Cold Chain Packaging Market to Reach $63.48 Billion by 2029, at a CAGR of 15.2%
28 Jan, 2025
What Has Driven the Growth of the Cold Chain Packaging Market Size in Recent Years?
The cold chain packaging market has expanded rapidly in recent years, due to several influential factors.
• The market size has grown from $31.69 billion in 2024 to $36.02 billion in 2025 at a compound annual growth rate (CAGR) of 13.6%.
The growth in the historic period can be attributed to the expansion of global pharmaceutical and healthcare industries, the rise in demand for temperature-sensitive biologics and vaccines, the increased focus on food safety and quality, the growth in global trade of frozen and chilled foods, and the expansion of the biotechnology and life sciences sector.
What Could Be the Potential Market Size and Growth for the Cold Chain Packaging Market in the Future?
The cold chain packaging market promises rapid growth in the upcoming years.
• The market is projected to grow to $63.48 billion in 2029 at a compound annual growth rate (CAGR) of 15.2%.
The anticipated growth can be attributed to the expansion of e-commerce and online grocery delivery services, the adoption of cold chain technologies in emerging markets, increasing importance of last-mile delivery in cold chain, market growth in the cell and gene therapy sector, and the rising demand for sustainable and eco-friendly packaging solutions. Innovations in insulation and thermal barrier materials, active and passive temperature-controlled packaging, integration of IoT and sensor technologies, single-use and eco-friendly packaging solutions, pharmaceutical packaging with serialization and traceability, are major market trends.
What Are the Key Drivers for the Cold Chain Packaging Market Growth?
Rapid urbanization is a significant factor anticipated to drive the growth of the cold chain packaging market. Urban development necessitates a greater amount of resources to keep up with the increasing population and their demands. As the rising population triggers demand for food products, changing lifestyles are prompting consumers to opt for processed and easy-to-eat food items, such as frozen fruits and vegetables, dairy products, seafood, and meat. These items require efficient packaging in transit and storage, facilitated by cold chain packaging. For instance, the UN Conference on Trade and Development projects the total urban population to reach 6.605 billion by 2050 from 4.54 billion as of July 2022.
How Is the Cold Chain Packaging Market Segmented?
The cold chain packaging market covered in this report is segmented as follows:
1) By Product: Crates, Insulated Container and Boxes, Cold Packs, Label, Temperature Controlled Pallet Shippers.
2) By Material Type: Expanded Polystyrene (EPS), Vacuum Insulated Panel (VIP) Solutions, Polyurethane (PUR).
3) By Application: Fruits and Vegetables, Fruit and Pulp Concentrates, Dairy Products, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Bakery and Confectionaries.
What Are the Trends Shaping the Cold Chain Packaging Market?
The increasing focus on sustainable cold chain packaging is a key trend gaining popularity in this market. Companies are investing in reusable, multi-use, materials-based temperature-controlled packaging solutions. These sustainable packaging products are cheap in the long term as they can be reused and offer environmentally friendly options with fewer CO2 emissions. For instance, in January 2022, Packaging Technology Group announced the industry's first extended-duration, a curbside recyclable thermal shipper that maintains 2-8 °C for 72 hours.
Who Are the Key Players in the Cold Chain Packaging Market?
Major companies in the cold chain packaging market include:
• Cold Chain Technologies Inc.
• Cryopak Industries Inc.
• Sofrigam Company
• CCL Industries Inc.
• Sealed Air Corporation
• Pelican BioThermal LLC
• Sonoco Thermosafe
• Intelsius a DGP Company
• Softbox Systems Ltd.
• Envirotainer AB
What Is the Dominant Region in the Cold Chain Packaging Market?
Western Europe was the largest region in the cold chain packaging market in 2024. Other regions covered in the cold chain packaging market report include Asia-Pacific, Eastern Europe, North America, South America, Middle East and Africa.