IMARC Group, a leading market research company, has recently releases report titled “Cold Chain Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cold chain packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the cold chain packaging market?
|Market Size in 2022||US$ 24.6 Billion|
|Market Forecast in 2028||US$ 47.4 Billion|
|Growth rate (2023 to 2028)||CAGR of 11.3%|
|Base Year of the Analysis||2022|
What is cold chain packaging?
Cold chain packaging facilitates the storage, transportation, and distribution of products, such as vaccines, chemicals, lab samples, diagnostic materials, pharmaceuticals, and food items. It relies on insulating materials like refrigerant bricks, gel packs, thermal trolleys, and containers to prevent damage during transportation and ensure the viability of the material. Besides this, it promotes food safety and increases the shelf life of different products. As a result, cold chain packaging solutions find applications in the pharmaceutical and food and beverage (F&B) industries across the globe.
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What are the growth prospects and trends in the cold chain packaging industry?
The significant rise in the need for efficient packaging and transportation of temperature-sensitive products due to the rising prevalence of chronic medical disorders represents one of the key factors influencing the market. In line with this, escalating demand for ready-to-eat (RTE) food due to hectic schedules and changing dietary preferences is increasing the need for special packaging solutions. These packaging materials preserve the chemical values of the packed items and are suitable for contact with citric food items, dairy products, biopharmaceuticals, and several liquids. Apart from this, the development of more complex medicines that are used for hormone treatments also requires transportation at a controlled temperature, which is driving the market. Apart from this, stringent regulations for safe storage and distribution of time- and temperature-sensitive pharmaceutical products (TTSPPs) by World Health Organization (WHO) are offering lucrative growth opportunities to key market players. Furthermore, increasing inclination toward reusable, recyclable, and eco-friendly cold chain packaging solutions is propelling the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Insulated Container and Boxes
- Cold Packs
- Temperature Controlled Pallet Shippers
Breakup by End User:
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Cascades Inc.
- Cold Chain Technologies Inc.
- Cryopak Industries Inc.
- DGP Intelsius Ltd.
- Pelican Products Inc.
- Sealed Air Corporation
- Softbox Systems Ltd. (CSafe Global LLC)
- Sonoco Products Company
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