Cold Chain Packaging Market Size, Share, Trends, Growth and Forecast 2032

Cold Chain Packaging Market Insights

Zion Market Research has published a report on the global Cold Chain Packaging Market, estimating its value at USD 28.82 Billion in 2023, with projections indicating that it will reach USD 99.02 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 14.7% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Cold Chain Packaging Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Cold Chain Packaging Market: Overview

With numerous vaccines for combating the COVID-19 pandemic receiving regulatory approvals and achieving commercialization across the globe, pharmaceutical companies have been striving to meet the challenges pertaining to logistics in order to ensure maximum safety and effectiveness of COVID-19 vaccines.

The labeling, packaging, and distribution of products including COVID-19 vaccines and cell & gene therapy medical products necessitates the storage and processing at ultra-low temperatures, often ranging between −20 to −80 °C. Such products become unusable if the temperatures are not maintained efficiently and rapidly. The greater degree of risk and complexity while handling similar sensitive medical products requires highly effective techniques. In order to ensure optimal consistency in temperature ranges, humidity and temperature sensors are being deployed by the leading cold chain packaging companies.

Global Cold Chain Packaging Market is a thriving and essential industry that plays a critical role in preserving the quality and safety of temperature-sensitive products throughout the supply chain. The increasing demand for temperature-sensitive pharmaceuticals and biologics, driven by the growth of the healthcare sector and the need for safe and effective drug delivery, fuels the market. Additionally, the rising global trade of perishable food and beverages, including fresh produce and frozen products, creates a substantial demand for reliable cold chain packaging solutions. Moreover, stringent regulations and quality standards imposed by regulatory bodies and industry associations regarding the transportation and storage of temperature-sensitive products drive the adoption of specialized packaging solutions. The need to prevent product spoilage, comply with temperature requirements, and mitigate the risk of product recalls further contributes to market growth. However, the market faces certain restraints, such as the high cost of temperature-controlled packaging materials, the complexity of maintaining temperature integrity throughout the supply chain, and the need for specialized infrastructure and equipment.

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Global Cold Chain Packaging Market: Growth Factors

The surge in the requirement of medical products especially in the context of the COVID-19 pandemic has been a primary growth factor of the global cold chain packaging market size. The healthcare packaging industry has been leveraging cold chain packaging across its rising number of clinical trials, various types of vaccines, and most prominently in biopharmaceutical logistics.

The increased focus on offering the best packaging alternatives when handling temperature-sensitive drugs has been fueling the global cold chain packaging market forecast. The maintenance of required temperature ranges is becoming mandatory with numerous government regulations governing these products. For instance, the Chinese government has been executing stringent handling methodologies through real-time tracking of all pharmaceutical shipments.

The development of novel sustainable designs and mechanical testing methods for testing the durability and performance of innovative thermal packaging systems has been ensuring a steady progress of the global cold chain packaging market outlook. The expansion rate might be hindered due to the higher costs of these packaging solutions. However, the deployment of latest technologies such as Internet of Things (IoT) and artificial intelligence (AI) will ensure a consistent growth of the global market share.

Global Cold Chain Packaging Market: Segmentation

The global cold chain packaging market could be differentiated by product type, material type, application type, and region.

Based on product type, the market has been classified as gel packs & bricks, parcel containers, temperature loggers, Phase Change Materials (PCMs), pallet containers, insulated shipping containers, and others.

On the basis of material type, the global market has been segregated into fabricated EPS, vacuum insulated panel (VIP) solutions, expanded polystyrene (EPS), polyurethane (PUR), molded EPS, and others.

By application type, the global market is categorized into clinical trial distribution, pharmaceutical packaging, medical systems packaging, food & beverages, and others, among others.

Global Cold Chain Packaging Market: Regional Analysis

North America is poised for remarkable growth through the projected timeframe, on account of strict adherence to regulatory standards and implementation of best practices in the healthcare sector. The availability of latest storage solutions including cutting-edge refrigeration systems and freezers even during transportation in the region has been fostering the global cold chain packaging market forecast. With helpful resources such as the Vaccine Storage and Handling Toolkit issued by the Centers for Disease Control and Prevention (CDC), the efforts for executing best practices are receiving considerable support.

Asia Pacific is set to exhibit a robust demand for these packaging solutions over the forthcoming years, promoted by robust pharmaceutical sector, enhanced cybersecurity safeguards, and improved transport & logistics facilities in the region. The presence of numerous leading pharmaceutical companies in countries such as India and China has been responsible for the high expansion rate of the global market share from this regional segment.

Europe is also projected to contribute considerably toward the overall market growth. By 2026, the region is expected to attain a high revenue share, boosting the global market outlook. The expansion can be attributed to the growth in the number of imports and exports of pharmaceutical products, enhanced warehousing techniques, and shipping solutions in the region. The growing need for highly efficient logistics solutions used in the storage and transportation of agri-food products has also been a major enabler of the global cold chain packaging market share.

Cold Chain Packaging Market: Report Scope

Global Cold Chain Packaging Market: Competitive Players

• CCL Industries
• Clondalkin Group
• Cyropal Industries Inc.
• Dgp Intelsius LLC.
• Sealed Air Corporation
• Gerresheimer
• Pelican BioThermal
• CREOPACK
• Intelsius
• Tempack
• Sonoco Thermosafe
• Nordic Cold Chain Solutions
• Sofrigam
• Amcor Limited.

The Global Cold Chain Packaging market is segmented as follows:

By Product Type

• Gel Packs & Bricks
• Parcel Containers
• Temperature Loggers
• Phase Change Materials (PCMs)
• Pallet Containers
• Insulated Shipping Containers
• Others

By Material

• Fabricated EPS
• Vacuum Insulated Panel (VIP)
• Expanded Polystyrene (EPS)
• Polyurethane (PUR)
• Molded EPS
• Others

By Application

• Clinical Trial Distribution
• Pharmaceutical Packaging
• Medical Systems Packaging
• Food & Beverages
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa