The United States & Canada cold chain packaging market is on a robust growth trajectory, poised to exceed a valuation of US$ 6.9 billion in 2023. This surge is underpinned by a remarkable compound annual growth rate (CAGR) of 12.2% projected for the period from 2023 to 2033, ultimately reaching an impressive valuation of US$ 21.8 billion by 2033.
In this market, the top 5 cold chain packaging manufacturers are set to command a significant share, accounting for approximately 10% to 15% of the total market by 2023. The bakery & confectionery as well as meat, poultry, and seafood industries are expected to drive substantial demand for cold chain packaging solutions.
The escalating consumption of packaged foods, particularly in categories like meat and dairy products, is a key driver fueling market expansion. The cold chain packaging sector in the United States & Canada is anticipated to expand nearly 2.7 times its current market value by the end of 2033. The food & beverage industry stands out as a prominent end-user, highlighting the critical role of cold chain packaging in preserving product integrity and safety.
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Vacuum-insulated packaging delivers key benefits over polyurethane and expanded polystyrene-based insulated shippers. VIP-based shippers are comparatively lighter and smaller in weight.
These help to reduce refrigerant requirements, provide a broad temperature range, and successively cut down distribution costs. CSafe, one of the prominent producers of VIP, incorporates its exclusive ‘ThermoCor’ VIP combined with a protective buffer.
It offers shippers at a cost lower than conventional PUR shippers. Increasing preference for ocean freight often expands carriage time. It is anticipated to further drive the adoption of VIP-based shippers.
Sonoco Thermosafe’s product Greenbox, for instance, is for the pharmaceutical industry. It employs VIP for insulation and has a patented renewable phase change material that is plant-based. Sofrigam’s elite cooling boxes incorporate PUR and VIP and offer temperature stability up to 240 hours.
Key Takeaways:
- The polymer segment by material type is likely to hold around US$ 15.2 Billion of the market value in 2033.
- The paper segment is estimated to witness a gain of 2.1x times by value and a CAGR of 14.2% during the forecast period.
- The gel packs segment by product type is anticipated to witness a 12.6% CAGR from 2023 to 2033.
- Phase change cold storage products segment is estimated to witness a gain of 3.8 times its value by the end of 2033.
- The reusable packaging segment by packaging format is anticipated to witness a CAGR of 12.7% in the assessment period.
“Reusable and disposable packaging options are provided by companies in both countries’ cold chain packaging markets. Manufacturers in the sector would also make key investments in research & development to make more affordable and temperature-efficient systems.” – Comments a lead analyst at FMI.
Advanced Technology for Enhancing Safety and Temperature Monitoring to Drive Sales:
One prominent area where passive packaging lacks behind active packaging is its tenuous ability to provide safety during transportation. Numerous companies are offering shippers equipped with temperature sensors, which immediately detect if the container has been opened during transportation.
A few shippers now come equipped with thermochromic labels that change color to provide visual verification that shippers are ready to pack. Pelican’s reusable shipper and Sofrigam’s Elite cooling box, for instance, come equipped with these sensors.
Data loggers with temperature sensors and USB connection points are becoming highly common and inexpensive to integrate. These label-like loggers effortlessly attach to the packaging, continually follow temperature conditions, and supply a comprehensive study for time & temperature data.
Battery-powered data loggers can include developed technologies such as WiFi, RFID, and GPS. It can deliver real-time details about temperature fluctuations. A few of the product offerings include BIOmed Xpress PDF, PakSense, and temperature monitoring LabelCCL100, cold chain logger, Tempt RIP, and Vaisala.
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Growing Preference for PCM over Dry Ice and Other Coolants Might Boost the Market
Dry ice has been prominently used as a coolant for the passive packaging of temperature-sensitive food and pharmaceuticals since time immemorial. However, dry ice is dangerous if not handled with care and releases high-concentration carbon dioxide vapors.
It can, in turn, increase global carbon emissions. With the advent of economic inorganic phase change materials (PCMs), various temperature-controlled packaging solution providers have started offering PCM-equipped packaging solutions.
PCMs are non-hazardous, non-toxic, non-flammable, require less energy to freeze, and are reusable with the stability of 1000s of the cycle. Material compatibility, cost, and availability of PCMs pose a significant constraint toward their adoption.
Notable cost saving by deploying them in thermal packaging clearly outweighs the negatives. Prominent companies such as Sonoco, Tempack, Cold Chain Technology, Sofrigam, and Intelsius offer PCM-based packaging solutions. Rapid advancement and research & development are expected to push product innovation. It is further set to drop prices and drive the shift toward PCM over dry ice and gel packs.
Market Categorization:
By Product Type:
- Pallet Shippers
- Insulated Containers
- Foam Bricks
- Gel Packs
- Protective Packaging
- Phase Change Cold Storage Products
By Material Type:
- Polymer
- Polyethylene
- Polypropylene
- PET
- EPS
- Polyurethane
- Others (PVC, Nylon, Teflon)
- Metal
- Paper
By Packaging Formats:
- Reusable Packaging
- Disposable Packaging
By End Use:
- Food
- Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Chemical
- Others (Textile, Electronics, Research Institutes, Building & Construction)
By Country:
- United States
- Canada
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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