The U.S. cold chain packaging market size is expected to reach USD 8.66 billion by 2025 at a 14.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Market growth is profoundly influenced by extensive demand for perishable goods worldwide and availability of food and health supplies.
Current economic and political scenario has also played a crucial role in industry growth. For instance, trade conflict between U.S. and China is expected to negatively impact the growth of the cold chain market in U.S. In March 2018, U.S. imposed a 25% tariff on steel and 10% on aluminum imported from China. China, in turn, announced a 15-25% tariff on products imported from U.S., including pork, fruits, wine, nuts, and vegetables. These high tariffs imposed on food and agriculture produce is expected to negatively affect market growth.
Furthermore, outsourcing cold and frozen storage operations offer manufacturers various cost benefits. This can help eliminate costs associated with warehouse space and management, technology, transportation, and labor. Operational costs such as employee salaries, heating and cooling expenses, insurance, and electric power costs can also be reduced by working with supply chain partners. As a result, manufacturers can increase their profit margins and focus on core business activities such as quality product manufacturing, growing customer base, and satisfaction of customer needs.
Raw material suppliers in the cold chain packaging market supply primary materials required for producing isolated containers, in addition to other packaging components. Insulating materials used in cold chain packaging include expanded or extruded polystyrene, polyurethane, and polyethylene. These are manufactured using core materials such as silica or fiberglass in a multilayer polymer or vacuum aluminized coating. Thermal Conservation Technologies; va-Q-tec AG; and Thermal Visions, Inc. are some of the raw material providers in U.S.
Cold chain packaging manufacturers use raw materials for producing insulated containers. They are responsible for designing and developing packaging solutions depending on user requirements. The raw materials used vary depending on duration of temperature control required for the packaged product as well as on external temperature. Polystyrenes, polyurethane, and Vacuum Insulated Panels (VIP) are used depending on external temperatures and duration of shipping. Manufacturers develop packaging products depending on the industries they would be used in as well as other aspects such as weight and size.
Full Research Report On U.S. Cold Chain Packaging Market Analysis:www.grandviewresearch.com/industry-analysis/us-cold-chain-packaging-market
Further key findings from the report suggest:
The U.S. refrigerated warehouse capacity was pegged at 2.92 billion cubic feet in 2017
Ammonia and carbon dioxide have been the most popular inorganic refrigerants over the years and is expected to witness substantial growth during the forecast period
Product manufacturers are focusing on understanding carrier ambient environment in order to develop efficient packaging and devise risk mitigation strategies
Companies offering solutions in cold chain packaging maintain a network of distributors located in different regions. For instance, Pelican BioThermal LLC has a network of dealers located in South America (NatBio), Asia Pacific (Giddi Pharma, Pharmaserv Express, and others), and Europe (DS Smith)
Some of the key industry participants are ACH Foam Technologies, Inc.; Cold Chain Technologies, Inc.; Cryopak Industries, Inc.; Cold Box Express, Inc.; and Intelsius.
Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the U.S. cold chain packaging market based on product, material, and application:
U.S. Cold Chain Packaging by Product (Revenue, USD Million, 2014 – 2025)
Crates
Dairy
Pharmaceuticals
Fisheries
Horticulture
Insulated container & boxes
Type
Cold chain bags/vaccine bag
Corrugated box
Others
Payload size
Large
Medium
Small
X-small
Petite
Cold packs
Labels
Temperature controlled pallet shippers
U.S. Cold Chain Packaging by Material (Revenue, USD Million, 2014 – 2025)
Insulating material
EPS
PUR
VIP
Cryogenic tanks
Others (insulating pouches, active thermal systems, and active thermal systems
Refrigerants
Fluorocarbons
Inorganics
Ammonia
CO2
Hydrocarbons
U.S. Cold Chain Packaging by Application (Revenue, USD Million, 2014 – 2025)
Fruits & Vegetables
Fruits & pulp concentration
Dairy products
Milk
Butter
Cheese
Ice-cream
Fish, Meat, & Seafood
Processed Food
Vaccines
Blood banking
Bakery & confectionaries
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.For more information: www.grandviewresearch.com/
Media ContactCompany Name: Grand View Research, Inc.Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.Email: Send EmailPhone: 1-415-349-0058, Toll Free: 1-888-202-9519Address:28 2nd Street, Suite 3036 City: San FranciscoState: CaliforniaCountry: United StatesWebsite: www.grandviewresearch.com/industry-analysis/us-cold-chain-packaging-market