The market for cold chain packaging in the United States and Canada is anticipated to reach a value of US$ 6.9 Billion in 2023. From 2023 to 2033, it is expected to expand at a CAGR of 12.2%. By the end of 2033, it is projected to have a value of US$ 21.8 Billion.

By 2023, it is expected that the top 5 producers of cold chain packaging in the United States and Canada would account for 10% to 15% of the whole market. Cold chain packaging is predicted to become increasingly popular in the meat, poultry, and seafood industries, as well as in the baking and confectionery sectors.

Increasing demand for more suitable shipping of temperature-sensitive pharmaceutical products resulted in advanced research for improved cold chain packaging insulation solutions. One of these includes vacuum-insulated packaging (VIP).

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in this sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-17132

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. 

Want your report customized? Speak to our analyst and personalize your report as per your needs: https://www.futuremarketinsights.com/customization-available/rep-gb-17132

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

Access Full Report: https://www.futuremarketinsights.com/reports/united-states-and-canada-cold-chain-packaging-market