Cold Chain Expansion: The Role of Dry Ice in North America's Logistics Industry

[Aarti Ghodke]

 

North America Dry Ice  Market Overviews

North America North America Dry Ice Market was valued at USD 81.40 Million in 2023. The North America Dry Ice Market size is estimated to grow at a CAGR of 3.7% over the forecast period

 

The solid type of carbon dioxide is known as dry ice. Strong carbon dioxide is recognized by a direct stage change from strong to vaporous state without going through stage change into the liquid with increasing temperature. The North America Dry Ice mechanism includes compressing the vaporous type of carbon dioxide, followed by cooling to the liquefied type of CO2. The liquefied structure goes through pressurized expansion to acquire dry ice, sometimes otherwise called strong carbon dioxide. North America Dry Ice is as often as possible utilized than water-based ice because of its low temperature (- 78°C).

 

Further, the North America Dry Ice market is segmented by Product Type, application, and geography. On the basis of Product Type, the North America Dry Ice market is segmented under pellets, blocks, and slices. Based on the application, the market is segmented under the channels of food and beverage, Healthcare, Entertainment and Storage and transportation. By geography, the market covers the major countries in North America i.e., US, Canada and Mexico. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).

North America Dry Ice  Market Scope and Methodology:

United States of America and Canada are expected to be the dominant region with several market players holding major share of the market, majorly due to the risen demand for dry ice in the healthcare industry as it is used by hospitals and laboratories in storage and transportation in the need to ship temperature-sensitive products. Dry ice can also be used to clean medical and industrial machineries by dry ice blasting method. Moreover, it’s significant usage in Food and Beverage market for preserving frozen foods will further drive the market. The rapidly increase in the demand for frozen foods, as well as the growing use of dry ice as a refrigerant in the food and shipping industries, are expected to significantly drive the dry ice market's growth. Significant growth in the transportation industry will also support product shipping leading to impressive income growth opportunities for the dry ice market.

 

North America Dry Ice  Market Regional Insights

The qualitative and quantitative data provided in the North America Dry Ice Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the North America Dry Ice market. The report studies factors such as company size, market share, market growth, revenue, Product volume, and profits of the key players in the North America Dry Ice market.

 

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 North America Dry Ice  Market Segmentation

Based on Product, the North America Dry Ice Market is segmented into neck-wear, foot-wear, wrist-wear, body-wear, eye-wear, and head-wear, and others. During the forecast period, the increased popularity of these gadgets among recreational fitness enthusiasts and professional athletes is expected to fuel demand for wellness and fitness products. Growing consumer awareness of the benefits of smart wearable consumer electronics, increased smartphone penetration, and rising disposable incomes are all estimated to benefit the market. Several market participants' R& D endeavors are anticipated to add to the industry's growth possibilities. However, concerns about data privacy, a high initial cost, and a short battery life could all threaten market growth during the forecast period.

 

North America Dry Ice  Market Key Players

Continental Carbonic Products (USA)
Sutton-Garten (USA)
Airgas Dry Ice (USA)
Linde Canada (Canada)
Agsco Corp. (USA)
Infra Mexico (Mexico)
Iceman (Canada)
Polar Ice (Bahamas)
Others

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Key questions answered in the North America Dry Ice  Market are:

• What is North America Dry Ice ?
• What was the North America Dry Ice market size in 2023?
• What is the growth rate of the North America Dry Ice Market?
• Which are the factors expected to drive the North America Dry Ice market growth?
• What are the different segments of the North America Dry Ice Market?
• What growth strategies are the players considering to increase their presence in North America Dry Ice ?
• What are the upcoming industry applications and trends for the North America Dry Ice Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the North America Dry Ice Market?
• Who are the leading companies and what are their portfolios in North America Dry Ice Market?
• What segments are covered in the North America Dry Ice Market?
• Who are the key players in the North America Dry Ice market?

 

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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