India, Pune – The Insight Partners is proud to announce its newest market report, “Dry Ice Market: An In-depth Analysis of Global Trends and Opportunities”. The report provides a holistic view of the Dry Ice market and describes the current scenario as well as growth projections during the forecast period.
Overview
The Dry Ice market has seen some important developments recently, such as growth, decline, and changes in market dynamics. The report gives some insights into the key forces for change, encompassing technological progress, up-to-date regulations, and alterations in consumer tastes.
Key Findings and Insights
Market Size and Growth
Historical Data & Forecast: The dry ice market size was valued at US$ 587.68 million in 2022 and is expected to reach US$ 936.90 million by 2030; it is estimated to register a CAGR of 6.0% from forecast period.
Key Factors Affecting Market Growth:
Growing cold chain logistics demand for pharmaceutical and perishable goods.
Increasing adoption in industrial cleaning and blasting applications.
Technological innovations in dry ice production and storage.
Environmental regulations favoring carbon dioxide recycling for dry ice production.
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Market Segmentation
By Type
Pellets
Blocks
By Application
Food and Beverages
Storage and Transportation
Healthcare
Industrial Applications
Emerging Trend Spotters
Technological Advances:
Development of energy-efficient dry ice production technologies.
Automated and scalable dry ice pelletizers and block machines.
Integration of IoT-enabled monitoring systems for temperature-sensitive logistics.
Shifting consumer preferences
Within the cold chain, increased consumer demand for the delivery of fresh and frozen food has boosted the use of dry ice.
Growing awareness of environmentally sustainable solutions has influenced the adoption of dry ice, whereby CO₂ from industrial sources is increasingly repurposed.
Regulatory Changes:
Market growth is expected to be influenced by regulations promoting the recycling of industrial CO₂ for dry ice production.
Safety guidelines over the storage, transportation, and handling of dry ice have led to improved packaging and distribution protocols.
Growth Opportunities
Cold Chain Logistics Expansion: The surge in demand due to perishable goods transportation and pharmaceuticals.
Industrial Applications: Adoption of dry ice blasting in the automotive, manufacturing, and electronics industries for an eco-friendly solution to cleaning.
Emerging Markets: Rising industrialization and growth in e-commerce, especially in Asia Pacific and Latin America.
Sustainability Initiatives: Various opportunities regarding carbon capture and utilization projects for the production of green dry ice.
Technological Integration: Automation, AI, and IoT in the production and logistics systems of dry ice.
Conclusion
The report Global Dry Ice Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast Period offers comprehensive insights to stakeholders invested or looking to invest in the dry ice market. Through competitive dynamics, market environment, and growth trajectory analysis, stakeholders can make fact-based decisions to improve business opportunities and achieve sustainable growth.
About The Insight Partners
The Insight Partners is among the leading market research and consulting firms in the world. We take pride in delivering exclusive reports along with sophisticated strategic and tactical insights into the industry. Reports are generated through a combination of primary and secondary research, solely aimed at giving our clientele a knowledge-based insight into the market and domain. This is done to assist clients in making wiser business decisions. A holistic perspective in every study undertaken forms an integral part of our research methodology and makes the report unique and reliable.
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