The recent market research analysis of “Cold Chain Packaging Materials Market: Global Demand Analysis & Opportunity Outlook 2033” by Research Nesterdelivers an in-depth competitors analysis and a detailed overview of the global cold chain packaging materials market in terms of market segmentation by product, material, application, and by region over the forecast period, i.e., 2023-2033.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the global cold chain packaging materials market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
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Cold chain packaging materialsmarket to find numerous growth opportunities on the back of skyrocketing growth in the global population, finds Research Nester
The global cold chain packaging materials market is estimated to grow majorly on account of the rising demand for fresh vegetables and fruits, and the growing inclination of the global population toward seafood. For instance, in 2022, the export volume of fresh vegetables reached around USD 800 million while the export volume of processed vegetables was estimated to be about USD 400 million. Additionally, the growing utilization of cold chain packaging in bakeries and pharmaceuticals is further expected to fuel the growth of the market over the forecast period. As of 2021, the pharmaceutical industry was estimated to generate a revenue of around USD 1.5 trillion.
The global cold chain packaging materials market is segmented on the basis of application into fruits & vegetables, meat & seafood, dairy product, bakery, pharmaceuticals, and others. The dairy product segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. The growth of the segment can be ascribed to the significant growth in the consumption and production of milk worldwide. As of 2020, around 900 million tonnes of milk were produced across the globe, and estimated to rise exponentially in upcoming years.
By region, the Asia Pacific cold chain packaging materials market is to generate the highest revenue by the end of 2033. This growth is anticipated by the rising population in the region and escalation in the purchase of dairy products, meat, vegetable, snacks, and others. For instance, in 2018, the population of Asia was anticipated to reach about 45 million.
The research is global in nature and covers detailed analysis on the cold chain packaging materials market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global cold chain packaging materials market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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This report also provides the existing competitive scenario of some of the key players of the global cold chain packaging materials market which includes company profiling of Sonoco Products Company, Huntsman International LLC, Vericool Inc., The Dow Chemical Company, Covestro AG., BioPak Pty Limited, Armstrong Brands, Inc., Mondi plc, Amcor plc, Novolex Holdings, LLC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cold chain packaging materials marketthat will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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