Cold Chain Packaging Market Growth, Size, Trends, Revenue, Challenges and Future Competition
Cold Chain Packaging Market Size- By Product Type, By Application, By Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2023 | Report ID: PACK2321 | Pages: 1 - 235 | Formats*: |
| Category : Packaging | |||
Cold Chain Packaging Market Introduction and Overview
According to SPER Market Research, the Global Cold Chain Packaging Market is estimated to reach USD 72.39 billion by 2033 with a CAGR of 11.13%.
The report includes an in-depth analysis of the Global Cold Chain Packaging Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "Cold Chain Packaging" describes the careful handling and packing of temperature-sensitive goods to keep them within the specified temperature range while in transit, storage, and distribution. The continuous temperature-controlled supply chain known as a "cold chain" is used to maintain the quality, effectiveness, and safety of products that are susceptible to temperature changes, such as medications, vaccines, biotechnology products, and perishable items like food and beverages. Cold chain packaging is intended to shield goods from severe heat or cold and keep them within a predetermined temperature range as they travel from the place of origin to the end user or destination.
- Incorporation of Smart Technologies: The incorporation of smart technology allows for better monitoring of temperature-sensitive goods and increased supply chain visibility. Examples of these technologies include IoT-enabled sensors and real-time tracking systems.
- Increasing Demand for Products Which Are Temperature-Sensitive: The need for efficient cold chain packaging solutions to guarantee product integrity and safety throughout transportation and storage was driven by the increased demand for temperature-sensitive products, such as pharmaceuticals, vaccines, biotechnology products, and perishable food items.
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Market Opportunities and Challenges
The global cold chain packaging market offers growth opportunities due to advancements in technology, changing consumer behaviour, and the growing demand for temperature-controlled logistics. Key opportunities include the pharmaceutical and healthcare industry, e-commerce and online grocery delivery, and sustainable packaging solutions. The pharmaceutical and healthcare sectors require reliable cold chain solutions for temperature-sensitive drugs, vaccines, biologics, and medical devices. E-commerce and online grocery delivery also demand cold chain packaging for pristine perishable goods. Sustainable packaging solutions, such as biodegradable and recyclable materials, are essential for reducing environmental impact and maintaining product integrity during transportation.
The global cold chain packaging market faces several challenges, including strict regulatory compliance, temperature variability, high costs, and limited infrastructure. Regulatory compliance is crucial in sectors like pharmaceuticals and healthcare, as non-compliance can lead to legal and financial consequences. Temperature variability is critical for the efficacy and safety of temperature-sensitive products, posing a significant challenge for cold chain packaging providers. High costs, specialized materials, temperature-monitoring devices, and insulated containers can deter smaller businesses from entering the market. Insufficient infrastructure in developing countries can hinder the effective distribution of temperature-sensitive products and limit the market's growth.
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Market Competitive Landscape
A combination of well-established competitors and up-and-coming businesses characterised the competitive environment of the Global Cold Chain Packaging Market. The dynamics of the market were driven by elements including the rising need for temperature-controlled logistics and the requirement to carry perishable commodities, biotechnology products, and pharmaceuticals safely across numerous sectors. The key player operating in Global Cold Chain Packaging Market are Cold Chain Technologies, CREOPACK, Cryopak, Intelsius, Nordic Cold Chain Solutions, Orora Group, Peli BioThermal, Sealed Air Corporation, Sofrigam Company, Softbox Systems Ltd, Sonoco Thermosafe, Tempack, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Application, By Material |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America, Others |
| Companies Covered | Cold Chain Technologies, CREOPACK, Cryopak, Intelsius, Nordic Cold Chain Solutions, Orora Group, Peli BioThermal, Sealed Air Corporation, Sofrigam Company, Softbox Systems Ltd, Sonoco Thermosafe, Tempack, Others. |
COVID-19 Impact on Global Cold Chain Packaging Market
The COVID-19 pandemic significantly impacted the global cold chain packaging market, increasing demand for cold chain logistics to transport and distribute temperature-sensitive goods like vaccines, pharmaceuticals, and perishable food items. Reliable cold chain packaging solutions became critical to maintain product integrity and ensure safety. The global race to distribute vaccines put immense pressure on cold chain infrastructure and packaging capabilities, such as ultra-low temperature storage developed by Pfizer-BioNTech and Moderna. Supply chain disruptions, including lockdowns, travel restrictions, and factory closures, led to delays and shortages in packaging materials, refrigerants, and temperature-monitoring devices.
Key Target Audience
- Agricultural and Horticultural Producers
- Cold Chain Consultants and Service Providers
- Cold Chain Packaging Manufacturers
- E-commerce and Online Retailers
- Food and Beverage Industry
- Retailers
- Government and Regulatory Agencies
- Logistics and Transportation Companies
- Pharmaceutical and Healthcare Industry
- Research and Development Institutions
Our in-depth analysis of the Cold Chain Packaging Market includes the following segments:
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| By Application: |
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| By Material: |
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Key Topics Covered in the Report
- Global Cold Chain Packaging Market Size (FY’2023-FY’2033)
- Overview of Global Cold Chain Packaging Market
- Segmentation of Global Cold Chain Packaging Market By Product Type (EPS Containers, Pallet Shippers, PUR Containers, Vacuum Insulated Panels, Others)
- Segmentation of Global Cold Chain Packaging Market By Application (Food, Industrial, Pharmaceuticals, Others)
- Segmentation of Global Cold Chain Packaging Market By Material (Hydrocarbon, Insulating Material, Refrigerants)
- Statistical Snap of Global Cold Chain Packaging Market
- Expansion Analysis of Global Cold Chain Packaging Market
- Problems and Obstacles in Global Cold Chain Packaging Market
- Competitive Landscape in the Global Cold Chain Packaging Market
- Impact of COVID-19 and Demonetization on Global Cold Chain Packaging Market
- Details on Current Investment in Global Cold Chain Packaging Market
- Competitive Analysis of Global Cold Chain Packaging Market
- Prominent Players in the Global Cold Chain Packaging Market
- SWOT Analysis of Global Cold Chain Packaging Market
- Global Cold Chain Packaging Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Cold Chain Packaging Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Cold Chain Packaging Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Cold Chain Packaging Market
7. Global Cold Chain Packaging Market, By Product Type (USD Million)
7.1. Global Cold Chain Packaging Market Value Share and Forecast, By Product Type, 2023-20337.2. EPS Containers7.3. Pallet Shippers7.4. PUR Containers7.5. Vacuum Insulated Panels7.6. Others
8. Global Cold Chain Packaging Market, By Application (USD Million)
8.1. Global Cold Chain Packaging Market Value Share and Forecast, By Application, 2023-20338.2. Food8.3. Industrial8.4. Pharmaceuticals
8.4.1. Vaccines8.4.2. Blood Banking
8.5. Others
9. Global Cold Chain Packaging Market, By Material (USD Million)
9.1. Global Cold Chain Packaging Market Value Share and Forecast, By Material, 2023-20339.2. Hydrocarbon9.3. Insulating Material
9.3.1. Expanded Polystyrene (EPS)9.3.2. Polyurethane rigid foam (PUR)9.3.3. Vacuum Insulated Panel (VIP)9.3.4. Cryogenic Tanks9.3.5. Others
9.4. Refrigerants
9.4.1. Fluorocarbons9.4.2. Inorganics
10. Global Cold Chain Packaging Market Forecast, 2019-2033 (USD Million)
10.1. Global Cold Chain Packaging Market Size and Market Share
11. Global Cold Chain Packaging Market, By Product Type, 2019-2033 (USD Million)
11.1. Global Cold Chain Packaging Market Size and Market Share By Product Type (2019-2026)11.2. Global Cold Chain Packaging Market Size and Market Share By Product Type (2027-2033)
12. Global Cold Chain Packaging Market, By Application, 2019-2033 (USD Million)
12.1. Global Cold Chain Packaging Market Size and Market Share By Application (2019-2026)12.2. Global Cold Chain Packaging Market Size and Market Share By Application (2027-2033)
13. Global Cold Chain Packaging Market, By Material, 2019-2033 (USD Million)
13.1. Global Cold Chain Packaging Market Size and Market Share By Material (2019-2026)13.2. Global Cold Chain Packaging Market Size and Market Share By Material (2027-2033)
14. Global Cold Chain Packaging Market, By Region, 2019-2033 (USD Million)
14.1. Global Cold Chain Packaging Market Size and Market Share By Region (2019-2026)14.2. Global Cold Chain Packaging Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific
14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada14.6.2. Mexico14.6.3. United States
14.7. Latin America
14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Cold Chain Technologies
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. CREOPACK
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Cryopak
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Intelsius
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Nordic Cold Chain Solutions
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Orora Group
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Peli BioThermal
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Sealed Air Corporation
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Sofrigam Company
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Softbox Systems Ltd
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Sonoco Thermosafe
15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments
15.12. Tempack
15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments
15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Cold Chain Packaging Market is projected to reach USD 72.39 billion by 2033, growing at a CAGR of 11.13% during the forecast period.
Cold Chain Packaging Market grew in market size from 2022. The Market is expected to reach USD 72.39 billion by 2033, at a CAGR of 11.13% during the forecast period.
Cold Chain Packaging Market CAGR of 11.13% during the forecast period.
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Cold Chain Packaging Market size is USD 72.39 billion from 2023 to 2033.
Cold Chain Packaging Market Segment is covered By Product Type, By Application, By Material.
The North America is anticipated to have the highest market share in the Cold Chain Packaging Market.
The key players in the market include Companies Covered Cold Chain Technologies, CREOPACK, Cryopak, Intelsius, Nordic Cold Chain Solutions, Orora Group, Peli BioThermal, Sealed Air Corporation, Sofrigam Company, Softbox Systems Ltd, Sonoco Thermosafe, Tempack, Others.
The term "Cold Chain Packaging" describes the careful handling and packing of temperature-sensitive goods to keep them within the specified temperature range while in transit, storage, and distribution.
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