Europe Dry Ice Market Forecast to 2030

At 5.7% CAGR, Europe Dry Ice Market is Speculated to be worth US$ 217.27 million by 2030, says the Research Team

According to the Research Team’ research, the Europe dry ice market was valued at US$ 139.02 million in 2022 and is projected to reach US$ 217.27 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. High demand for dry ice in storage and transportation and rapidly increasing demand for frozen foods are among the critical factors attributed to drive the Europe dry ice market growth.

An increase in demand for frozen foods and a rise in the usage of dry ice as refrigerant in food and shipping industries are key factors anticipated to provide growth opportunities to the Europe dry ice market. Dry ice is carbon dioxide in its solid form. This dense, snowlike substance sublimes at −78.5 °C (−109.3 °F), used as a refrigerant, especially during the shipping of perishable products such as meats or ice cream. As the dry ice sublimes, it leaves no residue to contaminate or compromise the quality of food.

Over the past few years, the lifestyle of people globally evolved dramatically. Due to hectic work schedules, people are looking for products that save time and effort. Consumers prefer ready-to-eat, microwavable, and ready-to-prepare food products as they are highly recommended for on-the-go consumption and require minimal preparation time. Moreover, the increasing working women population, high per capita income, and a rising middle-class population are key factors driving the growth of convenience food consumption globally. The number of single or two-person households is increasing in various developed countries such as the UK, and Germany. Due to the increasing number of nuclear families, the demand for prepared-to-eat, portion-controlled food increased. The market for frozen food products is also growing as they have extended shelf-life, are suitable for single-person consumption, and can be prepared in less time. Dry ice plays a crucial role in preserving the quality and safety of these frozen food products throughout their storage, transportation, and distribution.

The high demand for frozen meat & poultry, and seafood owing to the increasing awareness among consumers regarding the health benefits offered by meat and seafood favors the market. These products are low-fat and high-protein foods that can help to build muscle, boost brainpower, improve eyesight, support heart health, relieve joint discomfort, and improve skin and hair. Consumers are shifting toward a healthy lifestyle, which has led to a high demand for healthy food with nutritional value. Unlike traditional water-based ice, dry ice sublimates, transitioning directly from solid to gas, eliminating the risk of moisture accumulation and freezer burn. This makes it an ideal cooling agent for frozen food, ensuring that products remain frozen and maintain their texture, taste, and nutritional value. Hence, the surge in demand for frozen food products is ultimately bolstering the dry ice market.

On the contrary, inability of dry ice to be stored for an extended period hamper the growth of the Europe dry ice market.

Based on type, the Europe dry ice market is segmented into pellets, blocks, and others. The blocks segment held 50.4% market share in 2022, amassing US$ 70.08 million. It is projected to garner US$ 115.04 million by 2030 to register 6.4% CAGR during 2022–2030.

In terms of application, the Europe dry ice market is segmented into food and beverages, storage and transportation, healthcare, industrial applications, and others. The storage and transportation segment held 32.5% share of Europe dry ice market in 2022, amassing US$ 45.12 million. It is anticipated to garner US$ 71.89 million by 2030 to expand at 6.0% CAGR during 2022–2030.

Based on country, the Europe dry ice market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 21.2% share of Europe dry ice market in 2022. It was assessed at US$ 29.46 million in 2022 and is likely to hit US$ 51.10 million by 2030, registering a CAGR of 7.1% during 2022–2030.

Key players operating in the Europe dry ice market are ACP Belgium NV, Dry Ice UK Ltd, Linde Plc, Nippon Sanso Holdings Corp, Polar Ice Ltd, and SOL SpA, among others.

In August 2021, Polar Ice Ltd has been granted permission, with 13 conditions attached, for an extension adjoining its factory on the Laois Offaly border. The company will develop a two-story factory-type building with office accommodation, a packaging area conjoined with canopied truck loading to the rear, a truck wash, and a canopied link.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe dry ice market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe dry ice market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe dry ice market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Dry Ice Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threats of New Entrants
4.2.2 Threat of Substitutes
4.2.3 Bargaining Power of Buyers
4.2.4 Bargaining Power of Suppliers
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industry
4.3.5 List of Vendors in the Value Chain
5. Europe Dry Ice Market – Key Market Dynamics
5.1 Europe Dry Ice Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 High Demand for Dry Ice in Storage and Transportation
5.2.2 Increasing Preference for Dry Ice over Water-based Ice
5.3 Market Restraints
5.3.1 Inability of Dry Ice to be Stored for an Extended Period
5.4 Market Opportunities
5.4.1 Rapidly Increasing Demand for Frozen Foods
5.5 Future Trends
5.5.1 Growing Adoption of Sustainable Dry Ice Production Methods
5.6 Impact of Drivers and Restraints:
6. Dry Ice Market – Europe Market Analysis
6.1 Europe Dry Ice Market Volume (Kilo Tons), 2022–2030
6.2 Europe Dry Ice Market Volume Forecast and Analysis (Kilo Tons)
6.3 Europe Dry Ice Market Revenue (US$ Million), 2022–2030
6.4 Europe Dry Ice Market Forecast and Analysis
7. Europe Dry Ice Market Volume and Revenue Analysis – by Type
7.1 Pellets
7.1.1 Overview
7.1.2 Pellets: Europe Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Blocks
7.2.1 Overview
7.2.2 Blocks: Europe Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: Europe Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
8. Europe Dry Ice Market Revenue Analysis – by Application
8.1 Food and Beverage
8.1.1 Overview
8.1.2 Food and Beverage: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Storage and Transportation
8.2.1 Overview
8.2.2 Storage and Transportation: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Healthcare
8.3.1 Overview
8.3.2 Healthcare: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Industrial Applications
8.4.1 Overview
8.4.2 Industrial Applications: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
9. Europe Dry Ice Market – Country Analysis
9.1 Europe Dry Ice Market Overview
9.1.1 Europe Dry Ice Market Revenue and Forecast and Analysis – by Country
9.1.1.1 Europe Dry Ice Market Volume and Forecast and Analysis – by Country
9.1.1.2 Europe Dry Ice Market Revenue and Forecast and Analysis –by Country
9.1.1.3 Germany Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.3.1 Germany Dry Ice Market Breakdown by Type
9.1.1.3.2 Germany Dry Ice Market Breakdown by Application
9.1.1.4 France Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.4.1 France Dry Ice Market Breakdown by Type
9.1.1.4.2 France Dry Ice Market Breakdown by Application
9.1.1.5 Italy Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.5.1 Italy Dry Ice Market Breakdown by Type
9.1.1.5.2 Italy Dry Ice Market Breakdown by Application
9.1.1.6 United Kingdom Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.6.1 United Kingdom Dry Ice Market Breakdown by Type
9.1.1.6.2 United Kingdom Dry Ice Market Breakdown by Application
9.1.1.7 Russia Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.7.1 Russian Federation Dry Ice Market Breakdown by Type
9.1.1.7.2 Russian Federation Dry Ice Market Breakdown by Application
9.1.1.8 Rest of Europe Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons)(US$ Million)
9.1.1.8.1 Rest of Europe Dry Ice Market Breakdown by Type
9.1.1.8.2 Rest of Europe Dry Ice Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 ACP Belgium NV
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Linde Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nippon Sanso Holdings Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Dry Ice UK Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SOL SpA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Polar Ice Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams

LIST OF TABLES

Table 1. Europe Dry Ice Market Segmentation
Table 2. List of Vendors
Table 3. Europe Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Table 4. Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Table 5. Europe Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 6. Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 7. Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 8. Europe Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons) – by Country
Table 9. Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 10. Germany Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 11. Germany Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 12. Germany Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 13. France Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 14. France Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 15. France Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 16. Italy Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 17. Italy Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 18. Italy Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 19. United Kingdom Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 20. United Kingdom Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 21. United Kingdom Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 22. Russian Federation Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 23. Russian Federation Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 24. Russian Federation Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 25. Rest of Europe Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 26. Rest of Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 27. Rest of Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 28. Heat Map Analysis by Key Players

LIST OF FIGURES

Figure 1. Europe Dry Ice Market Segmentation, by Country
Figure 2. Dry Ice Market – Porter’s Analysis
Figure 3. Ecosystem: Dry Ice Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Dry Ice Market Volume (Kilo Tons), 2022–2030
Figure 6. Europe Dry Ice Market Revenue (US$ Million), 2022–2030
Figure 7. Europe Dry Ice Market Share (%) – Type, 2022 and 2030
Figure 8. Pellets: Europe Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 9. Pellets: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Blocks: Europe Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 11. Blocks: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Europe Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 13. Others: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Europe Dry Ice Market Share (%) – Application, 2022 and 2030
Figure 15. Food and Beverage: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Storage and Transportation: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Healthcare: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Industrial Applications: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Europe Dry Ice Market, By Key Country – Revenue (2022) (US$ Million)
Figure 21. Europe Dry Ice Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. Germany Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 23. Germany Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. France Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 25. France Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Italy Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 27. Italy Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. United Kingdom Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 29. United Kingdom Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Russia Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 31. Russia Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 32. Rest of Europe Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 33. Rest of Europe Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 34. Company Positioning & Concentration