Cold chain packaging is a system of packaging and shipping goods maintaining a consistent temperature from manufacture to final destination. Cold chain packaging materials help keep the products within their required temperature range during transit, whether at frozen, refrigerated or controlled room temperatures. It reduces losses and protect product quality.
According to the new market research report "Global Cold Chain Packaging Market Report 2024-2030", published by QYResearch, the global Cold Chain Packaging market size is projected to grow from USD 3293 million in 2023 to USD 8091 million by 2030, at a CAGR of 13.9% during the forecast period.
Figure. Global Cold Chain Packaging Market Size (US$ Million), 2019-2030
Above data is based on report from QYResearch: Global Cold Chain Packaging Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Figure. Global Cold Chain Packaging Top 10 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
This report profiles key players of Cold Chain Packaging such as Sonoco ThermoSafe, Cryopak, Sofrigam, Polar Tech, Cold Chain Technologies, CSafe, IPC, PALLITE, Tempack, Krautz-TEMAX, etc.
In 2023, the global top five Cold Chain Packaging players account for 30% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Cold Chain Packaging.
Market Drivers:
Growth in biologics, pharmaceuticals, and food industries driving increased demand for cold chain packaging.
Rise in global trade and cross-border e-commerce increasing the need for international cold chain transportation.
Increasing regulatory requirements for temperature control and monitoring prompting businesses to adopt more reliable and efficient cold chain packaging solutions.
Restraint:
High cost is a major limiting factor for adopting cold chain packaging, especially for smaller enterprises or SMEs in emerging markets.
Complexity in long-distance transportation and international trade may pose challenges in packaging design and implementation.
Sustainability and environmental impact of cold chain packaging become increasingly important considerations, potentially limiting the use of some traditional materials.
Opportunity:
Technological innovations and advancements in material science provide lighter, more efficient, and environmentally friendly solutions for cold chain packaging.
Expansion and diversification in biologics, pharmaceuticals, and food markets provide growth opportunities for cold chain packaging.
Application of Internet of Things (IoT) and big data analytics enables more precise temperature monitoring and tracking for cold chain packaging, improving visibility and control during transportation.
About The Authors
Yang Yang - Lead Author
Email: yangyang@qyresearch.com
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.