Cold Chain Packaging Market Forecasts to 2028 – Global Analysis By Product (Gel Packs & Bricks, Foam Bricks, Crates), End User (Pharmaceutical, Food, Beverages, Cosmetics, Chemical, Industrial) and By Geography
According to Stratistics MRC, the Global Cold Chain Packaging Market is accounted for $18.51 billion in 2020 and is expected to reach $87.31 billion by 2028 growing at a CAGR of 21.4% during the forecast period. Factors such as changing lifestyle of people, growing population, and rapid urbanization in emerging economies are driving the growth of the market. However, high cost associated with the products is hampering the growth of the market.
Cold chain packaging is extensively used in providing efficient refrigeration to food, beverages, and pharmaceuticals during the time of preservation, transportation, and distribution. These solutions include different types of refrigerated containers, temperature monitors & integrators for managing product’s life period.
Based on the material, the refrigerants segment is anticipated to expand at a rapid pace during the forecast period owing to the increasing demand for energy-efficient natural refrigerants as well as the increasing emphasis on the use of low ozone depletion potential (ODP) and low global warming potential (GWP) gases. By geography, North America is going to have high growth during the forecast period owing to the continuous growth in demand for cold storage medicinal products used in the healthcare industry.
Some of the key players profiled in the Cold Chain Packaging Market include Sonoco Thermosafe, Cold Chain Technologies Inc., Pelican BioThermal LLC, Coolpac, Intelsius (A DGP Company), Cryopak Industries Inc., Softbox Systems Ltd., Clip-Lok SimPak, Sofrigam Company, Chill-Pak, va Q tec, Creopack, Cascades inc, Sealed Air Corporation, and Tempack.
Estimated Market Size in 2020:
USD 18.51 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 87.31 billion
Tables, Graphs& Figures
Product, Material, Packaging Format, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Protective Packaging (Foams Sheets)
• Gel Packs & Bricks
• Foam Bricks
• Insulated Container & Hard-Cased Thermal Boxes
• Temperature Monitoring & Pallet Shippers
• Phase Change Cold Storage Products
• Parcel Containers
• Active Thermal Systems
• Insulating Pouches
• Cryogenic Tanks
• Insulating Material
Packaging Formats Covered:
• Disposable Packaging
• Reusable Packaging
End Users Covered:
• Cosmetics & Personal Care
• Third-Party Logistics (3PL)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Cold Chain Packaging Market is majorly driven by changing lifestyle of people, growing population, and rapid urbanization in emerging economies.
The refrigerants segment is growing at a highest CAGR owing to the increasing demand for energy-efficient natural refrigerants.
North America dominated with a significant market share due to the continuous growth in demand for cold storage medicinal products used in the healthcare industry.
Asia Pacific market is growing at a highest CAGR owing to the growing geriatric population and rapid economic growth in the region.
Key players in Cold Chain Packaging Market include Sonoco Thermosafe, Cold Chain Technologies Inc., Pelican BioThermal LLC, Coolpac, Intelsius (A DGP Company), Cryopak Industries Inc., Softbox Systems Ltd., Clip-Lok SimPak, Sofrigam Company, Chill-Pak, va Q tec, Creopack, Cascades inc, Sealed Air Corporation, and Tempack.
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