North America Dry Ice Market Forecast to 2030 - Regional Analysis - by Type (Pellets, Blocks, and Others) and Application (Food and Beverage, Storage and Transportation, Healthcare, Industrial Applications, and Others)
The North America dry ice market was valued at US$ 160.57 million in 2022 and is expected to reach US$ 255.40 million by 2030; it is estimated to register a CAGR of 6.0% from 2022 to 2030. High... もっと見る
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SummaryThe North America dry ice market was valued at US$ 160.57 million in 2022 and is expected to reach US$ 255.40 million by 2030; it is estimated to register a CAGR of 6.0% from 2022 to 2030.High Demand for Dry Ice in Storage and Transportation Fuels North America Dry Ice Market According to the Food and Agriculture Organization (FAO), food loss and waste cause ~US$ 940 billion per year in economic losses. While 17% of the world's food is wasted at the consumption stage, 14% is lost during the distribution, handling, and storage stages. The FAO estimates that US$ 400 billion of perishable food is wasted annually, of which half is lost due to temperature changes. Dry ice, solid carbon dioxide (CO2) at extremely low temperatures, is used extensively as a refrigerant and cooling agent in the storage and transportation sector. Its unique properties make it an indispensable tool for preserving the quality and integrity of perishable items during storage and transportation. Dry ice in the storage and transportation sector is used in the preservation of frozen and chilled products. The sublimation process of dry ice releases extremely cold CO2 gas, creating a consistently low-temperature environment. This makes dry ice an ideal choice for maintaining the required temperature levels during the shipping and storage of goods such as pharmaceuticals, medical samples, and certain types of food. The storage and transportation of vaccines, biologics, and other temperature-sensitive medical supplies often rely on dry ice. The demand for dry ice has surged owing to the rising distribution of vaccines and pharmaceuticals globally, especially in the context of health emergencies. Its ability to provide stable and ultra-cold temperatures ensures that these crucial medical supplies reach their destination in optimal condition. According to the IATA CargoIS, perishables represent an essential commodity within the air freight industry, accounting for 15% of total global air cargo in 2022. Their short shelf life makes perishables prime candidates for air freight, which ensures the fastest transportation option while preserving the commodities' time and temperature-sensitive state. The rising e-commerce and online food delivery services have further fueled the demand for dry ice. Companies delivering perishable goods, such as frozen foods and meal kits, depend on dry ice to maintain the required temperature throughout the transit process, guaranteeing that products arrive at the consumer's doorstep in a safe and consumable state. As the need for efficient preservation of temperature-sensitive goods continues to grow, dry ice remains a key solution for maintaining the quality and safety of various products during their journey from production to final destination. Thus, due to its exceptional cooling properties, dry ice is being highly used in the storage and transportation industry. North America Dry Ice Market Overview North America's food and beverage sector is propelling the demand of dry ice market. This can be attributed to the rising demand for dry ice for frozen foods along with usage of dry ice as a refrigerant in shipping and food industries. Further, in North America, manufacturers are engaging in cutting edge strategies and Type development to boost the quality of processed and frozen Types, which has increased the use of dry ice in keeping the frozen Types fresh for longer duration. An increase in disposable income is boosting the demand for dry ice in food Types in North America, leading to an increase in revenue generation in the region, which has also helped in the growth of the dry ice market. The manufacturers in the region are investing high amounts in the research and development and Type development of dry ice, thereby boosting the market growth. North America Dry Ice Market Revenue and Forecast to 2030 (US$ Million) North America Dry Ice Market Segmentation The North America dry ice market is categorized into type, application, and country. Based on type, the North America dry ice market is segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022. In terms of application, the North America dry ice market is segmented into food and beverage, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022. By country, the North America dry ice market is segmented into the US, Canada, and Mexico. The US dominated the North America dry ice market share in 2022. Continental Carbonic Products Inc, CryoCarb, Linde Plc, Nippon Sanso Holdings Corp, and Reliant Dry Ice Ltd are some of the leading companies operating in the North America dry ice market. Table of ContentsTABLE OF CONTENTS1. Introduction 1.1 The Insight Partners Research Report Guidance 1.2 Market Segmentation 2. Executive Summary 2.1 Key Insights 2.2 Market Attractiveness 3. Research Methodology 3.1 Coverage 3.2 Secondary Research 3.3 Primary Research 4. North America Dry Ice Market Landscape 4.1 Overview 4.2 Porter's Five Forces Analysis 4.2.1 Threats of New Entrants 4.2.2 Threat of Substitutes 4.2.3 Bargaining Power of Buyers 4.2.4 Bargaining Power of Suppliers 4.2.5 Competitive Rivalry 4.3 Ecosystem Analysis 4.3.1 Raw Material Suppliers 4.3.2 Manufacturers 4.3.3 Distributors or Suppliers 4.3.4 End-Use Industry 4.3.5 List of Vendors in the Value Chain 5. North America Dry Ice Market – Key Market Dynamics 5.1 North America Dry Ice Market – Key Market Dynamics 5.2 Market Drivers 5.2.1 High Demand for Dry Ice in Storage and Transportation 5.2.2 Increasing Preference for Dry Ice over Water-based Ice 5.3 Market Restraints 5.3.1 Inability of Dry Ice to be Stored for an Extended Period 5.4 Market Opportunities 5.4.1 Rapidly Increasing Demand for Frozen Foods 5.5 Future Trends 5.5.1 Growing Adoption of Sustainable Dry Ice Production Methods 5.6 Impact of Drivers and Restraints: 6. Dry Ice Market – North America Analysis 6.1 North America Dry Ice Market Volume (Kilo Tons), 2022–2030 6.2 North America Dry Ice Market Volume Forecast and Analysis (Kilo Tons) 6.3 North America Dry Ice Market Revenue (US$ Million), 2022–2030 6.4 North America Dry Ice Market Forecast and Analysis 7. North America Dry Ice Market Volume and Revenue Analysis – by Type 7.1 Pellets 7.1.1 Overview 7.1.2 Pellets: North America Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million) 7.2 Blocks 7.2.1 Overview 7.2.2 Blocks: North America Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million) 7.3 Others 7.3.1 Overview 7.3.2 Others: North America Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million) 8. North America Dry Ice Market Revenue Analysis – by Application 8.1 Food and Beverage 8.1.1 Overview 8.1.2 Food and Beverage: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) 8.2 Storage and Transportation 8.2.1 Overview 8.2.2 Storage and Transportation: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) 8.3 Healthcare 8.3.1 Overview 8.3.2 Healthcare: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) 8.4 Industrial Applications 8.4.1 Overview 8.4.2 Industrial Applications: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) 8.5 Others 8.5.1 Overview 8.5.2 Others: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) 9. North America Dry Ice Market – Country Analysis 9.1 North America Dry Ice Market Overview 9.1.1 North America Dry Ice Market Revenue and Forecast and Analysis – by Country 9.1.1.1 North America Dry Ice Market Volume and Forecast and Analysis – by Country 9.1.1.2 North America Dry Ice Market Revenue and Forecast and Analysis –by Country 9.1.1.3 United States Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million) 9.1.1.3.1 United States Dry Ice Market Breakdown by Type 9.1.1.3.2 United States Dry Ice Market Breakdown by Application 9.1.1.4 Canada Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million) 9.1.1.4.1 Canada Dry Ice Market Breakdown by Type 9.1.1.4.2 Canada Dry Ice Market Breakdown by Application 9.1.1.5 Mexico Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million) 9.1.1.5.1 Mexico Dry Ice Market Breakdown by Type 9.1.1.5.2 Mexico Dry Ice Market Breakdown by Application 10. Competitive Landscape 10.1 Heat Map Analysis by Key Players 10.2 Company Positioning & Concentration 11. Industry Landscape 11.1 Overview 11.2 Market Initiative 11.3 Merger and Acquisition 12. Company Profiles 12.1 Linde Plc 12.1.1 Key Facts 12.1.2 Business Description 12.1.3 Products and Services 12.1.4 Financial Overview 12.1.5 SWOT Analysis 12.1.6 Key Developments 12.2 Nippon Sanso Holdings Corp 12.2.1 Key Facts 12.2.2 Business Description 12.2.3 Products and Services 12.2.4 Financial Overview 12.2.5 SWOT Analysis 12.2.6 Key Developments 12.3 Reliant Dry Ice Ltd 12.3.1 Key Facts 12.3.2 Business Description 12.3.3 Products and Services 12.3.4 Financial Overview 12.3.5 SWOT Analysis 12.3.6 Key Developments 12.4 CryoCarb 12.4.1 Key Facts 12.4.2 Business Description 12.4.3 Products and Services 12.4.4 Financial Overview 12.4.5 SWOT Analysis 12.4.6 Key Developments 12.5 Continental Carbonic Products Inc 12.5.1 Key Facts 12.5.2 Business Description 12.5.3 Products and Services 12.5.4 Financial Overview 12.5.5 SWOT Analysis 12.5.6 Key Developments 13. Appendix 13.1 About The Insight Partners
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