Europe Dry Ice Market Overview
As per MRFR analysis, the Europe Dry Ice Market Size was estimated at 80.34 (USD Million) in 2023.
The Europe Dry Ice Market Industry is expected to grow from 87.38(USD Million) in 2024 to 217.98 (USD Million) by 2035. The Europe Dry Ice Market CAGR (growth rate) is expected to be around 8.665% during the forecast period (2025 - 2035).
Key Europe Dry Ice Market Trends Highlighted
Several key market drivers impact the Europe Dry Ice market, primarily the increasing requirement for effective preservation aids in industries like food and pharmaceuticals. Due to sharp focus now placed on food quality and safety, business is dry ice for effective cooling during transport and storage, especially for perishables. Furthermore, the requirements for temperature sensitive products within the pharmaceutical sector also propels the market as dry ice can reliably preserve the required temperatures. European market opportunities include the expansion of e-commerce and online food delivery services which require maintenance of product integrity during transport.
Challenging to business is the requirement of maintaining frozen or chilled state for perishable products until they are delivered to the customer, especially with the shift in consumer preference towards online shopping. In addition, the development of biopharmaceuticals is a new yet huge opportunity for dry ice due to the strict temperature control these products require throughout their lifecycle. The European dry ice market has seen tremendous growth recently relative to other markets due to increase in reliance on, and need for, temperature controlled management systems. This was especially pronounced during the COVID-19 pandemic with the drastic increase in the need for dry ice for vaccine distribution.
At the same time, Europe’s turn towards sustainability has triggered a willingness to dry ice production through environmentally friendly means, which can enhance the market. In any case, the European market for dry ice seems likely to keep growing as other industrial sectors respond to new consumer demand and progress in technology.
Europe Dry Ice Market Drivers
Increasing Demand in Healthcare and Pharmaceutical Sectors
The Europe Dry Ice Market Industry is experiencing significant growth due to the rising demand for dry ice in the healthcare and pharmaceutical sectors. The transportation of medical supplies, vaccines, and biological samples requires a reliable cooling solution to maintain product integrity. According to the European Medicines Agency (EMA), there has been a surge in the distribution of vaccines, particularly influenced by the COVID-19 pandemic, which necessitates temperature-controlled logistics.
An increase of 35% in the use of dry ice for vaccine transport in 2021 alone highlights the growing reliance on dry ice in the pharmaceutical industry. Furthermore, with the European Union's robust regulations on the shipping of medical and biological products, the demand for dry ice as a means of maintaining the cold chain is projected to rise, affirming its critical role in the pharmaceutical logistics sector.
Growth in Food Preservation and Transportation
The need for effective food preservation solutions is a significant driver for the Europe Dry Ice Market Industry. The European Food Safety Authority (EFSA) underscores the importance of maintaining food quality and safety through optimized logistics, revealing that approximately 10% of food produced in Europe is wasted largely due to inadequate refrigeration during transportation. The use of dry ice effectively prolongs shelf-life by keeping perishable products, such as frozen foods and seafood, at the required low temperatures.
As consumer preferences shift towards fresh, organic, and frozen products, the dry ice market is set to benefit, especially with the rising trend of home delivery services where maintaining quality is paramount.
Advancements in Cold Chain Logistics
Cold chain logistics is evolving rapidly, and this transformation acts as a significant driver for the Europe Dry Ice Market Industry. The European Commission's recent initiative to enhance food and pharmaceutical safety underscores the critical need for stringent supply chain protocols, which rely heavily on technologies such as dry ice cooling. In fact, a report from the European Logistics Association indicates an expected growth of 6% annually for cold chain logistics over the next five years.
Dry ice plays a pivotal role in these logistics by providing reliable and efficient cooling options that meet the stringent regulations set forth by authorities concerning temperature control during transit, ultimately leading to heightened efficiency and reduced spoilage rates.
Europe Dry Ice Market Segment Insights
Dry Ice Market Dry Ice Type Insights
The Europe Dry Ice Market is a notable sector within the wider industrial landscape, encompassing various applications and uses that contribute significantly to its growth. One of the key aspects of this market is the Dry Ice Type segment, which includes several key forms of dry ice such as pellets, blocks, and others. Pellets are particularly significant due to their versatility; they are widely used in food preservation and transportation, maintaining the freshness of perishable items during transit. This form of dry ice is popular among various industries, including food and beverage, healthcare, and logistics, given its effectiveness in temperature-sensitive applications.
Blocks, while traditionally used for larger-scale cooling needs, also play an important role in extended use scenarios such as in the shipping of seafood and medical supplies. These solid forms allow for longer-lasting cooling but may not provide the precision in temperature control that pellets offer. Additionally, other types of dry ice, which can include custom shapes and sizes, cater to specialized applications across sectors such as pharmaceuticals and research laboratories where specific cooling requirements are essential. Overall, the variety within the Dry Ice Type segment highlights the adaptability of dry ice in meeting diverse industrial needs, reflecting broader trends in the Europe Dry Ice Market revenue and showing consistent growth aligned with the increasing demand for reliable temperature control solutions.
With ongoing developments in transportation and packaging technology, the Dry Ice Type segment is expected to continue evolving, underscoring the importance of innovation in maintaining competitiveness in the Europe Dry Ice Market industry. The overall market segmentation within the dry ice landscape illustrates how essential these types are in fulfilling operational requirements across various sectors, thereby driving substantial market growth.
Dry Ice Market Dry Ice Application Insights
The Europe Dry Ice Market, particularly in the Dry Ice Application segment, reflects significant growth and importance across various industries. The Food and Beverages sector relies heavily on dry ice for preservation and transportation, ensuring products maintain their quality and safety during shipping. Similarly, Storage and Transportation benefit from dry ice as it plays a crucial role in maintaining low temperatures for perishables, especially in a region known for its diverse food supply. The Healthcare sector utilizes dry ice for temperature-sensitive medical supplies, enhancing logistics efficiency in hospitals and laboratories.
Industrial Cleaning employs dry ice in abrasive cleaning applications, proving to be an effective environmentally-friendly alternative. Other applications also contribute to the market's versatility, showcasing dry ice's ability to adapt to different needs. With an increasing emphasis on sustainability and efficiency, the Europe Dry Ice Market demonstrates a favorable trajectory, supported by significant trends such as technological advancements and heightened demand for safe food transportation. As regional economies continue to develop, opportunities for growth and innovation within these applications are expected to flourish, further cementing dry ice's role in numerous sectors throughout Europe.
Europe Dry Ice Market Key Players and Competitive Insights
The Europe Dry Ice Market is characterized by a diverse and competitive landscape driven by the rising demand for refrigerated transportation and packaging solutions across various industries such as healthcare, food, and logistics. The market's dynamics involve several players who are vying for market share through innovative solutions and strategic partnerships. Increased awareness about the benefits of dry ice, such as its ability to preserve perishables and temperature-sensitive products during transportation, has fueled competition among manufacturers and distributors. Companies in this space are continually adapting to changes in consumer preferences, regulatory environments, and technological advancements to gain a competitive edge.
Ice Corp stands out in the Europe Dry Ice Market due to its robust manufacturing capabilities and focus on quality. The company's strengths lie in its extensive distribution network, which enables timely delivery and fulfillment of customer orders across different regions. Moreover, Ice Corp places a strong emphasis on sustainability, investing in eco-friendly production processes that resonate with the market's growing inclination towards environmentally responsible practices. The company has also developed strong relationships with key players in the food and pharmaceutical sectors, ensuring its products meet the stringent quality requirements of these industries. This strategic positioning has allowed Ice Corp to enhance its brand reputation and solidify its presence in the competitive landscape of the European dry ice market.
Cardinal Health has established a significant presence in the Europe Dry Ice Market through its commitment to providing high-quality products and services tailored to healthcare logistics and pharmaceutical distribution. The company's portfolio includes a range of temperature-controlled packaging solutions, which are essential for the safe transportation of biomedical supplies and vaccines. Cardinal Health's strengths include its deep understanding of regulatory compliance, logistical expertise, and strong partnerships with healthcare providers. The company has also pursued strategic mergers and acquisitions to bolster its operational capabilities and expand its market footprint in Europe, allowing it access to new customer segments and enhancing service delivery. Its strong focus on innovation and customer satisfaction continues to position Cardinal Health as a leader in the European dry ice sector, effectively catering to the evolving needs of its clientele.
Key Companies in the Europe Dry Ice Market Include:
Europe Dry Ice Market Industry Developments
The Europe Dry Ice Market has seen significant developments recently, particularly due to rising demand across various sectors such as pharmaceuticals, food processing, and logistics. Governments in Europe, recognizing the critical role of dry ice in maintaining temperature-sensitive products, have been enhancing regulations to ensure quality and safety standards. In terms of growth, companies like Air Products and The Linde Group have reported substantial increases in their market valuations, driven by expanding applications and a growing customer base.
Notably, in June 2023, Cardinal Health announced an acquisition in the region, further solidifying its presence in the medical supply sector, while ASCO Carbon Dioxide has focused on expanding its production capabilities to meet increased demand. Additionally, key players like Matheson TriGas and Cryogenics have been innovating their production processes, aiming for more sustainable practices. The rise in e-commerce has further stimulated interest in dry ice solutions, illustrating the market's adaptation to new consumer behaviors. Over the past few years, the dry ice market has been evolving rapidly, with a noticeable acceleration in investments in both technology and infrastructure.
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 | 80.34 (USD Million) |
| Market Size 2024 | 87.38 (USD Million) |
| Market Size 2035 | 217.98 (USD Million) |
| Compound Annual Growth Rate (CAGR) | 8.665% (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 | Ice Corp, Cardinal Health, Universal Industrial Gases, Penta Manufacturing Company, ASCO Carbon Dioxide, Air Products, Continental Carbonic Products, Praxair, The Linde Group, Linde, Solvay, Matheson TriGas, Airgas, Welch Vacuum Technology, Cryogenics |
| Segments Covered | Dry Ice Type, Dry Ice Application |
| Key Market Opportunities | Increased demand in food preservation, Growth in pharmaceutical logistics, Expansion of e-commerce food delivery, Rising applications in industrial cleaning, Advancements in dry ice production technologies |
| Key Market Dynamics | increasing demand from food industry, stringent regulations on emissions, growth in medical applications, expanding logistics and transportation sector, rising consumer awareness of sustainability |
| Countries Covered | Germany, UK, France, Russia, Italy, Spain, Rest of Europe |
Frequently Asked Questions (FAQ) :
The Europe Dry Ice Market was valued at 87.38 million USD in 2024.
By 2035, the Europe Dry Ice Market is projected to reach a value of 217.98 million USD.
The expected CAGR for the Europe Dry Ice Market from 2025 to 2035 is 8.665 percent.
In 2024, the Pellets segment was valued at 30.0 million USD in the Europe Dry Ice Market.
The Blocks segment of the Europe Dry Ice Market is expected to reach 90.0 million USD by 2035.
Key players in the Europe Dry Ice Market include Ice Corp, Cardinal Health, Universal Industrial Gases, and The Linde Group.
The Europe Dry Ice Market faces challenges such as supply chain disruptions and fluctuating raw material costs.
The growth opportunity in the Europe Dry Ice Market until 2035 lies in increased demand from industries such as healthcare and food preservation.
The 'Others' segment in the Europe Dry Ice Market is expected to be valued at 52.98 million USD by 2035.
Regional trends, such as increased innovation in logistics and transportation sectors, are driving the growth of the Europe Dry Ice Market.
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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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