Dry Ice Market Showing Strong Growth: Expected CAGR of 7.6% | Linde plc, Air Products and Chemicals, Inc., Continental Carbonic Products

The global dry ice market is estimated to be valued at USD 1.67 Bn in 2025 and is expected to reach USD 2.79 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2025 to 2032.

According to a new report by Coherent Market Insights, titled "Dry Ice Market Size 2025, provides insightful information about regional and international markets that are anticipated to expand between 2025 and 2032. This thorough study looks at the competitive landscape, value chain analysis, major market segments, geographical trends, and changing market dynamics. It also offers a thorough analysis of the forces and limitations influencing the market. As a vital resource for business experts, legislators, stakeholders, investors, and newcomers, the study also identifies successful tactics and promising prospects. They can discover strategic methods, investigate market growth prospects, and obtain a competitive advantage in the Dry Ice by utilizing these insights.

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The dry ice market is witnessing high growth owing to increased demand from food processing industry where it is used for freezing, chilling and preserving various food products during transportation. It is estimated that over 30% of dry ice globally is consumed by food processing industry. Another key factor driving the market is use of dry ice in entertainment industry for fog and smoke effects during concerts, stage performances and in movie productions. Dry ice filled projectiles are also gaining popularity in airsoft guns that further aid market expansion during forecast period. However, low awareness about dry ice handling safety and stringent transportation regulations continue to hamper market growth to some extent.

Increased Usage of Dry Ice in Food Packaging is Driving the Market Growth

The usage of dry ice in food packaging has increased significantly over the past few years. Dry ice helps in maintaining the cold chain during transportation of perishable food items like meat, seafood, fruits and vegetables from the production facilities to retail outlets. It ensures that the food quality remains intact without any spoilage. The growing demand for frozen and chilled food from consumers coupled with expanding cold chain infrastructure across regions is fueling the adoption of dry ice in food packaging. Various food producers and distributors are incorporating dry ice into their supply chain logistics to effectively transport temperature sensitive products to distant markets.

Growing Demand for Cryotherapy and Sublimation Machines Opens New Market Opportunities

Dry ice in the form of solid carbon dioxide is increasingly being used in cryotherapy and sublimation processes. In cryotherapy, dry ice is used to rapidly freeze and destroy abnormal tissues such as skin lesions, warts and other infections. Meanwhile, in sublimation, dry ice transforms directly from solid to gas without passing through liquid state. This property allows dry ice to be used for many special effect applications like smoke machines, fog effects, textile freezing and food coloring. With rising awareness about benefits of cryotherapy and growing demand for special effects in entertainment industry, there is huge potential for dry ice consumption through sublimation machines. This presents lucrative opportunities for dry ice producers to expand their portfolio and diversify into manufacturing cryotherapy and sublimation equipment.

Transition Towards Renewable Dry Ice Production is the Emerging Market Trend

With growing environmental concerns, there is a major shift towards use of renewable energy across various industries. The dry ice production industry is no exception to this trend. Earlier, dry ice was primarily generated through industrial process of compressed air that produced carbon dioxide as a by-product. However, with green technologies becoming mainstream, renewable routes for dry ice production such as geothermal or solar powered systems are emerging. These renewable dry ice generators leverage natural sources like geothermal water or solar panels for producing carbon dioxide through environment friendly methods. The production is also more distributed and decentralized. The transition towards renewable dry ice production helps reduce carbon footprint. It aligns with sustainability initiatives of governments and enterprises. This presents an emerging trend that is likely to accelerate mainstream adoption of green dry ice generation methods over the coming years.

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Following are the Market players analyzed in the report:

◘ Linde plc
◘ Air Products and Chemicals Inc.
◘ Continental Carbonic Products Inc.
◘ Messer Group GmbH
◘ Praxair Technology Inc.
◘ The Ice Company
◘ Ice-Box
◘ American Dry Ice
◘ Dry Ice Corp.
◘ Polar Ice
◘ Cryo-Cell International Inc.
◘ A.G. Halls
◘ Kauffman's
◘ Yara International ASA
◘ INEOS Group Holdings S.A.

Market Report Segmentation Includes:

By Type: Sliced, Pellets, Blocks, and Others
By Production Method: Liquid CO2 Method, Dry Ice Pellets from CO2 Gas, and Others
By Application: Food & Beverage, Healthcare, Manufacturing, and Others
📍 By Regions and Countries:

➢ North America (United States, Canada, and Mexico)
➢ Europe (Germany, France, UK, Russia, Italy)
➢ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
➢ Latin America (Brazil, Argentina, Colombia)
➢ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

✅ Key Benefits Of Report:
⏩ Quantitative analysis of market segments, trends, estimations, and dynamics (2025-2032).
⏩ Insights into key drivers, restraints, and opportunities.
⏩ Porter's Five Forces analysis for strategic decision-making.
⏩ Segmentation analysis to identify market opportunities.
⏩ Revenue mapping of major countries by region.
⏩ Benchmarking and positioning of market players.
⏩ Analysis of regional and global trends, key players, and growth strategies.

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Key Reasons for Buying the Global Dry Ice Report:

➤ Comprehensive analysis of the changing competitive landscape
➤ Assists in decision-making processes for the businesses along with detailed strategic planning methodologies
➤ The report offers forecast data and an assessment of the Global Dry Ice Industry
➤ Helps in understanding the key product segments and their estimated growth rate
➤ In-depth analysis of market drivers, restraints, trends, and opportunities
➤ Comprehensive regional analysis of the Global Dry Ice Industry
➤ Extensive profiling of the key stakeholders of the business sphere
➤ Detailed analysis of the factors influencing the growth of the Global Dry Ice Industry

Table of Content:

1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social, and Technological) Analysis Opportunities of Dry Ice Market
2 Market Trends and Competitive Landscape
3 Segmentation of Dry Ice Market by Types
4 Segmentation of Dry Ice Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Dry Ice Market in Major Countries
7 North America Dry Ice Landscape Analysis
8 Europe Dry Ice Landscape Analysis
9 Asia Pacific Dry Ice Landscape Analysis
10 Latin America, Middle East & Africa Dry Ice Landscape Analysis
11 Major Players Profile

Questions Answered by the Report:

(1) Which are the dominant players of the Dry Ice Industry?
(2) What will be the Dry Ice Market Size in the coming years?
(3) Which segment will lead the Dry Ice Market Growth?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Dry Ice Market Challenges?
(6) What are the go-to strategies adopted in the Dry Ice Market?

Author of this marketing PR:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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