Canada Cold Chain Packaging Market Trends, Revenue, Share, Scope, Key Players, Growth Drivers, Challenges and Future Strategies Till 2033


Canada Cold Chain Packaging Market Trends, Revenue, Share, Scope, Key Players, Growth Drivers, Challenges and Future Strategies Till 2033: SPER Market Research

 Category : Packaging

 Published: Nov-2023
 Author: SPER Analyst

USA and Canada Cold Chain Packaging Market is projected to be worth USD 22.23 billion by 2033 and is anticipated to surge at a CAGR of 12.41%.

Cold chain packaging is a term for the kind of packaging used to keep delicate items at the right temperature. The market for cold packaging items for temperature monitoring is growing as the trade in temperature-sensitive goods, such as food and medicines, increases. Maintaining product quality in cold chain logistics requires regular temperature monitoring. 

USA and Canada Cold Chain Packaging Market Driving Factors and Challenges
Cold chain packaging solutions encompass specially crafted containers, packaging shippers, gel packs, foam bricks, phase change cold storage, and protective packaging items. These are designed to uphold controlled temperature conditions, mitigating exposure risks for packed products during transit. Tailored to comply with logistical and regulatory parameters in the cold chain transportation of perishable goods, these packaging products ensure consistent temperatures regardless of transit variables. Significant investments in research and development by industry manufacturers aim to produce more temperature-efficient and cost-effective solutions. 

The cold chain packaging industry in the United States and Canada is poised for growth, driven by the expanding packaged food sector, particularly in meat and dairy. Challenges like post-harvest losses in the food and beverage industry are spurring the development of robust cold chain systems, creating opportunities for cold chain packaging. Increased exports and imports of perishable goods, pharmaceuticals, and chemicals are expected to contribute to the market's profitable expansion. Companies in both countries will offer both reusable and disposable packaging solutions, with manufacturers investing heavily in research and development for cost-effective and temperature-efficient solutions.

Nonetheless, the significant upfront cost associated with constructing the necessary infrastructure can impede the cold chain packaging industry's growth. Establishing transportation networks, temperature-controlled storage facilities, refrigeration equipment, and specialised packaging solutions are all expensive components of a robust cold chain infrastructure. These upfront expenses may cause problems for market players, especially for smaller businesses or those based in less developed locations. The high initial cost of the cold chain packaging infrastructure is expected to restrict the market's potential for growth. However, these challenges may eventually disappear as technology advances and the benefits of cold chain packaging become more widely known.

Impact of COVID-19 on USA and Canada Cold Chain Packaging Market
The cold chain packaging market was impacted by the COVID-19 outbreak in two ways. The demand for temperature-controlled packaging increased, especially in the pharmaceutical and healthcare industries for medical supplies and vaccines. Lockdowns and travel restrictions caused supply chain disruptions at the same time, highlighting the significance of effective cold chain packaging and logistics. The necessity for cold chain packaging to ensure the safe and fresh transportation of perishable goods has increased due to changes in customer behaviour that favour e-commerce and home deliveries. Compliance-oriented packaging solutions became more and more in demand as product safety regulations became stricter. The pandemic spurred innovation, resulting in innovations such as sustainable materials and temperature-monitoring devices, highlighting the critical role of cold chain packaging in guaranteeing the safe and effective delivery of temperature-sensitive items and promoting market expansion and adaption.

USA and Canada Cold Chain Packaging Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; American Thermal Instruments, Cold Chain Technologies, Cryopak Industries Inc., CSafe Global, LLC, DGP Intelsius LLC, Insulated Products Corporation, Klinge Corporation, Mettcover Global, Nordic Cold Chain Solutions, Orora Packaging Solutions, RipplePak Ltd., Sealed Air Corporation, Sofrigam SAS, Sonoco Products Company, TemperPack Technologies, Inc., Others.

USA and Canada Cold Chain Packaging Market Segmentation:

By Product Type: Based on the Product Type, USA and Canada Cold Chain Packaging Market is segmented as; Foam Bricks, Gel Packs, Insulated Containers, Pallet Shippers, Phase Change Cold Storage Products , Protective Packaging.

By Packaging: Based on the Packaging, USA and Canada Cold Chain Packaging Market is segmented as; Disposable Packaging, Reusable Packaging.

By Material Type: Based on the Material Type, USA and Canada Cold Chain Packaging Market is segmented as; Metal, Paper, Polymer (Polyethylene, Polypropylene, PET, EPS, Polyurethane, Others).

By End Use: Based on the End Use, USA and Canada Cold Chain Packaging Market is segmented as; Beverages, Building & Construction, Chemical, Cosmetics & Personal Care, Electronics, Food, Pharmaceutical, Research Institutes, Textile, Others.

By Region: This research also includes data for USA and Canada.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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