Visiongain Publishes US Cold Chain Packaging Market Report to 2031

05 March 2021
Packaging

Visiongain has published a new report on US Cold Chain Packaging Market Report to 2031: Forecasts By Type (Refrigerated Warehouse and Refrigerated Transportation (Road Transport, Sea Transport, Rail Transport, Air Transport)), By Application (Dairy & Frozen Desserts, Meat & Seafood, Fruits & Vegetables, Bakery & Confectionery and Others), PLUS Profiles of Leading U.S Cold Chain Packaging Manufacturing Companies and Regional and Leading National Market Analysis, PLUS COVID-19 Recovery Scenarios.

The U.S Cold Chain Packaging market was valued at US$ xx billion in 2020 and is projected to reach a market value of US$ xx billion by 2031. Rising demand for different packaging solution is a major factor resulting to the rise in the demand for cold chain packaging. Further inclination of the consumers towards ready to eat food items is also a major factor triggering the market growth cold chain packaging.

COVID-19 Impact on Cold Chain Packaging Market
COVID-19 impacted positively upon the cold chain packaging market owing to the rise in the demand for cold storage medical products that are used in the healthcare industry. Further the pandemic will strengthen the international cooperation and development of policies for the online supply and purchases. In addition to this, online purchasing as an alternative to physical purchase is also triggering the demand for cold chain packaging.

Market Drivers

Growing demand for processed food items
There is a growing demand for processed food items which is a major factor resulting to the rise in the demand for U.S cold chain packaging. Processed foods such as frozen fruits, dairy products, vegetables, meat and seafood are preferred by consumers due to the busy and hectic lifestyle. Processed food is sold through several distribution channels such as supermarkets, wholesalers/distributors, export, distribution to retailers among others. In Mexico, supermarkets accounted for 42% of the processed food products in Mexico.

Rise in the demand for online grocery
Online grocery shopping is gaining popularity among the consumers in recent years due to the rising number of tech-savvy consumers. For instance, sales of packaged food products is contributing significantly towards the online Amazon grocery.

Market Opportunity

Rise in demand for safe packaging solution from pharmaceutical industry
There is increasing focus towards safety and security of temperature controlled clinical results, medications during transportation which is triggering the overall demand for cold chain packaging. These solutions enable proper packaging and shipping of products that are temperature sensitive. Therefore, this is generating new opportunity to U.S cold chain packaging market during the forecast period.

Competitive Landscape
Some of the major companies operating in the global U.S cold packaging market are Cascades inc., Cold Chain Technologies, Creopack, Cryopak A TCP Company, Intelsius, Pelican Products, Inc., Softbox, Sofrigam, Sonoco ThermoSafe, va Q tec among others. The market is fragmented in nature and consists of several small and medium players. Companies are actively engaging upon merger & acquisition, new product developments and launches in order to grab more number of customer attention. For instance, in 2019, Sealed Air announced its strategic acquisition of Automated Packaging Systems Inc. who is one of the leader in automated bagging systems. Earlier in 2018, Softbox Systems Ltd. Acquired TPC Global which is a provider of thermal protection covers for the healthcare industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Healthcare Packaging Market Report 2021-2031

We believe that high opportunity remains in this fast-growing healthcare packaging market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future.

07 October 2021

Read

Visiongain Publishes Renewable Plastic Packaging Market Report 2021-2031

The growing use of single-use packaging containers has caused a huge environmental load, and packaging waste management has been confronted with a crisis because of two unresolved challenges: recyclability of packaging.

04 October 2021

Read

Visiongain Publishes Industrial Packaging Market Report 2021-2031

In recent years, the worldwide market for plastic bags and sacks has been steadily growing. Plastic bags and sacks are in high demand due to rising demand from different end-use industries such as groceries, food & beverage, consumer products, and clothing & apparel.

13 September 2021

Read

Automation in the Packaging Industry, by Visiongain Research

Packaging technology refers to the enclosing and wrapping of products for various uses like storage, shipping, and sale.

10 August 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever