The global cold chain packaging market size was valued at USD 25.39 billion in 2023 and is projected to be USD 28.14 billion in 2024 to USD 64.93 billion by 2032, exhibiting a CAGR of 11.02% during the forecast period. The development of products and services coupled with the adoption of recyclable materials may enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “Cold Chain Packaging Market, 2024-2032.”
Source: https://www.fortunebusinessinsights.com/cold-chain-packaging-market-102829
Report Coverage
The report provides a detailed analysis of the top segments and latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Segments
Pallet Shippers Segment to Dominate Attributable to Larger Capacity
By product type, the market is segmented into EPS containers, PUR containers, pallet shippers, vacuum insulated panels, and others.
The pallet shippers segment is expected to dominate, attributable to its larger capacity and universal temperature protection coverage. Further, their reusable and effective nature during shipping may enhance demand.
Food Segment to Hold Largest Market Share Backed by Rising Product Applications
Based on application, the market is classified into pharmaceuticals, food, and industrial.
The food segment is expected to hold the largest cold chain packaging market share due to rising vaccines, medicines, and medical drugs adoption. Furthermore, strong investments by the pharmaceutical packaging industry are expected to enhance the cold chain packaging industry’s progress.
Driving Factors
Robust Demand from the Pharmaceutical Industry to Propel Market Growth
Cold chain packaging is a technique that involves the shipping and packaging of products requiring specific temperatures. The strong demand for the product from the pharmaceutical industry is expected to enhance its adoption.