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    Canada Dry Ice Market

    ID: MRFR/F-B & N/44974-HCR
    200 Pages
    Harshita Gorade
    September 2025

    Canada Dry Ice Market Research Report By Dry Ice Type (Pellets, Blocks, Others) and By Dry Ice Application (Food Beverages, Storage Transportation, Healthcare, Industrial Cleaning, Others) - Forecast to 2035

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    Canada Dry Ice Market Research Report- Forecast to 2035 Infographic
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    Canada Dry Ice Market Summary

    The Canada Dry Ice market is projected to grow significantly, reaching 55 USD Million by 2035.

    Key Market Trends & Highlights

    Canada Dry Ice Key Trends and Highlights

    • The market valuation for Canada Dry Ice is estimated at 29.8 USD Million in 2024.
    • By 2035, the market is expected to expand to 55 USD Million, indicating robust growth.
    • The compound annual growth rate (CAGR) for the period from 2025 to 2035 is projected at 5.73%.
    • Growing adoption of dry ice in food preservation due to its efficiency is a major market driver.

    Market Size & Forecast

    2024 Market Size 29.8 (USD Million)
    2035 Market Size 55 (USD Million)
    CAGR (2025-2035) 5.73%

    Major Players

    Bombay Gas, American Carbonic, Universal Industrial Gases, CryoLuxe, Air Products, Matheson, Continental Carbonic Products, Polar Ice, Sustainability Solutions, Praxair, Wesco Distribution, Linde, Cryogenic Industries, Airgas, Infinite Carbon

    Canada Dry Ice Market Trends

    In Canada, the market for dry ice is growing steadily, particularly with its application in the food and beverage industries and healthcare. The increasing concern regarding food safety, coupled with the effective transportation of refrigerated perishables, add to the demand for dry ice used as a shipping coolant. Also, expanded e-commerce platforms and other home delivery services for frozen and chilled products have added to the consumption of dry ice in Canada. Improved manufacturing technologies being developed further increase the efficiency and cost-effectiveness of dry ice production.

    The aspect of sustainability is also forming a primary emerging market driver as industries look for green options which confirms the trend towards using dry ice as refrigerant is becoming more eco-friendly. The possibility of expansion is especially visible in the healthcare industry with the continuous advancements for the vaccines and other sensitive temperature pharmaceuticals. The cold chain logistics which need reliable services is increasing and dry ice offers a good alternative to maintain the necessary temperatures during transport.

    There are recent patterns indicating great interest towards using dry ice blasting for cleaning in the automotive and manufacturing industry and this suggests further expansion of the market.

    With the continued efforts by Canadian authorities towards achieving sustainability and efficiency, the dry ice market is expected to grow by offering sustainable multi-sector targeted solutions and applications.

    Market Segment Insights

    Canada Dry Ice Market Segment Insights

    Canada Dry Ice Market Segment Insights

    Dry Ice Market Dry Ice Type Insights

    Dry Ice Market Dry Ice Type Insights

    The Dry Ice Type segment within the Canada Dry Ice Market reflects a diverse landscape marked by the presence of various forms, notably Pellets, Blocks, and Other configurations. Pellets are favored for their versatility and ease of handling, making them an attractive choice for multiple applications ranging from food preservation to industrial cleaning processes. This form of dry ice is known to integrate seamlessly into various shipping and storage solutions, thus fueling its demand in industries such as logistics and pharmaceuticals.

    Conversely, Blocks are significant in particular applications that require longer-lasting cooling effects, often utilized in shipping larger items or products needing extended cooling durations. The choice between Pellets and Blocks typically hinges on the specific requirements of the end-users, where heavy-duty requirements often lead customers towards Block forms, while users needing immediate cooling and ease of management may gravitate towards Pellets.

    The Other configurations within this segment can cater to niche applications that may combine aspects of both forms or introduce entirely new shapes tailored for specific industrial needs. The evolution of this segment represents a crucial aspect of the Canada Dry Ice Market, driven by trends such as increased industrial automation and growth in sectors like food processing and healthcare. As industries demand more efficient cooling solutions to sustain product integrity, the innovations surrounding the Dry Ice Type segment led to enhanced product offerings, reflecting a growing understanding of end-user needs. 

    The segment's adaptability to varied applications positions it as a significant contributor to the overall market dynamics, demonstrating how pivotal the Dry Ice Type segment is in meeting the diverse cooling, preservation, and cleaning needs across Canada. Ultimately, the continued development in the Dry Ice Type segment holds promise, underpinned by the ongoing advancements in technology which seek to improve efficiency and reduce costs in various applications.

    Dry Ice Market Dry Ice Application Insights

    Dry Ice Market Dry Ice Application Insights

    The Canada Dry Ice Market, particularly in the realm of Dry Ice Application, reflects a growing industry driven by various sectors utilizing dry ice for its unique properties. The Food and Beverages sector stands out, leveraging dry ice for preservation and transportation to maintain product quality and safety during transit. The Storage and Transportation segment plays an essential role in various industries, ensuring the integrity of temperature-sensitive goods as they move through the supply chain. Healthcare also significantly benefits from dry ice applications, particularly in the safe transport of medical supplies and organs, where maintaining the right temperature is crucial.

    Additionally, the Industrial Cleaning sector employs dry ice for effective cleaning processes, contributing to efficiency and reducing chemical usage. Other diverse applications highlight the material's versatility across different fields. This growth is supported by increasing consumer demand in Canada for high-quality, safely transported products, thus reflecting ongoing trends and opportunities in the market that promise further advancements and innovations in dry ice uses. Overall, the Canada Dry Ice Market is expanding as these applications fulfill varying industrial needs, paving the way for enhanced efficiencies across sectors.

    Get more detailed insights about Canada Dry Ice Market Research Report- Forecast to 2035

    Key Players and Competitive Insights

    The Canada Dry Ice Market exhibits a competitive landscape characterized by several dynamic players, each striving to capture a significant share of the market. This sector is primarily driven by the growing demand for dry ice across various industries, including food preservation, medical applications, and logistical support for temperature-sensitive goods. As the consumption of dry ice increases, companies are adapting their strategies to improve supply chain efficiency and meet rising customer expectations.

    The competitive insights reveal a focus on enhancing production capabilities, expanding distribution networks, and integrating innovative technologies, which are essential for sustaining competitiveness in a market that is becoming increasingly saturated. Bombay Gas stands out within the Canada Dry Ice Market due to its robust production capabilities and strategic market presence. The company benefits from a well-established distribution network, allowing it to efficiently supply dry ice to various sectors, including healthcare and food processing. Its strengths lie in its commitment to quality control and adherence to regulatory standards, which bolster its reputation among customers.

    Furthermore, Bombay Gas emphasizes customer service, ensuring timely delivery and responsiveness to client needs. The company's focus on sustainable practices enhances its competitive advantage, appealing to environmentally conscious consumers who seek reliable sources of dry ice while being mindful of eco-friendliness. American Carbonic plays a significant role in the Canada Dry Ice Market by offering a diverse range of products and services tailored to various applications. The company specializes in the production and distribution of dry ice, catering to industries like logistics, food preservation, and healthcare.

    American Carbonic's strengths are highlighted by its advanced production techniques, enabling high-quality dry ice with consistent performance. The company is also known for its strategic partnerships and alliances that bolster its market presence and enhance service delivery across Canada. Additionally, American Carbonic has engaged in mergers and acquisitions to expand its operational capabilities and footprint within the region, allowing it to cater to an increasing customer base while maintaining a commitment to innovation and quality in its offerings.

    Key Companies in the Canada Dry Ice Market market include

    Industry Developments

    Recent developments in the Canada Dry Ice Market show a growing demand driven by various sectors, particularly within food and beverage, healthcare, and logistics. In September 2023, the increase in e-commerce activities, especially in food delivery services, has sparked a greater need for dry ice for transportation, enhancing product preservation. 

    The market is witnessing substantial growth in market valuations for major players including Air Products, Linde, and Praxair, reflecting the expanding usage of dry ice in vaccine distribution and temperature-sensitive goods. Notably, in August 2023, Airgas and American Carbonic announced a strategic alliance aimed at improving production and distribution efficiencies in the Canadian market. 

    While there has been heightened interest in sustainability within the industry, with companies like Sustainability Solutions focusing on carbon neutrality, reliable sources indicate that some reactiveness in supply chains aligns with these efforts. 

    Significant events over the past two years include the rise in dry ice prices due to supply chain disruptions, which have been exacerbated by global logistics challenges since early 2021. The Canada Dry Ice Market continues to adapt and build resilience against these hurdles, highlighting both challenges and opportunities for growth.

    Market Segmentation

    Dry Ice Market Dry Ice Type Outlook

    • Pellets
    • Blocks
    • Others

    Dry Ice Market Dry Ice Application Outlook

    • Food Beverages
    • Storage Transportation
    • Healthcare
    • Industrial Cleaning
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 27.39(USD Million)
    Market Size 2024 29.79(USD Million)
    Market Size 2035 55.0(USD Million)
    Compound Annual Growth Rate (CAGR) 5.732% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Million
    Key Companies Profiled Bombay Gas, American Carbonic, Universal Industrial Gases, CryoLuxe, Air Products, Matheson, Continental Carbonic Products, Polar Ice, Sustainability Solutions, Praxair, Wesco Distribution, Linde, Cryogenic Industries, Airgas, Infinite Carbon
    Segments Covered Dry Ice Type, Dry Ice Application
    Key Market Opportunities Food preservation solutions, Pharmaceutical shipping demand, E-commerce delivery growth, Environmental regulations impact, Event cooling applications
    Key Market Dynamics growing demand in food industry, rising ecommerce and shipping needs, environmental regulations and sustainability, advancements in production technologies, increasing end-use applications
    Countries Covered Canada

    FAQs

    What was the market size of the Canada Dry Ice Market in 2024?

    The Canada Dry Ice Market was valued at 29.79 million USD in 2024.

    What is the expected value of the Canada Dry Ice Market by 2035?

    By 2035, the Canada Dry Ice Market is projected to reach a value of 55.0 million USD.

    What is the expected compound annual growth rate (CAGR) for the Canada Dry Ice Market from 2025 to 2035?

    The expected CAGR for the Canada Dry Ice Market from 2025 to 2035 is 5.732%.

    Which segment of the Canada Dry Ice Market is projected to have the highest value by 2035?

    The 'Blocks' segment is projected to have a value of 22.0 million USD by 2035.

    Who are the key players in the Canada Dry Ice Market?

    Key players in the Canada Dry Ice Market include American Carbonic, Air Products, and Linde among others.

    What was the market value of Pellets in the Canada Dry Ice Market for the year 2024?

    The market value for Pellets in the Canada Dry Ice Market was 10.0 million USD in 2024.

    What are the growth drivers for the Canada Dry Ice Market?

    Key growth drivers for the market include increasing demand for dry ice in food and medical applications.

    What challenges does the Canada Dry Ice Market face?

    Challenges include potential regulatory issues and competition from alternative cooling methods.

    How does the Canada Dry Ice Market fit into the broader industrial gas market?

    The Canada Dry Ice Market is a specialized segment within the larger industrial gas market, primarily serving specific applications.

    What is the expected value of the Others segment in the Dry Ice Market for 2035?

    The Others segment is expected to reach a value of 13.0 million USD by 2035.

    Report Infographic
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    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials