According to Fortune Business Insights the global cold chain packaging market size was valued at USD 28.14 billion in 2024. It is projected to grow from USD 30.88 billion in 2025 and to USD 64.49 billion by 2032, exhibiting a CAGR of 11.09% 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, 2025-2032.
Cold chain packaging ensures temperature control for sensitive products like vaccines, produce, and biologics during transit. Sancell and Cold Chain Technologies are key players with major global market shares.
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Segmentation Analysis:
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.
Geographically, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
List of Key Players Profiled in the Cold Chain Packaging Market Report:
- Sancell (Australia)
- Sonoco ThermoSafe (U.S.)
- Polar Tech Industries Inc. (U.S.)
- Cold Chain Technologies (U.S.)
- Peli BioThermal (U.S.)
- Orora Group (Australia)
- CREOPACK (Canada)
- Sofrigam (France)
- Intelsius (U.K.)
- Nordic Cold Chain Solutions (U.S.)
- Tempack (Spain)
- Cryopak (U.S.)
- Softbox Systems (U.K.)
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.
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. It is used to package injections, vaccines, medicines, and other items requiring specific temperatures. According to Pharmaceutical Commerce Analysis of IQVIA, 2018, the cold chain accounts for nearly 18% of the total investments in pharmaceutical products. In addition, the rising overseas trade of pharmaceutical products may bolster the adoption of the packaging technique. These factors may drive the cold chain packaging market growth.
However, complex regulations and high costs associated with the packaging technique may hamper industry growth.
Competitive Landscape:
Prominent Players Deploy Acquisitions to Enhance Brand Image
Prominent companies operating in the market deploy acquisition strategies to enhance their brand image. For example, CSafe Global completed the acquisition of Softbox Systems in 2021 to dominate the industry as a supplier of cold packaging solutions to pharmaceuticals. Both companies shall offer one-stop solutions for temperature-sensitive products. Furthermore, players adopt acquisitions, mergers, partnerships, and product launches to enhance market position.
Key Industry Development:
- October 2023 – Cold Chain Technologies acquired Exeltainer, SL, a global supplier of isothermal packaging solutions for the pharmaceutical sector, with manufacturing facilities in Spain and Brazil.
- April 2023 – Mettcover Global launched a new warehouse in Pennsylvania, U.S., to efficiently store and distribute thermal covers and data loggers to customers nationwide.
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