14.3% |
| Jul to Dec (H2), 2022 (A) | 13.8% |
| Jan to Jun (H1),2022 Projected (P) | 14.4% |
| Jan to Jun (H1),2022 Outlook (O) | 14.7% |
| Jul to Dec (H2), 2022 Outlook (O) | 14.6% |
| Jul to Dec (H2), 2022 Projected (P) | 14.1% |
| Jan to Jun (H1), 2023 Projected (P) | 14.2% |
| BPS Change : H1,2022 (O) to H1,2022 (P) | 30 ↑ |
| BPS Change : H1,2022 (O) to H1,2021 (A) | 40 ↑ |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | 60 ↑ |
| BPS Change: H2, 2022 (O) to H2, 2022 (A) | 90 ↑ |
High Demand for Reusable Shippers to Bolster Sales of Cool Chain Packaging Solutions
Consumers and healthcare systems are putting a lot of pressure on the food & beverage and pharmaceutical industries to cut expenses. It would result in great pricing pressure on suppliers of packaging solutions. Customers are likely to favor products that maximize efficiency without sacrificing quality requirements.
Despite having a strong knowledge about the need for cost reduction and environmental impact of packaging materials, several firms have been hesitant to enter the market for reusable, recyclable shipper containers. This is mainly attributed to numerous challenges involved in creating closed-loop or reverse logistics systems.
This necessitates a strong infrastructure and a broad geographic reach. Reusable shippers with phase-change components enable the highest possible payload area use. This is so that dry ice won't take up any space. Few pharmaceutical businesses assert that adopting reusable shippers can increase their payload capacity by about 25% while lowering system weight.
Packaging solution providers are being pushed by a global trend toward reusable shippers to create a robust closed loop system. Companies that have largely ignored or been sluggish toward this area should be aware of this potential and obtain a huge competitive advantage.
| Country | USA |
|---|---|
| Market Share (in 2023) | 22.5% |
| Market Share (in 2033) | 17.3% |
| Basis Points (BPS) Analysis | -520 |
| Country | China |
|---|---|
| Market Share (in 2023) | 6.6% |
| Market Share (in 2033) | 10.1% |
| Basis Points (BPS) Analysis | 350 |
| Country | Germany |
|---|---|
| Market Share (in 2023) | 6.5% |
| Market Share (in 2033) | 5.2% |
| Basis Points (BPS) Analysis | -130 |
| Country | Japan |
|---|---|
| Market Share (in 2023) | 5.7% |
| Market Share (in 2033) | 8.5% |
| Basis Points (BPS) Analysis | 280 |
| Country | Canada |
|---|---|
| Market Share (in 2023) | 5.0% |
| Market Share (in 2033) | 4.4% |
| Basis Points (BPS) Analysis | -60 |
Rising Purchase of Grocery Items through Online Stores in the USA to Fuel Cold Chain Package Sales
Over the projection period, there will likely be a steady demand for cold chain packaging in the USA. According to Future Market Insights, it would likely dominate 80% of the market by 2023. Online grocery shopping is one of the main drivers of growth and will significantly increase demand for cold chain packaging.
Online retailers serve the packaged food needs of customers in the USA. Online grocery shopping is likely to cost an individual a significant amount of perishable goods. It is also projected that this will increase demand for cold chain storage and packaging solutions.
According to Texas Health and Human Services, sanitary transportation rule mandates the implementation of procedures to guarantee food safety by receivers, shippers, loaders, and carriers. They are engaged in the transportation and shipment of animal or human food. It enables parties to decide on the application of best practices to guarantee food safety. Use of temperature-controlled shipping and transit has expanded as a result of these rules.
Increasing Demand for Biological Products in Germany to Bolster Sales of Sustainable Cold Chain Packaging
The market for cold chain packaging in Germany is estimated to rise by 3.6 times its present rate between 2023 and 2033. The fourth-biggest pharmaceutical market in the world and the largest in Europe will both be in Germany. High demand for pharmaceutical and biological product packaging and transportation would result from the nation's extremely desirable location for clinical trials and research.
In comparison to other nations in Europe, Germany spends exponentially per person on medical management, according to the Organization for Economic Co-operation and Development (OECD). Owing to the aging population and high incidence of chronic diseases, the percentage of spending on healthcare has surged since 2000, and is anticipated to continue to rise.
The pharmaceutical industry's expansion is probably what will propel the cold chain packaging market. Technology and innovation are anticipated to be important factors in the market. Tracking and tracing process will be improved by telematics, temperature sensors, cloud computing, and data loggers. which will ensure the safety of pharmaceutical supplies.
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Demand for Cold Packaging Solutions Equipped with Phase Change Materials to Skyrocket
The phase change materials (PCMs) segment is projected to hold around half of the market by 2033. For passive packaging of food and medicines that must maintain a certain temperature, dry ice has been widely employed as a coolant.
However, dry ice generates highly concentrated carbon dioxide fumes when not handled carefully, making it hazardous. In turn, high worldwide carbon emissions are anticipated. Various temperature controlled packaging solution suppliers have begun selling packaging solutions using such materials as a result of development of affordable inorganic phase change materials (PCMs).
These phase transition substances are non-toxic, non-flammable, and hazardous. They are reusable with stability over thousands of cycles and need less energy to freeze. Phase change materials used in thermal packaging offer significant cost savings that obviously outweigh any drawbacks. Phase transition materials' cost, availability, and compatibility with different types of materials are all key obstacles to their widespread use.
Few prominent companies such as Sonoco, Tempack, Cold Chain Technology, Sofrigam, and Intelsius offer phase change material-based packaging solutions. With technological advancement and research work going in this space, product innovation and dropping prices are anticipated to drive the market.
Surging Demand for Frozen Food Items to Drive Sales of Cold Chain Containers
During the projected period, the food segment is expected to generate a growth potential worth USD 17 billion. As a result of rising frozen food demand, insulated transport containers are becoming immensely common.
These are mainly employed for the bulk import or export of frozen foods or fruits across international borders. However, insulated containers, dry ice, or other coolants are progressively becoming recognized in the market as a viable and economical alternative for small quantities and local delivery.
Over the past few years, significant developments in packaging techniques have allowed frozen goods to remain safe for consumption even after a lengthy time. Government laws that are too strict have encouraged packaging solution innovation. They make it possible to preserve the quality of frozen food for a long time.
During travel and storage, insulated containers are essential for controlling the temperature of food products. It increases the shelf-life of frozen food items. Sales of insulated containers are rising in tandem with expansion of the frozen food and fruit markets.
Business alliances with technology partners are the emphasis of cold chain packaging market players. Cold chain packaging suppliers are anticipated to gain from significant investments in technologies such as cloud computing and internet of things solutions in a variety of ways. These enhancements promise superior cold chain packaging solutions in terms of control, visibility, and transparency.
Few of the recent development by leading players are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 26.1 billion |
| Estimated Market Size (2023) | USD 103.7 billion |
| Value-based CAGR (2023 to 2033) | 14.8% |
| Historical Data | 2015 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD billion) and Volume (Tons) |
| Segment Covered | Product Type, Material Type, Packaging Formats, End Use, Region |
| Regions Covered | North America; Latin America; Europe; Middle East and Africa; East Asia;South Asia;Oceania |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, Poland, Türkiye, South Africa, Gulf Cooperation Council Countries, South Korea, China, Japan, South Korea, India, Australia, New Zealand |
| Key Companies Profiled | Sonoco ThermoSafe; Pelican Products, Inc.; Sofrigam SAS; Cryopak Industries Inc.; CSafe Global, LLC; Softbox Systems Ltd.; TOWER Cold Chain Solutions; DGP Intelsius LLC; TemperPack Technologies, Inc.; Tempack Packaging Solutions SL; Dokasch Temperature Solutions; Cold Chain Technologies; Insulated Products Corporation.; Engineered Packaging, Inc. dba Chill-Pak; CoolPac; Sealed Air Corporation; United Parcel Service of America, Inc.; Orora Packaging Solutions.; Global Cold Chain Solutions.; Thermal Packaging Solutions Ltd.; Emballages Cre-O-Pack Intl; Nordic Cold Chain Solutions; The Illuminate Group; Global Cooling Inc.; Inmark LLC; Envirotainer AB; Sofrigam SAS; Chill-Pak; Snyder Industries Inc.; DGP Intelsius LLC; Orora Packaging Solutions; Vericool, Inc.; Va-Q-tec USA Inc.; Emball’iso; Tamai Kasei Co., Ltd. |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
A CAGR of 14.8% is predicted for the coming years.
An estimated USD 22.8 billion market value was predicted for 2022.
The polymer segment type is expected to grow in the market.
The market acquired a 40.9% market share in 2023.
DGP Intelsius LLC and CoolPac are key players.
| Estimated Size, 2025 | USD 13.8 billion |
|---|---|
| Projected Size, 2035 | USD 23.6 billion |
| Value-based CAGR (2025 to 2035) | 5.5% |
| Market Size (2024) | USD 4.8 billion |
|---|---|
| Market Value (2034) | USD 7.7 billion |
| Market Projected Growth Rate (2024 to 2034) | 4.8% CAGR |
| Market Size Value (2023) | USD 15,176.2 million |
|---|---|
| Market Size Value (2033) | USD 60,100.9 million |
| Market Growth Rate (2023 to 2033) | 14.8% |
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Cold Chain Packaging Market
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