Overview of Carbon Dioxide Market Size & Future Outlook
According to the latest report by MarkNtel Advisors, the Global Carbon Dioxide Market is estimated to grow at a CAGR of around 4.87% from 2025-2030. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.
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What are the key drivers influencing the growth of the Carbon Dioxide market?
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.
How is the Carbon Dioxide market segmented and what are the key factors within each segment?
The Carbon Dioxide market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.
By Source
- Hydrogen- Market Size & Forecast 2020-2030, Thousand Tons
- Ethyl Alcohol- Market Size & Forecast 2020-2030, Thousand Tons
- Ethylene Oxide- Market Size & Forecast 2020-2030, Thousand Tons
- Substitute Natural Gas- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
By Form
- Solid- Market Size & Forecast 2020-2030, Thousand Tons
- Liquid- Market Size & Forecast 2020-2030, Thousand Tons
- Gas- Market Size & Forecast 2020-2030, Thousand Tons
By Application
- Food & Beverage- Market Size & Forecast 2020-2030, Thousand Tons
- Chemical Manufacturing- Market Size & Forecast 2020-2030, Thousand Tons
- Oil & Gas- Market Size & Forecast 2020-2030, Thousand Tons
- Medical – Market Size & Forecast 2020-2030, Thousand Tons
- Metal Fabrication- Market Size & Forecast 2020-2030, Thousand Tons
- Firefighting- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Who are the Key Market Players in the Carbon Dioxide industry?
The competitive landscape of the Carbon Dioxide market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.
Several key players are actively operating in the market, 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
- Reliance Industries Ltd.
- Greco Gas Inc.
- Sicgil India Limited
- SOL Group
- Matheson Tr-Gas, Inc.
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