As per MRFR analysis, the North America Dry Ice Market Size was estimated at 91.3 (USD Million) in 2023. The North America Dry Ice Market Industry is expected to grow from 99.3(USD Million) in 2024 to 232.19 (USD Million) by 2035. The North America Dry Ice Market CAGR (growth rate) is expected to be around 8.028% during the forecast period (2025 - 2035).
Key North America Dry Ice Market Trends Highlighted
The North America dry ice market is undergoing noticeable industry specific shifts for a number of reasons. An emerging trend for the food and beverage industry as a result of the pandemic is an increase in e-commerce shopping and food delivery services which raises the need for dry ice. To fulfil the consumer demand for safe food products, the pharmaceuticals and healthcare industries have started using dry ice for shipping temperature sensitive materials which is beneficial for market growth.
There is a new trend of industries implementing underused sustainable practices which makes it easier for these companies to minimize their carbon output. These changes can help dry ice producers in the northern America region align with state and consumer regulations and demand. Improved refrigeration equipment and temperature controlled shipping containers offered by the logistics industry also impact the dry ice market.
These developments guarantee the more effective transport and preservation of dry ice, which helps businesses grow. Furthermore, businesses in North America are forced to deal with legally imposed safety requirements for the transport of dangerous goods, which further strengthens the role of dry ice in different processes. All these factors, along with increased, emerging user industries and other construction measures like those related to environmental protection, suggest that participants in the North American dry ice market will have a lot of opportunities.
North America Dry Ice Market Drivers
Increasing Demand from the Food and Beverage Industry
The North America Dry Ice Market Industry is witnessing significant growth driven by the escalating demand for dry ice in the food and beverage sector. Dry ice is crucial for the transport and preservation of perishable goods, especially frozen items and beverages. According to the United States Department of Agriculture, the food industry in the United States is anticipated to reach a valuation of approximately 1 trillion USD by 2025, reflecting a robust growth trajectory, which directly correlates with the need for effective preservation and delivery methods.
Established companies like Coca-Cola and PepsiCo, which utilize dry ice for maintaining product freshness during distribution, highlight the importance of this market segment. The increased reliance on e-commerce for food delivery, particularly following the COVID-19 pandemic, has further propelled the usage of dry ice in packaging, significantly impacting the growth of the North America Dry Ice Market.
Growth of the Healthcare Sector
The growth of the healthcare sector in North America significantly contributes to the expansion of the North America Dry Ice Market Industry. Dry ice is essential for the transportation of medical supplies, specimens, and pharmaceuticals, particularly vaccines, which require stringent temperature-controlled environments. The Centers for Disease Control and Prevention has reported an increasing vaccination effort in the United States, with over 500 million vaccine doses administered in the past two years alone.
This dramatic rise in vaccine distribution underlines the necessity for dry ice, playing a pivotal role in ensuring the efficacy of temperature-sensitive products. Companies like McKesson and AmerisourceBergen, major players in the healthcare logistics sector, utilize dry ice extensively in their operations, thereby amplifying the demand for dry ice.
Rising Technological Innovations and Applications
Recent advancements in technologies associated with dry ice production and applications have significantly contributed to the proliferation of the North America Dry Ice Market Industry. Innovative manufacturing techniques have led to increased production efficiency and cost-effectiveness, enabling suppliers to meet the growing demand across various sectors. According to the North American Industrial Classification System, the manufacturing sector is expected to see a compound annual growth rate of approximately 4.6%, which includes industries reliant on dry ice for their operational requirements.
Companies like Linde PLC and Airgas have made substantial investments in Research and Development to enhance the quality and application of dry ice products. As industries continue to explore and implement new technologies, the importance of dry ice will become increasingly central, fueling further expansion in the market.
Sustainability Regulations and Environmental Concerns
The increasing emphasis on sustainability and adherence to environmental regulations in North America is positively influencing the North America Dry Ice Market Industry. Dry ice is considered more environmentally friendly compared to other cooling agents, as it sublimates completely without leaving any residue. According to the Environmental Protection Agency, businesses are increasingly adopting sustainable practices, with 73% of companies stating their commitment to reducing waste and 64% of organizations actively seeking eco-friendly solutions.
With major companies such as Unilever and Nestlé pledging to eliminate waste in their operations, the preference for dry ice solutions that align with these sustainability goals is rising. This transition not only complies with regulatory requirements but also meets consumer expectations for environmentally responsible practices, fostering market growth.
North America Dry Ice Market Segment Insights
Dry Ice Market Dry Ice Type Insights
The North America Dry Ice Market, reflecting a robust and expanding industry, showcases extensive usage with a focus on various Dry Ice Types, which encompass Pellets, Blocks, and Others. Each of these types serves distinct applications, addressing diverse market needs. Pellets are particularly favored in the transportation of temperature-sensitive goods due to their ability to maintain low temperatures for extended periods, especially for food and medical products. Blocks are often utilized in larger volume applications, providing a more extended cooling duration, making them ideal for shipping larger items or packaging that requires stable temperature control over time.
The "Others" category includes unique shapes and forms of dry ice, catering to niche markets and specialized industry requirements. As the demand for dry ice continues to grow, driven by increasing industrial applications, the relevance of these types is becoming increasingly significant. Moreover, sustainable practices and environmental considerations are driving innovations in the production and usage of dry ice, prompting players in the North America Dry Ice Market to adapt and explore more efficient manufacturing processes and distribution strategies.
This evolving landscape offers numerous opportunities for growth and expansion, as companies strive to meet the changing demands of consumers and industries alike. The North America Dry Ice Market segmentation, reflecting the diversity within the Dry Ice Type category, allows for targeted strategies to cater to various user needs while capitalizing on the expanded market growth.
Dry Ice Market Dry Ice Application Insights
The Dry Ice Application segment within the North America Dry Ice Market shows significant expansion, contributing to the growth trends observed in various industries. The Food and Beverages sector greatly emphasizes the importance of dry ice for preserving food quality during transportation and storage, ensuring that perishables maintain their integrity. The Storage and Transportation sector also remains a crucial area, facilitating the safe and efficient shipment of temperature-sensitive goods, which has been increasingly vital in e-commerce and logistics.
In the Healthcare industry, dry ice plays an essential role in the transportation of biological specimens and pharmaceuticals, ensuring compliance with strict regulatory requirements. The Industrial Cleaning sector has seen notable advancements in using dry ice for cleaning applications due to its effectiveness in removing contaminants without damaging surfaces. Lastly, other applications encompass various niche uses across multiple industries, highlighting the versatility of dry ice. Overall, the increasing awareness regarding its safety and efficiency solidifies its position as an indispensable resource in several key areas across North America.
The revenue growth and expansion observed in these sectors reflect their importance in driving the North America Dry Ice Market statistics forward.
North America Dry Ice Market Key Players and Competitive Insights
The North America Dry Ice Market has been witnessing a consistent growth trend driven by the increasing demand across various industries, particularly in healthcare, food processing, and logistics. The market landscape is characterized by a mix of established players and emerging companies that are intensifying competition. As companies strive to capture more market share, they are focusing on enhancing their production capabilities, improving delivery efficiency, and expanding their distribution networks. Technological advancements and strategic partnerships are also playing a significant role in shaping the competitive dynamics of the market. The shifts in consumer preferences towards sustainable and technologically advanced solutions further contribute to a rapidly evolving marketplace, where innovation is a key differentiator among competitors.
Cardinal Health has established itself as a significant player in the North America Dry Ice Market, leveraging its extensive distribution network and robust logistics capabilities to serve various industries effectively. The company possesses a strong presence in the healthcare sector, where it supports medical and pharmaceutical applications that often require dry ice for safe transport and storage of temperature-sensitive products. Cardinal Health’s strengths lie in its comprehensive understanding of regulatory requirements and a commitment to quality standards, ensuring that clients receive reliable and compliant products. Moreover, their longstanding relationships with suppliers and customers enhance their market position, allowing them to respond quickly to the dynamic needs of the market.
Quincy Compressor operates within the North America Dry Ice Market with a focus on providing high-quality compressed air solutions that are essential for the production and storage of dry ice. The company has carved a niche for itself by offering advanced technology and innovative products aimed at improving operational efficiency in the dry ice manufacturing process. With a strong emphasis on customer service and support, Quincy Compressor ensures that their clients can rely on their equipment to maintain optimal production levels. Their strengths include a well-established presence not only in manufacturing but also through partnerships and collaborations that enhance market reach. Recent activities such as strategic mergers and acquisitions have further solidified their position within the region, allowing Quincy Compressor to expand its product offerings and improve service delivery, thus gaining a competitive edge in the North America Dry Ice Market.
Key Companies in the North America Dry Ice Market Include:
North America Dry Ice Market Industry Developments
The North America Dry Ice Market has seen notable developments in recent months, particularly influenced by the rising demand for dry ice in the food and beverage, healthcare, and logistics sectors. Cardinal Health and Air Products and Chemicals have been recognized for their investments in improving dry ice production capabilities to meet the increasing demand, particularly during the COVID-19 pandemic's vaccination logistics phase.
In October 2023, a significant merger occurred between Linde and Chemtron, enhancing Linde’s presence in the dry ice segment. The merger, which aimed to streamline operations and expand market share, reflects ongoing consolidation trends within the industry. Additionally, companies like Cold Jet and Superior Gas Solutions are focusing on innovative production technologies to reduce costs and improve sustainability in dry ice manufacturing.
Over the last couple of years, the market has experienced growth driven by the expansion of e-commerce and the rising need for temperature-sensitive logistics, fundamentally impacting operational frameworks for companies like Matheson TriGas and American Dry Ice. The forecast indicates a continued upward trajectory for the North American Dry Ice Market, fueled by advancements in production techniques and the persistent demand for reliable cold chain solutions.
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 | 91.3(USD Million) |
| Market Size 2024 | 99.3(USD Million) |
| Market Size 2035 | 232.19(USD Million) |
| Compound Annual Growth Rate (CAGR) | 8.028% (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 | Cardinal Health, Quincy Compressor, ECO 2, Superior Gas Solutions, Continental Carbonic Products, Cold Jet, American Dry Ice, Dry Ice Corp, Chemtron, Air Products and Chemicals, Linde, Innocent Air, Matheson TriGas, Airgas, Polar Tech |
| Segments Covered | Dry Ice Type, Dry Ice Application |
| Key Market Opportunities | Rising demand in food preservation, Growth in medical transportation sector, Expansion of e-commerce and logistics, Increasing industrial applications, Sustainability initiatives promoting alternatives |
| Key Market Dynamics | rising demand for cryogenic applications, growing food and beverage industry, increasing need for medical transport, environmental regulations on refrigerants, technological advancements in production methods |
| Countries Covered | US, Canada |
Frequently Asked Questions (FAQ) :
The North America Dry Ice Market was valued at 99.3 million USD in 2024.
By 2035, the North America Dry Ice Market is projected to reach a value of 232.19 million USD.
The expected CAGR for the North America Dry Ice Market from 2025 to 2035 is 8.028 percent.
Pellets are the largest segment, valued at 50.0 million USD in 2024.
The block segment of the North America Dry Ice Market is valued at 30.0 million USD in 2024.
The 'Others' segment is expected to reach 37.19 million USD by 2035.
Key players include Cardinal Health, Cold Jet, Linde, and Matheson TriGas among others.
The primary applications include food preservation, shipping pharmaceuticals, and industrial cleaning.
The market is anticipated to grow due to increased demand in the food and healthcare sectors.
Potential challenges include regulatory issues and competition from alternative cooling technologies.
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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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