Global Dry Ice
Market Report
2025
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global Dry ice market will expand significantly by xx% CAGR between 2024 and 2031.
The demand for pellet type is rising in the global Dry ice market.
The Demand for transportation applications is rising in the global Dry ice market.
The Demand for medical grade type is rising in the global Dry ice market.
North America region will continue to lead, as dominating region and highest compound annual growth rate in the forecast year 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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Market Split by Grade |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Dry Ice industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Dry Ice Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The solid form of carbon dioxide (CO2) that leaves no trace is called dry ice. It is a non-flammable, colorless, somewhat acidic, and odorless substance. By compressing and chilling CO2 gas at extremely high pressures, which first produces liquid CO2, dry ice is created. To create dry ice, the liquid state is squeezed using a hydraulic press to create handy blocks, slices, or pellets. This process is known as pressurized expansion. In comparison to ice which is based on water, it has a lower temperature of about -75°C. Furthermore, dry ice does not melt into a liquid during the sublimation process; rather, it transforms straight into a gas when heated. Its primary usage is in refrigeration to maintain the coldness of frozen and medicinal products. The profitable expansion of the dry ice business has been fueled by consumers' growing preference for dry ice over water-based ice. Compared to water-based ice, the temperature of dry ice is lower. It leaves no trace when heated; it transforms instantly into a gas. In addition to being non-toxic and non-combustible, dry ice is also reasonably priced. Soda and other carbonated beverages are also made with it. Because of these advantages, dry ice is more frequently used in the food preservation, machine blast cleaning, pharmaceutical, and entertainment industries than water-based ice. Due to its benefits over water-based ice, dry ice is becoming more and more in demand across a range of sectors, which will propel the market over the forecast period.
Throughout the projected period, steady growth in the dry ice market is anticipated due to the increasing technological innovations of dry ice blasting in the industry. Dry Ice is the unsung hero in a tale that's only getting started, one that has the potential to transform everything from the way we ship fragile goods to producing breathtaking effects in art and gastronomy.
For example,
Dry ice blasting is one example of an environmentally friendly technology that has been developed in response to the increased need for green cleaning methods. Dry ice blasting is a chemical-free, eco-friendly method that leaves no toxic residues or produces hazardous waste. Because it doesn't require water, it's a water-efficient solution that can be used in places where water is scarce. Dry ice blasting may be finished fast, which lowers downtime and labor expenses. All things considered, dry ice blasting is an economical and sustainable method of surface cleaning.
Dry ice blasting technology is advancing green cleaning practices by offering new and improved ways to clean surfaces safely and effectively. Recent innovations include portable dry ice blasting equipment, which allows for on-site cleaning without the need for large equipment, reduced dry ice pellet consumption, variable flow controls, and improved nozzle design. Portable equipment is smaller, lighter, and easier to maneuver into tight spaces, while variable flow controls allow for greater control over the number of dry ice pellets released during the blasting process, reducing the risk of damage. Improved nozzle design also enhances the efficiency of cleaning processes, reducing the risk of damage. Overall, dry ice blasting technology is a vital component of green cleaning practices, ensuring safe and effective cleaning processes. This influences the dry ice market.
Food storage and delivery in areas without refrigeration facilities require the use of dry ice. Dry ice, in contrast to ordinary ice, may cool for up to 24 hours before it needs to be changed. Dry ice is a better option for carbonation and soda applications since it keeps packed frozen goods frozen for longer at a chilly temperature. Furthermore, dry ice is more durable and provides better cooling than water ice. Dry ice's ability to sublimate means that the container can be kept dry for a few hours. Because of these advantages, the pharmaceutical, machine blast cleaning, and food preservation industries employ more dry ice. The growing demand for cold chain logistics, particularly in the food, beverage, and pharmaceutical industries, is another important factor.
For example,
The demand for dry ice in the United States increased by 695% from Q3 to Q4 and by 1,138% YoY. It is anticipated that the increasing tendency will persist as vaccine producers compete to create and supply vaccines across the globe. The year-over-year and Q4 increases in sourcing for ultra-low temperature freezers were 835% and 571%, respectively. In 2020, the demand for syringes increased dramatically, rising by 187% year over year and by 403% month over month from November to December.
Source (https://www.supplychaindive.com/news/covid-vaccine-supply-PPE-nitrile-gloves-sourcing/594475/)
When shipping perishable goods and temperature-sensitive commodities like vaccines, biological samples, and specialized delicacies, ice is the best cooling agent to use. Compared to water-based ice, dry ice offers a far wider range of applications. The chemical and food industries, plumbing line repairs, pharmaceutical sample distribution, shrink-fitting special effects, dry ice blast cleaning, cold grinding, freeze drying, in-process cooling, and more can all benefit from its application. The market for dry ice is driven by its adaptability and capacity to displace traditional cooling systems that rely on electrical power.
The frozen food industry has seen tremendous change in the last ten years as processors adapt to changing consumer demands and offer a wider range of products to satisfy consumers' tastes and health requirements. The demand for healthier and organic food has been driven by younger and health-conscious consumers. The frozen food section is seeing a notable growth in market share for frozen dinners made with components sourced organically, indicating that consumer demand for organic products has reached new heights. Additionally, as customer desire for alternative options grows, frozen food sales that cater to health trends like gluten-free, low-carb, high-protein, and clean labeling are also increasing.
For example,
The contribution of the frozen processed food segment to the overall processed food sector was around 8% in India in 2020.
For example,
Leading frozen food maker in India, SM Pal Group, strives to create and process the best-frozen food in the nation via years of arduous labor, comprehensive R&D, and sturdy infrastructure. Their extensive infrastructure and modern food processing equipment allow them to provide a vast array of frozen food that is in high demand across the nation.
Source (https://smpalgroup.com/the-demand-for-frozen-foods-increased-in-india/)
The emergence of retail outlets such as hypermarkets, supermarkets, and convenience stores has propelled the retail food segment's robust rise in recent times. The rising per capita income and the convenience of ready-to-cook meal segments are the main drivers of frozen food demand in India. Because of their simplicity of preparation, hygienic qualities, and health advantages, consumers in India have come to favor these processed meals, which have led to a sizeable portion of the country's food market. One of the main factors affecting the frozen food market is the growing disposable income of a sizable population.
Dry ice (solid carbon dioxide) converts to carbon dioxide gas at -78°C and is often used in laboratories. When dry ice transitions from a solid state to a gas state, large volumes of carbon dioxide gas are produced. Dry ice should not be placed in a sealed container that does not allow for the release of this gas as the build-up of pressure can cause the container to rupture or explode. Carbon dioxide exists in solid form as dry ice, which sublimates at temperatures greater than -78.5°C. Because it can sublimate in as little as 18 to 24 hours, long-term storage is challenging. This is a major logistical difficulty because it calls for specialized storage facilities and equipment to maintain extremely low temperatures. This will vary due to how you’re storing it and the size of the brick you have. Based on a whole, five-pound block (that is intact, not broken up), the lifespan of dry ice is 18-24 hours in a cooler. Outdoors, dry ice should last about 3-5 hours, and in liquid for up to 45 minutes. Since dry ice sublimates and turns to gas as it evaporates, you should plan for how much it may sublimate before you need to use it. If you buy 20-25 pounds, you can expect to have about 15 pounds of dry ice the next day if appropriately stored in a cooler. Difficulty in the storage of dry ice for a long time to restrict the market growth.
Due to lockdowns and other limitations, the COVID-19 pandemic has significantly impacted the dry ice business. Demand from industries including hospitality and events has decreased. However, the necessity for dry ice in the delivery and storage of vaccines has grown in the pharmaceutical and healthcare sectors. The most significant effect was the increase in demand for dry ice due to the distribution of COVID-19 vaccines, including the Moderna and Pfizer-BioNTech vaccines, which need to be stored and transported at extremely low temperatures. The epidemic also brought attention to how important dry ice is to keeping medical supplies cool. Due to lower capacity and delays in the manufacture and delivery of dry ice, demand has declined in the food and beverage, healthcare, and transportation sectors. Oxygen displacement in enclosed places and the risk of frostbite have also raised safety concerns. Some companies have outright prohibited using dry ice. The dry ice market is anticipated to rebound in the next years notwithstanding these obstacles. The epidemic has sped up the adoption of new technologies, which will probably continue to gain traction in the years to come. Examples of these technologies include contactless payments and online meal delivery. Furthermore, the pandemic has raised concerns about food safety, which has increased demand for dry ice in the food and beverage sector. To inhibit germs and other foodborne pathogens from growing while food is being transported and stored, dry ice is utilized.
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Dry ice is a non-flammable, colorless, acidic, and odorless substance produced by compressing and chilling CO2 gas at high pressures. It is primarily used in refrigeration to maintain the coldness of frozen and medicinal products. The market's profitability is driven by consumers' preference for dry ice over water-based ice. It is popular in food preservation, machine blast cleaning, pharmaceutical, and entertainment industries. The Dry Ice market is highly competitive, with private players manufacturing counterfeit products of major brands. Major companies are adopting innovative production strategies, such as using new materials, partnering with celebrities, and offering sponsorships. Key players include U.S. Ice Corporation, Polar Ice Ltd, Continental Carbonic Products, Inc., SICGIL India Limited, Linde plc, Air Liquide, Tripti Dry Ice Co., and Dry Ice UK Limited. International players dominate the market, but regional and foreign players also have a presence.
Top Companies Market Share in Dry Ice Industry: (In no particular order of Rank)
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North America is currently dominating the global Dry ice market and also has a notable expansion in the Dry ice market. In terms of market share among regions, the dry ice market in North America has the biggest share. the growing demand coming from the healthcare and pharmaceutical industries, particularly given the current global health crises. The market is expanding as a result of the increase in demand for dry ice, which is necessary for the transportation and storage of vaccines and other medical supplies that are sensitive to temperature. Furthermore, the pandemic has hastened the growth of the e-commerce industry, which has increased the demand for effective cold chain logistics, where dry ice is essential for maintaining perishable items throughout transit. In addition, the advantages of dry ice for the environment are becoming more well-known. Dry ice manufacturing, often made from recycled carbon dioxide, is gaining popularity due to its environmental benefits and sustainability. Technological advancements and improved production capacities have ensured a steady supply to meet growing demand. The North American dry ice market is expected to grow significantly due to these factors and the recognition of dry ice's benefits by various sectors. Asia Pacific Dry ice market is expanding quickly due to rising consumer buying power and strong demand brought on by growing product advantages. The Asia-Pacific area is becoming more urbanized and industrialized, which presents profitable prospects for the top dry ice manufacturers to develop into these nations. Demand-side trends also indicate that the dry ice market is growing at a rapid pace, with significant contributing elements being food preservation, medical instrument storage, pharmaceutical transportation, and longer shelf lives. Asia-Pacific has also seen a rise in demand for Dry Ice reason being developing countries like India, China, and Japan are using dry ice for various purposes including entertainment, industrial cleaning, food storage, and transportation.
The current report Scope analyzes Dry Ice Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Dry Ice Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Dry Ice Industry growth. Dry Ice market has been segmented with the help of its Type, Application Grade, and others. Dry Ice market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Dry ice products are divided into Pellets, Blocks, Slices, Slabs, Columns, Powder, and more categories. In the dry ice market, the pellets category held the biggest market share. The Dry Ice pellet variety has a thicker consistency. Because of their food-grade quality and safety, tube-shaped dry ice pellets meant for use in the food and beverage industry are useful in the handling of food items. These tiny pellets are roughly the size of rice grains. Additionally, for smaller requirements or for storing or transporting, this kind of dry ice is perfect. Colleges, for example, regularly use Dry Ice pellets for testing purposes or short-term storage needs. The entertainment sector also uses dry ice pellets to create artificial clouds and smoke. Furthermore, the influence of cleansing, freezing, chilling, and transportation of food as well as organic examples like blood and antibodies are common uses for dry ice pellets.
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The food and beverage, storage and transportation, industrial cleaning, healthcare, and entertainment industries are the segments of the dry ice industry. Throughout the forecast period, storage and transportation will dominate the market, necessitating careful consideration for shipments that are temperature- and time-sensitive. Dry ice is mostly utilized in pharmaceutical businesses, hospitals, and research institutes for the storage of food, perishable goods, and medical supplies. It offers food, medication, medical supplies, and carbon fiber products for delivery that is chilled or frozen. Due to the rise in organ illnesses and transplant procedures, dry ice is essential in the healthcare sector for the storage and preservation of organs. Blood banks also utilize it to store and preserve blood in sterile, temperature-controlled environments.
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The need for medical-grade dry ice has surged along with the health sector's notable expansion. The market for dry ice is further segmented into food-grade, medical-grade, and industrial-grade categories based on grade. In 2023, medical-grade dry ice held the most market share among these. Many industries use dry ice as a refrigerant. Dry ice is useful for transporting, storing, and disinfecting medical items like prescription drugs and surgical tools. Dry ice is therefore a crucial part of the sector. The rising incidence of organ illnesses is also driving up the need for organ transplant procedures. Dry ice is therefore essential for the storage and transportation of these organs.
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The Global Dry Ice Market is witnessing significant growth in the near future.
In 2023, the Pellet segment accounted for noticeable share of global Dry Ice Market and is projected to experience significant growth in the near future.
The Food & Beverages segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Linde Industrial Gases , Praxair and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
For example,
ASCO CARBON DIOXIDE LTD. teamed up with Landmark Power Holdings Limited (LMPH) and Rolls Royce in April 2024 to create modular clean energy solutions. It will not only drive innovation in the sector but also help organizations take a small step towards effectively addressing climate change.
For example,
Central McGowan introduced the CRX Fab-Pak Cobot Welding Package in October 2021. In 2021, it made its debut in Minneapolis at the ATX/Automation Technology Show. The company was able to strengthen its position in the American market thanks to the robotic welding equipment.
Disclaimer:
Type | Pellet, Block, Slab, Slice, Column, Powder |
Application | Food & Beverages, Storage & Transportation, Healthcare, Industrial Cleaning, Others |
Grade | Food Grade Dry Ice, Medical Grade Dry Ice, Industrial Grade Dry Ice |
List of Competitors | Linde Industrial Gases, Yara, Praxair, Air Liquide, Messer Group, Mastro Ice, Polar Ice, Cee Kay Supply, US Ice Carvers, Continental Carbonic, Air Water Carbonic, TFK Corporation, Sicgil India, Punjab Carbonic, Tripti Dry Ice, Snow Dryice, Kaimeite Gases, Chuan Chon Dryice, Dry Ice Technology, ACP, Huada Petrochemical, Siping Jianxin Gas, Jilin Taisheng Gas, Tianzhong Gas, MITON DRY ICE, Shanghai Huxi, Web Lion Chemical, Shinn Hwa Gas, Hong Yue Industrial, Suzhou Kaishun Dry Ice |
This chapter will help you gain GLOBAL Market Analysis of Dry Ice. Further deep in this chapter, you will be able to review Global Dry Ice Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Dry Ice. Further deep in this chapter, you will be able to review North America Dry Ice Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Dry Ice. Further deep in this chapter, you will be able to review Europe Dry Ice Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Dry Ice. Further deep in this chapter, you will be able to review Asia Pacific Dry Ice Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Dry Ice. Further deep in this chapter, you will be able to review South America Dry Ice Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Dry Ice. Further deep in this chapter, you will be able to review Middle East and Africa Dry Ice Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Dry Ice. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Grade Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Dry Ice market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Pellet have a significant impact on Dry Ice market? |
What are the key factors affecting the Pellet and Block of Dry Ice Market? |
What is the CAGR/Growth Rate of Food & Beverages during the forecast period? |
By type, which segment accounted for largest share of the global Dry Ice Market? |
Which region is expected to dominate the global Dry Ice Market within the forecast period? |
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