Phase Change Coolant for Packaging Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 9.1% from 2026 to 2033.
The global Phase Change Coolant for Packaging Market was valued at approximately USD 1.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2023 to 2030. The demand for phase change materials (PCMs) in packaging is rising due to their ability to provide efficient thermal management for temperature sensitive products, such as pharmaceuticals and perishable goods. North America led the market in 2022, contributing around 40% to the overall revenue, with the U.S. accounting for the largest share. This growth is driven by the increasing adoption of sustainable and eco friendly packaging solutions in the region, as well as the rise in e commerce for temperature sensitive products. Europe and Asia Pacific follow closely, with significant growth expected in these regions over the forecast period due to the rise in demand for cold chain logistics and the growing pharmaceutical industry. The market in Europe was valued at approximately USD 400 million in 2022 and is expected to grow at a CAGR of 9.2% over the forecast period.
In terms of regional opportunities, the Asia Pacific market is anticipated to witness the highest growth rate of over 12% CAGR from 2023 to 2030. The rapid growth in the pharmaceutical and food industries, coupled with expanding e commerce activities in countries like China and India, is expected to drive demand for phase change coolants in packaging. Additionally, Latin America and the Middle East & Africa are projected to experience steady growth due to increased demand for temperature sensitive packaging solutions in the food and healthcare sectors. The overall market is poised for significant expansion, driven by technological advancements, cost effective production, and an increasing focus on sustainability across regions.
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Cold Ice
Polar Tech Industries
Cold Chain Technologies
RGEES
LLC
Hydropac Ltd
Cryopak
va-Q-tec
Packaging Technology Group
Inc.
Kaneka
Microtek Laboratories Inc.
Chengdu Xinhai Huicai Biotechnology Co.
Ltd.
Shanghai Joule Wax Industry Co.Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Phase Change Coolant for Packaging Market
Water-Based Phase Change Coolants
Organic Phase Change Coolants
Inorganic Phase Change Coolants
Bio-Based Phase Change Coolants
Food and Beverage Packaging
Pharmaceutical Packaging
Electronics Packaging
Aerospace and Defense Packaging
Others (Cosmetics, Chemicals, etc.)
Healthcare
Consumer Goods
Automotive
Aerospace
Logistics and Transportation
Single Component Systems
Multi-Component Systems
Custom Formulations
Low-Temperature Phase Change Coolants (below 0°C)
Medium-Temperature Phase Change Coolants (0-20°C)
High-Temperature Phase Change Coolants (above 20°C)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Phase Change Coolant for Packaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Phase Change Coolant for Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Phase Change Coolant for Packaging Market, By Type
6. Global Phase Change Coolant for Packaging Market, By Application
7. Global Phase Change Coolant for Packaging Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Phase Change Coolant for Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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