드라이아이스 시장 : 시장 규모, 점유율, 성장률, 산업 분석, 유형별, 용도별, 지역별 고찰 및 예측(2026-2034년)

Growth Factors of dry ice Market

The global dry ice market has been witnessing robust growth, driven by increasing demand from food & beverage, pharmaceuticals, cold chain logistics, and industrial cleaning applications. Dry ice, the solid form of carbon dioxide (CO2), is an odorless, colorless, non-flammable, and slightly acidic material that sublimates directly from solid to gas without leaving any residue. Produced by compressing and cooling gaseous CO2 into liquid and then expanding it into solid form, dry ice is available in pellets, slices, and blocks. With a low temperature of approximately -75°C, dry ice is widely used for refrigeration, preservation of perishable and medical products, and in blast cleaning processes.

According to Fortune Business Insights, the global dry ice market was valued at USD 1.66 billion in 2025 and is projected to grow to USD 1.78 billion in 2026, reaching USD 3.15 billion by 2034, reflecting a CAGR of 7.40% during 2026-2034. In 2025, Asia Pacific dominated the market with a 33% share, driven by rapid growth in cold chain logistics, food & beverage consumption, and pharmaceutical transport requirements.

Market Drivers

One of the primary drivers of the dry ice market is the expansion of the cold chain logistics industry. Dry ice plays a critical role in transporting and storing temperature-sensitive products, including frozen foods, vaccines, and biologics. The COVID-19 pandemic further highlighted its importance, especially for storing ultra-low temperature vaccines such as Pfizer-BioNTech. Increasing globalization of trade, rising e-commerce for frozen and perishable foods, and the growing biopharmaceutical sector are propelling dry ice demand. Its advantages over water-based ice-low temperature, sublimation without residue, non-toxicity, and cost-effectiveness-further enhance its adoption across various sectors.

COVID-19 Impact

The COVID-19 pandemic significantly influenced the market. Initially, demand surged due to vaccine storage needs, creating supply chain disruptions. Manufacturers struggled to meet the sudden spike in demand, leading to temporary shortages. As vaccination programs expanded, demand stabilized, though fluctuations continued based on economic recovery and ongoing pandemic developments. Overall, the pandemic underscored dry ice's essential role in critical industries, reshaping production and logistics strategies.

Market Trends

Green initiatives and sustainable practices are shaping the market. Manufacturers increasingly use captured CO2 from industrial processes, such as ethanol or natural gas production, to produce dry ice, minimizing emissions and promoting eco-friendly operations. In Asia Pacific, the market grew from USD 0.47 billion in 2023 to USD 0.50 billion in 2024, reflecting a steady adoption of sustainable practices alongside industrial growth.

Restraining Factors

Market growth faces challenges from volatility in CO2 supply and pricing. CO2 availability is influenced by fluctuations in industrial production, seasonal variations, and geopolitical factors. During high industrial demand periods, CO2 for dry ice production may be constrained, leading to shortages and price hikes. Conversely, reduced industrial activity can lead to oversupply and price declines. Geopolitical tensions, trade restrictions, and supply chain disruptions add further uncertainty.

Segmentation Analysis

By Type: Dry ice pellets dominate the market, accounting for 33.71% share in 2026, due to their widespread use in healthcare, food preservation, logistics, and industrial cleaning. Dry ice slices are also used, especially in rapid food chilling and specialty manufacturing, though with moderate growth.

By Application: Transportation & storage remains the largest application, projected to hold 35.96% share in 2026, supporting temperature-controlled logistics for pharmaceuticals, perishable foods, and industrial goods. The food industry is another major segment, accounting for 30.9% share in 2024, used for rapid chilling and freezing during production and packaging.

Regional Insights

Asia Pacific: The region led the market in 2025 with USD 0.54 billion, driven by China, India, Japan, and South Korea. Rising e-commerce and cold chain infrastructure expansion further fuel demand. The Japan, China, and India markets are projected to reach USD 0.07 billion, USD 0.22 billion, and USD 0.16 billion in 2026, respectively.

North America: The U.S. is the major contributor, with the market projected at USD 0.4 billion in 2026, supported by pharmaceuticals, food & beverage, and advanced logistics technologies.

Europe: Germany and the UK are key markets, projected to reach USD 0.1 billion and USD 0.06 billion in 2026, driven by sustainability initiatives and stringent regulatory standards.

Latin America and Middle East & Africa are witnessing growth through investments in cold chain infrastructure, healthcare, and food logistics.

Key Industry Players

The dry ice market is competitive and consolidated, with major players focusing on capacity expansion, mergers & acquisitions, and R&D. Key companies include:

• Linde plc (Ireland)
• CryoCarb (U.S.)
• NEXAIR (U.S.)
• Dry Ice UK Ltd. (U.K.)
• Central McGowan (U.S.)
• ASCO Carbon Dioxide Ltd. (U.S.)
• Polar Ice Ltd. (Ireland)
• Praxair Technology, Inc. (U.S.)

Significant recent developments include Cold Jet launching the IceRocket dry ice blasting machine in July 2023, and Holston Gases acquiring Superior Dry Ice in May 2023, highlighting innovation and strategic consolidation in the market.

Conclusion

The global dry ice market is set to expand significantly from USD 1.66 billion in 2025 to USD 1.78 billion in 2026, reaching USD 3.15 billion by 2034, reflecting strong CAGR of 7.40%. Growth is driven by cold chain logistics, food & beverage, pharmaceuticals, and industrial cleaning. Despite challenges such as CO2 supply volatility, increasing adoption of sustainable practices and technological innovations are expected to sustain market expansion. Dry ice will remain a critical material for temperature-controlled transportation and storage across global industries throughout the forecast period.

Segmentation By Type

• Dry Ice Sliced
• Dry Ice Pellets
• Dry Ice Blocks
• Others

By Application

• Food Industry
• Medical and Pharmaceutical
• Transportation and Storage
• Entertainment Industry
• Others

By Region

• North America (By Type, Application, and Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Type, Application, and Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Italy (By Application)
  • Spain (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Type, Application, and Country)
  • China (By Application)
  • India (By Application)
  • Japan (By Application)
  • South Korea (By Application)
  • Rest of East Asia (By Application)
• Latin America (By Type, Application, and Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
• Middle East & Africa (By Type, Application, and Country)
  • South Africa (By Application)
  • GCC (By Application)
  • Rest of the Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Trends
• 4.2. Key Developments
• 4.3. Insights on Sustainbility
• 4.4. Latest Technological Advancements
• 4.5. Porters Five Forces Analysis
• 4.6. Qualitative Insights on Impact of COVID-19 on Market

5. Global Dry Ice Market Analysis, Insights and Forecast, 2021-2034

• 5.1. Key Findings / Summary
• 5.2. By Type (Value)
  • 5.2.1. Dry Ice Sliced
  • 5.2.2. Dry Ice Pellets
  • 5.2.3. Dry Ice Blocks
  • 5.2.4. Others
• 5.3. By Application (Value)
  • 5.3.1. Food Industry
  • 5.3.2. Medical and Pharmaceutical
  • 5.3.3. Transportation and Storage
  • 5.3.4. Entertainment Industry
  • 5.3.5. Others
• 5.4. By Region (Value)
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Latin America
  • 5.4.5. Middle East & Africa

6. North America Dry Ice Market Analysis, Insights and Forecast, 2021-2034

• 6.1. Key Findings / Summary
• 6.2. By Type (Value)
  • 6.2.1. Dry Ice Sliced
  • 6.2.2. Dry Ice Pellets
  • 6.2.3. Dry Ice Blocks
  • 6.2.4. Others
• 6.3. By Application (Value)
  • 6.3.1. Food Industry
  • 6.3.2. Medical and Pharmaceutical
  • 6.3.3. Transportation and Storage
  • 6.3.4. Entertainment Industry
  • 6.3.5. Others
• 6.4. By Country (Value)
  • 6.4.1. U.S.
    • 6.4.1.1. By Application (Value)
      • 6.4.1.1.1. Food Industry
      • 6.4.1.1.2. Medical and Pharmaceutical
      • 6.4.1.1.3. Transportation and Storage
      • 6.4.1.1.4. Entertainment Industry
      • 6.4.1.1.5. Others
  • 6.4.2. Canada
    • 6.4.2.1. By Application (Value)
      • 6.4.2.1.1. Food Industry
      • 6.4.2.1.2. Medical and Pharmaceutical
      • 6.4.2.1.3. Transportation and Storage
      • 6.4.2.1.4. Entertainment Industry
      • 6.4.2.1.5. Others

7. Europe Dry Ice Market Analysis, Insights and Forecast, 2021-2034

• 7.1. Key Findings / Summary
• 7.2. By Type (Value)
  • 7.2.1. Dry Ice Sliced
  • 7.2.2. Dry Ice Pellets
  • 7.2.3. Dry Ice Blocks
  • 7.2.4. Others
• 7.3. By Application (Value)
  • 7.3.1. Food Industry
  • 7.3.2. Medical and Pharmaceutical
  • 7.3.3. Transportation and Storage
  • 7.3.4. Entertainment Industry
  • 7.3.5. Others
• 7.4. By Country (Value)
  • 7.4.1. Germany
    • 7.4.1.1. By Application (Value)
      • 7.4.1.1.1. Food Industry
      • 7.4.1.1.2. Medical and Pharmaceutical
      • 7.4.1.1.3. Transportation and Storage
      • 7.4.1.1.4. Entertainment Industry
      • 7.4.1.1.5. Others
  • 7.4.2. U.K.
    • 7.4.2.1. By Application (Value)
      • 7.4.2.1.1. Food Industry
      • 7.4.2.1.2. Medical and Pharmaceutical
      • 7.4.2.1.3. Transportation and Storage
      • 7.4.2.1.4. Entertainment Industry
      • 7.4.2.1.5. Others
  • 7.4.3. France
    • 7.4.3.1. By Application (Value)
      • 7.4.3.1.1. Food Industry
      • 7.4.3.1.2. Medical and Pharmaceutical
      • 7.4.3.1.3. Transportation and Storage
      • 7.4.3.1.4. Entertainment Industry
      • 7.4.3.1.5. Others
  • 7.4.4. Italy
    • 7.4.4.1. By Application (Value)
      • 7.4.4.1.1. Food Industry
      • 7.4.4.1.2. Medical and Pharmaceutical
      • 7.4.4.1.3. Transportation and Storage
      • 7.4.4.1.4. Entertainment Industry
      • 7.4.4.1.5. Others
  • 7.4.5. Spain
    • 7.4.5.1. By Application (Value)
      • 7.4.5.1.1. Food Industry
      • 7.4.5.1.2. Medical and Pharmaceutical
      • 7.4.5.1.3. Transportation and Storage
      • 7.4.5.1.4. Entertainment Industry
      • 7.4.5.1.5. Others
  • 7.4.6. Rest of Europe
    • 7.4.6.1. By Application (Value)
      • 7.4.6.1.1. Food Industry
      • 7.4.6.1.2. Medical and Pharmaceutical
      • 7.4.6.1.3. Transportation and Storage
      • 7.4.6.1.4. Entertainment Industry
      • 7.4.6.1.5. Others

8. Asia-Pacific Dry Ice Market Analysis, Insights and Forecast, 2021-2034

• 8.1. Key Findings / Summary
• 8.2. By Type (Value)
  • 8.2.1. Dry Ice Sliced
  • 8.2.2. Dry Ice Pellets
  • 8.2.3. Dry Ice Blocks
  • 8.2.4. Others
• 8.3. By Application (Value)
  • 8.3.1. Food Industry
  • 8.3.2. Medical and Pharmaceutical
  • 8.3.3. Transportation and Storage
  • 8.3.4. Entertainment Industry
  • 8.3.5. Others
• 8.4. By Country (Value)
  • 8.4.1. China
    • 8.4.1.1. By Application (Value)
      • 8.4.1.1.1. Food Industry
      • 8.4.1.1.2. Medical and Pharmaceutical
      • 8.4.1.1.3. Transportation and Storage
      • 8.4.1.1.4. Entertainment Industry
      • 8.4.1.1.5. Others
  • 8.4.2. India
    • 8.4.2.1. By Application (Value)
      • 8.4.2.1.1. Food Industry
      • 8.4.2.1.2. Medical and Pharmaceutical
      • 8.4.2.1.3. Transportation and Storage
      • 8.4.2.1.4. Entertainment Industry
      • 8.4.2.1.5. Others
  • 8.4.3. Japan
    • 8.4.3.1. By Application (Value)
      • 8.4.3.1.1. Food Industry
      • 8.4.3.1.2. Medical and Pharmaceutical
      • 8.4.3.1.3. Transportation and Storage
      • 8.4.3.1.4. Entertainment Industry
      • 8.4.3.1.5. Others
  • 8.4.4. South Korea
    • 8.4.4.1. By Application (Value)
      • 8.4.4.1.1. Food Industry
      • 8.4.4.1.2. Medical and Pharmaceutical
      • 8.4.4.1.3. Transportation and Storage
      • 8.4.4.1.4. Entertainment Industry
      • 8.4.4.1.5. Others
  • 8.4.5. Rest of Asia Pacific
    • 8.4.5.1. By Application (Value)
      • 8.4.5.1.1. Food Industry
      • 8.4.5.1.2. Medical and Pharmaceutical
      • 8.4.5.1.3. Transportation and Storage
      • 8.4.5.1.4. Entertainment Industry
      • 8.4.5.1.5. Others

9. Latin America Dry Ice Market Analysis, Insights and Forecast, 2021-2034

• 9.1. Key Findings / Summary
• 9.2. By Type (Value)
  • 9.2.1. Dry Ice Sliced
  • 9.2.2. Dry Ice Pellets
  • 9.2.3. Dry Ice Blocks
  • 9.2.4. Others
• 9.3. By Application (Value)
  • 9.3.1. Food Industry
  • 9.3.2. Medical and Pharmaceutical
  • 9.3.3. Transportation and Storage
  • 9.3.4. Entertainment Industry
  • 9.3.5. Others
• 9.4. By Country (Value)
  • 9.4.1. Brazil
    • 9.4.1.1. By Application (Value)
      • 9.4.1.1.1. Food Industry
      • 9.4.1.1.2. Medical and Pharmaceutical
      • 9.4.1.1.3. Transportation and Storage
      • 9.4.1.1.4. Entertainment Industry
      • 9.4.1.1.5. Others
  • 9.4.2. Mexico
    • 9.4.2.1. By Application (Value)
      • 9.4.2.1.1. Food Industry
      • 9.4.2.1.2. Medical and Pharmaceutical
      • 9.4.2.1.3. Transportation and Storage
      • 9.4.2.1.4. Entertainment Industry
      • 9.4.2.1.5. Others
  • 9.4.3. Rest of Latin America
    • 9.4.3.1. By Application (Value)
      • 9.4.3.1.1. Food Industry
      • 9.4.3.1.2. Medical and Pharmaceutical
      • 9.4.3.1.3. Transportation and Storage
      • 9.4.3.1.4. Entertainment Industry
      • 9.4.3.1.5. Others

10. Middle East & Africa Dry Ice Market Analysis, Insights and Forecast, 2021-2034

• 10.1. Key Findings / Summary
• 10.2. By Type (Value)
  • 10.2.1. Dry Ice Sliced
  • 10.2.2. Dry Ice Pellets
  • 10.2.3. Dry Ice Blocks
  • 10.2.4. Others
• 10.3. By Application (Value)
  • 10.3.1. Food Industry
  • 10.3.2. Medical and Pharmaceutical
  • 10.3.3. Transportation and Storage
  • 10.3.4. Entertainment Industry
  • 10.3.5. Others
• 10.4. By Country (Value)
  • 10.4.1. South Africa
    • 10.4.1.1. By Application (Value)
      • 10.4.1.1.1. Food Industry
      • 10.4.1.1.2. Medical and Pharmaceutical
      • 10.4.1.1.3. Transportation and Storage
      • 10.4.1.1.4. Entertainment Industry
      • 10.4.1.1.5. Others
  • 10.4.2. GCC
    • 10.4.2.1. By Application (Value)
      • 10.4.2.1.1. Food Industry
      • 10.4.2.1.2. Medical and Pharmaceutical
      • 10.4.2.1.3. Transportation and Storage
      • 10.4.2.1.4. Entertainment Industry
      • 10.4.2.1.5. Others
  • 10.4.3. Rest of Middle East & Africa
    • 10.4.3.1. By Application (Value)
      • 10.4.3.1.1. Food Industry
      • 10.4.3.1.2. Medical and Pharmaceutical
      • 10.4.3.1.3. Transportation and Storage
      • 10.4.3.1.4. Entertainment Industry
      • 10.4.3.1.5. Others

11. Company Profiles (Overview, Description, Product Portfolio, Financials (As per Availability), Recent Developments)

• 11.1. Linde plc
  • 11.1.1. Overview
  • 11.1.2. Description
  • 11.1.3. Product Portfolio
  • 11.1.4. Financials (As per Availability)
  • 11.1.5. Recent Developments
• 11.2. CryoCarb
  • 11.2.1. Overview
  • 11.2.2. Description
  • 11.2.3. Product Portfolio
  • 11.2.4. Financials (As per Availability)
  • 11.2.5. Recent Developments
• 11.3. NEXAIR
  • 11.3.1. Overview
  • 11.3.2. Description
  • 11.3.3. Product Portfolio
  • 11.3.4. Financials (As per Availability)
  • 11.3.5. Recent Developments
• 11.4. Dry Ice U.K. Ltd.
  • 11.4.1. Overview
  • 11.4.2. Description
  • 11.4.3. Product Portfolio
  • 11.4.4. Financials (As per Availability)
  • 11.4.5. Recent Developments
• 11.5. Central McGowan
  • 11.5.1. Overview
  • 11.5.2. Description
  • 11.5.3. Product Portfolio
  • 11.5.4. Financials (As per Availability)
  • 11.5.5. Recent Developments
• 11.6. ASCO CARBON DIOXIDE LTD
  • 11.6.1. Overview
  • 11.6.2. Description
  • 11.6.3. Product Portfolio
  • 11.6.4. Financials (As per Availability)
  • 11.6.5. Recent Developments
• 11.7. The Iceman
  • 11.7.1. Overview
  • 11.7.2. Description
  • 11.7.3. Product Portfolio
  • 11.7.4. Financials (As per Availability)
  • 11.7.5. Recent Developments
• 11.8. Polar Ice Ltd
  • 11.8.1. Overview
  • 11.8.2. Description
  • 11.8.3. Product Portfolio
  • 11.8.4. Financials (As per Availability)
  • 11.8.5. Recent Developments
• 11.9. Chillistick Ltd
  • 11.9.1. Overview
  • 11.9.2. Description
  • 11.9.3. Product Portfolio
  • 11.9.4. Financials (As per Availability)
  • 11.9.5. Recent Developments
• 11.10. Praxair Technology, Inc.
  • 11.10.1. Overview
  • 11.10.2. Description
  • 11.10.3. Product Portfolio
  • 11.10.4. Financials (As per Availability)
  • 11.10.5. Recent Developments

12. Strategic Recommendations