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The global cold chain packaging market was valued at US$ 21.83 Billion in 2021.
We expect the global cold chain packaging market to exhibit a CAGR of 11.50% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of cold chain packaging solutions for an organized distribution of Temperature-Sensitive Pharmaceutical Products (TTSPPs), such as vaccines, medicines, and drugs, for the coronavirus infection.
The rising integration of IoT technology with cold chain packaging to monitor temperature, remotely adjust the internal conditions, offer immediate data access, automate report generation, etc., is primarily driving the global cold chain packaging market.
Based on the product, the global cold chain packaging market has been segregated into insulated container and boxes, crates, cold packs, labels, and temperature-controlled pallet shippers. Among these, insulated container and boxes currently hold the largest market share.
Based on the end user, the global cold chain packaging market can be bifurcated into food, dairy, pharmaceutical, and others. Currently, the food industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global cold chain packaging market include Cascades Inc., Chill-Pak, Cold Chain Technologies Inc., CoolPac, Creopack, Cryopak Industries Inc., DGP Intelsius Ltd., Pelican Products Inc., Sealed Air Corporation, Sofrigam, Softbox Systems Ltd. (CSafe Global LLC), and Sonoco Products Company.
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