Cold Chain Packaging Market Size & Share, by Product (Crates, Insulted Containers & Boxes, Cold Packs, Labels); Material (Paper & Paperboard, Refrigerants, Polyurethane, Expanded Polystyrene); Application (Fruits & Vegetables, Meat & Seafood, Dairy Product, Bakery, Pharmaceuticals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4532
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Cold Chain Packaging Market size is estimated to cross USD 14 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of cold chain packaging was USD 7 Billion. The growth of the market can primarily be ascribed to the growing consumption of meat across the globe. For instance, in 2021, about 300 million metric tons of meat were consumed worldwide.

Global cold chain packaging market trends such as, rising consumption of seafood and remarkable surge in disposable income are projected to influence the growth of the market positively over the forecast period. For instance, in 2021, the sales of fresh shrimp were estimated to rise by approximately 10% in the USA. Additionally, the spiking utilization of cold chain packaging in bakeries and growing population across the globe are further expected to flourish the growth of the market during the forecast period. It was observed that around USD 25 billion are generated by the baking industry every year.

Cold Chain Packaging Market
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Cold Chain Packaging Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Fresh Vegetables - As of 2022, the export volume of fresh and processed vegetables from India was estimated to be approximately USD 800 million and USD 400 million respectively.Fresh vegetables are consumed by the global population at a high scale since it consists of low calories and countless health properties. Vegetables are mixed in various types of cuisines and dishes to improve their appearance and quality. it has been found that consuming a rich diet of fruits and vegetable reduces the risk of blood pressure, stroke, heart disease, cancer, and eye disorders.
  • Rising Export and Import Volume of Fruits- For instance, in 2022, fresh fruits worth nearly USD 850 million were exported across the globe while the total export volume of processed fruits was estimated to be around USD 750 million.
  • Increasing Consumption of Milk  - In 2021, the total consumption of milk in India was estimated to be around 80,000 metric tons, additionally, the United States accounted for approximately 20,000 metric tons, and for the EU the figure reached nearly 22,000 metric tons.
  • Skyrocketing Demand for Cold Chain Packaging in Pharmaceutical Industry  - The total revenue generated by the pharmaceutical industry was estimated to be around USD 1.5 trillion in 2021.


  • Possibility of Negative Impact on the Environment
  • Negative Government Initiatives regarding Cold Chain Packaging 
  • High Cost Associated with the Manufacturing

Cold Chain Packaging Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~USD 7 Billion

Forecast Year Market Size (2033)

~USD 14 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Cold Chain Packaging Segmentation

Application (Fruits & Vegetables, Meat & Seafood, Dairy Product, Bakery, Pharmaceuticals)

The global cold chain packaging market is segmented and analyzed for demand and supply by application into fruits & vegetables, meat & seafood, dairy product, bakery, pharmaceuticals, and others, out of which, the dairy product segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the higher consumption of milk and other dairy product in household settings on a daily basis. For instance, in 2020, milk production across the globe was estimated to reach approximately 900 million tonnes.

Our in-depth analysis of the global market includes the following segments:

         By Product

  • Crates
  • Insulted Containers & Boxes
  • Cold Packs
  • Labels
  • Others

         By Material

         By Application

  • Fruits & Vegetable
  • Meat & Seafood
  • Dairy Product
  • Bakery
  • Pharmaceuticals
  • Others

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Cold Chain Packaging Industry - Regional Synopsis

Regionally, the global cold chain packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2033. The growth of the market can be ascribed to the rising population boosting the demand for daily purchases of dairy products, vegetables, meat, and others. As of 2018, the total Asian population was projected to reach approximately 45 million. Additionally, the growing export volume of vegetables and rising disposable income are further anticipated to hike the growth of the market in the region over the forecast period. Hence, all these factors are projected to flourish the market growth during the forecast period.  

Research Nester
Cold Chain Packaging Market Size
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Companies Dominating the Cold Chain Packaging Landscape

    • Sonoco Products Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Huntsman International LLC
    • Vericool Inc.
    • The Dow Chemical Company
    • Covestro AG.
    • BioPak Pty Limited
    • Armstrong Brands, Inc.
    • Mondi plc
    • Amcor plc
    • Novolex Holdings, LLC 


In The News

  • Mondi plc to build strategic collaboration with Heiber + Schroder. The collaboration between these companies is placed to launch eComPack, a high-performance machine, for automated packaging. The machine is developed to provide work efficiency with mid to large-size eCommerce operations.

  • Amcor plc’s Amcor Rigid Packaging (APR) unit to unveil a new line of packaging, DairySeal, featuring ClearCor. The DairySeal Line has been developed and launched for the ready-to-drink and other dairy alternatives to receive more sustainable packaging.

Author Credits:  Sadaf Naaz, Mohd Shadab

  • Report ID: 4532
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Skyrocketing demand for cold chain packaging in the pharmaceutical industry is estimated to majorly boost the market growth.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023-2033.

Negative government initiatives regarding cold chain packaging are estimated to challenge market growth.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Huntsman International LLC, Vericool Inc., The Dow Chemical Company, Covestro AG., BioPak Pty Limited, Armstrong Brands, Inc., Mondi plc, Amcor plc, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product, material, application, and by region.

The dairy product segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Cold Chain Packaging Market Report Scope

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