Chemicals

How Will Shifting Industry Trends Push The Solid Carbon Dioxide Market Beyond $1.78 Billion?

November 6, 2025 by The Business Research Company

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How Much Will The Solid Carbon Dioxide Market Grow From 2024 To 2029?

The market for solid carbon dioxide has experienced robust expansion lately. Projections indicate this valuation will increase from $1.27 billion in 2024 to $1.36 billion a year later, reflecting a 7.2% compound annual growth rate. This upward trend during the past period is linked to several factors, including the expanding application in industrial cleaning operations, the heightened requirement for transporting biological specimens where temperature control is critical, surging requirements within the aerospace and aviation industries, the increasing favorability of mobile dry ice cooling solutions, and greater integration into chemical production methodologies.

Projections indicate substantial expansion for the solid carbon dioxide market over the forthcoming period, specifically reaching a valuation of $1.78 billion by the year 2029, reflecting a consistent annual growth trajectory quantified by a compound annual growth rate (CAGR) of seven percent, this upward trend is fundamentally driven by several key factors including escalating requirements for temperature-controlled supply chains, greater necessity for dry ice in preserving and conveying vaccines, a noticeable shift towards utilizing dry ice for online grocery fulfillment, augmented deployment within the packaging sectors for meat and seafood products, alongside mounting consumption originating from the entertainment sector; concurrently, significant industry movements defining this forecast horizon involve progress in the machinery used for dry ice creation, the evolution of mechanized systems for producing dry ice pellets and blocks, the incorporation of internet of things (IoT) technologies into cold chain surveillance mechanisms, technologically advanced refinements in dry ice blasting apparatus, and constant improvement in insulating packaging mediums.

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Which Major Forces Are Accelerating The Solid Carbon Dioxide Market Growth?

Anticipated expansion in the preparation of drinks and foodstuffs is projected to boost the trajectory of the solid carbon dioxide sector moving ahead. This industrial activity, which involves converting basic components into ready-to-eat or drink items packaged for end-users, is escalating primarily because the swelling worldwide populace necessitates greater availability of suitable consumables. Solid carbon dioxide plays a crucial role in this sector by facilitating exact thermal management and the introduction of fizz, rendering it indispensable for both processing stages and final packaging. Its utility extends to maintaining the integrity and extending the viability of goods throughout periods of warehousing and transit, thereby improving overall product standards and security. To illustrate this growth, data from the Canadian government entity, Agriculture and Agri-Food Canada, indicated in October 2023 that overseas shipments of processed food and drink items from Canada amounted to $54.3 billion during 2022, representing a notable 14.1 percent climb compared to the previous year. Consequently, the upward trend in food and beverage manufacturing is serving as a key impetus for the market expansion of solid carbon dioxide.

How Is The Solid Carbon Dioxide Market Segmented By Product, Application, And Region?

The solid carbon dioxide market covered in this report is segmented –

1) By Type: Food Grade, Industrial Grade, Pharmaceutical Grade, Technical Grade, Other Types

2) By Production Method: Commercial Production, In-Situ Production, Recycling Methods

3) By Distribution Channel: Direct Sales, Distributors, Online Retail, Wholesale

4) By Application: Food Preservation, Shipping And Transportation, Blast Freezing, Carbonating Beverages, Special Effects In Entertainment, Industrial Cooling, Cryogenic Applications

5) By End User: Food And Beverages, Healthcare, Logistics And Transportation, Entertainment And Events, Manufacturing

Subsegments:

1) By Food Grade: Beverage Carbonation, Cold Chain Logistics, Food Preservation

2) By Industrial Grade: Welding And Metal Fabrication, Chemical Processing, Dry Ice Blasting

3) By Pharmaceutical Grade: Vaccine And Biological Transport, Pharmaceutical Packaging, Laboratory Applications

4) By Technical Grade: Electronics Cooling, Manufacturing Processes, Research And Development

5) By Other Types: Entertainment And Special Effects, Fire Suppression, Pest Control

What Current Trends Are Driving Change In The Solid Carbon Dioxide Market?

Leading enterprises within the solid carbon dioxide sector are dedicating efforts toward creating novel offerings, exemplified by dry ice blasting equipment, with the primary goals of enhancing operational efficiency, ease of use, and adherence to ecological principles. This cleaning methodology, involving a dry ice blaster, propels solid carbon dioxide particles at high velocity using compressed air to effectively scour surfaces. As a concrete illustration, in the month of July in 2023, the American machinery firm Cold Jet LLC introduced the IceRocket, positioning it as a professional-tier, introductory dry ice blaster. This unit delivers potent, yet gentle, cleaning properties through the use of dry ice media, consequently minimizing operational interruptions and boosting productivity while preserving the integrity of the cleaned materials and generating no secondary residue. Its accessible, beginner-oriented configuration makes it perfectly suited for implementing waste-free, effective cleaning solutions across diverse industrial applications.

Who Are The Top Leaders Driving The Solid Carbon Dioxide Market?

Major Companies operating in the solid carbon dioxide market are Linde plc, Air Liquide Group, Air Products and Chemicals Inc., Matheson Tri-Gas Inc., BOC Ltd., Gulf Cryo Holding, Continental Carbonic Products Inc., Bhavani Enterprise, Southern Industrial Gas Sdn Bhd, SICGIL Industrial Gases Limited, Coregas Pty Ltd., Axcel Industrial Gases, Bathinda Industrial Gases Pvt. Ltd., Universal Industrial Gas Inc., BOSCO India Pvt. Ltd., Sri Venkateswara Carbonic Gases Private Limited, Iwatani Corporation, Panki Oxygen Pvt. Ltd., FreezeTech Innovations Pvt. Ltd., Niketa Ice Blaast Pvt. Ltd., Shivam Oxygen Pvt Ltd.

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How Do Regional Markets Compare In The Solid Carbon Dioxide Market?

North America was the largest region in the solid carbon dioxide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solid carbon dioxide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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