Mobile Cold Chain Packaging Market: Increasing Demand for Temperature-Controlled Logistics from Healthcare Sector

Cold Chain Packaging Market
Cold Chain Packaging Market 


The global Cold Chain Packaging Market is estimated to be valued at US$ 22.39 billion in 2022 and is expected to exhibit a CAGR of 9.70% over the forecast period 2022-2030.


Market Overview:

Cold chain packaging products such as insulated containers, boxes, and packaging maintain the required temperatures of temperature-sensitive products during transit and storage. These packaging solutions use phase change materials, gel packs, dry ice, refrigerants, and other innovative technologies to keep products cool throughout the supply chain. They play a vital role in ensuring the efficacy and safety of pharmaceuticals, food, and other temperature-critical goods.

Market key trends:

One of the major trends observed in the cold chain packaging market is the rising implementation of sustainable packaging solutions. Market players are focusing on developing innovative cold chain packaging products made from recycled or recyclable materials in order to reduce plastic waste. For example, some manufacturers are utilizing materials such as recycled PET, recycled cardboard, biodegradable fabrics for manufacturing insulated covers and liners. This helps lower carbon footprint and support environmental sustainability initiatives of companies across industries.

Segment Analysis

The global cold chain packaging market is segmented by product type, material type, application, and region. Based on product type, the market is divided into insulated container/shippers, insulated packages, refrigerator trucks, aircraft containers, and others. Insulated container/shippers dominated the segment in 2021 as they provide effective temperature-controlled supply chain solutions for temperature-sensitive products. Based on material type, the market is bifurcated into plastic, metal, wood, and others. The plastic segment led the market in 2021 due to the high use of plastic in producing durable and lightweight packaging solutions.

Key Takeaways

The global cold chain packaging market is expected to witness high growth, exhibiting CAGR of 9.70% over the forecast period, due to increasing demand for perishable food items and temperature-sensitive drugs.

- Regional analysis: North America dominated the cold chain packaging market in 2021, accounting for around 35% share of the global market. Asia Pacific is expected to be the fastest growing region, exhibiting a CAGR of over 11% during the forecast period due to growing pharmaceutical and food industries in countries such as China and India.

- Market size: The global cold chain packaging market was valued at US$ 22.39 Bn in 2021 and is projected to reach US$ 50.15 Bn by 2030.

- Key players: Key players operating in the cold chain packaging market are Pelican BioThermal LLC, Sonoco Thermosafe, Cold Chain Technologies Inc., Cryopak, Sofrigam Company, Intelsius (A DGP Company), Coolpac, Softbox Systems Ltd, Clip-Lok SimPak, and Chill-Pak. These players are focusing on new product launches and mergers & acquisitions to strengthen their market position.

Read More:

https://www.dailyprbulletin.com/cold-chain-packaging-market-driving-by-advancements-in-thermal-and-moisture-stability/

 

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