Global Dry Ice Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Pellets, blocks, and others.

By Application;

Food & beverages, Storage and Transportation, Healthcare, Industrial, Cleaning, and others.

By End Use;

Healthcare, Food Processing , Industrial Cleaning, Transport and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn033801095 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Dry Ice Market (USD Million), 2021 - 2031

In the year 2024, the Global Dry Ice Market was valued at USD 965.95 million. The size of this market is expected to increase to USD 1,386.60 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.

The Global Dry Ice Market encompasses the production, distribution, and utilization of dry ice, which is solid carbon dioxide used for various cooling and cleaning applications. Dry ice is widely recognized for its unique properties, including its extremely low temperature and ability to sublimate directly from solid to gas, making it an ideal cooling agent for transporting perishable goods, pharmaceuticals, and biological samples. Additionally, dry ice is used in industrial cleaning processes, known as dry ice blasting, where it effectively removes contaminants without leaving any residue.

In recent years, the Global Dry Ice Market has experienced significant growth, driven by the increasing demand from various end-use industries such as food and beverage, healthcare, logistics, and manufacturing. The rise in online retail and e-commerce has led to a surge in the need for efficient cold chain logistics, where dry ice plays a crucial role in maintaining the quality and safety of temperature-sensitive products during transportation. The pharmaceutical industry's reliance on dry ice for the storage and distribution of vaccines, medications, and biological samples has further fueled market growth, especially in the wake of the COVID-19 pandemic.

The market is also influenced by advancements in production technologies and the growing emphasis on sustainable practices. Innovations in dry ice production methods, including the use of waste CO2 from industrial processes and energy-efficient manufacturing techniques, are contributing to the market's expansion. Additionally, the adoption of biodegradable and recyclable packaging materials for dry ice transportation aligns with the increasing environmental consciousness among consumers and regulatory bodies. With continuous technological advancements and the expanding applications of dry ice across various sectors, the Global Dry Ice Market is poised for sustained growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Global Dry Ice Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Cold chain logistics
        2. Medical sector demand
        3. Industrial cleaning applications
        4. Food preservation needs
        5. Increasing dry shipping
      2. Restraints
        1. High production cost
        2. Limited shelf life
        3. Handling safety concerns
        4. Availability of alternatives
        5. Transportation challenges
      3. Opportunities
        1. E-commerce growth boost
        2. Innovative storage solutions
        3. Emerging markets expansion
        4. Technological advancements integration
        5. Sustainable production practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Dry Ice Market, By Type, 2021 - 2031 (USD Million)
      1. Pellets
      2. Blocks
      3. Others
    2. Global Dry Ice Market, By Applictaion, 2021 - 2031 (USD Million)
      1. Food & beverages
      2. Storage & transportation
      3. Healthcare
      4. Industrial
      5. Cleaning
      6. Others
    3. Global Dry Ice Market, By End Use, 2021 - 2031 (USD Million)
      1. Healthcare
      2. Food Processing
      3. Industrial Cleaning
      4. Transport
      5. Others.
    4. Global Dry Ice Market, By Geography, 2021 - 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Airgas Inc.
      2. Linde PLC
      3. Praxair Technology, Inc.
      4. The Messer Group GmbH
      5. Air Liquide
      6. Continental
  7. Analyst Views
  8. Future Outlook of the Market