North America Dry Ice Market Forecast to 2030

At 6.0% CAGR, North America Dry Ice Market is Speculated to be Worth US$ 255.40 Million by 2030, says the Research Team

According to the Research Team’ research, the North America dry ice market was valued at US$ 160.57 million in 2022 and is projected to reach US$ 255.40 million by 2030, registering a CAGR of 6.0% from 2022 to 2030. High demand for dry ice in storage and transportation and growing adoption of sustainable dry ice production methods are among the critical factors attributed to drive the North America dry ice market growth.

Traditional dry ice production methods, which involve the direct capture of carbon dioxide from industrial processes, are energy-intensive and contribute to carbon emissions. However, the adoption of more sustainable practices is reshaping the industry landscape. Carbon dioxide from carbon-neutral sources is environmentally friendly, viable, and economically sustainable. Instead of using hydrocarbon by-products to capture carbon dioxide, a few dry ice producers are now using the anaerobic digestion process as an eco-friendly solution, and this trend is expected to gain traction during the forecast period. The biomethane produced by facilities integrating this new process is then captured and transmitted through gas upgraders, and eventually, membrane technology is utilized to separate carbon dioxide from methane.

Anaerobic digestion systems align with the circular economy concept by creating closed-loop systems. The organic waste inputs for anaerobic digestion can be sourced locally, reducing the need for transportation and supporting regional sustainability initiatives. This decentralized approach enhances the overall efficiency of the dry ice production process and minimizes the carbon footprint associated with the raw material acquisition.

Advancements in renewable energy sources are also influencing the sustainability of dry ice production. Incorporating renewable energy, such as solar and wind power, into the production process can significantly reduce the carbon footprints associated with dry ice manufacturing. Manufacturers adopting these sustainable energy practices are likely to gain a competitive edge in the market as environmentally conscious consumers and businesses seek eco-friendly alternatives. Thus, the increasing demand for anaerobic digestion systems and integration of renewable energy sources in dry ice production is a result of their ability to align with sustainability objectives, minimize environmental impact, and contribute to the circular economy. As industries prioritize greener practices, the integration of sustainable production processes into dry ice production processes is poised to become a key driver of growth in the sector.

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

Based on type, the North America dry ice market is segmented into pellets, blocks, and others. The blocks segment held 47.5% market share in 2022, amassing US$ 76.24 million. It is projected to garner US$ 127.92 million by 2030 to register 6.7% CAGR during 2022–2030.

In terms of application, the North America dry ice market is segmented into food and beverages, storage and transportation, healthcare, industrial applications, and others. The food and beverages segment held 36.4% share of North America dry ice market in 2022, amassing US$ 58.49 million. It is anticipated to garner US$ 95.18 million by 2030 to expand at 6.3% CAGR during 2022–2030.

Based on country, the North America dry ice market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 82.9% share of North America dry ice market in 2022. It was assessed at US$ 133.07 million in 2022 and is likely to hit US$ 212.50 million by 2030, registering a CAGR of 6.0% during 2022–2030.

Key players operating in the North America dry ice market are Continental Carbonic Products Inc, CryoCarb, Linde Plc, Nippon Sanso Holdings Corp, and Reliant Dry Ice Ltd, among others.

In May 2021, Continental Carbonic Products, Inc. announced plans to open a liquid CO2 and dry ice manufacturing facility in El Dorado, Arkansas, US. This new production facility could enable the company to improve its production capabilities to support the growing demands for liquid CO2 and dry ice products.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America 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. North America Dry Ice Market – Key Market Dynamics
5.1 North America 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 – North America Analysis
6.1 North America Dry Ice Market Volume (Kilo Tons), 2022–2030
6.2 North America Dry Ice Market Volume Forecast and Analysis (Kilo Tons)
6.3 North America Dry Ice Market Revenue (US$ Million), 2022–2030
6.4 North America Dry Ice Market Forecast and Analysis
7. North America Dry Ice Market Volume and Revenue Analysis – by Type
7.1 Pellets
7.1.1 Overview
7.1.2 Pellets: North America Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Blocks
7.2.1 Overview
7.2.2 Blocks: North America Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: North America Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
8. North America Dry Ice Market Revenue Analysis – by Application
8.1 Food and Beverage
8.1.1 Overview
8.1.2 Food and Beverage: North America 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: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Healthcare
8.3.1 Overview
8.3.2 Healthcare: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Industrial Applications
8.4.1 Overview
8.4.2 Industrial Applications: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Dry Ice Market – Country Analysis
9.1 North America Dry Ice Market Overview
9.1.1 North America Dry Ice Market Revenue and Forecast and Analysis – by Country
9.1.1.1 North America Dry Ice Market Volume and Forecast and Analysis – by Country
9.1.1.2 North America Dry Ice Market Revenue and Forecast and Analysis –by Country
9.1.1.3 United States Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.1.1.3.1 United States Dry Ice Market Breakdown by Type
9.1.1.3.2 United States Dry Ice Market Breakdown by Application
9.1.1.4 Canada Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.1.1.4.1 Canada Dry Ice Market Breakdown by Type
9.1.1.4.2 Canada Dry Ice Market Breakdown by Application
9.1.1.5 Mexico Dry Ice Market – Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
9.1.1.5.1 Mexico Dry Ice Market Breakdown by Type
9.1.1.5.2 Mexico 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 Linde Plc
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 Nippon Sanso Holdings Corp
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 Reliant Dry Ice Ltd
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 CryoCarb
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 Continental Carbonic Products Inc
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
13. Appendix
13.1 About The the Reporting Teams

LIST OF TABLES

Table 1. North America Dry Ice Market Segmentation
Table 2. List of Vendors
Table 3. North America Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Table 4. North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Table 5. North America Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 6. North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 7. North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 8. North America Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons) – by Country
Table 9. North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 10. United States Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 11. United States Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 12. United States Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 13. Canada Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 14. Canada Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 15. Canada Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 16. Mexico Dry Ice Market –Volume and Forecast to 2030 (Kilo Tons) – by Type
Table 17. Mexico Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 18. Mexico Dry Ice Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 19. Heat Map Analysis by Key Players

LIST OF FIGURES

Figure 1. North America 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. North America Dry Ice Market Volume (Kilo Tons), 2022–2030
Figure 6. North America Dry Ice Market Revenue (US$ Million), 2022–2030
Figure 7. North America Dry Ice Market Share (%) – Type, 2022 and 2030
Figure 8. Pellets: North America Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 9. Pellets: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Blocks: North America Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 11. Blocks: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: North America Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 13. Others: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. North America Dry Ice Market Share (%) – Application, 2022 and 2030
Figure 15. Food and Beverage: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Storage and Transportation: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Healthcare: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Industrial Applications: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: North America Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. North America Dry Ice Market, By Key Country – Revenue (2022) (US$ Million)
Figure 21. North America Dry Ice Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. United States Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 23. United States Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Canada Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 25. Canada Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Mexico Dry Ice Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 27. Mexico Dry Ice Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Company Positioning & Concentration