"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Cold chain packaging systems are designed to hold temperature-sensitive payloads at the right temperature. There are three main types of cold chain packaging systems: active, passive, and hybrid. A cold chain is a supply chain which is regulated by temperature. This is a series of activities that maintain the desired low temperature, such as refrigerated output, storage, and distribution. The cold chain is a continuous sequence of storage and distribution operations that sustain a given range of temperatures. It is used to help prolong and protect product shelf-life. It is very important because medicinal products lose their potency over time, particularly if they are exposed to heat, and some even lose their potency when they are frozen. Expanded polystyrene (EPS) and polyurethane (PUR), are the most widely used thermal packaging materials.
Growing demand in the defense sector for temperature-transport of pharmaceuticals, and food, such as specilaity druds, tissue, and blood is expected to boost the cold chain packaging materials market. Environmental issues related to the packaging waste are driving demand for recyclable materials is likely to create opportubties for the market. Emerging developments in recycling technology are expected to raise demand for cold chain packaging materials to achieve higher value from recyclate and increase the use of recycled waste in packaging. The increase in demand for perishable food products, the growth of foreign trade as a result of trade liberalization, and the expansion of the organized food retail sector are some of the factors which is anticipated to drive the market. In addition, growing demand of online grocery coupled with increasing internet penetration and the resulting increase in the number of tech-savvy consumers is boosting the growth of cold chain packaging which in turn is projected to boost the market. Sales of processed food items, for example, are contributing considerably to the growth of the market. Growing tough regulations such as the successful implementation of the Food Safety Modernization Act against a cold storage warehouse requirement for food safety is one of the main drivers of the market. Additionally, the growing demand from various industrial applications such as, pharmaceutical industries, medical devices, and others are the majorly driving the market.
Key Market Driver -
Growing demand from food and pharmaceutical industry is likley to drive the market.
Key Market Restraint -
Volatily in raw material price restraining the growth
The rising raw material prices are one of the main challenges in the cold chain packaging industry. Polystyrene is the main raw material used in packaging solutions for the cold chain packaging. Recently, due to the increased difference between demand and supply, volatility in polystyrene prices has risen the price and is likely to continue during the forecast period. In addition, the increased cost of raw materials further increases the total cost of the finished product.
Based on source, the market for cold chain packaging materials is segmented into natural, and synthetic. Based on material, the market for cold chain packaging materials is bifurcated into recycled non-woven textile, jute, paper, cardboard, expanded polystyrene (eps), polyurethane, and others. Based on application, the market for cold chain packaging materials is classified into meal-kits, pharmaceutical, personal care, meat & seafood, and others
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global cold chain packaging materials market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the cold chain packaging materials market includes, Bonded Logic, HelloFresh SE, TemperPack, Vegware, International Paper, Klingele Papierwerke, BioPak, Vericool, Inc., Sonoco ThermoSafe, Blue Apron, LLC, Plated, and Others
The cold chain packaging materials market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Owing to the growing demand for flowers, sweets, desserts and pharmaceutical applications for materials North America is the leading manufacturer of cold chain packaging. North America is expected to hold the major share of the global market due to the high demand in meat & seafood industry. Demand for cold-chain packaging materials in Mexico is expected to grow at a rapid pace due to increased trade in perishable food products and regional health supplies, which is expected to account for a significant share over the forecast period.
To gain extensive insights into the market, Request for Customization
Europe also expected to account for significant share of the market owing to the growth of processed food and pharmaceutical industries. In addition, rising demand for cold chain systems in defense, and grocery sectors in Europe is expected to have a positive impact on the market growth during the forecast period. Rising consumption of meat and seafood products in France is expected to expand rapidly due to fuel in demand for cold chain packaging materials in food distribution services. Rising market appetite for better fresh ingredient flavor of food is likely to provide opportunities for cold chain packaging materials market.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry