The Dry Ice Market is driven by surging demand from healthcare and food industries
Dry ice, also known as carbon dioxide (CO2) snow or solid carbon dioxide, is a frozen form of carbon dioxide. It is useful for preserving perishable items that can be damaged by higher temperatures or freezing, such as seafood, meat, flowers, vegetables, and biological samples. Growing applications of dry ice in food packaging, medical & biotechnology, and other industrial applications are expected to drive market growth. Dry ice provides a cold environment without freezing products, allowing fresh food to be transported over long distances while maintaining quality and shelf life. It is an effective cooling agent which is commonly used in shipping packages. Dry ice pellets or blocks are placed inside boxes or packages containing temperature-sensitive goods to maintain a cold temperature during transport without freezing the contents.
The global dry ice market is estimated to be valued at USD 1.55 Bn in 2024 and is expected to reach USD 2.55 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Key Takeaways
Key players operating in the Dry Ice market are Linde, Air Liquide, Messer Group, SOL Group, Taiyo Nippon Sanso Corporation, Polar Ice, Air Products and Chemicals, and RUGAIR LLC.
There is a growing Dry Ice Market Demand in food processing, storage, and transportation. It helps prevent spoilage of perishable goods and extends their shelf life during transportation over long distances. Increasing international trade of agricultural produce and seafood has fueled the demand for dry ice as a cooling agent.
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