Asia-Pacific Dry Ice Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Machine Type, Type and Region

Asia-Pacific Dry Ice Market Definition:

Dry Ice is a strong type of carbon dioxide and is utilized as a cooling agent. Dry ice is preferred over ice since it has a lower temperature and doesn't leave a residue. Dry ice, accordingly, helps preserve frozen food varieties where mechanical cooling is unavailable it is regularly used to package things that need to stay frozen for a longer time like frozen yogurt, ice cream and biological samples. Besides, dry ice is additionally used in carbonate refreshments, harden oil slips and stop ice sculptures and ice walls from softening.

 

Further, the Asia-Pacific Dry Ice market is segmented by Machine Type, distribution channel, and geography. On the basis of machine type, the Asia-Pacific Dry Ice market is segmented under Machine Type in product machine, and cleaning machine. Based on the type, the market is segmented under pellets, blocks, slice and others. By geography, the market covers the major countries in Asia Pacific i.e., India, China, Japan, Australia and Rest of Asia Pacific For each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).

 

 

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Asia-Pacific Dry Ice COVID 19 Insights:

The COVID-19 varied effects on the India dry ice market. Dry ice tracks down its applications in different industries, like transportation, healthcare, food and refreshment, and others. The transportation and supply chain logistics was hit hard by the COVID-19 effect. The International Transport Forum reported an everyday cargo stream of 2 million tons during the lockdown, while there were 3 million tons day to day before the lockdown. As per the report by International Transport Forum in India, just 40% of national permit trucks were plying on the road during lockdown. However, because of India's role as the biggest producer of COVID-19 vaccine and as the nation supplies the vaccines to numerous countries, dry ice interest in India increased rapidly.

 

Asia-Pacific Dry Ice Market Dynamics:

Compared with different solvents, dry ice is more secure and less toxic than disastrous and toxic solvents. This type of cleaning doesn't use water, therefore wastewater treatment isn't required, as the dry ice pellets evaporate upon contact, leaving just the debris, which then, at that point, is taken out by an blasting cycle. The blaster cleaning technique doesn't need recuperation of water, tidying up of solvents, or the regulation of waste. These properties of dry ice are the main factors adding to the development of the India dry ice market. Dry Ice blasting organizations in India, for example, EPSCO India have expressed that dry ice impacting is a superior strategy over conventional cleaning techniques like, water and steam cleaning.

 

Dry ice is viewed as a cost effective item for preserving frozen food items. Dry ice has lower temperatures than water-based ice; subsequently it is popular for storing and transportation of frozen Machine Types. The least temperature presented by dry ice is - 78 degrees Celsius, while the most minimal presented by water ice is - 18 degrees Celsius. India's dry ice market is being driven by the developing revenue in frozen food varieties for solidified nourishment, alongside the use of dry ice as a refrigerant in the conveyance and food industry.

 

Asia-Pacific Dry Ice Market Segment Analysis:

By Machine Type, the dry ice market is segmented into production machines and cleaning machines. The cleaning machine section dominated the market in 2024 as it permits filth to be cleansed even in hard to-clean circumstances where cleaning by hand would be difficult. Dry ice cleaning additionally reduces labour costs since it could be finished in less time than conventional manual work. Preventive maintenance and detect cleaning should be done frequently without affecting efficiency. Dry ice cleaning adds to more limited downtime periods because the gear can be washed hot and in-line. Because of the previously mentioned contemplations, industrialists and multinational companies (MNCs) are adopting on dry ice cleaning, which thus is driving up interest for cleaning machines.

 

 

By Type, The Asia-Pacific dry ice market is segmented into pellets, blocks, slices, and others on the basis of type. Among these, the pellets segment dominates the India region of dry ice market with the largest market share. The pellet form of dry ice is high in density. Cylindrical dry ice pellets are designed for application in the food and beverage industry and foodstuff processing as cylindrical dry ice pellets offer food-grade quality and safety, which is critical for food items.

 

Asia-Pacific Dry Ice Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide Machine Type portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the europemarket, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Asia-Pacific Dry Ice market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia-Pacific Dry Ice market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia-Pacific Dry Ice Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Asia-Pacific Dry Ice market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia-Pacific Dry Ice market. The report studies factors such as company size, market share, market growth, revenue, Machine Typeion volume, and profits of the key players in the Asia-Pacific Dry Ice market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their Machine Type quality is in the Asia-Pacific Dry Ice market. The report also analyses if the Asia-Pacific Dry Ice market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia-Pacific Dry Ice market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia-Pacific Dry Ice market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia-Pacific Dry Ice market is aided by legal factors.

 

Asia-Pacific Dry Ice Market Scope:

 

Asia-Pacific Dry Ice Market Scope
Market Size in 2023	USD 108.40 Mn.
Market Size in 2030	USD 147.52 Mn.
CAGR (2024-2030)	4.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Type Pellets Blocks Slices Others
	by Machine Type Production Machine Cleaning Machine
Country Scope	China India  Japan  South Korea Australia  ASEAN Rest of APAC

 

 

Asia-Pacific Dry Ice MARKET KEY PLAYERS: 

• Sicgil India (India)
• Ziyang Sida Cryogenic Machine (China)
• Tripti Dry Ice (India)
• Zenaco CO2 (Singapore)
• Yara International (India)
• Synergy Dry Ice (Malaysia)
• S.R Industrial Dry Ice (India)
• Dry Ice Technology (Taiwan)
• Others