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Unlocking Insights: Global Carbon Dioxide Market Share and Size Trends for 2028


A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Carbon Dioxide Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
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Global Carbon Dioxide Market Insights:
The Global Carbon Dioxide Market is estimated to grow at a CAGR of around 4.87% during the forecast period, i.e., 2023-28.
Global Carbon Dioxide Market Key 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.
Global Carbon Dioxide Market Leading Key Players:
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., Others
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Global Carbon Dioxide Market Segmentation:
Based on Source
- Merchant Liquid & Solid- Market Size & Forecast 2018-2028, (Thousand Tons)
-- By Application
--- Food
--- Beverage
--- Chemical Manufacturing
--- Enhanced Oil Recovery
--- Metal Working and Others
- Merchant Gaseous- Market Size & Forecast 2018-2028, (Thousand Tons)
-- By Application
--- Enhanced Oil Recovery
--- Chemical Manufacturing
--- Agriculture
--- Fire Suppression
--- Others
- Captive- Market Size & Forecast 2018-2028, (Thousand Tons)
-- By Application
--- Enhanced Oil Recovery
--- Fertilizers Production (Urea, etc.)
--- Others
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Global Carbon Dioxide Market Geographical Analysis
By Region
- North America
- Latin America
- Europe
- The Middle East & Africa
- Asia-Pacific
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