PUBLISHER: The Business Research Company | PRODUCT CODE: 1927244
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927244
Solid carbon dioxide, commonly called dry ice, is the solid state of carbon dioxide. It sublimates directly from solid to gas at -78.5°C without passing through a liquid phase. Dry ice is mainly used as a cooling agent to preserve perishable goods during transport, particularly where mechanical refrigeration is unavailable. It is also employed to produce fog effects in entertainment and for industrial cleaning purposes.
The main categories of solid carbon dioxide include food grade, industrial grade, pharmaceutical grade, technical grade, and others. Food-grade solid carbon dioxide meets safety standards for direct or indirect contact with food. Production methods consist of commercial manufacturing, in-situ generation, and recycling processes. Distribution channels include direct sales, distributors, online retail, and wholesale. Its applications cover food preservation, shipping and transportation, blast freezing, beverage carbonation, special effects in entertainment, industrial cooling, and cryogenic uses, serving end users in the food and beverage industry, healthcare, logistics and transportation, entertainment and events, and manufacturing sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have impacted the solid carbon dioxide market by increasing costs of CO2 sourcing equipment, insulated packaging, and transportation systems. Food preservation, healthcare logistics, and industrial cleaning segments are most affected, particularly in North America and Asia Pacific. These tariffs have raised operational costs for dry ice suppliers and logistics providers. Cross-border CO2 supply constraints have also impacted availability in certain regions. However, tariffs have encouraged local CO2 recovery and recycling initiatives, supporting regional production growth.
The solid carbon dioxide market research report is one of a series of new reports from The Business Research Company that provides solid carbon dioxide market statistics, including solid carbon dioxide industry global market size, regional shares, competitors with a solid carbon dioxide market share, detailed solid carbon dioxide market segments, market trends and opportunities, and any further data you may need to thrive in the solid carbon dioxide industry. This solid carbon dioxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The solid carbon dioxide market size has grown strongly in recent years. It will grow from $1.36 billion in 2025 to $1.46 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to food cold storage growth, vaccine logistics needs, industrial cleaning adoption, beverage carbonation demand, event entertainment usage.
The solid carbon dioxide market size is expected to see strong growth in the next few years. It will grow to $1.91 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to biopharmaceutical expansion, e-commerce food delivery growth, sustainable cleaning methods, medical logistics demand, cold chain infrastructure investment. Major trends in the forecast period include rising demand for cold chain logistics, growing use in pharmaceutical transportation, expansion of dry ice blasting applications, increased adoption in food preservation, rising demand from entertainment fog effects.
The rising level of beverage and food production is expected to drive the growth of the solid carbon dioxide market in the coming years. Beverage and food production involves the industrial conversion of raw ingredients into packaged food and beverage products intended for consumer use. The increase in beverage and food production is largely attributed to global population growth, which is driving greater demand for accessible and adequate consumable goods. Solid carbon dioxide supports beverage and food production by enabling accurate temperature control and carbonation, making it a critical component in processing and packaging operations. It also helps maintain product quality and safety by preserving freshness and extending shelf life during storage and transportation. For instance, in October 2024, according to a report released by the USDA Economic Research Service (ERS), a US-based government agency, U.S. food expenditure by consumers, businesses, and government organizations reached $2.57 trillion in 2023, averaging $7,672 per capita and representing a 7.5% increase compared with the previous year. Therefore, the increasing beverage and food production is fueling the growth of the solid carbon dioxide market.
Major companies operating in the solid carbon dioxide market are prioritizing the development of innovative solutions, such as dry ice blasters, to improve efficiency, ease of use, and environmental sustainability. A dry ice blaster is a cleaning system that utilizes compressed air to propel dry ice pellets (solid carbon dioxide) at high speed to clean surfaces. For instance, in July 2023, Cold Jet LLC, a US-based industrial equipment company, introduced the IceRocket dry ice blaster, a professional-grade, entry-level system. It delivers aggressive yet non-abrasive cleaning using dry ice pellets, helping reduce downtime and increase throughput without damaging surfaces or generating secondary waste. Its user-friendly, entry-level configuration makes it suitable for efficient and environmentally friendly cleaning across multiple industries.
In February 2025, Holston Gases LLC, a US-based industrial gases company, acquired Tri-Cities Dry Ice LLC for an undisclosed amount. Through this acquisition, Holston Gases LLC seeks to expand its dry ice production and distribution capacity across the Tri-Cities region, thereby enhancing its service capabilities for industrial, commercial, and healthcare customers. Tri-Cities Dry Ice LLC is a US-based company specializing in the production and supply of dry ice for industrial, commercial, and medical applications.
Major companies operating in the solid carbon dioxide market are Linde plc, Air Liquide Group, Air Products and Chemicals Inc., Continental Carbonic Products Inc., Matheson Tri-Gas Inc., BOC Limited, Gulf Cryo Holding, SICGIL Industrial Gases Limited, Iwatani Corporation, Coregas Pty Ltd., Bhavani Enterprise, Sri Venkateswara Carbonic Gases Private Limited, Bathinda Industrial Gases Pvt. Ltd., Panki Oxygen Pvt. Ltd., Shivam Oxygen Pvt. Ltd., BOSCO India Pvt. Ltd., Universal Industrial Gases Inc., Southern Industrial Gas Sdn Bhd, Axcel Industrial Gases, Niketa Ice Blaast Pvt. Ltd.
North America was the largest region in the solid carbon dioxide market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solid carbon dioxide market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the solid carbon dioxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The solid carbon dioxide market consists of sales of refrigeration and cooling packs, dry ice pellets, blocks, slices, and customized forms. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Solid Carbon Dioxide Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses solid carbon dioxide market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for solid carbon dioxide ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The solid carbon dioxide market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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