Registering a CAGR of 11.36 % over the forecast period of 2022-2027, the global Cold Chain Packaging Market is anticipated to reach the market value of US$ 21.8 Billion in the year 2022 from US$ 37.70 Billion in the year 2027.
From 2022 to 2027, the global cold chain packaging market is predicted to increase at CAGR of 11.36%. The increase can be linked to the worldwide food processing industry's increasing demand for packaging solutions. People's changing lifestyles, population growth, and fast urbanisation in rising economies like China, India, and Mexico are fuelling this need. While rising population drives demand for food, changing lifestyles drive people to choose processed and quick-to-eat foods. Frozen fruits and vegetables, dairy products, fish, and meat are among the most popular processed foods in the world. Such foods necessitate effective packing for transportation and preservation. The annual demand for ground beef in the United States is more than 6 billion pounds.
A cold chain product is defined as any temperature-sensitive product, such as frozen foods, research samples, or pharmaceuticals. Cold chain packaging, is vital for maintaining the thermal integrity of temperature-sensitive products during transport. Cold chain packaging can use active or passive packaging methods.
Active packaging configurations are usually leased containers that employ a power source, batteries, or electricity, and a thermostat to control heating or cooling within the shipping container.
Passive packaging configurations are manufactured containers that utilize insulated packaging such as polystyrene, polyurethane, or vacuum insulated panels and phase change materials (PCM) to maintain a desired temperature inside the shipping container.
January 2021, Pelican Bio Thermal announced its latest partnership with Asiana Airlines, which expands the company’s growing global network.
March 2021, Sonoco Products company collaborated with Unilode Aviation Solutions, one of the market leader in outsourced Unit Load Device (ULD) management and repair services, for the maintenance, repair and handling of Sonoco ThermoSafe’s passive bulk temperature-controlled containers at several key locations. This cooperation will play an important role for the company in enabling the safe and efficient transport of pharmaceuticals and other temperature-sensitive products around the world.
The Cold Chain Packaging Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: Sonoco ThermoSafe, Cryopak, Sofrigam, Polar Tech, Softbox, Cold Chain Technologies, CSafe, IPC, PALLITE, Tempack, Krautz-TEMAX, Nordic Cold Chain Solutions, delta T, Intelsius, Atlas Molded Products, CLEANGAS, Therapak (Avantor), Pelican BioThermal, Thermal Shield, CoolPac, Fresh cold, FHEFON, Shang Hai SCC Environmental Technology, Emball'Infor, Bryce, Futenma, Thermal Shipping Solution, Coldkeepers, Woolcool, CIMC Cold Supply Chain Management, TPS, SEALED AIR, PAC Worldwide, QProducts&Services, Nortech Labs, Plastifoam
By Type, it is segmented into
By Applications, it is segmented into
Europe occupies the major share in the cold chain packaging market and is expected to grow significantly in the forecast period owing to continuous growth in demand for cold storage medicinal products used in the healthcare industry.
Many companies have focused their research and development activities on creating innovative cold chain packaging technologies to stay ahead of the competition. In January 2020, Sofrigam introduced its Coldway Inside Technology, integrated into its temperature-controlled packaging solutions to keep products between 0°C and +25° for up to 24 hours, and showcased at Temperature Control and Logistics (TCL), one of Europe’s largest cold chain pharmaceutical logistics congresses.
The market of cold chain Packaging in Europe is dominated by Western European countries such as Germany, France, the U.K., Italy, and Spain. The market size of Europe in terms of revenue in 2020 was USD 6.40 billion. The temperature profile changes drastically from country to country in Europe. Thus, advanced temperature monitoring and packaging solutions are employed to transport temperature-sensitive products.
The Cold Chain Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Cold Chain Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
|
Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 11.36% during the review period (2022 to 2027). |
By Type |
|
By Application |
|
By Companies
| Sonoco ThermoSafe, Cryopak, Sofrigam, Polar Tech, Softbox, Cold Chain Technologies, CSafe, IPC, PALLITE, Tempack, Krautz-TEMAX, Nordic Cold Chain Solutions, delta T, Intelsius, Atlas Molded Products, CLEANGAS, Therapak (Avantor), Pelican BioThermal, Thermal Shield, CoolPac, Fresh cold, FHEFON, Shang Hai SCC Environmental Technology, Emball'Infor, Bryce, Futenma, Thermal Shipping Solution, Coldkeepers, Woolcool, CIMC Cold Supply Chain Management, TPS, SEALED AIR, PAC Worldwide, QProducts&Services, Nortech Labs, Plastifoam |
Regions Covered
|
|
Countries Covered |
|
Base Year
|
2022 |
Historical Year
|
2017 to 2022 |
Forecast Year
|
2022 to 2027 |
Customization Available
|
Yes, the report can be customized as per your needs |
What is the study period of this market?
The Cold Chain Packaging Market is studied from 2017 - 2027.
What is the growth rate of Cold Chain Packaging Market?
The Cold Chain Packaging Market is growing at a CAGR of 11.36% over the next 5 years.
Who are the key players in Cold Chain Packaging Market?
Sonoco ThermoSafe, Cryopak, Sofrigam, Polar Tech, Softbox, Cold Chain Technologies, CSafe, IPC, PALLITE, Tempack, Krautz-TEMAX, Nordic Cold Chain Solutions, delta T, Intelsius, Atlas Molded Products, CLEANGAS, Therapak (Avantor), Pelican BioThermal, Thermal Shield, CoolPac, Fresh cold, FHEFON, Shang Hai SCC Environmental Technology, Emball'Infor, Bryce, Futenma, Thermal Shipping Solution, Coldkeepers, Woolcool, CIMC Cold Supply Chain Management, TPS, SEALED AIR, PAC Worldwide, QProducts&Services, Nortech Labs, Plastifoam
What region does this Cold Chain Packaging Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Cold Chain Packaging Market?
Single Use Packaging, Useable Packaging
What are the major end-use applications of Cold Chain Packaging Market?
Food, Agro-product, Healthcare, Pharmaceuticals, Meal Delivery, Industrial & Chemicals, 3PL, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
Reach us with your research requirements and we shall provide the optimum solution to suit your needs.
Discounts available for multiple report purchases.