The Global Carbon Dioxide Market is estimated to grow at a CAGR of around 4.87% during the forecast period, i.e., 2025-30 according to MarkNtel Advisors Study.
Global Carbon Dioxide Market Driver:
Soaring Usage of Carbon Dioxide in the Food & Beverage Industry: Over the past few years, the global population has significantly risen and has surged the requirements for food & beverage products. According to the United Nations, in 2022, the world population reached approximately 8 billion. Moreover, developing countries in the Asia-Pacific, like India, China, etc., are undergoing urbanization & industrialization due to the evolution plans such as China's 14th Five-Year Plan (2021-2025), India's Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0, etc., laid down by their governments.
As a result, the working population in these countries is significantly increasing. According to the Ministry of State Labour, in 2021, the employment rate in India increased to approximately 52.9%. This increase in the office-going population is resulting in a rise in demand for processed food & beverage products across the globe. Thus, to cater to this rising demand for food & beverages, the companies such as Coca-Cola, Goya Foods, etc., are expanding their food production capacity by setting up manufacturing units in different countries.
• In 2023, ITC, a leading player in the FMCG sector, inaugurated its manufacturing unit worth USD54.76 million in India to expand its production capacity for processed food products.
The CO2 is essential in food & beverage manufacturing units for various purposes such as carbonation, Freezing & Cooling, pH control, etc. Thus, the setup of new food & beverage manufacturing units across the globe to cater to the growing demand for food & beverage is driving the Global Carbon Dioxide Market.
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Key Market Reports Highlights
• Market Dimensions & Projections
• Pricing Evaluation
• Recent Strategic Moves by Companies
• Primary Stakeholders
• Import/Export Trend Analysis
• Competitive Landscape Assessment
• Emerging Opportunities
• Market Trends and Indicators
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Global Carbon Dioxide Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
• By Source
o Hydrogen- Market Size & Forecast 2020-2030, Thousand Tons
o Ethyl Alcohol- Market Size & Forecast 2020-2030, Thousand Tons
o Ethylene Oxide- Market Size & Forecast 2020-2030, Thousand Tons
o Substitute Natural Gas- Market Size & Forecast 2020-2030, Thousand Tons
o Others- Market Size & Forecast 2020-2030, Thousand Tons
• By Form
o Solid- Market Size & Forecast 2020-2030, Thousand Tons
o Liquid- Market Size & Forecast 2020-2030, Thousand Tons
o Gas- Market Size & Forecast 2020-2030, Thousand Tons
• By Application
o Food & Beverage- Market Size & Forecast 2020-2030, Thousand Tons
o Chemical Manufacturing- Market Size & Forecast 2020-2030, Thousand Tons
o Oil & Gas- Market Size & Forecast 2020-2030, Thousand Tons
o Medical - Market Size & Forecast 2020-2030, Thousand Tons
o Metal Fabrication- Market Size & Forecast 2020-2030, Thousand Tons
o Firefighting- Market Size & Forecast 2020-2030, Thousand Tons
o Others- Market Size & Forecast 2020-2030, Thousand Tons
• By Region
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Air Liquide S.A, Air Products and Chemicals, Linde Plc, Taiyo Nippon Sanso, Messer Group, Strandmøllen A / S, Yara International ASA, BASF, Air Water Group, and Reliance Industries Ltd., Others
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