DRY ICE MARKET Challenges and Opportunities

One of the key challenges faced by the market is the high production and storage costs associated with dry ice. Dry ice is produced through the controlled condensation of carbon dioxide gas through compression and cooling processes. This production process is energy intensive and requires sophisticated machinery, which leads to higher capital and operating costs for dry ice producers. Additionally, dry ice has a short shelf life of only a few days and needs to be stored and transported at extremely low temperatures of around -78 degrees Celsius using specialized equipment and containers with coolants.

Dry Ice Market Opportunity - Expansion of E-commerce and Cold Chain Logistics

One of the key opportunities for the market is the continuous expansion of the e-commerce and cold chain logistics industries. With more people shopping online globally, the need for effective temperature-controlled logistics is growing rapidly. Dry ice finds major usage in ensuring proper cooling during the shipments of perishable items such as frozen food, seafood, meat, dairy products, fruits, and vegetables through the expanding e-commerce supply chains. It is also increasingly being utilized for maintaining chilled temperatures during the transportation of pharmaceuticals, biologics, clinical trials, and vaccines.