As per MRFR analysis, the Canada Dry Ice Market Size was estimated at 27.39 (USD Million) in 2023.
The Canada Dry Ice Market Industry is expected to grow from 29.79(USD Million) in 2024 to 55 (USD Million) by 2035. The Canada Dry Ice Market CAGR (growth rate) is expected to be around 5.732% during the forecast period (2025 - 2035).
Key Canada Dry Ice Market Trends Highlighted
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.
Canada Dry Ice Market Drivers
Increasing Demand from Food and Beverage Sector
The Canada Dry Ice Market Industry is significantly driven by the rising demand from the food and beverage sector. The Canadian food processing industry has been expanding, with the government reporting that it contributed over 7.5 billion CAD to the economy in 2021 alone. Furthermore, the growing preference for frozen food, with a reported increase in sales by 22% over the past five years according to Statistics Canada, necessitates the use of dry ice for preservation and transportation.
Established companies like McCain Foods and Saputo Inc. are increasing their production capacity and expanding distribution networks, further propelling the need for dry ice in their operations. This trend of utilizing dry ice for enhanced product shelf life and quality align with the rising consumer preferences for high-quality, frozen products, which is expected to drive growth in the Canada Dry Ice Market.
Expansion of E-commerce and Home Delivery Services
The growth of e-commerce and home delivery services in Canada is a key driver for the Canada Dry Ice Market Industry. With statistics from the Canada Post indicating that online shopping increased by more than 70% during the pandemic, the demand for reliable and effective product shipping options has grown. Companies such as Amazon Canada and local grocery delivery services are utilizing dry ice to ensure perishable goods maintain their quality during transit.
The shift toward online grocery shopping is anticipated to continue, with projections suggesting a sustained annual growth rate of 24% in e-commerce sales through 2025. This transition will significantly bolster the demand for dry ice, as it is crucial for the safe delivery of temperature-sensitive items.
Increasing Use in Medical and Pharmaceutical Applications
The medical and pharmaceutical sectors are also significant contributors to the growth of the Canada Dry Ice Market Industry. With the rising prevalence of vaccines and biologics that require careful temperature control, dry ice is becoming increasingly essential. Statistics from Health Canada show a 15% annual increase in vaccine production and distribution needs, particularly following the COVID-19 pandemic. This surge has led companies like Thermo Fisher Scientific to enhance their logistics capabilities to accommodate both vaccine distribution and general medical supplies, all of which utilize dry ice.
As the healthcare sector continues to evolve and expand, particularly in response to public health demands, the reliance on dry ice for shipping temperature-sensitive medications will likely increase substantially.
Canada Dry Ice Market Segment 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
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.
Canada Dry Ice Market 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 Include:
Canada Dry Ice Market 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.
Dry Ice Market Segmentation Insights
Dry Ice Market Dry Ice Type Outlook
Dry Ice Market Dry Ice Application Outlook
Food Beverages
Storage Transportation
Healthcare
Industrial Cleaning
Others
| 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 |
Frequently Asked Questions (FAQ) :
The Canada Dry Ice Market was valued at 29.79 million USD in 2024.
By 2035, the Canada Dry Ice Market is projected to reach a value of 55.0 million USD.
The expected CAGR for the Canada Dry Ice Market from 2025 to 2035 is 5.732%.
The 'Blocks' segment is projected to have a value of 22.0 million USD by 2035.
Key players in the Canada Dry Ice Market include American Carbonic, Air Products, and Linde among others.
The market value for Pellets in the Canada Dry Ice Market was 10.0 million USD in 2024.
Key growth drivers for the market include increasing demand for dry ice in food and medical applications.
Challenges include potential regulatory issues and competition from alternative cooling methods.
The Canada Dry Ice Market is a specialized segment within the larger industrial gas market, primarily serving specific applications.
The Others segment is expected to reach a value of 13.0 million USD by 2035.
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Research Analyst Harshita post graduate mba in business administration from welingkar institute, mumbai and 5 years of experience in the field of product market research. as a research analyst, i have cross-domain experience in packaging, and industrial automation & equipment. i am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at market research future reports. my responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.
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