Comprehensive Analysis, Segmentation, Key Players, Applications, and Forecasts for the USA and Canada Fence Screen Market from 2023 to 2033
The cold chain packaging industry in the united states and canada’s fence screen market is anticipated to be worth US$ 6.9 billion in 2023. From 2023 to 2033, it is expected to increase at a CAGR of 12.2%. It is expected to be worth US$21.8 billion by the end of 2033.
The top five cold chain packaging manufacturers in the
United States and Canada are expected to control 10% to 15% of the total market
by 2023. Cold chain packaging is predicted to gain appeal in the meat, poultry,
and seafood industries, as well as in the baking and confectionery industries.
Rising demand has motivated advanced research toward better
temperature-sensitive medicinal product delivery.
Vacuum-insulated
packaging delivers key benefits over polyurethane and
expanded polystyrene-based insulated shippers. VIP-based shippers are
comparatively lighter and smaller in weight.
These help to reduce refrigerant requirements, provide a
broad temperature range, and successively cut down distribution costs. CSafe,
one of the prominent producers of VIP, incorporates its exclusive ‘ThermoCor’
VIP combined with a protective buffer.
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It offers shippers at a cost lower than conventional PUR
shippers. Increasing preference for ocean freight often expands carriage time.
It is anticipated to further drive the adoption of VIP-based shippers.
Sonoco Thermosafe’s product Greenbox, for instance, is for
the pharmaceutical industry. It employs VIP for insulation and has a patented
renewable phase change material that is plant-based. Sofrigam’s elite cooling
boxes incorporate PUR and VIP and offer temperature stability up to 240 hours.
Key Takeaways From the Market Study:
- The
polymer segment by material type is likely to hold around US$ 15.2 Billion
of the market value in 2033.
- The
paper segment is estimated to witness a gain of 2.1x times by value and a
CAGR of 14.2% during the forecast period.
- The
gel packs segment by product type is anticipated to witness a 12.6% CAGR
from 2023 to 2033.
- Phase
change cold storage products segment is estimated to witness a gain of 3.8
times its value by the end of 2033.
- The
reusable packaging segment by packaging format is anticipated to witness a
CAGR of 12.7% in the assessment period.
Advanced Technology for Enhancing Safety and Temperature
Monitoring to Drive Sales:
One prominent area where passive packaging lacks behind
active packaging is its tenuous ability to provide safety during
transportation. Numerous companies are offering shippers equipped with
temperature sensors, which immediately detect if the container has been opened
during transportation.
A few shippers now come equipped with thermochromic labels
that change color to provide visual verification that shippers are ready to
pack. Pelican’s reusable shipper and Sofrigam’s Elite cooling box, for
instance, come equipped with these sensors.
Data loggers with temperature sensors and USB connection
points are becoming highly common and inexpensive to integrate. These
label-like loggers effortlessly attach to the packaging, continually follow
temperature conditions, and supply a comprehensive study for time &
temperature data.
Battery-powered data loggers can include developed
technologies such as WiFi, RFID, and GPS. It can deliver real-time details
about temperature fluctuations. A few of the product offerings include BIOmed
Xpress PDF, PakSense, and temperature monitoring LabelCCL100, cold chain
logger, Tempt RIP, and Vaisala.
Growing Preference for PCM over Dry Ice and Other
Coolants Might Boost the Market
Dry ice has been prominently used as a coolant for the
passive packaging of temperature-sensitive food and pharmaceuticals since time
immemorial. However, dry ice is dangerous if not handled with care and releases
high-concentration carbon dioxide vapors.
It can, in turn, increase global carbon emissions. With the
advent of economic inorganic phase change materials (PCMs), various
temperature-controlled packaging solution providers have started offering
PCM-equipped packaging solutions.
PCMs are non-hazardous, non-toxic, non-flammable, require
less energy to freeze, and are reusable with the stability of 1000s of the
cycle. Material compatibility, cost, and availability of PCMs pose a
significant constraint toward their adoption.
Notable cost saving by deploying them in thermal packaging
clearly outweighs the negatives. Prominent companies such as Sonoco, Tempack,
Cold Chain Technology, Sofrigam, and Intelsius offer PCM-based packaging
solutions. Rapid advancement and research & development are expected to
push product innovation. It is further set to drop prices and drive the shift
toward PCM over dry ice and gel packs.
Competitive Landscape:
Leading companies in the cold chain packaging business in
the United States and Canada are making significant gains by creating
innovative products. They would also benefit from recent initiatives and
mergers made by well-known Canada- and United States-based players to obtain a
competitive edge.
Key Companies Profiled:
- Ball
Fabrics
- Tenax
Corporation
- FenceScreen
Inc.
- Putterman
Athletics
- Seegars
Fence Company
- Eagle
Industries
- Fence Screen
Depot
- Rolascreen
- Sunesta
- Artisan
Panels Inc.
For instance,
- In
May 2021, CSafe developed a VIP insulated shipper for BioNTech’s
facility. It provides 10+ days of temperature protection for vaccine
shipments with minimal dry ice.
Get More Insights:
Future Market Insights (FMI), in its new report, offers an
unbiased analysis of the United States & Canada cold chain packaging
market, analyzing historical demand from 2017 to 2022 and forecast statistics
for 2023 to 2033. The study reveals growth projections on the United States
& Canada cold chain packaging market based on product type (pallet
shippers, insulated containers, foam bricks, gel packs, protective packaging,
phase change cold storage products), material type (polymer, metal, paper),
packaging formats (reusable packaging, disposable packaging), end use (food,
beverage, pharmaceutical, cosmetics & personal care), and country.
Key Companies Profiled:
- Ball
Fabrics
- Tenax
Corporation
- FenceScreen
Inc.
- Putterman
Athletics
- Seegars
Fence Company
- Eagle
Industries
- Fence
Screen Depot
- Rolascreen
- Sunesta
- Artisan
Panels Inc.
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