Cold Chain Packaging Market Size & Share | Industry Trends Analysis Report for 2033

ByNiranjan karde

The United States & Canada cold chain packaging market is on a robust growth trajectory, poised to exceed a valuation of US$ 6.9 billion in 2023. This surge is underpinned by a remarkable compound annual growth rate (CAGR) of 12.2% projected for the period from 2023 to 2033, ultimately reaching an impressive valuation of US$ 21.8 billion by 2033.

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In this market, the top 5 cold chain packaging manufacturers are set to command a significant share, accounting for approximately 10% to 15% of the total market by 2023. The bakery & confectionery as well as meat, poultry, and seafood industries are expected to drive substantial demand for cold chain packaging solutions.

The escalating consumption of packaged foods, particularly in categories like meat and dairy products, is a key driver fueling market expansion. The cold chain packaging sector in the United States & Canada is anticipated to expand nearly 2.7 times its current market value by the end of 2033. The food & beverage industry stands out as a prominent end-user, highlighting the critical role of cold chain packaging in preserving product integrity and safety.

Vacuum-insulated packaging delivers key benefits over polyurethane and expanded polystyrene-based insulated shippers. VIP-based shippers are comparatively lighter and smaller in weight.

Key Takeaways:

  • The polymer segment by material type is likely to hold around US$ 15.2 Billion of the market value in 2033.
  • The paper segment is estimated to witness a gain of 2.1x times by value and a CAGR of 14.2% during the forecast period.
  • The gel packs segment by product type is anticipated to witness a 12.6% CAGR from 2023 to 2033.
  • Phase change cold storage products segment is estimated to witness a gain of 3.8 times its value by the end of 2033.
  • The reusable packaging segment by packaging format is anticipated to witness a CAGR of 12.7% in the assessment period.

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Market Categorization:

By Product Type:

  • Pallet Shippers
  • Insulated Containers
  • Foam Bricks
  • Gel Packs
  • Protective Packaging
  • Phase Change Cold Storage Products

By Material Type:

  • Polymer
    • Polyethylene
    • Polypropylene
    • PET
    • EPS
    • Polyurethane
    • Others (PVC, Nylon, Teflon)
  • Metal
  • Paper

By Packaging Formats:

  • Reusable Packaging
  • Disposable Packaging

By End Use:

  • Food
  • Beverages
  • Pharmaceutical
  • Cosmetics & Personal Care
  • Chemical
  • Others (Textile, Electronics, Research Institutes, Building & Construction)

By Country:

  • United States
  • Canada