Dry Ice Packaging Market Overview – Global Trends, Strategic Moves, and Long-Term Outlook

📍 Published by DataString Consulting

The global dry ice packaging market is projected to grow from approximately USD 640 million in 2024 to over USD 1.4 billion by 2035, reflecting a compound annual growth rate (CAGR) exceeding 7%. This growth is being driven by surging demand across sectors such as pharmaceutical logistics, food and beverage distribution, biotechnology, and laboratory research.

In pharma, the rise of biologics and mRNA-based vaccines has accelerated the need for ultra-cold transport systems, with dry ice packaging forming a core part of the global cold chain infrastructure. Likewise, the food industry’s pivot to frozen and perishable meal delivery—ranging from gourmet seafood to meal kits—has triggered a parallel boom in cold-retention solutions.

Competitive differentiation is emerging through sustainable design, multi-layer insulation technology, and modular container systems that enable longer cooling durations. Key players are increasingly focused on eco-friendly packaging materials, automated filling systems, and digital temperature tracking to meet evolving regulatory and customer expectations.