Cold Chain Packaging Market (By Product: Insulated Container and Boxes, Cold Packs, Crates, Temperature Controlled Pallet Shippers, Labels; By Material: Insulating Materials, Refrigerants; By Application: Dairy Products, Fruit and Pulp Concentrates, Processed Food, Fruits and Vegetables, Bakery and Confectioneries, Pharmaceuticals; Packaging Format: Reusable Packaging and Disposable Packaging) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030

The global cold chain packaging market size was valued at US$ 16.04 billion in 2021 and is expected to surpass around US$ 46.63 billion by 2030, growing at a CAGR of 12.6% during the forecast period 2022 to 2030.

Growth Factors:

Temperature controlling and monitoring has become an essential part of the modern day logistics that ensures the safety and quality of the product during transportation. The key players in the cold chain packaging market are investing in the development of new and efficient products that can effectively tackle the challenges and complexities associated with the cold chain logistics. The efficient cold chain packaging can reduce miscellaneous losses, keeps the product quality intact, and can increase the profit margins. The rapidly surging demand for the cold chain packaging in the food processing industry is expected to drive the growth of the cold chain market significantly during the forecast period. The rising population, increasing personal disposable income, and changing lifestyle of the consumers are some of the prominent factors that are driving the adoption of the cold chain packaging across the various applications. The demand for the packaged food, processed food, and ready-to-eat food products is surging with the changing lifestyle. The various food products such as dairy food products, sea food, meat, frozen fruits, and vegetables require efficient cold chain packaging during storage and transportation. The rising technological advancements in the food packaging is significantly driving the market growth across the globe.

Report Scope of the Cold Chain Packaging Market

Regional Insights

North America was the leading cold chain packaging market that accounted for a revenue share of around 35% in 2021. This growth is attributed to the increased production volumes of meat, processed food, and fruits & vegetables. The demand for these processed and fresh food products is higher in the region. Furthermore, the high standard of living, busy and hectic schedule of the consumers, high disposable income, and increased demand for the packaged food has resulted in the higher demand for the cold chain packaging. Furthermore, the presence of top pharmaceutical companies in the region and the development of several drugs and vaccines that requires cold storage has fueled the adoption of the cold chain packaging in the pharmaceutical sector. The rising health consciousness among the consumers is spurring the demand for the organic food products especially fruits and vegetables, which is expected to drive the growth of the cold chain packaging market.

Asia Pacific is projected to be the most opportunistic market during the forecast period. This growth is attributable to the surging penetration of the top food processing and pharmaceutical companies in the region. Asia Pacific is the home to around 60% of the global population. The presence of huge youth population, rising employment, changing demographics, and rising disposable income are the major factors that are fueling the demand for the processed food. The growing demand for the fruits and vegetables along with the fresh meat and seafood in the region is another prominent driver of the cold chain packaging market in Asia Pacific.

Some of the prominent players in the Cold Chain Packaging Market include:

• Cascades Inc.
• Cold Chain Technologies
• Creopack
• Cryopak A TCP Company
• Intelsius
• Pelican Products, Inc.
• Softbox
• Sofrigam
• Sonoco ThermoSafs
• va-Q-tec

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

By Product

• Insulated Container and Boxes
• Large
• Medium
• Small
• X-Small
• Petite
• Cold Packs
• Crates
• Dairy
• Pharmaceutical
• Fisheries
• Horticulture
• Temperature Controlled Pallet Shippers
• Labels

By Material

• Insulating Materials
• Expanded Polystyrene (EPS)
• Polyurethane rigid foam (PUR)
• Vacuum Insulated Panel (VIP)
• Cryogenic Tanks
• Others
• Refrigerants
• Fluorocarbons
• Hydrocarbon
• Inorganics

By Application

• Dairy Products
• Milk
• Butter
• Cheese
• Ice Cream
• Fruit and Pulp Concentrates
• Fish, Seafood, and Meat
• Processed Food
• Fruits and Vegetables
• Bakery and Confectioneries
• Pharmaceuticals
• Vaccines
• Blood Banking
• Others

By Packaging Format

• Reusable Packaging
• Disposable Packaging

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Cold Chain Packaging Market Study:

• Growth of Cold Chain Packaging in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Cold Chain Packaging and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Cold Chain Packaging Consumption Analysis
•  Cold Chain Packaging Production Analysis
•  Cold Chain Packaging and Management