Global market projected to grow at a CAGR of 13.5% from 2026 to 2033 as pharmaceutical, food, and healthcare industries increasingly rely on advanced cold chain packaging solutions

SAN FRANCISCO, June 24, 2026 /PRNewswire/ — The global cold chain packaging market is poised for significant expansion, with increasing demand from pharmaceutical manufacturers, healthcare providers, food distributors, and e-commerce platforms fueling long-term growth. According to the latest industry analysis by Grand View Research, the global cold chain packaging market was valued at USD 33.7 billion in 2025 and is expected to reach USD 93.1 billion by 2033, expanding at a CAGR of 13.5% from 2026 to 2033.

The market’s growth trajectory reflects the critical role cold chain packaging plays in protecting temperature-sensitive products throughout storage, transportation, and distribution. As global supply chains become increasingly complex and consumers demand faster delivery of perishable goods, businesses are investing heavily in advanced insulated packaging technologies capable of maintaining product integrity across extended transit durations.

Rising Biopharmaceutical Demand Accelerating Market Growth

One of the primary factors driving industry expansion is the rapid growth of biopharmaceuticals, vaccines, biologics, insulin, and specialty medicines. These products require precise temperature control throughout the supply chain to maintain efficacy and regulatory compliance.

The increasing adoption of personalized medicine, cell and gene therapies, and biologic drug formulations has intensified the need for validated cold chain packaging systems. Pharmaceutical companies are prioritizing advanced thermal packaging solutions that minimize temperature excursions while supporting global distribution networks.

Stringent compliance requirements imposed by regulatory authorities worldwide are further encouraging pharmaceutical manufacturers and logistics providers to deploy high-performance cold chain packaging technologies that ensure product safety and quality.

Expanding Global Food Supply Chains Create New Opportunities

Beyond healthcare applications, the cold chain packaging market continues to benefit from growing international trade in perishable food products. Fresh fruits, vegetables, dairy products, seafood, processed foods, and frozen meals increasingly rely on temperature-controlled transportation to preserve freshness and extend shelf life.

Changing consumer lifestyles and rising demand for year-round availability of fresh foods are strengthening the need for efficient cold chain infrastructure. As food manufacturers and retailers seek to reduce spoilage and food waste, investments in insulated containers, refrigerant systems, gel packs, and thermal packaging solutions continue to rise.

The emergence of modern retail channels and direct-to-consumer food delivery models is also supporting long-term market expansion, particularly in developing economies experiencing rapid urbanization and digital transformation.

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E-commerce and Last-Mile Delivery Reshaping Industry Dynamics

The continued growth of e-commerce grocery platforms, meal-kit providers, and online pharmaceutical delivery services has transformed cold chain logistics requirements.

Consumers increasingly expect fast and reliable delivery of temperature-sensitive products directly to their homes. This shift has created substantial demand for lightweight, cost-effective, and durable packaging solutions capable of maintaining required temperature ranges during last-mile transportation.

Industry participants are responding with innovations focused on enhanced insulation performance, reusable packaging formats, and real-time monitoring technologies that provide greater visibility across the supply chain.

As digital commerce continues to expand globally, cold chain packaging providers are expected to benefit from rising shipment volumes and increasing customer expectations regarding product quality upon delivery.

Sustainability and Material Innovation Driving Competitive Advantage

Environmental sustainability has emerged as a key strategic priority within the cold chain packaging industry. Companies are increasingly developing recyclable, reusable, and biodegradable packaging solutions to address growing environmental concerns and corporate sustainability commitments.

Advancements in fiber-based insulation materials, paper-derived thermal liners, and environmentally responsible refrigerants are enabling manufacturers to reduce environmental impact without compromising thermal performance.

Furthermore, innovations in phase change materials (PCMs), vacuum insulated panels (VIPs), and smart packaging systems are enhancing operational efficiency while helping organizations achieve sustainability objectives.

The integration of temperature-monitoring sensors and data-logging technologies is also improving supply chain transparency and enabling proactive risk management throughout transportation networks.

Segment Insights Highlight Emerging Growth Areas

By material, expanded polystyrene (EPS) dominated the market in 2025, accounting for more than 38.0% of total revenue. The segment’s strong position is attributed to its superior insulation capabilities, lightweight design, affordability, and widespread adoption across pharmaceutical and food logistics applications.

Meanwhile, the paper and paperboard segment is expected to register the fastest growth rate, expanding at a CAGR of 14.8% through 2033. Rising sustainability mandates and increasing demand for recyclable packaging alternatives are accelerating adoption across multiple industries.

From a product perspective, insulated containers accounted for more than 41.0% of market revenue in 2025. Their ability to provide reliable thermal protection for pharmaceuticals, biologics, and perishable food products continues to support widespread usage.

Vacuum insulated panels are anticipated to emerge as the fastest-growing product segment, registering a CAGR of 14.2% during the forecast period. Their superior thermal efficiency, lightweight construction, and extended temperature-hold capabilities make them increasingly attractive for high-value and long-duration shipments.

The pharmaceuticals segment is projected to grow at a CAGR of 16.0% through 2033, reflecting rising demand for temperature-controlled packaging solutions across global healthcare supply chains.

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North America Maintains Market Leadership While Asia Pacific Gains Momentum

North America accounted for more than 32.0% of global market revenue in 2025, making it the largest regional market. The region benefits from a well-established pharmaceutical industry, advanced cold chain infrastructure, and strong demand for frozen and processed food products.

The United States remains a key growth engine due to ongoing investments in biologics manufacturing, vaccine distribution, and temperature-sensitive healthcare logistics.

At the same time, Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. Expanding healthcare infrastructure, increasing pharmaceutical production, rising disposable incomes, and rapid growth in e-commerce food delivery services are creating substantial opportunities across major economies including China, India, Japan, and Southeast Asia.

Competitive Landscape

The cold chain packaging market remains moderately concentrated, with leading companies focusing on innovation, sustainability, thermal performance, and regulatory compliance to strengthen their competitive positions.

Major industry participants include Cold Chain Technologies, Cryopak, ThermoSafe, Dawsongroup, SOFRIGAM, CSafe, Peli BioThermal LLC, Sealed Air, CoolPac, Nordic Cold Chain Solutions, Inmark Global Holdings, Envirotainer, DGP Intelsius LLC, TemperPack, and Polar Tech Industries.

Strategic investments in reusable packaging systems, smart monitoring technologies, advanced insulation materials, and packaging-as-a-service business models are expected to shape future competition within the industry.

Market Outlook

As pharmaceutical innovation accelerates, global food trade expands, and e-commerce distribution networks continue evolving, cold chain packaging will remain a critical component of modern supply chains. The industry’s ability to deliver reliable temperature control while addressing sustainability challenges positions it for sustained growth throughout the forecast period.

With the market expected to nearly triple in value by 2033, companies that successfully combine thermal performance, regulatory compliance, digital monitoring capabilities, and environmentally responsible materials are likely to capture significant opportunities in the years ahead.

To learn more about growth opportunities in the Cold Chain Packaging Market, access the full report from Grand View Research

About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Purpose-built to help emerging AI aggregation platforms reduce cross-region latency, manage traffic spikes, and protect APIs.

SINGAPORE, June 25, 2026 /PRNewswire/ — CDNetworks, the APAC-leading network to deliver edge as a service, today announced a new solution designed to help AI aggregation platforms deliver faster, more reliable, and more secure AI experiences to business users worldwide.

As enterprises adopt multiple AI models across business functions, AI aggregation platforms are emerging as a key access layer for model selection, task routing, and cost optimization. However, as these platforms scale across regions, they face growing pressure to maintain low-latency performance, handle unpredictable traffic spikes, and protect increasingly exposed AI model APIs.

CDNetworks’ new solution addresses these challenges by combining global acceleration with edge-native security. Built on CDNetworks’ global network of 3,000+ Points of Presence, the solution helps AI aggregation platforms deliver fast, stable, and secure AI interactions, regardless of where users, applications, or AI models are located.

The solution enables AI aggregation platforms to:

Improve global performance with intelligent routing, 3,000+ PoPs, and support for HTTP/2, HTTP/3, and WebSocket.Protect applications and APIs with edge-native WAAP capabilities, including DDoS protection, WAF, bot management, and API security.Simplify deployment and operations through a unified management console, real-time monitoring and analytics, and 24/7 expert support.

The solution is already delivering measurable results. In a recent deployment, a global AI aggregation platform using CDNetworks reduced global latency by 70% and origin bandwidth consumption by 60%, while maintaining continuous protection for its AI model APIs.

“AI aggregation platforms offer enterprises a flexible approach to working with multiple AI models. But their true potential will only be realized when they become a reliable part of the workflows where business decisions actually happen”, said Antony Li, APAC Head of Sales at CDNetworks. “By launching this new solution, CDNetworks is giving these platforms the infrastructure confidence to support AI interactions at scale.”

To learn more about CDNetworks’ solution for AI aggregation platforms, visit here.

About CDNetworks

As the APAC-leading network with over 3,000 global Points of Presence and more than 20 years of technology experience, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, edge computing, zero-trust security, and colocation services — all designed to spur business innovation.

To learn more, visit cdnetworks.com and follow us on LinkedIn.

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SOURCE CDNetworks

RUTHERFORD, N.J., June 24, 2026 /PRNewswire/ — Kreyco Inc., a provider of educational services to New York City public schools between 2023 and 2025, today called for an independent investigation into contracting practices, administrative oversight, student protection procedures, settlement practices, and accountability mechanisms within the New York City Department of Education (“NYCDOE”), Community School District 3 (“District 3”), and the Office of the Special Commissioner of Investigation (“SCI”).

The request follows testimony and documentation assembled by Kreyco concerning the administration of educational programs, procurement practices, contract management, investigative procedures, and student safety protocols affecting New York City public schools.

“This is not simply about Kreyco,” said Sean Kreyling, Founder and Chief Executive Officer of Kreyco. “It is about whether public institutions are safeguarding taxpayer resources, protecting students, and holding public officials accountable when systems fail.”

Two Consecutive Years of Approved Educational Services Agreements 

Kreyco provided world language instructional services to schools within District 3 during the 2023-2024 and 2024-2025 school years pursuant to agreements executed by senior district leadership.

Supporting Evidence

2023-2024 Agreement Executed by Superintendent Kamar Samuels2024-2025 Agreement Executed by Deputy Superintendent Mariela Graham

According to Kreyco, both agreements expressly contemplated review through established NYCDOE approval channels, including legal and administrative review processes. At no point during the execution, renewal, or implementation of either agreement did Kreyco receive notice that the agreements were improper, unauthorized, or non-compliant.

Payment Structure Implemented with District Knowledge and Participation 

Kreyco asserts that District 3 personnel instructed the company to utilize a specific payment structure involving two organizations after advising that payments to a single non-approved vendor would be limited.

The arrangement was subsequently utilized during the 2023-2024 school year and continued during the 2024-2025 school year.

Supporting Evidence

Communications with Samuels Regarding $25,000 Cap (2023)Communications with Samuels and Graham Regarding Renew Payment Structure (2024)

Kreyco maintains that it followed the procedures communicated by district personnel and that payments were processed through established administrative channels without objection from the relevant offices responsible for oversight.

Concerns Raised Regarding Outstanding Payments & Use of Grant Funds

During the 2024-2025 school year, Kreyco raised concerns regarding substantial past-due payments and the use of grant funds that, based on communications with District 3 leadership, were intended to support world language instruction.

Kreyco’s understanding was that funding provided through the Fostering Diverse Schools Demonstration Grants Program was awarded, in part, to support world language programming and that Kreyco’s services were incorporated into the grant application. District 3 leadership further represented that these funds could not be used for ENL/ESL programming.

Concerns arose when Kreyco learned that funds it understood to be designated for world language instruction had been misused to support ENL/ESL programming instead.

Supporting Evidence

Correspondence with Samuels and Graham Regarding Outstanding PaymentsFollow-up Correspondence with Samuels and Graham Regarding Outstanding PaymentsGrant Funding DocumentationGrants Funds Used for ESL Instruction Documentation

Kreyco notes that these concerns were raised before the company became the subject of increased scrutiny and investigation.

Questions Regarding Timing and Subsequent Actions 

Kreyco believes the timing of certain events warrants independent review.

On March 12, 2025, representatives of SCI contacted Kreyco regarding what was described as a confidential investigation.

Two days later, on March 14, 2025, District 3 terminated Kreyco’s educational services agreement.

Supporting Evidence

SCI Notice of Investigation Dated March 12, 2025District 3 Termination Notice Dated March 14, 2025Related Correspondence

Kreyco does not presently claim to possess direct evidence establishing coordination between these actions. However, the proximity in timing raises legitimate questions regarding communications, decision-making, and the sequence of events that preceded the termination of services.

Kreyco believes these circumstances warrant independent review to determine whether appropriate procedures were followed and whether relevant agencies acted independently.

Contract Termination and Impact on Students 

Kreyco contends that the March 14, 2025 termination occurred despite contractual obligations that remained in effect and resulted in students losing access to educational programming while financial obligations associated with the agreements remained.

Supporting Evidence

Improper Contract Termination by SamuelsCorrespondence from Kreyco Legal Counsel to Samuels (No Response)Communications Kreyco Counsel to General Counsel Liz Vladeck (No Response)

The company believes these events raise significant questions regarding stewardship of educational resources and decision-making affecting student learning opportunities.

Questions Regarding Central Office Oversight 

Kreyco further questions the adequacy and consistency of oversight exercised by NYCDOE Central Office personnel involved in reviewing, administering, and facilitating the agreements.

According to Kreyco, multiple officials participated in the approval, renewal, implementation, and payment processes associated with the agreements. Despite this involvement, Kreyco alleges that subsequent scrutiny focused disproportionately on the company and its leadership rather than the public officials responsible for authorizing and administering the arrangements.

Supporting Evidence

Communications with Procurement PersonnelCommunications with Central Office Regarding Splitting Payments (2023)

Student Protection, Accountability, and Settlement Practices 

Kreyco’s concerns extend beyond contracting and financial oversight. The company is also concerned about broader systemic issues involving the handling of allegations affecting student welfare and the mechanisms used to resolve such matters.

According to records reviewed by Kreyco, certain cases involving allegations of misconduct toward students were resolved through personnel actions and settlement agreements that limited public transparency regarding the practical consequences of those resolutions.

Of particular concern is a matter in which a NYCDOE employee was investigated regarding allegations involving inappropriate conduct toward students—including conduct that was sexual and racial in nature. According to the settlement agreement, the employee was designated as “irrevocably retired.”

Supporting Evidence

Correspondence from Katherine Rodi Containing Teacher’s “Irrevocably Retired” Status

While the phrase “irrevocably retired” may reasonably create the public impression that an individual has been permanently removed from educational employment, Kreyco believes policymakers should examine the practical effect of such provisions and whether they adequately protect students.

Based on information reviewed by Kreyco, the individual retained certifications and remained eligible for employment opportunities outside the NYCDOE. These circumstances raise questions regarding whether current settlement practices provide sufficient transparency to parents/guardians, schools, and future employers concerning allegations involving student welfare.

More broadly, these circumstances raise important policy questions regarding whether existing practices may inadvertently enable the educational equivalent of “passing the trash,” whereby individuals associated with serious allegations remain eligible to continue seeking employment involving children despite unresolved concerns or a lack of public disclosure regarding the underlying conduct.

Kreyco believes that any failure to follow established clearance procedures raises serious questions regarding student safety, administrative accountability, and compliance with NYCDOE policies.

Efforts to Preserve Evidence and Cooperate with Authorities

Prior to issuing this statement, Kreyco sought to address these matters through the appropriate governmental channels.

The company:

Provided SCI with additional documentation that Kreyco believes is relevant to these matters, including materials that were not requested or addressed during the original investigation;Submitted preservation letters to the NYCDOE, SCI, and Office of the Chief Counsel to the Mayor and City Hall requesting that relevant records be preserved; andRequested clarification regarding whether the newly submitted evidence would result in the reopening of the prior investigation or the initiation of a new investigation.

SCI acknowledged receipt of Kreyco’s submission but advised that it could not provide information regarding the status of any investigation. As of the date of this release, Kreyco has not received a substantive response from NYCDOE or the Office of the Chief Counsel to the Mayor and City Hall regarding its preservation requests.

Supporting Evidence

Document Submission to SCIPreservation LettersSCI’s Acknowledgment & Correspondence Regarding Status of Investigation

Questions Regarding Investigative Consistency and Accountability

Kreyco further questions whether investigative and enforcement standards have been applied consistently across different matters.

The company believes that independent review is necessary to determine whether investigations involving public officials, employees, and private educational providers are conducted fairly, objectively, and without preferential treatment.

Public confidence depends upon accountability systems that apply equally to all parties, regardless of position or institutional affiliation.

Call for Independent Investigation

Kreyco calls upon elected officials, oversight bodies, state authorities, and appropriate investigative agencies to review:

Procurement and contracting practices utilized within District 3.Administration and allocation of educational grant funding.The circumstances surrounding the March 2025 SCI inquiry and subsequent contract termination.Central Office oversight of approved agreements.Student safety and personnel clearance procedures.Settlement practices involving allegations affecting student welfare.Investigative standards and practices utilized by SCI.Policies intended to safeguard both taxpayer resources and student well-being.

Supporting Documentation 

Kreyco has assembled documentary evidence supporting the factual assertions contained in this statement and will make relevant materials available to authorized oversight bodies, policymakers, and members of the media upon request.

About Kreyco 

Kreyco Inc. is an educational services organization dedicated to expanding access to quality instructional programming and supporting schools through innovative educational partnerships.

Media Contact

Sean Kreyling
Founder & Chief Executive Officer
Kreyco Inc.
(201) 310-9727
skreyling@kreyco.com

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SOURCE Kreyco Inc.