U.S. Cold Chain Packaging Market

U.S. Cold Chain Packaging Market by Materials (Insulating Material [Cryogenic Tanks, PUR, EPS, VIP, and Others], and Refrigerants [Inorganics {CO2 and Ammonia}, Hydrocarbons, and Fluorocarbons]), Applications (Bakery & Confectionaries, Processed Food, Fruits & Vegetables, Fish, Meat & Seafood, Fruits & Pulp Concentration, Pharmaceuticals [Blood Banking and Vaccines], Dairy Products [Cheese, Milk, Ice-cream, and Butter], and Others), Products (Labels, Cold Packs, Temperature Controlled Pallet Shippers, Crates [Fisheries, Dairy, Horticulture, and Pharmaceuticals], and Insulted Container & Boxers [Payload Size {Petite, X-small, Small, Medium, and Large} and Types {Corrugated Box, Cold Chain Bags/ Vaccine Bag, and Others}]), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3179
  • Author: Growth Market Reports
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  • No. Of Pages: 202
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The U.S. cold chain packaging market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing demand of frozen and processed food in the cities.

U.S. Cold Chain Packaging Market summary

Cold chain packaging is a system of packing and transporting goods in a consistent and maintained temperature from manufacture to final destination. This packaging system is used for temperature sensitive products, such as meat, milk, vaccines, and blood bags. Along with temperature maintenance, cold chain solutions include complete protection from rough handling, jostling, bad weather, bumps, and quality maintenance during transportation. Cold chain packaging system is of two types, active and passive. Active system consists of electric or battery-powered temperature controls, while passive system consists of vacuum-insulated panels that can keep the product at a programmed temperature for up to 96 hours or longer.

The COVID-19 pandemic has considerable impact on the market. During pandemic, lockdown and social distancing norms imposed by government bodies disrupted food supply chain and restaurants were temporarily shutdown, which hampered the demand of cold chain packaging solutions. However, demand of this solution increased for the transportation of vaccines, blood bags, temperature sensitive drugs, samples, and other pharmaceutical agents.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing trend of easy to eat food items and processed food is one of the key factor driving the market growth.
  • Growing online grocery business needs cold chain packaging for delivery is projected to drive the market expansion during the forecast period.
  • Escalating cost of cold chain packaging material acts as a major challenge that can restrict the market growth in the coming years.
  • Increasing raw material cost can hamper the market growth during the projected timeline.
  • Using reusable cold chain packaging is projected to create significant growth opportunities for the market.

Scope of the Report

The report on the U.S. cold chain packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report

Attributes

Details

Report Title

The U.S. Cold Chain Packaging Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Materials (Insulating Material [Cryogenic Tanks, PUR, EPS, VIP, and Others], and Refrigerants [Inorganics {CO2 and Ammonia}, Hydrocarbons, and Fluorocarbons]), Applications (Bakery & Confectionaries, Processed Food, Fruits & Vegetables, Fish, Meat & Seafood, Fruits & Pulp Concentration, Pharmaceuticals [Blood Banking and Vaccines], Dairy Products [Cheese, Milk, Ice-cream, and Butter], and Others), and Products (Labels, Cold Packs, Temperature Controlled Pallet Shippers, Crates [Fisheries, Dairy, Horticulture, and Pharmaceuticals], and Insulted Container & Boxers [Payload Size {Petite, X-small, Small, Medium, and Large} and Types {Corrugated Box, Cold Chain Bags/ Vaccine Bag, and Others}])

Country

The U.S.

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Sofrigam SA; Va-q-tec AG; Sonoco Thermosafe; Creopack; and Softbox Systems, Inc.

Market Segment Insights

Growing concern about environment increases the refrigerants segment market share

On the basis of materials, the market is bifurcated into insulating materials and refrigerants. The insulating material segment is further segmented into cryogenic tanks, PUR, EPS, VIP, and others. The refrigerants segment is further divided into inorganics, hydrocarbons, and fluorocarbons, while the inorganic segment consist of CO2 and ammonia. The refrigerants segment is estimated to account for a significant market share during the forecast period attributed to the growing awareness concerning low global warming potential and low ozone depletion potential refrigerants to tackle social and environmental problems. However, the insulating material segment is anticipated to grow at a high CAGR during the projected period attributed to use of these material as they are non-reactive with product inside, cost effective, and light weight.

Processed food segment is estimated to expand at robust growth rate

Based on applications, the U.S. cold chain packaging market is segregated into bakery & confectionaries, processed food, fruits & vegetables, fish, meat & seafood, fruits & pulp concentration, pharmaceuticals, dairy products, and others.  The pharmaceuticals segment is further bifurcated into blood banking and vaccines. The dairy products segment is further fragmented into cheese, milk, ice-cream, and butter. The processed food segment is estimated to expand at robust growth rate during the forecast period owing to cold chain packaging preserves the freshness of processed food. On the other hand, the pharmaceuticals segment is projected to expand at a considerable CAGR during the forecast period attributed to the pharmaceutical agents, such as samples, blood bags, drugs, and vaccines need cold chain packaging.

U.S. Cold Chain Packaging Market applications

Rising need for reusable insulated containers drive the insulted container & boxers segment

Based on products, the market is fragmented into, labels, cold packs, temperature-controlled pallet shippers, crates, and insulted container & boxers. The crates segment is further divided into fisheries, dairy, horticulture, and pharmaceuticals. The insulated container & boxers segment is further bifurcated into payload size and types. The payload size segment is further categorized as petite, x-small, small, medium, and large, while types segment consist of corrugated box, cold chain bags/ vaccine bag, and others. The insulted container & boxers segment is expected to grow at a rapid pace during the forecast period attributed to rising need for reusable insulated containers. However, the temperature controlled pallet shippers segment is anticipated to expand at a substantial CAGR in the coming years due to the pallet shippers which are used in universal and seasonal temperature protection coverage as well as they are compact and lightweight.

U.S. Cold Chain Packaging Market products

Segments

Segments Covered in the Report
The U.S. cold chain packaging market has been segmented on the basis of
Materials

  • Insulating Material
    • Cryogenic Tanks
    • PUR
    • EPS
    • VIP
    • Others
  • Refrigerants
    • Inorganics
      • CO2
      • Ammonia
    • Hydrocarbons
    • Fluorocarbons

Applications

  • Bakery & Confectionaries
  • Processed Food
  • Fruits & Vegetables
  • Fish, Meat & Seafood
  • Fruits & Pulp Concentration
  • Pharmaceuticals
    • Blood Banking
    • Vaccines
  • Dairy Products
    • Cheese
    • Milk
    • Ice-cream
    • Butter
  • Others

Products

  • Labels
  • Cold Packs
  • Temperature Controlled Pallet Shippers
  • Crates
    • Fisheries
    • Dairy
    • Horticulture
    • Pharmaceuticals
  • Insulted Container & Boxers
    • Payload Size
      • Petite
      • X-small
      • Small
      • Medium
      • Large
  • Types
    • Corrugated Box
    • Cold Chain Bags/ Vaccine Bag
    • Others

Country

  • The U.S.

Key Players

  • Sofrigam SA
  • Va-q-tec AG
  • Sonoco Thermosafe
  • Creopack
  • Softbox Systems, Inc.

 

Competitive Landscape

Key players competing in the U.S. cold chain packaging market are Sofrigam SA; Va-q-tec AG; Sonoco Thermosafe; Creopack; and Softbox Systems, Inc.

Companies are focusing on improving and manufacturing their cold chain packaging material to fulfil the demand from the market. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in January 2018, TP3 Global, pharmaceutical industry thermal protection cover provider was acquired by Softbox Systems Ltd. This acquisition aimed to strengthen Softbox Systems Ltd. product portfolio and enlarge its presence worldwide.
 

U.S. Cold Chain Packaging Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cold Chain Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cold Chain Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cold Chain Packaging Market - Supply Chain
  4.5. Global Cold Chain Packaging Market Forecast
     4.5.1. Cold Chain Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cold Chain Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Cold Chain Packaging Market Absolute $ Opportunity
5. Global Cold Chain Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Cold Chain Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Cold Chain Packaging Demand Share Forecast, 2019-2026
6. North America Cold Chain Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Cold Chain Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Cold Chain Packaging Demand Share Forecast, 2019-2026
7. Latin America Cold Chain Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Cold Chain Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Cold Chain Packaging Demand Share Forecast, 2019-2026
8. Europe Cold Chain Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Cold Chain Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Cold Chain Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Cold Chain Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Cold Chain Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Cold Chain Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Cold Chain Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Cold Chain Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Cold Chain Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Cold Chain Packaging Market: Market Share Analysis
  11.2. Cold Chain Packaging Distributors and Customers
  11.3. Cold Chain Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Sofrigam SA
     11.4.2. Va-q-tec AG
     11.4.3. Sonoco Thermosafe
     11.4.4. Creopack
     11.4.5. Softbox Systems, Inc.

Segments Covered in the Report
The U.S. cold chain packaging market has been segmented on the basis of
Materials

  • Insulating Material
    • Cryogenic Tanks
    • PUR
    • EPS
    • VIP
    • Others
  • Refrigerants
    • Inorganics
      • CO2
      • Ammonia
    • Hydrocarbons
    • Fluorocarbons

Applications

  • Bakery & Confectionaries
  • Processed Food
  • Fruits & Vegetables
  • Fish, Meat & Seafood
  • Fruits & Pulp Concentration
  • Pharmaceuticals
    • Blood Banking
    • Vaccines
  • Dairy Products
    • Cheese
    • Milk
    • Ice-cream
    • Butter
  • Others

Products

  • Labels
  • Cold Packs
  • Temperature Controlled Pallet Shippers
  • Crates
    • Fisheries
    • Dairy
    • Horticulture
    • Pharmaceuticals
  • Insulted Container & Boxers
    • Payload Size
      • Petite
      • X-small
      • Small
      • Medium
      • Large
  • Types
    • Corrugated Box
    • Cold Chain Bags/ Vaccine Bag
    • Others

Country

  • The U.S.

Key Players

  • Sofrigam SA
  • Va-q-tec AG
  • Sonoco Thermosafe
  • Creopack
  • Softbox Systems, Inc.

 

Key players competing in the U.S. cold chain packaging market are Sofrigam SA; Va-q-tec AG; Sonoco Thermosafe; Creopack; and Softbox Systems, Inc.

Companies are focusing on improving and manufacturing their cold chain packaging material to fulfil the demand from the market. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in January 2018, TP3 Global, pharmaceutical industry thermal protection cover provider was acquired by Softbox Systems Ltd. This acquisition aimed to strengthen Softbox Systems Ltd. product portfolio and enlarge its presence worldwide.
 

U.S. Cold Chain Packaging Market keyplayers

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