PUBLISHER: DataM Intelligence | PRODUCT CODE: 1272793
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1272793
The Europe cold chain packaging market reached US$ 22,256.4 million in 2022 and is projected to witness lucrative growth by reaching up to US$ YY million by 2030. The market is growing at a CAGR of 14.2% during the forecast period (2023-2030).
The increasing demand for temperature-sensitive products such as pharmaceuticals, vaccines, and food products is growing the Europe cold chain packaging market. Cold chain packaging solutions typically consist of insulated containers, boxes, or bags that are designed to maintain the desired temperature range for a specific period during transportation and storage.
There has also been a growing demand for sustainable and eco-friendly cold chain packaging solutions. Companies are increasingly looking for packaging solutions that can be recycled or reused and are made from environmentally friendly materials.
The increasing demand for temperature-sensitive products, such as vaccines, medicines, and perishable food items, in Europe is driving the growth of the Europe cold chain packaging market. Biopharmaceutical products, such as vaccines and biologics, require strict temperature control throughout their supply chain, from manufacturing to distribution and storage.
This has led to an increased demand for cold chain packaging solutions, such as insulated shippers, coolers, etc. For instance, the market for cold chain logistics in Europe has a value of over 75 billion dollars in 2019 and is projected to grow to 112.8 billion dollars by 2025.
The growth of e-commerce has led to an increase in demand for cold chain packaging solutions that can protect temperature-sensitive products during transportation and storage. Online grocery stores have emerged as a popular option for consumers in Europe, with companies such as Ocado and Amazon Fresh offering temperature-sensitive grocery items that require specialized packaging. For example, Ocado uses a proprietary temperature-controlled system that allows them to maintain the temperature of perishable items during transportation.
The COVID-19 pandemic had a significant impact on the Europe cold chain packaging market. The pandemic led to a surge in demand for temperature-controlled packaging solutions, particularly for vaccines, as well as for perishable food items that consumers were stockpiling. At the same time, disruptions in global supply chains and restrictions on the transportation and movement of goods caused challenges for cold chain logistics providers and packaging manufacturers.
Artificial intelligence (AI) is becoming increasingly important in the Europe cold chain packaging market, with a growing number of companies adopting AI technologies to improve the efficiency and effectiveness of their operations. AI technologies can be used to monitor the condition of cold chain equipment, such as refrigeration systems, and predict when maintenance or repairs will be required. This can help to minimize downtime and prevent equipment failures, improving the reliability of cold chain operations.
The Europe cold chain packaging market is segmented based on product type, form, method of application and region.
Based on application, the Europe cold chain packaging market is classified into pharmaceutical packaging, food packaging, medical devices, agricultural products, and others. The pharmaceutical packaging segment has the highest share in 2022 due to the increasing demand for temperature-sensitive pharmaceutical products, which require specialized cold-chain packaging solutions. According to EFPIA, Europe has 23.4% of the share of global pharmaceutical revenues in 2021. This indicates the significant size of the pharmaceutical industry in Europe and its potential impact on the cold chain packaging market.
France is a significant market for cold chain packaging due to the presence of a large number of pharmaceutical companies and a robust transportation network. France is home to several leading pharmaceutical companies such as Sanofi, Novartis, and Servier. According to data from the European Union, France has the second-largest railway network in Europe, with a total length of 29,273 kilometers.
In addition, France has 12 international airports, including Paris Charles de Gaulle, which is one of the busiest airports in Europe. This factor facilitates the transportation of temperature-sensitive products across the country and to other parts of Europe.
The major players include Saint-Gobain, Cryopak Industries Inc, Cold Chain Technologies, Inc., Americold Logistics, Dgp Intelsius LLC., Burris Logistics, CCL Industries, Intelsius, Softbox Systems, Sonoco Thermosafe
The Europe Cold Chain Packaging Market Report Would Provide Approximately 36 Tables, 24 Figures and 102 Pages.
LIST NOT EXHAUSTIVE