As per MRFR analysis, the China Dry Ice Market Size was estimated at 38.35 (USD Million) in 2023.
The China Dry Ice Market Industry is expected to grow from 42.78(USD Million) in 2024 to 98.25 (USD Million) by 2035. The China Dry Ice Market CAGR (growth rate) is expected to be around 7.851% during the forecast period (2025 - 2035).
Key China Dry Ice Market Trends Highlighted
Growth in the China Dry Ice Market is being spurred by many factors. In particular, the food and beverage industry and its subsectors for containing and transporting perishables is dry ice intensive. China's expansion of cold chain logistics systems for controlling food wastage and maintaining quality increases the efficiency demands for refrigeration systems like dry ice. The growth of online grocery shopping and food delivery has increased the need for reliable transport and added transport dry ice required to maintain temperature control. There are ample opportunities to be explored within the China Dry Ice Market, especially in pharmaceuticals and healthcare.
The development of biopharmaceuticals and the need for temperature-sensitive vaccines have highlighted the challenges posed by these products’ stability and transport during the pandemic. There is an emerging need for robust cooling mechanisms that fully encapsulate the requirements of biopharmaceuticals. These shifts in the market pay heed to recent developments within the China Dry Ice Market, which indicate a move towards sustainable dry ice production in China. Companies are increasingly focusing on the fabrication of dry ice that is recyclable and ecologically friendly, contributing to China’s environmental aims. In addition, more advanced technologies are improving the processes of dry ice production, leading to more economical and less environmentally harmful processes.
Rise in e-commerce along with heightened consumer knowledge remain pivotal trends actively driving the expansion of dry ice usage across multiple applications. In conclusion, the China Dry Ice Market is poised for growth due to emerging trends and changing market demands.
China Dry Ice Market Drivers
Increasing Demand for Food Preservation and Transportation
The China Dry Ice Market Industry is experiencing significant growth driven by the rising demand for food preservation and transportation solutions. The food sector in China is witnessing a shift towards frozen and perishable goods, necessitating effective preservation strategies. According to the Ministry of Agriculture and Rural Affairs of China, the national cold chain logistics market's size reached approximately 360 billion USD in recent years, indicating a robust infrastructure demand for transporting temperature-sensitive products.
This creates an increased need for dry ice as a cooling medium, with established companies like CO2Solutions and Airgas implementing innovations to meet this demand. The growth in the retail and food delivery sectors further complements this trend, solidifying dry ice's relevance in maintaining food quality during distribution.
Growth in Pharmaceutical and Biotechnology Industries
The pharmaceutical and biotechnology sectors in China are driving demand for dry ice due to their requirement for temperature-controlled environments. As China aims to increase its biotech industry size to several hundred billion USD by 2025, the necessity for effective medical and drug transportation becomes paramount. According to the National Health Commission of China, there has been a 15% annual growth in the number of biopharmaceutical companies, which require dry ice for the storage and transport of sensitive vaccines and medications.
Major players like Sinopharm and WuXi AppTec are leading this charge, implementing advanced logistics solutions that utilize dry ice, further propelling the growth of the China Dry Ice Market Industry.
Regulatory Support for Cold Chain Infrastructure
In recent years, the Chinese government has introduced supportive regulations aiming to enhance cold chain infrastructure, directly benefiting the China Dry Ice Market Industry. The State Council's guidelines emphasize the establishment of a robust cold chain system, forecasting an investment boost in refrigerated transport and storage facilities. As a result, the projected investment in cold-chain infrastructure is expected to reach approximately 30 billion USD within the next few years.
This regulatory support aligns with the need for dry ice as a crucial refrigerant for keeping products at optimal temperatures, driving up demand across various sectors. Leading organizations such as China National Chemical Corporation are actively involved in improving logistics sustainability, leveraging dry ice for efficient temperature maintenance.
China Dry Ice Market Segment Insights
Dry Ice Market Dry Ice Type Insights
The China Dry Ice Market has been experiencing significant growth, particularly in the Dry Ice Type segment which consists of Pellets, Blocks, and Others. As the demand for dry ice becomes more pronounced in various sectors such as food preservation, healthcare, and manufacturing, the Pellets form has become increasingly important due to their versatility and efficiency in shipping perishable goods. Pellets of dry ice are preferred for their ability to easily fit into packaging while providing superior cooling performance, essential for maintaining product integrity during transit.
Conversely, Blocks of dry ice, though larger, serve specialized needs such as maintaining low temperatures over longer durations, making them crucial for specific applications in logistics and storage. Additionally, the 'Others' category encompasses various custom molds and shapes that cater to niche markets, thus highlighting the innovative characteristics of the dry ice industry. Overall, as the practices around cold chain logistics emphasize more on efficiency and sustainability, segments like Pellets and Blocks are expected to play a pivotal role in meeting the evolving demands of the market.
The ongoing market trends reflect an increasing penetration of dry ice in sectors beyond traditional uses, supported by extensive data on the China Dry Ice Market revenue and its dynamic segmentation, further portraying the industry's robust characteristics. Overall, the continuous advancements in technology and rising awareness among consumers about the benefits of dry ice will likely fuel future market growth, ensuring that types like Pellets and Blocks lead the way in usage due to their functional advantages. .
Dry Ice Market Dry Ice Application Insights
The China Dry Ice Market, particularly in the Dry Ice Application segment, has been witnessing steady growth due to increasing demand across various industries. The Food and Beverages sector significantly utilizes dry ice for preserving food quality and extending shelf life, thereby maintaining product integrity during storage and transportation. In the Healthcare industry, the ability to transport vaccines and other temperature-sensitive medicines efficiently has become vital, leading to a notable reliance on dry ice solutions. Moreover, the Storage and Transportation applications are crucial for maintaining optimal conditions in logistics chains, underscoring the importance of dry ice in reducing spoilage and ensuring safety.
Industrial Cleaning is another area where dry ice is increasingly favored due to its eco-friendly nature and effectiveness in cleaning processes without leaving residues. Additionally, other applications are emerging as industries explore innovative uses for dry ice, paving the way for further market growth. As these sectors continue to advance and expand, the significance of dry ice in China’s economy becomes clearer, consolidating its role as a key component in these diverse applications.
China Dry Ice Market Key Players and Competitive Insights
The China Dry Ice Market has been experiencing significant growth, driven by the increasing demand for dry ice in various applications such as food preservation, pharmaceuticals, and industrial processes. As businesses seek to enhance their logistical capabilities and maintain the quality of perishable goods, the competitive landscape of this market has become more dynamic. Companies are continually innovating their product offerings and exploring new distribution channels to capture a larger market share. The presence of domestic and international players has intensified competition, leading to advancements in technology and production processes. As a result, companies are focusing on strategic partnerships, expansions, and mergers to strengthen their positions in this evolving market.
Korea Industrial Gas has established a notable presence in the China Dry Ice Market by leveraging its extensive experience and expertise in gas production and distribution. The company is well-regarded for its high-quality dry ice, which caters to various sectors including food and beverage, logistics, and healthcare. Korea Industrial Gas focuses on maintaining rigorous quality standards, ensuring that its products meet the specific needs of its customers. Additionally, the company's strong distribution network and logistical capabilities allow it to efficiently serve clients across different regions in China. By investing in modern production techniques and prioritizing customer service, Korea Industrial Gas continues to solidify its competitive edge in this rapidly growing market.
Ningxia Yinglite has made considerable strides in the China Dry Ice Market by providing a diverse range of products and services, primarily catering to the needs of the food and pharmaceuticals industries. The company focuses on producing high-quality dry ice while ensuring sustainability through environmentally-friendly manufacturing processes. With a strong market presence, Ningxia Yinglite has developed robust relationships with key clients, enabling it to expand its reach across various provinces in China. The company's strength lies in its commitment to innovation and customer satisfaction, which has been bolstered by strategic partnerships and potential mergers and acquisitions aimed at expanding its operational capabilities. By continually upgrading its technology and expanding its product offerings, Ningxia Yinglite is positioned for sustained growth in the competitive landscape of the dry ice market.
Key Companies in the China Dry Ice Market Include:
China Dry Ice Market Industry Developments
The China Dry Ice Market has witnessed notable developments recently, driven by increasing demand from various sectors including food preservation, pharmaceuticals, and industrial applications. In September 2023, Air Products announced the expansion of its production facilities in China to meet the growing demand for dry ice, emphasizing sustainability and logistical improvements. Concurrently, Linde has also ramped up its operational capacity in the region to strengthen its market position.
The market is expected to see continued growth, with companies like Yara International and BASF increasing their investments in CO2 recovery technology, which is essential for dry ice production. Notably, in July 2022, Messer Group completed the acquisition of a local dry ice producer, enhancing its logistics and distribution capabilities within China. The increasing utilization of dry ice among food and beverage companies, particularly due to the rise of e-commerce, has been significant over the last couple of years.
As the industry supports vaccine distribution and food safety measures, the demand for dry ice remains robust, contributing to an optimistic outlook for the market's valuation in the coming years.
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 | 38.35(USD Million) |
| Market Size 2024 | 42.78(USD Million) |
| Market Size 2035 | 98.25(USD Million) |
| Compound Annual Growth Rate (CAGR) | 7.851% (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 | Korea Industrial Gas, Ningxia Yinglite, Dongguan Nengwuxie, Air Products, Yara International, Messer Group, Qingdao Energas, Showa Denko, Linde, SABIC, Airgas, BASF, Hubei Giker, Shanghai Jiuqi, CO2 Solutions |
| Segments Covered | Dry Ice Type, Dry Ice Application |
| Key Market Opportunities | Expanding healthcare sector demand, Growing e-commerce logistics needs, Increasing food preservation applications, Rising demand in events industry, Expanding industrial manufacturing utilization |
| Key Market Dynamics | growing demand from food processing, increasing use in pharmaceuticals, rising adoption in logistics, environmental sustainability concerns, competition from alternative refrigerants |
| Countries Covered | China |
Frequently Asked Questions (FAQ) :
The China Dry Ice Market was valued at 42.78 million USD in 2024.
By 2035, the China Dry Ice Market is expected to reach a value of 98.25 million USD.
The expected CAGR for the China Dry Ice Market from 2025 to 2035 is 7.851%.
The market size for dry ice pellets is anticipated to be 17.12 million USD in 2024 and 39.36 million USD in 2035.
The market for dry ice blocks is expected to be valued at 34.1 million USD in 2035.
Major players in the China Dry Ice Market include Korea Industrial Gas, Air Products, and Linde.
Key applications for driving growth include food preservation, industrial cooling, and medical transportation.
The market size for other types of dry ice was 11.1 million USD in 2024.
Challenges include regulatory hurdles and competition from alternative cooling methods.
Growth drivers include increasing demand in logistics and transportation sectors, especially for perishable goods.
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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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