GCC Dry Ice Market Forecast to 2028 - COVID-19 Impact and Analysis by Type (Pellets, Blocks, and Others) and Application (Food and Beverages, Storage and Transportation, Healthcare, Industrial Applications, and Others)
The GCC dry ice market is expected to grow from US$ 19.01 million in 2022 to US$ 24.78 million by 2028. It is expected to grow at a CAGR of 4.5% from 2022 to 2028.
Dry ice is a solid form of carbon dioxide (CO2), which gets converted into gas instead of liquid after sublimation. It is an odorless, non-flammable, and slightly acidic substance that is produced by compressing and cooling gaseous carbon dioxide under high pressure. Dry ice is often used as a coolant during the transportation of temperature-sensitive products due to the fact that it is colder than water ice and has no liquid phase in standard atmospheric conditions. Dry Ice can keep up with the "cool chain" all through the whole dispersion chain, from creation to end-user. Notwithstanding ideal virus chain affirmation, through amazing control of temperature and quick temperature recuperation after entryway/cover opening, Dry Ice offers expanded strategies adaptability, low or no commotion, and is better for the climate.
Moreover, dry ice is also being used in the healthcare industry. Dry ice can help in the sanitation, transport and storage of medical materials, such as medication and even surgical tools. As these are used in an environment which requires the highest standard of safety and purity, dry ice must be produced, delivered and handled with the proper care in the healthcare industry. Hazardous materials such as blood samples, body organs and other biomedical substances can only remain viable outside the body with proper handling. These materials must be kept at specific temperatures from recovery to preservation and transport. These factors are propelling the GCC dry ice market growth during the forecast period.
The GCC dry ice market is expected to grow from US$ 19.01 million in 2022 to US$ 24.78 million by 2028; it is expected to grow at a CAGR of 4.5% during 2022–2028. The high demand for perishable food products, such as meat, seafood, and dairy, is expected to propel the demand for cold chain logistics in Qatar in the coming years. Qatar is projected to become the world's second country to allow cell-based meat. The country intends to become a major exporter of plant-based and cell-based products in the region, which would increase its dependence on cold chain facilities, thereby boosting the demand for dry ice. Moreover, a rise in the import of COVID-19 vaccines has bolstered the demand for dry ice in Qatar.
Key Market Segments
Based on type, the GCC dry ice market is segmented into pellets, blocks, and others. In 2022, the blocks segment accounted for the largest market share, and it is further expected to register the highest CAGR during the forecast period. Based on application, the market is segmented into food & beverages, storage and transportation, healthcare, industrial applications, and others. The storage and transportation segment accounted for the largest share of the GCC dry ice market in 2021, and the food & beverages segment is expected to record the highest CAGR in the market during the forecast period.
Dry ice is being increasingly used in the maceration stage of winemaking (i.e., the time the juice from the grapes is left in contact with the fruit skin and stems) to inhibit the beginning of fermentation by rapidly reducing the temperature below 10°C. It is also being used in the meat processing industry and commercial bakeries to maintain critical temperatures to reduce product spoilage by inhibiting bacterial growth, slowing yeast growth, and delaying fermentation during production. It leaves no residue to contaminate or compromise the quality of food. Dry ice is also added in small amounts to serving trays to produce a fog effect around the food dishes.
Major Sources and Companies
A few primary and secondary sources referred to while preparing this report on the GCC dry ice market are paid databases (Factiva), publications, hoovers, investor presentations, newsletters, sec archives, and annual reports, in addition to the information available in the public domain. Major companies listed in the report are Rawabi Holding; Gulf Cyro; United Parcel Service of America, Inc.; Esnadee; Linde Plc; Albarrak Group Company; Asco Carbon Dioxide Ltd.; Eco Green Dry Ice; Saboo International; and Freezpak International.
Reasons to Buy Report
- Progressive trends in the dry ice industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the GCC dry ice market from 2020 to 2028
- Estimation of the demand for dry ice
- Porters analysis to illustrate the efficacy of buyers and suppliers operating in the dry ice industry
- Recent developments to understand the competitive market scenario and demand for dry ice
- Market trends and outlook and factors driving and restraining the GCC dry ice market
- Understanding the strategies that underpin commercial interest concerning the GCC dry ice market, aiding in the decision-making process
- GCC dry ice market size at various nodes of market
- Detailed overview and market segmentation, and the GCC dry ice industry dynamics
- GCC dry ice market size in various regions with promising growth opportunities
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Dry Ice Market, by Type
1.3.2 Dry Ice Market, by Application
1.3.3 Dry Ice Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 Dry Ice Market, by Type, and Application
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Dry Ice Market Landscape
4.1 Market Overview
4.2 Porter\'s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 End-use Industries
4.4 Expert Opinion
5. Dry Ice Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 High Demand for Dry Ice in Storage and Transportation
5.1.2 Increasing Preference for Dry Ice Over Water-Based Ice
5.2 Market Restraints
5.2.1 The Inability of Dry Ice to be Stored for an Extended Period
5.3 Market Opportunities
5.3.1 The Rapidly Increasing Demand for Frozen Foods
5.4 Future Trends
5.4.1 Use of dry ice for creating special effects
5.5 Impact Analysis of Drivers and Restraints
6. Dry Ice- GCC Market Analysis
6.1 Dry Ice Market Overview
6.2 Dry Ice Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning - Key Market Players
7. Dry Ice Market Analysis - By Type
7.1 Overview
7.2 Dry Ice Market, By Type (2021 and 2028)
7.3 Pellets
7.3.1 Overview
7.3.2 Pellets: Dry Ice Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Blocks
7.4.1 Overview
7.4.2 Blocks: Dry Ice Market - Revenue and Forecast to 2028 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Others: Dry Ice Market - Revenue and Forecast to 2028 (US$ Mn)
8. Dry Ice Market Analysis - By Application
8.1 Overview
8.2 Dry Ice Market, By Application (2021 and 2028)
8.3 Food and Beverages
8.3.1 Overview
8.3.2 Food and Beverages: Dry Ice Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Storage and Transportation
8.4.1 Overview
8.4.2 Storage and Transportation: Dry Ice Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Healthcare
8.5.1 Overview
8.5.2 Healthcare: Dry Ice Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Industrial Applications
8.6.1 Overview
8.6.2 Industrial Applications: Dry Ice Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Dry Ice Market - Revenue and Forecast to 2028 (US$ Mn)
9. Dry Ice Market - Geographic Analysis
9.1 GCC: Dry Ice Market
9.1.1 GCC: Dry Ice Market -Revenue and Forecast to 2028 (US$ Million)
9.1.2 GCC: Dry Ice Market, By Type
9.1.3 GCC: Dry Ice Market, by Application
9.1.4 GCC: Dry Ice Market, by Key Country
9.1.4.1 Saudi Arabia: Dry Ice Market - Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 Saudi Arabia: Dry Ice Market, By Type
9.1.4.1.2 Saudi Arabia: Dry Ice Market, by Application
9.1.4.2 UAE: Dry Ice Market - Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 UAE: Dry Ice Market, By Type
9.1.4.2.2 UAE: Dry Ice Market, by Application
9.1.4.3 Qatar: Dry Ice Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Qatar: Dry Ice Market, By Type
9.1.4.3.2 Qatar: Dry Ice Market, by Application
9.1.4.4 Kuwait: Dry Ice Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.4.1 Kuwait: Dry Ice Market, by Type
9.1.4.4.2 Kuwait: Dry Ice Market, by Application
9.1.4.5 Rest of GCC: Dry Ice Market -Revenue and Forecast to 2028 (US$ Million)
9.1.4.5.1 Rest of GCC: Dry Ice Market, By Type
9.1.4.5.2 Rest of GCC: Dry Ice Market, by Application
10. Impact of COVID-19 Pandemic on GCC Dry Ice Market
10.1 Impact of COVID-19 on GCC Dry Ice Market
11. Company Profiles
11.1 Rawabi Holding
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Gulf Cryo
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Linde Plc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Albarrak group
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Asco Carbon Dioxide Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 EcoGreen Dry Ice Services
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 SABOO INTERNATIONAL
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Freezpak international
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
LIST OF TABLES
Table 1. Dry Ice Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. GCC: Dry Ice Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. GCC: Dry Ice Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Dry Ice Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Dry Ice Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Dry Ice Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Dry Ice Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. Qatar Dry Ice Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. Qatar Dry Ice Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 10. Kuwait Dry Ice Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. Kuwait Dry Ice Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of GCC Dry Ice Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of GCC Dry Ice Market, by Application - Revenue and Forecast to 2028 (US$ Million)
LIST OF FIGURES
Figure 1. Dry Ice Segmentation
Figure 2. Dry Ice Segmentation - By Geography
Figure 3. GCC Dry Ice Market Overview
Figure 4. GCC Dry Ice Market, By Type
Figure 5. GCC Dry Ice Market, by Geography
Figure 6. GCC Dry Ice Market, Industry Landscape
Figure 7. Porter\'s Five Forces Analysis of Dry Ice Market
Figure 8. Dry Ice Market, Ecosystem
Figure 9. Expert Opinion
Figure 10. Dry Ice Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Dry Ice Market
Figure 12. Dry Ice Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Dry Ice Market Revenue Share, By Type (2021 and 2028)
Figure 14. Pellets: Dry Ice Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Blocks: Dry Ice Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Others: Dry Ice Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Dry Ice Market Revenue Share, By Application (2021 and 2028)
Figure 18. Food and Beverages: Dry Ice Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Storage and Transportation: Dry Ice Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Healthcare: Dry Ice Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Industrial Applications: Dry Ice Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Others: Dry Ice Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 23. GCC: Dry Ice Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. GCC: Dry Ice Market Revenue Share, By Type (2021 and 2028)
Figure 25. GCC: Dry Ice Market Revenue Share, by Application (2021 and 2028)
Figure 26. GCC: Dry Ice Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. Saudi Arabia: Dry Ice Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. UAE: Dry Ice Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Qatar: Dry Ice Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. Kuwait: Dry Ice Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of GCC: Dry Ice Market -Revenue and Forecast to 2028 (US$ Million)
The List of Companies - GCC dry ice market
- Rawabi Holding.
- Gulf Cryo
- Linde Plc
- Albarrak group
- Asco Carbon Dioxide Inc.
- Ecogreen Dry Ice Services
- Saboo International
- Freezpak international
- Progressive industry trends in the GCC dry ice market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the GCC dry ice market from 2021 to 2028
- Estimation of the demand for dry ice across various industries
- Porter\'s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
- Recent developments to understand the competitive market scenario and the demand for dry ice compounds in GCC.
- Market trends and outlook coupled with factors driving and restraining the growth of the GCC dry ice market.
- Decision-making process by understanding strategies that underpin commercial interest concerning the GCC dry ice market growth
- The GCC dry ice market size at various nodes of market
- Detailed overview and segmentation of GCC dry ice market as well as its dynamics in the industry
- The GCC dry ice market size in different regions with promising growth opportunities