US Dry Ice Market Size was estimated at 63.91 (USD Million) in 2023. The US Dry Ice Market Industry is expected to grow from 70(USD Million) in 2024 to 170 (USD Million) by 2035. The US Dry Ice Market CAGR (growth rate) is expected to be around 8.401% during the forecast period (2025 - 2035).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US Dry Ice Market has been experiencing significant transformations that reflect changing consumer needs and industrial applications. One of the key market drivers is the increasing demand for dry ice in the food and beverage industry, particularly for the transportation of perishable goods. The uptick in e-commerce has also heightened this need, as companies look for efficient ways to ship products while maintaining their quality. Additionally, the healthcare sector is a major contributor, utilizing dry ice for the storage and transportation of biological samples and pharmaceuticals.
Opportunities in the US market are expanding with the rise of innovative applications of dry ice, such as in the cleaning industry, where it is used for dry ice blasting to remove contaminants without damaging surfaces.The trend of sustainability is prompting companies to explore carbon capture and recycling technologies, creating avenues for producing dry ice in a more environmentally friendly way. Recent times have shown a clear trend towards the adoption of dry ice solutions in event management and catering services, as they provide a visually appealing way to create fog effects and preserve food freshness. Furthermore, advances in dry ice manufacturing technology are contributing to better efficiency and cost-effectiveness in production. Overall, the dynamics of the US Dry Ice Market are increasingly driven by the interplay of industrial needs, innovative applications, and environmental considerations, making it a vibrant and evolving landscape.
The US Dry Ice Market Industry experiences significant growth due to the increasing demand from the food and beverage sector. The Food and Drug Administration (FDA) reports a notable uptick in frozen food consumption, estimating a 25% increase over the last five years. This rising trend leads food manufacturers to utilize dry ice for shipping and preserving products, ensuring they maintain quality during transport. Major companies like Coca-Cola and PepsiCo have integrated dry ice solutions in their logistics to enhance distribution efficiency and product shelf life.As consumers prioritize fresh and frozen food options, the need for effective freezing techniques, such as dry ice, will continue to drive the market.
The expansion of the pharmaceutical sector in the United States is a critical driver for the US Dry Ice Market Industry. The American Pharmaceutical Association indicates that the pharmaceutical market has grown to over 500 billion USD. With the increase in vaccine development and distribution, especially following the COVID-19 pandemic, companies are relying on dry ice for the transportation of sensitive medical products that require low temperatures.Organizations like Pfizer and Moderna utilize dry ice in their distribution chains, emphasizing the importance of maintaining precise temperature control throughout the shipping process.
Advancements in cold chain logistics are significantly influencing the growth of the US Dry Ice Market Industry. According to the United States Department of Agriculture, the cold chain logistics sector has seen an annual growth rate of 7.4%. As logistics providers adopt newer technologies, the efficiency in using dry ice for temperature-sensitive goods, such as pharmaceuticals and perishables, has notably improved. Companies involved in cold chain solutions, like Americold Logistics, are increasingly investing in dry ice systems to streamline their operations and enhance product integrity during transport.
The increasing popularity of cryogenic applications in various industries is a significant market driver for the US Dry Ice Market Industry. Industries such as aerospace and electronics frequently use dry ice for cryogenic processing and temperature control. The National Aeronautics and Space Administration (NASA) reports the growing need for reliable temperature management in their space exploration programs. As technology advances and the demand for precision in manufacturing processes rises, the adoption of dry ice in cryogenic applications will fuel market growth.
The US Dry Ice Market is segmented into various classifications, with the Dry Ice Type being a critical aspect of this industry. This segment generally encompasses different forms of dry ice, which are essential in maintaining various temperature-sensitive products during transport and storage processes. Within this segment, Pellets, Blocks, and Others are commonly identified. Pellets are notably popular due to their versatility and suitability for numerous applications, from blast freezing to using in the food industry, enhancing market demand.Blocks, on the other hand, tend to be favored for their extended sublimation duration, serving purposefully in situations where prolonged cooling is necessary, such as in shipping and industrial applications.
The "Others" category encapsulates a range of specialized ice forms, each tailored for specific applications, thus catering to diverse market needs. In recent years, the growth drivers for the Dry Ice Type segment have been influenced by the increased emphasis on food safety and quality, necessitating adequate cooling solutions for the transportation of perishable goods.Furthermore, the growth of e-commerce, particularly in delivering temperature-sensitive products, has enhanced the importance of dry ice usage across multiple industries. However, challenges such as rising production costs and environmental concerns regarding carbon dioxide emissions continue to shape the landscape of the US Dry Ice Market.
With sustainability gaining traction, companies are exploring ways to optimize their processes while meeting regulatory standards and consumer expectations for eco-friendly practices. Insights into the US Dry Ice Market indicate a dynamic evolution within the Dry Ice Type segment, presenting plentiful opportunities for innovation and market expansion moving forward.The market is thus set to adapt to changing consumer preferences, alongside the overarching trends of e-commerce growth and increased demand for safe and efficient logistics solutions. As companies innovate within this sector, they are likely to introduce enhanced products that meet both performance and environmental demands, thus broadening the scope of applications for dry ice across numerous industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Dry Ice Application segment in the US Dry Ice Market reflects a diverse range of uses across various industries, driving both innovation and demand. The Food and Beverages sector significantly utilizes dry ice for preserving food quality and freshness during transportation, thereby enhancing shelf life and reducing spoilage. In the Storage and Transportation domain, the ability of dry ice to maintain low temperatures is fundamental, especially for the safe transit of temperature-sensitive goods. Healthcare applications also rely on dry ice, particularly in vaccine distribution, where temperature control is critical for maintaining efficacy.Industrial Cleaning employs dry ice in cleaning processes, leveraging its effectiveness in removing residues and contaminants without damaging surfaces. Additionally, the Others category encompasses emerging uses in various fields, indicating a growing trend towards adopting dry ice technology in innovative applications. The US Dry Ice Market segmentation showcases not only the versatility of dry ice but also highlights the potential for growth and a substantial impact across multiple industries, positioning the market for continued expansion in the foreseeable future.
US Dry Ice Market Key Players and Competitive Insights
The US Dry Ice Market is a dynamic sector marked by intense competition and a rapidly evolving landscape driven by various industries relying on dry ice for their logistic and operational needs. Factors such as food preservation, pharmaceuticals, and industrial applications are significantly influencing market demand. The competitive landscape is characterized by key players that utilize innovative technologies, strategic alliances, and robust distribution networks to gain a competitive edge. Companies in the dry ice market are continuously seeking to optimize production efficiencies and expand their market footprint, addressing the increasing needs of both local and national customers. As environmental considerations become more prominent, competition is also fostering advancements in sustainable practices and eco-friendly production methods.Innovative Refrigeration Systems has established a commendable presence in the US Dry Ice Market by focusing on cutting-edge refrigeration solutions tailored specifically for dry ice storage and transportation. The company is known for its ability to deliver high-quality dry ice products, ensuring consistent supply to various industries while maintaining strict quality standards. Its strengths include innovative technology implementations that lead to enhanced operational efficiency.
Additionally, Innovative Refrigeration Systems has built strong relationships with clients, allowing for customized solutions that meet specific customer demands. This customer-centric approach, combined with a commitment to innovation, positions the company favorably within a competitive market, where responsiveness to changing needs is key.Air Products and Chemicals operates as a prominent player in the US Dry Ice Market, delivering a wide range of industrial gases and related equipment, including dry ice. The company is recognized for its robust portfolio of products and services tailored to various applications across industries, such as food and beverage, healthcare, and logistics. Air Products and Chemicals leverage its extensive distribution network and logistical capabilities, ensuring a steady supply of dry ice to customers nationwide. His organization places a strong emphasis on innovation and has made strategic investments in technology to enhance production efficiencies. Moreover, the company engages in continuous growth through mergers and acquisitions, allowing it to broaden its market presence and further solidify its competitive advantage in delivering high-quality dry ice solutions to its clients across the United States.
Key Companies in the US Dry Ice Market Include:
Innovative Refrigeration Systems
Air Products and Chemicals
Ecolab
Linde
Matheson TriGas
Polar Ice
Cryotech
Superior Gas Solutions
Frozen Carbonic
Airgas
Praxair
Tru Cool
Continental Carbonic Products
US Dry Ice Market Industry Developments
The US Dry Ice Market has experienced notable developments recently, particularly driven by the increasing demand for dry ice in the food and beverage, healthcare, and logistics sectors. Companies like Innovative Refrigeration Systems and Air Products and Chemicals have expanded their production capacity to meet rising needs. Notably, in September 2023, Polar Ice opened a new facility to enhance its dry ice distribution network in the northeastern United States, which is expected to strengthen supply chains in the region. On the merger and acquisition front, Ecolab acquired a significant stake in Cryotech in June 2023, aiming to broaden its dry ice offerings in the healthcare industry. This strategic move aligns with the growing market for temperature-sensitive products, particularly amid ongoing pandemic-related challenges. In terms of market valuation, Linde reported a growth increase of approximately 8% in their dry ice sales for the second quarter of 2023, driven by high demands in transportation and storage solutions. Major happenings in the US Dry Ice Market over the past few years include advancements in production techniques and sustainable practices adopted by key players like Matheson TriGas and Ecolab, which focus on reducing environmental impact while meeting market challenges.
US Dry Ice Market Segmentation Insights
Dry Ice Market Dry Ice Type Outlook
Pellets
Blocks
Others
Dry Ice Market Dry Ice Application Outlook
Food & Beverages
Storage & Transportation
Healthcare
Industrial Cleaning
Others
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 63.91(USD Million) |
| MARKET SIZE 2024 | 70.0(USD Million) |
| MARKET SIZE 2035 | 170.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.401% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Innovative Refrigeration Systems, Air Products and Chemicals, Ecolab, Linde, Matheson TriGas, Polar Ice, Cryotech, American Gas Products, Superior Gas Solutions, Frozen Carbonic, Airgas, Praxair, Tru Cool, Continental Carbonic Products |
| SEGMENTS COVERED | Dry Ice Type, Dry Ice Application |
| KEY MARKET OPPORTUNITIES | Increased demand for cold storage, Growth in food and beverage sector, Rising pharmaceuticals and healthcare needs, Expanding logistics and transportation services, Growth of e-commerce delivery solutions |
| KEY MARKET DYNAMICS | increasing demand in logistics, rising use in food preservation, growing healthcare applications, climate change regulations, competitive pricing pressures |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Dry Ice Market is expected to be valued at 70.0 million USD in 2024.
The market is projected to reach 170.0 million USD by the year 2035.
The anticipated CAGR for the US Dry Ice Market from 2025 to 2035 is 8.401%.
In 2024, the pellets segment is expected to dominate with an estimated value of 30.0 million USD.
The blocks segment is projected to be valued at 60.0 million USD by 2035.
Key players include Innovative Refrigeration Systems, Linde, Ecolab, and Air Products and Chemicals.
The 'Others' type segment is expected to reach a market size of 30.0 million USD by 2035.
The growth is primarily driven by the increasing demand for dry ice in food preservation and industrial applications.
In 2024, pellets, blocks, and others are valued at 30.0 million USD, 25.0 million USD, and 15.0 million USD, respectively.
The market may face challenges related to production costs and competition from alternative cooling solutions.
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Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
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