India Dry Ice Market Exhibiting Marvelous Growth: Anticipated to Record a CAGR of 4.7% by 2027
A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the India dry ice market is expected to clock a notable 4.7% CAGR during the forecast period (2021-2027). The India dry ice market is primarily supported by the rising demand for dry ice as a refrigerant in the transport, food industry, transportation, medical, and entertainment sectors. Furthermore, the growing global business of high-quality perishable food products transportation requires advanced refrigeration facilities to keep food products at the proper temperature. This is yet another factor that is powering the growth of India dry ice market.
The growing import & export activities related to drugs & vaccines and the thriving organized retail & foodservice industry are playing a key role in expanding the India dry ice market demand. Serum Institute of India is a major manufacturer of Covishield vaccines, delivering them all over the world. According to the Ministry of External Affairs, till May 2021, India has shipped 663.698 lakhs vaccines to more than 90 countries across the globe. With the abundance of vaccines available in India, there was a spike in demand for dry ice, which boosted the market growth of the India dry ice market.
Rising Demand for Dry Ice in New and Diverse Industrial Applications Driving the Market Forward
The growing popularity of dry ice blast cleaning in a range of manufacturing applications is a major factor driving the growth of the India dry ice market. It is increasingly used in medical and biotechnology, as well as the automotive industry, industrial manufacturing, and the food and beverage industries. In the medical field, it is widely used to ship food and specimens, organs, blood, and pharmacy items. It can even be deployed in food production. As the most recent innovation in the product, dry ice in the form of rice has undoubtedly proven to be a game-changer. The Indian dry ice market is being boosted by an increase in the number of uses of dry ice.
The emergence of the processed food market in India has also propelled the growth of the India dry ice market. The food processing industry, according to the India Brand Brief Foundation, is one of India's largest industries, ranking fifth in terms of output, consumption, and exports. Additionally, India's food processing industry is anticipated to be worth more than half a trillion dollars by 2025.
Dry Ice Used for Storing Drugs and Vaccine Proving Favorable for Market Growth
Dry ice has three times the cooling power of water ice; it sublimates without leaving any residue and is non-toxic and non-flammable. These are the key properties of dry ice for which it is increasingly used for storing drugs and vaccines. As the world fights COVID-19, prominent pharmaceutical companies have begun distributing vaccines to other countries. As the distribution of COVID-19 vaccines starts rolling out across the globe, dry ice has become a hot commodity. These ultra-cold blocks of carbon dioxide, measuring minus 109 degrees Fahrenheit, are required for storing temperamental vaccinations at the proper temperature, fueling the India dry ice market's growth.
Dry ice is considered the absolute star of the COVID-19 pandemic as it facilitates the smooth transportation of vaccines around the globe. As India is the largest manufacturer of vaccines in the world, India is helping out different countries by supplying vaccines. Pzifer and BioNTech SE vaccines require a temperature range of -112 to -76 degrees Celsius to maintain their quality. This optimal temperature is only achievable using dry ice. Thus, the increasing use of dry ice in vaccine storage has been propelling the growth of the India dry ice market.
Cleaning Type Segment in India Dry Ice Market caters to The Largest Share
The cleaning type segment held the largest market share in 2020 and is likely to maintain its dominance during the forecast period as well as it reduces the usage of dangerous chemicals, eliminates waste, and is environmentally beneficial. The printing industry widely recognizes cleaning type as the most efficient and fastest way for cleaning presses and associated equipment like drums, grippers, rollers, ink trays, gears, print decks, and so on. It also helps remove grease, paper dust, hot melt adhesive, oil, and glue, which in turn is propelling the growth of the India dry ice market.
India Dry Ice Market: Regional Insights
The India dry ice market is segmented into Eastern India, Northern India, Southern India, Western India region. Western India dominates the India dry ice market and is likely to maintain its dominance even during the forecast period. Because the entertainment industry conducts the majority of stage shows in the Western part of India in order to create snow clouds and low-lying fog effects, the western region is leading the market across the country. Besides this, an upsurge in demand for dry ice in the industrial sector, transportation, and health care is also fueling the growth of the dry ice market in the region. Furthermore, there are 62 prospective food processing facilities in India, with Maharashtra accounting for the greatest number of projects under construction, presenting a profitable opportunity for the dry ice market in India.
Impact of COVID-19
The COVID-19 pandemic has caused havoc across industries. Several countries, including India went under lockdown to curb the spread of the deadly coronavirus. Moreover, the manufacturing units went under temporary suspension of operations due to lockdown restrictions and social distancing norms. Besides this, the suspension of operation created an imbalance over demand and supply. Moreover, there was a disruption in the supply chain as well due to nationwide lockdown. Nevertheless, the dry ice market was positively impacted due to lockdown and work-from-home scenarios. As the demand for ready-to-eat and packaged foods such as meat, frozen desserts, and snacks grew in India during the lockdown phase, the demand for dry ice demand also grew exponentially.
The Leading Players in The India Dry Ice Market are Sigcil India, Tripti Dry Ice, Yara International, S.R Industrial Dry Ice, South India gases & Dry Ice, PR Traders, Dhillon Dairy & Ice Factory, Anand Ice Depot, Kavery Dry Ice, Manav Gases Pvt Ltd, Polarice Dry Ice, Linde Industrial Gases, Air Water Carbonic, Praxair, Messer Group, Polar Ice, Continental Carbonic, and other prominent players. Competition in the market is driven by the quality of the products on offer and the cost-effective manufacturing processes that can increase productivity and reduce costs.
Recent Developments
In June 2021, The Indian Council of Medical Research proposed delivering vaccines through drones in various parts of the country. The main areas of the target were the remote areas and difficult to reach geographies of India. This collaboration has been done with IIT-Kanpur. Vaccines are sent via drone in an icebox with ample dry ice to maintain a safe temperature for COVID-19 vaccines. These boxes will have 4G network connectivity to support the tracker through a mobile application.
Don’t miss the business opportunity of India dry Ice market. Consult our analyst, gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India dry ice market size & forecast. The report promises to provide recent technology trends of India dry ice market and industry insights which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges and competitive dynamics of the market.
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BREAKING:FG Lists NIN Enrolment Centres Nationwide.
New Post has been published on https://thebiafrastar.com/breakingfg-lists-nin-enrolment-centres-nationwide/
BREAKING:FG Lists NIN Enrolment Centres Nationwide.
The Federal Government has approved 173 centres and 30 state government institutions for the National Identity Number enrolment across Nigeria.
This was contained in a public notice on the website of the National Identity Management Commission titled, ‘ Approved Data Capturing Agents ( Digital Identity Ecosystem)’ on Wednesday.
The Nigerian Communications Commission had recently asked telecommunication service subscribers to block SIM cards not registered with NIN after two weeks.
However , the House of Representatives has asked the Federal Government to extend the deadline for the provision of NIN by telcos to 10 weeks.
The House, at the plenary on Wednesday , described the two weeks given to SIM card users by the Nigerian Communications Commission to provide their NIN to service providers as grossly inadequate .
The notice read , “ The Honorable Minister of Communications and Digital Economy , Dr . Isa Ali Ibrahim ( Pantami ) , has approved the licensing of 173 Agents and 30 State Governments/Public Sector Institutions to conduct enrolment of all persons including legal residents into the National Identity Database on behalf of the National Identity Management Commission .
“ Pursuant to the above , find the list of all the successful firms who satisfied all the evaluation criteria as stated in the Advert for the Expression of Interest ( EOI) of each of the respective categories in full .
The Commission congratulates all those who have been cleared to conduct enrollment of all persons on behalf of NIMC for data capture services .
CATEGORY A : PRIVATE LIMITED LIABILITY COMPANY
1. Adebola Sobanjo Company Ltd
2. Afritech Multiconcept Ltd
3. Airtel Network Limited
4. Aliph Technologies Ltd
5. Amex West Africa Ltd
6. AndyzInegrated Services Ltd
7. Atl Activate Tech Limited
8. Basaleh Global Services Ltd
9. Basmak Technologies Ltd
10. Bellokano . Com Ltd
11. Beu – Synergy Solutions Ltd
12. Biosec Solutions Ltd
13. Biosecureone Ltd
14. Blackstones Engineering Ltd
15. Citizen Helpline Ltd
16. Cobaz Projects Ltd
17. Cynox IT Ltd
18. Dantata Universal Services Nig Ltd
19. Datamining Company Ltd
20. Datees Global Concept Ltd
21. DavedestInegrated Service Ltd
22. Dune Engineering & Construction Ltd
23. Electronic Payplus Ltd
24. Estabet Synergy Ltd
25. Emerging Markets Telecommunications Services Limited ( 9Mobile )
26. Etranzact
27. File Solutions Limited
28. Fingertips Enterprises Int . Partners Ltd
29. FlexisafEdusoft Ltd
30. Globacom Limited
31. Greenmozis Ltd
32. Hunter & Cook Ltd
33. Ibolda Health International Ltd
34. Interra Networks Ltd
35. Jetlink Limited
36. Joeson Consult Ltd
37. Joma Investments Ltd
38. Juads Technologies Ltd
39. Kevone Consult Ltd
40. Khahus Consulting Solutions Ltd
41. Kimberely Matt Nig Ltd
42. Knowledge Resource Ltd
43. Knowledge Square Foresight Ltd
44. Kruggerbrent & Co Ltd
45. Lasventures Global Services Ltd
46. Laukamz & Co Ltd
47. Leema Investment Nig Ltd
48. Lexington Technologies
49. Liviasoft Technologies Ltd
50. MTN Nigeria Communications Plc .
51. Multibase Investment Ltd
52. Nehemic Nig Ltd
53. Ninto Company Nigeria Limited
54. Nolia Consult Ltd
55. Nouveltech Ltd
56. NQLB Nig Ltd
57. Office Machines Nigeria Limited
58. Pandus Powell ’s Nig Ltd
59. Paychex International
60. Payvision Plus Nig Ltd
61. Pen Prime Ltd
62. Phase Point Platforms Ltd
63. Pyrich Group Ltd
64. Research and Data Solutions Ltd
65. Rhino Niger Networks Ltd
66. Samuiky Global Ltd
67. Sanstonz Consultancy Services Ltd
68. Seamfix Nig Ltd
69. Service Management Consultancy Ltd
70. Slogani Consults Nig Ltd
71. Socket Works Ltd
72. Softcom Ltd
73. Solcorn Technologies Ltd
74. Succesory Nig Ltd
75. Tech Systems Ltd
76. Tenece Professional Services Ltd
77. Thrixes Technologies Ltd
78. Unified Payment Services Ltd
79. Vantage Management Consultancy Ltd
80. VDT Communications Ltd
81. Verifix Concept Ltd
82. Verifyme Nig Ltd
83. Verse It Ltd
84. Volsus Energy Ltd
85. Xptech Power Ltd
86. YWC Technologies Ltd
87. Zebra Multi Services Ltd
CATEGORY B: NON -GOVERNMENTAL ORGANIZATION AND CIVIL SOCIETY ORGANIZATIONS
1. Africa Youth Growth Foundation
2. An Nadaa Educational Foundation
3. Arrida Relief Foundation
4. Excellent World Foundation
5. Hadejia Ina Mafita Initiative Community Based Organization
6. Mimido Initiative & Development
7. Murna Foundation
CATEGORY C : START- UP COMPANIES AND SMALL, MEDIUM ENTERPRISES
S/ N NAME
1. AA & T Consulting Services
2. Agile Talata Enterprise Ltd
3. Andy Links GPS Data Tracking Services Ltd
4. Avas Tech Ltd
5. Azera Data Ltd
6. Babalola Olawale & Kadeba Ayodele Globacom Office
7. Data Formula Global Concept Ltd
8. De Blue Shangarilla Limited
9. Digidynamics Technologies Ltd
10. Dtrexx Continental Services Ltd
11. Ebe Data Services Ltd
12. Ekuleku Innovation System Ltd
13. Emjeh Multi- Investment Ltd
14. Gefau Global Services Limited
15. Grayhart Ltd
16. Improved Data Solutions & Information Technology Ltd
17. Joreal Nigeria Limited
18. J – Mech Distribution Ltd
19. Kable Premium Hub Ltd
20. Kamanda Global ICT International Nigeria Limited
21. Kasu Global Consult Ltd
22. Layonas Engineering Nig . Ltd
23. Legelege Entries & Travs Ltd
24. Linx Spatial Systems Ltd
25. Moriah Rock International Ltd
26. Napi Technologies Ltd
27. OAR College of Health & Technology
28. Omokhoje Sam- Jegede & Co
29. Pomade Consulting Ltd
30. Oridum Limited
31. Prestigious ICT Investment Ltd
32. Prioclen Limited
33. Primeage Success Team Ltd
34. Randaframes Engineering
35. Rayons D’ or Ltd
36. Reffi Global Ltd
37. Rovins Global Services Ltd
38. Ruks Enterprise International Global Ltd
39. Sabon Sara ICT Global Concept
40. Seas Data Resources Ltd
41. Simpson Ventures Limited
42. Spaceblog Technologies Ltd
43. Spherical GIS & RS Ltd
44. TBL Quantum Digital Tech Ltd
45. Teenth Integrated Global Services Ltd
46. UGS Technologies Ltd
CATEGORY D : SMALL, MEDIUM ENTERPRISES SMES ( B 1)
1. A .F . Partnership
2. AA & MM Masterclass Enterprises
3. Abuchi Ed Ogbuchi & Co
4. Adeoye & Associates
5. Ajiboye Adeoye & Co
6. Best Internet Café
7. Bin Khalifa Global Resources
8. Friends Café & Gen Printing Services
9. Fx -Keyplus Concepts
10. Gomfid Multi Services
11. Himbell Company Ltd
12. Hub House Global Limited
13. IsahNguru Ventures
14. Jibyes Consulting
15. Jubilee Computers and Logistics
16. Kayode Ogunro & Company
17. Lukadol & Associates Ltd
18. Maydan Associates
19. Miandkay Enterprises
20. Micropro Global Comm
21. N . A . Samuelson Business Consult
22. New Age Computer CBT Enterprises
23. OAR Educational Services & Innovation Centre Ltd
24. Olusuyi Agboola & Co
25. Parity – Bit Systems
26. Pentium Paul Ltd
27. Primetouch Computers
28. Real Positive Friends
29. Stanford Exclusive Associates Ltd
30. Taju Audu & Company
31. Theo ICT Integrated
32. Yudee Integrated Resources
33. Zincom Technology
PUBLIC SECTOR INSTITUTIONS – STATE GOVERNMENTS
1. Abia State Government
2. Adamawa State Ministry of Special Duties
3. Akwa Ibom State Ministry of Science & Technology
4. Cross River State Government
5. Delta State Ministry of Economic Planning
6. Ebonyi State Ministry of Information & State Orientation
7. Gombe State Government
8. Lagos State Residents Registration Agency
9. Kaduna State Residents Registration Agency
10. Katsina State Institute of Technology and Management
11. Kano State Ministry of Special Duties
12. Nigeria Postal Service
13. Ogun State Government
14. Oyo State Ministry of Finance
15. Sokoto Investment Company Limited
16. Zamfara State Government
PUBLIC SECTOR ORGANIZATIONS
1. Abuja Enterprise Agency
2. Central Bank of Nigeria (Nigeria Inter – Bank Settlement Systems
Plc )
3. Corporate Affairs Commission
4. Defence Space Administration
5. Economic and Financial Crimes Commission
6. Independent National Electoral Commission
7. Joint Tax Board
8. Military Pensions Board
9. National Agricultural Extension & Research Liaison Services
10. National Commission for Refugees , Migrants & Internally
Displaced Persons
11. National Health Insurance Scheme
12. National Pension Commission Nigeria Communications
Commission
13. National Population Commission
14. Nigerian Postal Service
FG lists NIN enrolment centres nationwide
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