Cold Chain Packaging Market: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Cold Chain Packaging Global Market Report 2023 identifies Rapid urbanization as the major driver for the Cold Chain Packaging market's growth in the forecast period. Urbanization over the past years has led to urban development as cities and other urban areas require a new and much greater amount of resources to keep up with the increasing population and their demands. While the rising population is triggering demand for food products, changing lifestyles are prompting consumers to opt for processed and easy-to-eat food items. Processed food items such as frozen fruits and vegetables, dairy products, seafood, and meat have high demand across the world. Such food items require efficient packaging in transit and storage which is done with the help of cold chain packaging.

The global cold chain packaging market size grew from $24.67 billion in 2022 to $28 billion in 2023 at a compound annual growth rate (CAGR) of 13.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the global cold chain packaging is expected to grow to $46.57 billion in 2027 at a CAGR of 13.6%.

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Major competitors in the Cold Chain Packaging market are Cold Chain Technologies, Cryopak Industries Inc., Sofrigam Company, CCL Industries., Sealed Air Corporation, Sonoco Thermosafe, Intelsius (A DGP Company), Dgp Intelsius LLC, Softbox Systems, Pelican Products Inc., Creopack and Cascades Inc

A key trend in the Cold Chain Packaging market includes sustainable cold chain packaging. Companies have invested in CO2-efficient transport methods but are losing about 20% because of inefficient cooling methods that are not fully sustainable. Major cold chain packaging companies are investing in reusable, multi-use, materials-based temperature-controlled packaging solutions. Sustainable packaging products are cheap in the long term because they can be reused and offer environment-friendly options with fewer CO2 emissions, which is beneficial with governments setting regulations to reduce carbon emissions

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The Cold Chain Packaging market is segmented -
1) By Product: Crates, Insulated Container And Boxes, Cold Packs, Lable, Temperature Controlled Pallet Shippers
2) By Application: Fruits And Vegetables, Fruit And Pulp Concentrates, Dairy Products, Fish, Meat And Seafood, Processed Food, Pharmaceuticals, Bakery And Confectionaries
3) By Material Type: Expanded polystyrene (EPS), Vacuum insulated panel (VIP) solutions, Polyurethane (PUR)

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Cold Chain Packaging market.

The Business Research Company's "Global Cold Chain Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Cold Chain Packaging Market Include:
1. Executive Summary
2. Cold Chain Packaging Market Characteristics
3. Cold Chain Packaging Market Trends And Strategies
4. Cold Chain Packaging Market - Macro Economic Scenario
5. Cold Chain Packaging Market Size And Growth
........
26. Africa Cold Chain Packaging Market
27. Cold Chain Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cold Chain Packaging Market
29. Cold Chain Packaging Market Future Outlook and Potential Analysis
30. Appendix

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