Cold Chain Packaging Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Product ; By Material ; By Application ; By Packaging ; By Region

Description

Global Cold Chain Packaging Market Size Set to Touch USD 43.38 billion by 2029

Global cold chain packaging market is flourishing because of increasing pharmaceutical sector, high demand from food industry, rising concerns for privacy, and growing adoption of cold chain packaging technology in mobile devices

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global cold chain packaging market size at USD 22.71 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global cold chain packaging market size to grow at a significant CAGR of 9.81% reaching a value of USD 43.38 billion by 2029. Major growth drivers for the global cold chain packaging market include an increased globalization of trade, expanding pharmaceutical and healthcare sectors, growing demand for convenience foods, and stricter regulations regarding product safety and quality. The adoption of cold chain packaging by governments and the surge in e-commerce have propelled the global market. Insulated packaging, driven by smaller e-commerce and food delivery formats, is witnessing strong sales for perishable items. The pandemic-induced behavioral changes, like leaving packages outdoors, have further increased the demand for cold chain packaging solutions. These solutions are crucial for global trade in perishable products and ensuring food and health supplies worldwide. Rising consumer demand, international trade growth, and stringent regulations such as the Food Safety Modernization Act are driving market expansion. Also, industrial sectors like medical devices and pharmaceuticals contribute to the market's growth. Overall, the global cold chain packaging market is thriving due to its essential role in preserving product integrity and meeting evolving consumer needs. Hence, such aspects are expected to boost the expansion of overall market during the forecast period. However, High costs of raw materials and initial investment in developing the cold chain packaging infrastructure are anticipated to restrain the growth of global cold chain packaging market during the period in analysis.

Global Cold Chain Packaging Market - Overview:

The global cold chain packaging market refers to the industry involved in the production and supply of packaging solutions specifically designed for temperature-sensitive products during transportation and storage. These packaging solutions are essential for maintaining the integrity, quality, and safety of perishable goods, such as food, pharmaceuticals, and biotechnology products, by controlling and preserving their temperature within a specified range. The market encompasses a range of packaging types, including insulated shippers, containers, refrigerants, and temperature-controlled packaging systems. It serves various sectors, including food and beverages, pharmaceuticals and healthcare, chemicals, and others. The market's growth is driven by factors such as increasing globalization of trade, expanding pharmaceutical and healthcare sectors, growing demand for convenience foods, and stricter regulations regarding product safety and quality.

Impact of COVID-19 on Global Cold Chain Packaging Market

COVID-19 pandemic had a dual impact on the global cold chain packaging market. The increased demand for cold chain packaging solutions, particularly in the healthcare and pharmaceutical sectors, has been driven by the need for temperature-controlled packaging for vaccines and medical supplies. However, supply chain disruptions caused by lockdown measures and travel restrictions have posed logistical challenges, emphasizing the importance of efficient cold chain packaging and logistics systems. Consumer behavior shifts towards e-commerce and home deliveries have further fueled the demand for cold chain packaging to ensure the safe and fresh delivery of perishable goods. Stringent regulatory requirements regarding product safety and quality have also heightened the need for compliant packaging solutions. The pandemic has accelerated innovation, leading to advancements such as temperature-monitoring devices and sustainable materials. Overall, the COVID-19 pandemic has highlighted the crucial role of cold chain packaging in ensuring the safe and efficient distribution of temperature-sensitive products while driving market growth and adaptation.

Global Cold Chain Packaging Market - By Application:

Based on application, the global cold chain packaging market is divided into Fruits & Vegetables, Dairy Products, Fish, Meat & Seafood, Processed Food, Pharmaceuticals, and Bakery & Confectionaries segments. The meat & seafood segment held the highest market share. The increasing global demand for meat and seafood, coupled with the growing production of these products worldwide, is driving the need for cold chain packaging. The natural bio-physiochemical changes that occur in meat and fish products make the adoption of cold chain packaging crucial in the fish, seafood, and meat sector. It is imperative to strictly maintain the freshness of meat products until they reach consumers. Hence, the higher demand for cold chain packaging in this sector is driven by the increased need to preserve the quality and freshness of meat products. Meanwhile, the processed food segment is expected to hold the highest market share during the forecast period. Developed nations already have a higher demand for processed food products such as chocolates, canned food, pickles, jams, and canned meat, and this demand is rapidly increasing in developing countries as well. The presence of large populations in developing nations, along with rising disposable incomes, is fueling the demand for processed food among consumers. Ready-to-cook and ready-to-eat food products are gaining rapid popularity among consumers, which is expected to drive the growth of this segment in the near future.

Competitive Landscape:

Major players operating in the global cold chain packaging market include: Cascades Inc., Cold Chain Technologies, Creopack, Cryopak A TCP Company, Intelsius, Pelican Products Inc., Softbox, Sofrigam, Sonoco ThermoSafe, va-Q-tec, AG Sonoco ThermoSafe, and Softbox. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Cold Chain Packaging Market . It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Cold Chain Packaging Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23478

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Cold Chain Packaging Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Growth and expansion of pharmaceutical sector
  - 3.2.1.2. Increasing demand from food industry
  - 3.2.1.3. Growing concerns for privacy
  - 3.2.1.4. Increasing adoption of Cold Chain Packaging technology in mobile devices
- 3.2.2. Restraints
  - 3.2.2.1. High costs of raw materials
  - 3.2.2.2. High initial investment in developing the cold chain packaging infrastructure
- 3.2.3. Opportunities
  - 3.2.3.1. Surge in usage to pack temperature-sensitive pharmaceutical products
  - 3.2.3.2. Expansion of Rental Businesses
- 3.2.4. Challenges
  - 3.2.4.1. Lack of knowledge regarding cold chain packaging
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Cold Chain Packaging Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share and Forecast
- 4.2.1. By Product
  - 4.2.1.1. Crates
  - 4.2.1.2. Insulated Container & Boxes
  - 4.2.1.3. Cold Packs
  - 4.2.1.4. Labels
  - 4.2.1.5. Temperature Controlled Pallet Shippers
- 4.2.2. By Material
  - 4.2.2.1. Insulating Material
  - 4.2.2.1.1. Expanded Polystyrene (EPS)
  - 4.2.2.1.2. Polyurethane rigid foam (PUR)
  - 4.2.2.1.3. Vacuum Insulated Panel (VIP)
  - 4.2.2.1.4. Cryogenic Tanks
  - 4.2.2.1.5. Others
  - 4.2.2.2. Refrigerants
  - 4.2.2.2.1. Fluorocarbons
  - 4.2.2.2.2. Inorganics
  - 4.2.2.3. Hydrocarbon
- 4.2.3. By Application
  - 4.2.3.1. Fruits & Vegetables
  - 4.2.3.2. Dairy Products
  - 4.2.3.3. Fish, Meat & Seafood
  - 4.2.3.4. Processed Food
  - 4.2.3.5. Pharmaceuticals
  - 4.2.3.6. Bakery & Confectionaries
  - 4.2.3.7. Others
- 4.2.4. By Packaging
  - 4.2.4.1. Reusable Packaging
  - 4.2.4.2. Disposable Packaging
- 4.2.5. By Region
  - 4.2.5.1. North America
  - 4.2.5.2. Europe
  - 4.2.5.3. Asia Pacific (APAC)
  - 4.2.5.4. Latin America (LATAM)
  - 4.2.5.5. Middle East and Africa (MEA)

5. North America Cold Chain Packaging Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.2. By Material
- 5.2.3. By Application
- 5.2.4. By Packaging
- 5.2.5. By Country
  - 5.2.5.1. United States
  - 5.2.5.1.1. By Product
  - 5.2.5.1.2. By Material
  - 5.2.5.1.3. By Application
  - 5.2.5.1.4. By Packaging
  - 5.2.5.2. Canada
  - 5.2.5.2.1. By Product
  - 5.2.5.2.2. By Material
  - 5.2.5.2.3. By Application
  - 5.2.5.2.4. By Packaging

6. Europe Cold Chain Packaging Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Material
- 6.2.3. By Application
- 6.2.4. By Packaging
- 6.2.5. By Country
  - 6.2.5.1. Germany
  - 6.2.5.1.1. By Product
  - 6.2.5.1.2. By Material
  - 6.2.5.1.3. By Application
  - 6.2.5.1.4. By Packaging
  - 6.2.5.2. United Kingdom
  - 6.2.5.2.1. By Product
  - 6.2.5.2.2. By Material
  - 6.2.5.2.3. By Application
  - 6.2.5.2.4. By Packaging
  - 6.2.5.3. Italy
  - 6.2.5.3.1. By Product
  - 6.2.5.3.2. By Material
  - 6.2.5.3.3. By Application
  - 6.2.5.3.4. By Packaging
  - 6.2.5.4. France
  - 6.2.5.4.1. By Product
  - 6.2.5.4.2. By Material
  - 6.2.5.4.3. By Application
  - 6.2.5.4.4. By Packaging
  - 6.2.5.5. Spain
  - 6.2.5.5.1. By Product
  - 6.2.5.5.2. By Material
  - 6.2.5.5.3. By Application
  - 6.2.5.5.4. By Packaging
  - 6.2.5.6. Belgium
  - 6.2.5.6.1. By Product
  - 6.2.5.6.2. By Material
  - 6.2.5.6.3. By Application
  - 6.2.5.6.4. By Packaging
  - 6.2.5.7. Russia
  - 6.2.5.7.1. By Product
  - 6.2.5.7.2. By Material
  - 6.2.5.7.3. By Application
  - 6.2.5.7.4. By Packaging
  - 6.2.5.8. The Netherlands
  - 6.2.5.8.1. By Product
  - 6.2.5.8.2. By Material
  - 6.2.5.8.3. By Application
  - 6.2.5.8.4. By Packaging
  - 6.2.5.9. Rest of Europe
  - 6.2.5.9.1. By Product
  - 6.2.5.9.2. By Material
  - 6.2.5.9.3. By Application
  - 6.2.5.9.4. By Packaging

7. Asia Pacific Cold Chain Packaging Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Material
- 7.2.3. By Application
- 7.2.4. By Packaging
- 7.2.5. By Country
  - 7.2.5.1. China
  - 7.2.5.1.1. By Product
  - 7.2.5.1.2. By Material
  - 7.2.5.1.3. By Application
  - 7.2.5.1.4. By Packaging
  - 7.2.5.2. India
  - 7.2.5.2.1. By Product
  - 7.2.5.2.2. By Material
  - 7.2.5.2.3. By Application
  - 7.2.5.2.4. By Packaging
  - 7.2.5.3. Japan
  - 7.2.5.3.1. By Product
  - 7.2.5.3.2. By Material
  - 7.2.5.3.3. By Application
  - 7.2.5.3.4. By Packaging
  - 7.2.5.4. South Korea
  - 7.2.5.4.1. By Product
  - 7.2.5.4.2. By Material
  - 7.2.5.4.3. By Application
  - 7.2.5.4.4. By Packaging
  - 7.2.5.5. Australia & New Zealand
  - 7.2.5.5.1. By Product
  - 7.2.5.5.2. By Material
  - 7.2.5.5.3. By Application
  - 7.2.5.5.4. By Packaging
  - 7.2.5.6. Indonesia
  - 7.2.5.6.1. By Product
  - 7.2.5.6.2. By Material
  - 7.2.5.6.3. By Application
  - 7.2.5.6.4. By Packaging
  - 7.2.5.7. Malaysia
  - 7.2.5.7.1. By Product
  - 7.2.5.7.2. By Material
  - 7.2.5.7.3. By Application
  - 7.2.5.7.4. By Packaging
  - 7.2.5.8. Singapore
  - 7.2.5.8.1. By Product
  - 7.2.5.8.2. By Material
  - 7.2.5.8.3. By Application
  - 7.2.5.8.4. By Packaging
  - 7.2.5.9. Vietnam
  - 7.2.5.9.1. By Product
  - 7.2.5.9.2. By Material
  - 7.2.5.9.3. By Application
  - 7.2.5.9.4. By Packaging
  - 7.2.5.10. Rest of APAC
  - 7.2.5.10.1. By Product
  - 7.2.5.10.2. By Material
  - 7.2.5.10.3. By Application
  - 7.2.5.10.4. By Packaging

8. Latin America Cold Chain Packaging Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Material
- 8.2.3. By Application
- 8.2.4. By Packaging
- 8.2.5. By Country
  - 8.2.5.1. Brazil
  - 8.2.5.1.1. By Product
  - 8.2.5.1.2. By Material
  - 8.2.5.1.3. By Application
  - 8.2.5.1.4. By Packaging
  - 8.2.5.2. Mexico
  - 8.2.5.2.1. By Product
  - 8.2.5.2.2. By Material
  - 8.2.5.2.3. By Application
  - 8.2.5.2.4. By Packaging
  - 8.2.5.3. Argentina
  - 8.2.5.3.1. By Product
  - 8.2.5.3.2. By Material
  - 8.2.5.3.3. By Application
  - 8.2.5.3.4. By Packaging
  - 8.2.5.4. Peru
  - 8.2.5.4.1. By Product
  - 8.2.5.4.2. By Material
  - 8.2.5.4.3. By Application
  - 8.2.5.4.4. By Packaging
  - 8.2.5.5. Rest of LATAM
  - 8.2.5.5.1. By Product
  - 8.2.5.5.2. By Material
  - 8.2.5.5.3. By Application
  - 8.2.5.5.4. By Packaging

9. Middle East & Africa Cold Chain Packaging Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Material
- 9.2.3. By Application
- 9.2.4. By Packaging
- 9.2.5. By Country
  - 9.2.5.1. Saudi Arabia
  - 9.2.5.1.1. By Product
  - 9.2.5.1.2. By Material
  - 9.2.5.1.3. By Application
  - 9.2.5.1.4. By Packaging
  - 9.2.5.2. UAE
  - 9.2.5.2.1. By Product
  - 9.2.5.2.2. By Material
  - 9.2.5.2.3. By Application
  - 9.2.5.2.4. By Packaging
  - 9.2.5.3. Qatar
  - 9.2.5.3.1. By Product
  - 9.2.5.3.2. By Material
  - 9.2.5.3.3. By Application
  - 9.2.5.3.4. By Packaging
  - 9.2.5.4. Kuwait
  - 9.2.5.4.1. By Product
  - 9.2.5.4.2. By Material
  - 9.2.5.4.3. By Application
  - 9.2.5.4.4. By Packaging
  - 9.2.5.5. South Africa
  - 9.2.5.5.1. By Product
  - 9.2.5.5.2. By Material
  - 9.2.5.5.3. By Application
  - 9.2.5.5.4. By Packaging
  - 9.2.5.6. Nigeria
  - 9.2.5.6.1. By Product
  - 9.2.5.6.2. By Material
  - 9.2.5.6.3. By Application
  - 9.2.5.6.4. By Packaging
  - 9.2.5.7. Algeria
  - 9.2.5.7.1. By Product
  - 9.2.5.7.2. By Material
  - 9.2.5.7.3. By Application
  - 9.2.5.7.4. By Packaging
  - 9.2.5.8. Rest of MEA
  - 9.2.5.8.1. By Product
  - 9.2.5.8.2. By Material
  - 9.2.5.8.3. By Application
  - 9.2.5.8.4. By Packaging

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Cold Chain Packaging Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Cold Chain Packaging Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Cascades Inc.
12.2. Cold Chain Technologies
12.3. Creopack
12.4. Cryopak A TCP Company
12.5. Intelsius
12.6. Pelican Products, Inc.
12.7. Softbox
12.8. Sofrigam
12.9. Sonoco ThermoSafe
12.10. va-Q-tec
12.11. AG Sonoco ThermoSafe
12.12. Softbox
12.13. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations