The globalcold chain packaging market size was valued at USD 25.39 billion in 2023and is projected to be USD 28.14 billion in 2024 to USD 64.93 billion by 2032,
exhibiting a CAGR of 11.02% during the forecast period. The development of products andservices coupled with the adoption of recyclable materials may enhance the
industry’s growth. Fortune Business Insights™ presents thisinformation in its report titled “Cold Chain Packaging Market, 2024-2032.”
ReportCoverage
Thereport 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.
Segments
PalletShippers Segment to Dominate Attributable to Larger Capacity
Byproduct type, the market is segmented into EPS containers, PUR containers,
pallet shippers, vacuum insulated panels, and others.
Thepallet 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.
FoodSegment to Hold Largest Market Share Backed by Rising Product Applications
Basedon application, the market is classified into pharmaceuticals, food, and
industrial.
Thefood 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.
DrivingFactors
RobustDemand from the Pharmaceutical Industry to Propel Market Growth
Coldchain 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.
