Europe Dry Ice Market: Industry Analysis and Forecast (2024-2030)

Europe Dry Ice Market Definition:

Dry Ice is the common name for solid carbon dioxide (CO2). It gets this name because it does not melt into a liquid when heated; instead, it changes directly into a gas. Due to its extremely low temperature of -78°c, dry ice is often used as an alternative to refrigeration for foodstuffs and medical supplies. In addition, special dry ice pellets are used for industrial cleaning.

Further, the Europe Dry Ice market is segmented by product type, end use, and geography. On the basis of product type, the Europe Dry Ice market is segmented under pellets, blocks, slice and other. Based on the End use, the market is segmented under the channels of transportation, food and beverage, healthcare, and entertainment. By geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France and Rest of Europe For each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).

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Europe Dry Ice COVID 19 Insights: The COVID-19 pandemic disrupted the economy all over the world. Similarly in Europe, manufacturers and service providers of all the goods and services had to shut temporarily which affected the monetary exchange. Dry ice market also had drastic effects of pandemic. Dry ice being used in transportation of medicines and biological samples, it was used to transportation and storage of vaccines. Hence the dry ice production was not completely on hault.

Europe Dry Ice Market Dynamics:

Europe has a large population of beverage consumers. Germany is popular for the beer and France is popular for its authentic champagne. Thus dry ice is widely used in the beverage industry for storage purpose. The grapes chosen for making wine and champagne are stored inn dry ice for cold treatment before fermentation. Owing to the property of not melting and cost effectiveness, dry ice is highly preferred over water based ice in Europe. Interest for dry will boost with the advancement of dry ice machine industry. Huge multinational associations firms have been contributing conspicuously to the development of the dry ice market. Dry ice is cost effective item. This is supposed to support the interest for dry ice in different applications.

Increasing popularity for frozen food varieties and ascend in use of dry ice as refrigerant in food and transportation ventures are expected to drive the worldwide dry ice market. Eminent development in the transportation business supports the delivery of items, in this way driving the market growth of the dry ice market.

Europe Dry Ice Market Segment Analysis:

Based on Type, the Europe 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.

By End use, As far as end-use, the dry ice market can be segmented into Industrial, transportation, food and beverage, healthcare, and entertainment. The industrial segment will dominate the market by 57% during the forecast period. It is expected to be followed by the transportation segment reason being the rise in the need of advance medicine and online order of food and groceries. Entertainment segment is probably going to extend at a quick speed during the forecast period.

Europe 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 Product 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 Europe market, 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 Europe Dry Ice Market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe 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 Europe 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 Europe 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 Europe Dry Ice market. The report studies factors such as company size, market share, market growth, revenue, Product volume, and profits of the key players in the Europe 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 Product Type quality is in the Europe Dry Ice market. The report also analyses if the Europe 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 Europe Dry Ice market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Dry Ice market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Dry Ice Market is aided by legal factors.

Europe Dry Ice Market Scope:

Europe Dry Ice Market KEY PLAYERS: 

• Linde Gas (Dublin)
• White Lion (Germany)
• Boconline (UK)
• Sudstrahl (Germany)
• ACP Polska (Poland)
• Air Liquide (Austria)
• Biothec (Spain)
• Carbagas (Switzerland)
• Carblast Industrie (Germanny)