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. 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.
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.
Key Topics Covered:
Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources
Chapter 2 Executive Summary 2.1 U.S. Cold Chain Packaging- Industry Snapshot & Key Buying Criteria, 2014 - 2025 2.2 U.S. Cold Chain Packaging Market Summary 2.2.1 U.S. cold chain packaging market, 2014 - 2025 2.2.2 Regulatory Framework for Chilled and Frozen Food 2.2.3 Key Market Trends 184.108.40.206 Implications of CO2/NH3 Cascade Refrigeration System 220.127.116.11.1 Environmental Impact of Refrigerants 18.104.22.168 Cost and Risk Reduction Strategies in Pharmaceutical Cold Chain Distribution 22.214.171.124 Internet of Things (IoT) in Pharmaceutical Supply Chains
Chapter 3 Industry Outlook 3.1 Market Segmentation &Scope 3.2 U.S. Cold Chain Packaging Market Size and Growth Prospects 3.3 U.S. Cold Chain - Value Chain Analysis 3.4 U.S. Cold Chain Packaging-Value Chain Analysis 3.5 Market Dynamics 3.5.1 Market driver analysis 126.96.36.199 Increasing demand for quality food 188.8.131.52 Increasing automation in warehousing 184.108.40.206 Growing popularity of e-commerce as a channel for purchasing fresh food 220.127.116.11 RFID technology for cold chain applications 3.5.2 Market restraint analysis 18.104.22.168 High initial investment 3.5.3 Market opportunity analysis 22.214.171.124 Growing application of telematics in logistics and transportation 126.96.36.199 Low-carbon design, environmental auditing, and crafty construction of cold storage warehouses 3.6 Vendor Landscape 3.6.1 Key company analysis, 2015 3.6.2 Sonoco Thermosafe 188.8.131.52 Recent developments 3.6.3 Sofrigam 3.6.4 Softbox Systems Ltd. 184.108.40.206 Recent developments 3.6.5 va Q tec AG 220.127.116.11 Financial performance 18.104.22.168 Recent developments 3.6.6 Creopack 22.214.171.124 Recent developments 3.6.7 U.S. cold chain packaging company market share 3.6.8 List of Key Cold Chain Companies with Cold Storage Capacity - 2016 3.7 Product Comparison Analysis 3.7.1 Cold Chain Products Cost Analysis 3.8 Industry Analysis - Porter's 3.9 U.S. Cold Chain Packaging-PEST Analysis
Chapter 4 U.S. Cold Chain Packaging Market: Product Estimates & Trend Analysis 4.1 U.S. Cold Chain Packaging Market: Product Analysis 4.2 U.S. Cold Chain Packaging Product Usability Analysis: Reusable versus Single-use Packaging 4.2.1 U.S. cold chain packaging product market by revenue 4.2.2 U.S. cold chain packaging product market by volume 126.96.36.199 Crates by volume 188.8.131.52 Crates by revenue 184.108.40.206.1 Dairy 220.127.116.11.2 Pharmaceuticals 18.104.22.168.3 Fisheries 22.214.171.124.4 Horticulture 126.96.36.199 Insulated container & boxes by revenue 188.8.131.52.1 Payload size by revenue 184.108.40.206.2 Usability by revenue 220.127.116.11 Insulated container & boxes by volume 18.104.22.168.1 Payload size by volume 22.214.171.124.2 Usability by volume 126.96.36.199 Cold packs by revenue 188.8.131.52.1 Cold packs by volume 184.108.40.206 Labels by revenue 220.127.116.11.1 Labels by volume 18.104.22.168 Temperature controlled pallet shippers by revenue 22.214.171.124.1 Temperature controlled pallet shippers by volume
Chapter 5 U.S. Cold Chain Packaging Market: Material Estimates & Trend Analysis 5.1 U.S. Cold Chain Packaging Market: Material Analysis 5.1.1 Material 126.96.36.199 Insulating material 188.8.131.52.1 EPS 184.108.40.206.2 PUR 220.127.116.11.3 VIP 18.104.22.168.4 Cryogenic tank 22.214.171.124.5 Others 126.96.36.199 Refrigerants 188.8.131.52.1 Fluorocarbon 184.108.40.206.2 Inorganics 220.127.116.11.3 Hydrocarbon