The global cold chain packaging refrigerants market is projected to grow from USD 1.61 billion in 2022 to an estimated USD 3.36 billion by 2032.
This growth is expected at a Compound Annual Growth Rate (CAGR) of 7.7% between 2023 and 2032.
North America commands a significant share of the market, holding 37% in 2021 (approx. USD 99 billion).
The regionโs dominance is attributed to advanced logistics infrastructure, e-commerce demand, and stringent regulatory standards.
Asia plays a pivotal role in the cold chain industry, driven by economic growth, population expansion, and increased demand for temperature-controlled logistics.
Countries like China and India witness a surge in cold chain needs due to rapid industrialization and urbanization.
Gel packs are crucial in preserving temperature-sensitive goods during transportation, especially in pharmaceuticals and biotechnology.
Continuous innovations, including plant-based gel packs, enhance their sustainability and adaptability.
Cold chain packaging is crucial for the food and beverage sector, ensuring the integrity and freshness of perishable products during transportation.
Approximately 90% of perishable products are transported using refrigerated containers, supporting global trade.
Cold chain packaging plays a vital role in distributing temperature-sensitive medical supplies, especially COVID-19 vaccines.
The pandemic accelerates innovations in the cold chain industry to meet unprecedented demand.
Growing trend towards environmentally friendly refrigerants due to increased awareness and a focus on phasing out high-GWP refrigerants.
Innovations include intelligent packaging solutions with integrated sensors for real-time tracking of temperature conditions during transportation.
Emergence of online grocery services drives increased demand for cold chain shipping services for punctual delivery of perishable goods.
Growth of e-commerce influences the cold chain packaging market, requiring solutions for maintaining temperature integrity during last-mile delivery.
Increasing emphasis on energy-efficient refrigeration systems and packaging solutions to reduce environmental impact.
Dominant leader in the cold chain packaging refrigerants market, holding 37% market share in 2021 (approx. USD 99 billion).
Advanced logistics infrastructure, e-commerce demand, and regulatory standards contribute to its prominence.
Emerging as a significant player, driven by economic growth, population expansion, and increased demand for temperature-controlled logistics.
Countries like China and India witness a surge in cold chain needs due to rapid industrialization and urbanization.
Gel Packs, Dry Ice, Foam Bricks.
Food & Beverage, Pharmaceuticals, Industrial.
North America, Europe, Asia Pacific, LAMEA.
Infrastructure expansion is expected to drive increased cooling needs, leading to a surge in refrigerant demand and significant market growth.
Industry trends include a growing focus on sustainability, with a shift towards eco-friendly packaging solutions and reusable gel packs.
The pandemic emphasizes the crucial role of cold chain packaging refrigerants in ensuring the safe and efficient distribution of temperature-sensitive medical supplies, particularly vaccines.
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