Cold Chain Packaging Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Cold chain packaging is extensively used in providing efficient refrigeration to food, beverages, pharmaceuticals during the time of preservation, transportation, and distribution. While the growing inclination towards reusable packaging is changing the market outlook across the globe, the steady expansion of the food & beverages industry is further increasing the sales footprint of manufacturers.

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“The growth of the cold storage packaging industry is gaining momentum with the surge in demand from the food & beverages industry. While the advanced cold storage packaging solutions are being devised by manufacturers, the rise in demand from pharmaceuticals industry is further fueling the sales of cold storage packaging. The steady growth of the pharmaceutical industry will complement demand from traditional channels,” says an FMI analyst.

The key players in the global cold chain packaging market are experiencing fierce competition. In order to leverage the upcoming opportunities, they are started with launching diverse cold chain packaging solutions.
For instance,
Pelican Products launched its new range of cold storage packaging solutions such as NanoCool Instantly Cooled Parcel, Dry Ice Parcel, and others in the last year

Sonoco ThermoSafe launched its new extensive range of cold chain packaging solutions such as Durable Insulated Containers, Protective Cold Chain Packaging, and others in the last year

The demand for cold chain packaging solutions has increased significantly with the growing requirement from the food, beverages, and pharmaceutical industries. Growing consumer inclination toward cosmetics and personal care products has further fueled the sales of cold chain packaging. According to the Future Market Insights (FMI), the global cold chain packaging market is anticipated to grow at over 14.5% CAGR during the forecast period between 2020 and 2030.

Why Sustainability is Key for Cold Chain Packaging Manufacturers?
With the rise in environmental concern, the inclination towards bio-degradable products has brought major changes in the cold chain packaging industry. In order to meet the sustainability goals, the manufacturers are focusing on reusable packaging solutions. As stated in the State of the Industry Report 2020 published by the Reusable Packaging Association (RPA), the global reusable transport packaging market including cold chain packaging is highly lucrative and evolving fast.

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Key Segments:

Product Type
Pallet Shippers
Insulated Containers
Foam Bricks
Gel Packs
Protective Packaging (Foams Sheets, etc.)
Phase Change Cold Storage Products (Plates, Microcapsules, Bags and Balls)

End Use
Food
Pharmaceutical
Cosmetics & Personal Care
Chemical

What Keeps Germany Cold Chain Packaging Market Ticking?
Germany is one of the prominent packaging markets globally. Backed by the rapidly growing demand for reusable packaging and the exponential growth of the key end-use industries such as food, beverages, pharmaceutical, chemical, and others, Germany is in the spotlight for the cold chain packaging manufacturers.

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Key Takeaways
Phase change cold storage products such as plates, micro capsules, bags, and balls continue to witness high demand
Reusable packaging formats continue to outsell other variants
Polymer to exhibit hegemony for being the most preferred material in the manufacturing of cold chain packaging
The steady growth of the food industry will continue to create opportunities

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.