The Cold Chain Packaging Market size was valued at USD 27.19 billion in 2023 and is expected to grow to USD 111.42 billion by 2031 and grow at a CAGR of 19.3% over the forecast period of 2024-2031.
Cold chain packaging is also called temperature-controlled packaging. It is the packaging and distribution method that is specifically engineered to keep the product at constant temperatures from manufacturing to the final distribution of that product. Cold chain packaging protects room-temperature products from extreme external temperatures.
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Cold chain packaging is used to ship temperature-sensitive material, food, and medicine. To protect the temperature-sensitive product whether it is in the warehouse or being shipped across the globe, it should be packed with cold chain packaging. Initially, the cold chain referred to the product that needed to be cooled but nowadays it also refers to the product that must be kept at room temperature and should be protected from heat and cold. As more and more of these products enter the supply chain, the term “cold chain” has morphed into “controlled temperature.”
Drivers
Growing demand from the pharmaceutical industry
Increasing need to protect the temperature-sensitive product.
Growing popularity of new biological drug formulation which requires temperature-controlled packaging.
Rapidly increasing demand for frozen food products.
The increasing population, evolving lifestyles, and rapid urbanization in developing nations have led to a surge in demand for food products. This demand includes processed and easy-to-consume food items, frozen fruits and vegetables, dairy products, and meat. As a result, there is a growing need for efficient cold-chain packaging to ensure the safe transportation and storage of these food items.
Restrain
Requirement of technically skilled manpower and advanced raw material
High cost and complex regulation associated with cold chain packaging.
The cold chain packaging market is hindered by the high costs and complex regulations that are associated with it. These factors make it difficult for companies to invest in and comply with the necessary requirements for cold chain packaging. As a result, the growth of the market is limited.
Opportunities
High emphasis on regulatory compliance of food and pharmaceutical products.
Challenges
High initial investment in developing the cold chain packaging infrastructure
In order to mitigate the impact of COVID-19 on the world, vaccines have been developed that require a specialized end-to-end supply cold chain, from manufacturing to final delivery via warehouse and transportation. This is crucial to ensure that the vaccines reach their target population, sustain production, and minimize wastage. An efficient and resilient vaccine supply chain is necessary to monitor the temperature of the vaccines.
Regulatory bodies across the globe have recognized cold chain packaging as an essential service. The COVID-19 pandemic has led to an increased demand for medicines, components, vaccines, and food products, which has further emphasized the importance of cold chain packaging. With most businesses switching to home delivery options due to lockdowns, cold-chain packaging has been effectively utilized to fulfill the demand and control the pandemic. As a result, the cold-chain packaging market has experienced significant growth. It is clear that the importance of cold chain packaging cannot be overstated in the current global climate.
The war has disrupted supply chains and caused logistical challenges, leading to a decrease in demand for cold chain packaging products. Additionally, political instability and economic sanctions have affected the overall business environment, making it difficult for companies to operate efficiently. However, the market has also seen some positive effects. The need for humanitarian aid and medical supplies in conflict zones has increased, leading to a rise in demand for cold chain packaging products. This has created opportunities for companies to expand their operations and provide essential services to those in need.
The Cold Chain Packaging market is responsible for the safe transportation and storage of temperature-sensitive products, such as food, pharmaceuticals, and chemicals. The recession has caused a decrease in demand for these products, resulting in a decrease in demand for cold chain packaging.
By Product Type
EPS container
PUR container
Pallet shippers
Vacuum insulated panels
By Material
Insulating Material
Refrigerants
Hydrocarbon
By Application
Pharmaceutical
Food
Industrial
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By region, North America dominated the market with the largest market share and is forecasted to grow with the highest CAGR in the future. This is owing to the increasing demand for processed food, meat, fruits and vegetables, and frozen food in this region. Additional reasons for propelling the cold-chain packaging market in this region are the high standard of living, hectic schedule of the people, high disposable income, etc.
The Asia Pacific is estimated to be the largest-growing region due to the rapid economic growth in developing regions such as India, Singapore, Thailand, and China. Increasing demand for medicines and the rising geriatric population drive the pharmaceutical segment in the Asia Pacific Region.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Cascades Inc. has recently launched a new product that is sure to revolutionize the produce sector. The closed basket, made entirely of recycled and recyclable corrugated cardboard, is an eco-friendly alternative to traditional food packaging that is difficult to recycle. This innovative product is the latest addition to Cascades' line of sustainable packaging solutions.
In keeping with recognized eco-design principles and a circular economy approach, Cascades has utilized recycled corrugated cardboard in the design of this new packaging. By doing so, the company is supporting its customers' efforts to reduce their environmental impact while meeting the growing demand for eco-friendly packaging options.
Creopack, a leading provider of custom protective packaging for industrial, aeronautical, and electronic products, has recently acquired Emballages Montreal Express (EME). EME specializes in handling, packaging, and storage services for oversized equipment, making this acquisition a strategic move for Creopack as it expands its offerings to better serve its customers.
The Key Players are Cascades Inc., Cold Chain Technologies, Creopack, Orora Group, Cryopak, TCP Company, Intelsius, Pelican Products, Inc., Softbox, Sofrigam, Sonoco ThermoSafe, va-Q-tec & Other Players,
| Report Attributes | Details |
| Market Size in 2023 | US$ 27.19 Bn |
| Market Size by 2031 | US$ 111.42 Bn |
| CAGR | CAGR of 19.3% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (EPS container, PUR container, Pallet shippers, Vacuum insulated panels, and others) • By Material (Insulating Material, Refrigerants, Hydrocarbon) • By Application (Pharmaceuticals, Food, and Industrial) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Cascades Inc., Cold Chain Technologies, Creopack, Orora Group, Cryopak A TCP Company, Intelsius, Pelican Products, Inc., Softbox, Sofrigam, Sonoco ThermoSafe, va-Q-tec |
| Key Drivers | • Growing demand from the pharmaceutical industry • Increasing need to protect the temperature-sensitive product. |
| Market Opportunities | • High emphasis on regulatory compliance of food and pharmaceutical products. |
The expected CAGR of the global Cold Chain Packaging Market during the forecast period is 19.3%
Cold Chain Packaging Market size was valued at USD 27.19 billion in 2023.
The major key players are Cascades Inc., Cold Chain Technologies, Creopack, Orora Group, Cryopak A TCP Company, Intelsius, Pelican Products, Inc., Softbox, Sofrigam, Sonoco ThermoSafe, va-Q-tec.
North America region dominated the Cold Chain Packaging Market.
The requirement of technically skilled manpower and advanced raw material and High cost and complex regulation associated with cold chain packaging are the hindering factors of the cold chain packaging market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Cold Chain Packaging Market Segmentation, By Product Type
8.1 EPS container
8.2 PUR container
8.3 Pallet shippers
8.4 Vacuum insulated panels
9. Cold Chain Packaging Market Segmentation, By Material
9.1 Insulating Material
9.2 Refrigerants
9.3 Hydrocarbon
10. Cold Chain Packaging Market Segmentation, By Application
10.1 Pharmaceutical
10.2 Food
10.3 Industrial
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Cold Chain Packaging Market by Country
11.2.2North America Cold Chain Packaging Market by Product Type
11.2.3 North America Cold Chain Packaging Market by Material
11.2.4 North America Cold Chain Packaging Market by Application
11.2.5 USA
11.2.5.1 USA Cold Chain Packaging Market by Product Type
11.2.5.2 USA Cold Chain Packaging Market by Material
11.2.5.3 USA Cold Chain Packaging Market by Application
11.2.6 Canada
11.2.6.1 Canada Cold Chain Packaging Market by Product Type
11.2.6.2 Canada Cold Chain Packaging Market by Material
11.2.6.3 Canada Cold Chain Packaging Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Cold Chain Packaging Market by Product Type
11.2.7.2 Mexico Cold Chain Packaging Market by Material
11.2.7.3 Mexico Cold Chain Packaging Market by Application
11.3 Europe
11.3.1 Europe Cold Chain Packaging Market by Country
11.3.2 Europe Cold Chain Packaging Market by Product Type
11.3.3 Europe Cold Chain Packaging Market by Material
11.3.4Europe Cold Chain Packaging Market by Application
11.3.5Germany
11.3.5.1 Germany Cold Chain Packaging Market by Product Type
11.3.5.2 Germany Cold Chain Packaging Market by Material
11.3.5.3 Germany Cold Chain Packaging Market by Application
11.3.6 UK
11.3.6.1 UK Cold Chain Packaging Market by Product Type
11.3.6.2 UK Cold Chain Packaging Market by Material
11.3.6.3 UK Cold Chain Packaging Market by Application
11.3.7 France
11.3.7.1 France Cold Chain Packaging Market by Product Type
11.3.7.2 France Cold Chain Packaging Market by Material
11.3.7.3 France Cold Chain Packaging Market by Application
11.3.8 Italy
11.3.8.1 Italy Cold Chain Packaging Market by Product Type
11.3.8.2 Italy Cold Chain Packaging Market by Material
11.3.8.3 Italy Cold Chain Packaging Market by Application
11.3.9 Spain
11.3.9.1 Spain Cold Chain Packaging Market by Product Type
11.3.9.2 Spain Cold Chain Packaging Market by Material
11.3.9.3 Spain Cold Chain Packaging Market by Application
11.3.10 The Netherlands
11.3.10.1 Netherlands Cold Chain Packaging Market by Product Type
11.3.10.2 Netherlands Cold Chain Packaging Market by Material
11.3.10.3 Netherlands Cold Chain Packaging Market by Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Cold Chain Packaging Market by Product Type
11.3.11.2 Rest of Europe Cold Chain Packaging Market by Material
11.3.11.3 Rest of Europe Cold Chain Packaging Market by Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Cold Chain Packaging Market by Country
11.4.2Asia Pacific Cold Chain Packaging Market by Product Type
11.4.3 Asia Pacific Cold Chain Packaging Market by Material
11.4.4 Asia Pacific Cold Chain Packaging Market by Application
11.4.5 Japan
11.4.5.1 Japan Cold Chain Packaging Market by Product Type
11.4.5. 2Japan Cold Chain Packaging Market by Material
11.4.5. 3Japan Cold Chain Packaging Market by Application
11.4.6 South Korea
11.4.6.1 South Korea Cold Chain Packaging Market by Product Type
11.4.6.2. South Korea Cold Chain Packaging Market by Material
11.4.6.3. South Korea Cold Chain Packaging Market by Application
11.4.7China
11.4.7.1 China Cold Chain Packaging Market by Product Type
11.4.7.2. China Cold Chain Packaging Market by Material
11.4.7.3. China Cold Chain Packaging Market by Application
11.4.8 India
11.4.8.1 India Cold Chain Packaging Market by Product Type
11.4.8.2. India Cold Chain Packaging Market by Material
11.4.8.3 India Cold Chain Packaging Market by Application
11.4.9Australia
11.4.8.1 Australia Cold Chain Packaging Market by Product Type
11.4.8.2. Australia Cold Chain Packaging Market by Material
11.4.8.3. Australia Cold Chain Packaging Market by Application
11.4.10Rest of Asia-Pacific
11.4.10.1 APAC Cold Chain Packaging Market by Product Type
11.4.10.2. APAC Cold Chain Packaging Market by Material
11.4.10.3. APAC Cold Chain Packaging Market by Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Cold Chain Packaging Market by Country
11.5.2 The Middle East & Africa Cold Chain Packaging Market by Product Type
11.5.3The Middle East & Africa Cold Chain Packaging Market by Material
11.5.4The Middle East & Africa Cold Chain Packaging Market by Application
11.5.5Israel
11.5.5.1 Israel Cold Chain Packaging Market by Product Type
11.5.5.2 Israel Cold Chain Packaging Market by Material
11.5.5.3 Israel Cold Chain Packaging Market by Application
11.5.6 UAE
11.5.6.1 UAE Cold Chain Packaging Market by Product Type
11.5.6.2 Israel Cold Chain Packaging Market by Material
11.5.6.3 Israel Cold Chain Packaging Market by Application
11.5.7South Africa
11.5.7.1 South Africa Cold Chain Packaging Market by Product Type
11.5.7.2 South Africa Cold Chain Packaging Market by Material
11.5.7.3 South Africa Cold Chain Packaging Market by Application
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Cold Chain Packaging Market by Product Type
11.5.8.2 Rest of Middle East & Asia Cold Chain Packaging Market by Material
11.5.8.3 Rest of Middle East & Asia Cold Chain Packaging Market by Application
11.6Latin America
11.6.1 Latin America Cold Chain Packaging Market by Country
11.6.2. Latin America Cold Chain Packaging Market by Product Type
11.6.3 Latin America Cold Chain Packaging Market by Material
11.6.4 Latin America Cold Chain Packaging Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Cold Chain Packaging Market by Product Type
11.6.5.2 Brazil Cold Chain Packaging Market by Material
11.6.5.3Brazil Cold Chain Packaging Market by Application
11.6.6Argentina
11.6.6.1 Argentina Cold Chain Packaging Market by Product Type
11.6.6.2 Argentina Cold Chain Packaging Market by Material
11.6.6.3 Argentina Cold Chain Packaging Market by Application
11.6.7Rest of Latin America
11.6.7.1 Rest of Latin America Cold Chain Packaging Market by Product Type
11.6.7.2 Rest of Latin America Cold Chain Packaging Market by Material
11.6.7.3Rest of Latin America Cold Chain Packaging Market by Application
12 Company Profile
12.1 Cascades Inc.
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Cold Chain Technologies
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Creopack
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Orora Group
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Cryopak A TCP Company
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Intelsius
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Pelican Products, Inc.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Softbox
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Sofrigam
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Sonoco Thermo Safe
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Use Cases and Best Practices
15. Conclusion
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