The cold chain packaging industry in the united states and canada’s fence screen market is anticipated to be worth US$ 6.9 billion in 2023. From 2023 to 2033, it is expected to increase at a CAGR of 12.2%. It is expected to be worth US$ 21.8 billion by the end of 2033.
The top five cold chain packaging manufacturers in the United States and Canada are expected to control 10% to 15% of the total market by 2023. Cold chain packaging is predicted to gain appeal in the meat, poultry, and seafood industries, as well as in the baking and confectionery industries.
Rising demand has motivated advanced research toward better temperature-sensitive medicinal product delivery.
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.
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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 From the Market Study:
- 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.
Advanced Technology for Enhancing Safety and Temperature Monitoring to Drive Sales:
One prominent area where passive packaging lacks behind active packaging is its tenuous ability to provide safety during transportation. Numerous companies are offering shippers equipped with temperature sensors, which immediately detect if the container has been opened during transportation.
A few shippers now come equipped with thermochromic labels that change color to provide visual verification that shippers are ready to pack. Pelican’s reusable shipper and Sofrigam’s Elite cooling box, for instance, come equipped with these sensors.
Data loggers with temperature sensors and USB connection points are becoming highly common and inexpensive to integrate. These label-like loggers effortlessly attach to the packaging, continually follow temperature conditions, and supply a comprehensive study for time & temperature data.
Battery-powered data loggers can include developed technologies such as WiFi, RFID, and GPS. It can deliver real-time details about temperature fluctuations. A few of the product offerings include BIOmed Xpress PDF, PakSense, and temperature monitoring LabelCCL100, cold chain logger, Tempt RIP, and Vaisala.
Growing Preference for PCM over Dry Ice and Other Coolants Might Boost the Market
Dry ice has been prominently used as a coolant for the passive packaging of temperature-sensitive food and pharmaceuticals since time immemorial. However, dry ice is dangerous if not handled with care and releases high-concentration carbon dioxide vapors.
It can, in turn, increase global carbon emissions. With the advent of economic inorganic phase change materials (PCMs), various temperature-controlled packaging solution providers have started offering PCM-equipped packaging solutions.
PCMs are non-hazardous, non-toxic, non-flammable, require less energy to freeze, and are reusable with the stability of 1000s of the cycle. Material compatibility, cost, and availability of PCMs pose a significant constraint toward their adoption.
Notable cost saving by deploying them in thermal packaging clearly outweighs the negatives. Prominent companies such as Sonoco, Tempack, Cold Chain Technology, Sofrigam, and Intelsius offer PCM-based packaging solutions. Rapid advancement and research & development are expected to push product innovation. It is further set to drop prices and drive the shift toward PCM over dry ice and gel packs.
Competitive Landscape:
Leading companies in the cold chain packaging business in the United States and Canada are making significant gains by creating innovative products. They would also benefit from recent initiatives and mergers made by well-known Canada- and United States-based players to obtain a competitive edge.
Key Companies Profiled:
- Ball Fabrics
- Tenax Corporation
- FenceScreen Inc.
- Putterman Athletics
- Seegars Fence Company
- Eagle Industries
- Fence Screen Depot
- Rolascreen
- Sunesta
- Artisan Panels Inc.
For instance,
- In May 2021, CSafe developed a VIP insulated shipper for BioNTech’s facility. It provides 10+ days of temperature protection for vaccine shipments with minimal dry ice.
Get More Insights:
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the United States & Canada cold chain packaging market, analyzing historical demand from 2017 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections on the United States & Canada cold chain packaging market based on product type (pallet shippers, insulated containers, foam bricks, gel packs, protective packaging, phase change cold storage products), material type (polymer, metal, paper), packaging formats (reusable packaging, disposable packaging), end use (food, beverage, pharmaceutical, cosmetics & personal care), and country.
Key Companies Profiled:
- Ball Fabrics
- Tenax Corporation
- FenceScreen Inc.
- Putterman Athletics
- Seegars Fence Company
- Eagle Industries
- Fence Screen Depot
- Rolascreen
- Sunesta
- Artisan Panels Inc.
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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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