The global cold chain packaging market size is expected to reach around US$ 46.63 billion by 2030 from US$ 16.04 billion in 2021 and is expected to grow at an impressive double-digit rate of 12.6% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global cold chain packaging market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Scope of the Cold Chain Packaging Market
| Report Coverage | Details |
| Market Size by 2030 | USD 46.63 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 12.6% |
| North America Market Share in 2021 | 35% |
| Insulating Materials Market Share in 2021 | 66% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Report Highlights
- Based on the product, insulated container & boxes was the leading segment with over 58% of the market share in 2021. The increased demand for the insulated container & boxes owing to its reusability among the food and pharma companies across the globe has led to the dominance of this segment.
- On the basis of materials, the refrigerant is anticipated to be the most opportunistic segment. The rising concerns over global warming and climate change is fueling the adoption of the refrigerant materials as it is much eco-friendlier as compared to other materials.
- By application, the fish, seafood, and meat were the dominating segment that accounted for a revenue share of around 26% in 2021. The fish, seafood, and meat are highly perishable products that need to be delivered quickly to the end consumers, which have driven the demand for the cold chain packaging in the fish and meat industry.
Market Dynamics
Driver
Surging demand from the pharmaceutical companies
There are certain temperature sensitive products in the pharma industry that requires cold chain packaging. The risks of losing properties owing to the exposure to high temperature associated with some products has led to the growth in the demand for the cold chain packaging. Around 18% of the pharmaceutical spending in 2018 was associated with the cold chain transportation and products, as per a data revealed by Pharmaceutical Commerce Analysis of IQVIA. Therefore, the growing demand for the cold chain packaging from the pharmaceutical industry is expected to drive the growth of the market during the forecast period.
Restraint
High costs of cold chain packaging
The adoption of the colds chain packaging is a costly affair as compared to other packaging. The materials used in the production of cold chain packaging are costly and some of the materials like EPS and PUR promotes sustainability owing to their special properties. The costs of this materials and the higher penetration of the traditional packaging solutions are the major factors that may hinder the market growth during the forecast period.
Opportunity
Rising demand for reusable packaging
The food processing companies and the pharmaceutical companies are trying hard to reduce their costs and hence are looking for optimized packaging solutions. The reusable cold chain packaging offers an optimized packaging solution without compromising on the quality of the products. The reusable cold chain packaging solutions can reduce costs significantly and can increase profit margins for the food and pharma companies, which is fueling the demand for the reusable packaging.
Challenge
Stringent government regulations
The government regulations on the packaging requires the companies to adopt a certain design and raw materials with advanced features that increases the costs for the manufacturers. Furthermore, the growing complexities in the modern day logistics operations and increasing regulatory issues is creating a challenge for the market players. Furthermore, the strict government norms regarding the use of eco-friendly packaging products is a major challenge for the manufacturers that restricts their profit margins.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global cold chain packaging market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global cold chain packaging market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global cold chain packaging market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for cold chain packaging are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players 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 ThermoSafs
- va-Q-tec
Market Segmentation:
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
Regional Analysis:
The geographical analysis of the global cold chain packaging market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global cold chain packaging Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global cold chain packaging market in 2030?
- What is the expected CAGR for the cold chain packaging market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global cold chain packaging market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Cold Chain Packaging Market
5.1. COVID-19 Landscape: Cold Chain Packaging Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Cold Chain Packaging Market, By Product
8.1. Cold Chain Packaging Market, by Product Type, 2022-2030
8.1.1. Insulated Container and Boxes
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Cold Packs
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Crates
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Temperature Controlled Pallet Shippers
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Labels
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Cold Chain Packaging Market, By Material
9.1. Cold Chain Packaging Market, by Material, 2022-2030
9.1.1. Insulating Materials
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Refrigerants
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Cold Chain Packaging Market, By Application
10.1. Cold Chain Packaging Market, by Application Type, 2022-2030
10.1.1. Dairy Products
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Fruit and Pulp Concentrates
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Fish, Seafood, and Meat
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Processed Food
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Fruits and Vegetables
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Bakery and Confectioneries
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Pharmaceuticals
10.1.7.1. Market Revenue and Forecast (2017-2030)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Cold Chain Packaging Market, By Packaging Format
11.1. Cold Chain Packaging Market, by Packaging Format Type, 2022-2030
11.1.1. Reusable Packaging
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Disposable Packaging
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Cold Chain Packaging Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2017-2030)
12.1.2. Market Revenue and Forecast, by Material (2017-2030)
12.1.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Material (2017-2030)
12.1.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Material (2017-2030)
12.1.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.2. Market Revenue and Forecast, by Material (2017-2030)
12.2.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Material (2017-2030)
12.2.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Material (2017-2030)
12.2.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Material (2017-2030)
12.2.7.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Material (2017-2030)
12.2.8.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.2. Market Revenue and Forecast, by Material (2017-2030)
12.3.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Material (2017-2030)
12.3.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Material (2017-2030)
12.3.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Material (2017-2030)
12.3.7.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Material (2017-2030)
12.3.8.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.2. Market Revenue and Forecast, by Material (2017-2030)
12.4.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Material (2017-2030)
12.4.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Material (2017-2030)
12.4.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Material (2017-2030)
12.4.7.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Material (2017-2030)
12.4.8.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.5.2. Market Revenue and Forecast, by Material (2017-2030)
12.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Material (2017-2030)
12.5.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Material (2017-2030)
12.5.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Packaging Format Type (2017-2030)
Chapter 13. Company Profiles
13.1. Cascades Inc.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Cold Chain Technologies
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Creopack
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Cryopak A TCP Company
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Intelsius
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Pelican Products, Inc.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Softbox
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Sofrigam
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Sonoco ThermoSafs
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. va-Q-tec
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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