Cold Chain Packaging Market Growth Drivers and Challenges:
Growth Drivers
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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.
Challenges
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Possibility of Negative Impact on the Environment
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Negative Government Initiatives regarding Cold Chain Packaging
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High Cost Associated with the Manufacturing
Cold Chain Packaging Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
11.7% |
|
Base Year Market Size (2025) |
USD 33.35 Billion |
|
Forecast Year Market Size (2035) |
USD 100.84 Billion |
|
Regional Scope |
|
