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A recent report published by Infinium Global Research on cold chain logistics market provides in-depth analysis of segments and sub-segments in the global as well as regional cold chain logistics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cold chain logistics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global cold chain logistics market.
Cold chain logistics is the process of transporting and storing temperature-sensitive products under controlled conditions to ensure their quality and integrity throughout the supply chain. This cold chain logistics process is crucial for perishable goods that require specific temperature arrays to maintain their efficacy, safety, and freshness from production to consumption. Products such as seafood, agricultural goods, fruits, frozen foods, vegetables, chemicals, photographic films, dairy items, and pharmaceutical drugs are the various products requiring cold chain logistics. Air cargo, refrigerated trucks, railcars, and cargo are the various transportation modes that are used for supplying these perishable products. Moreover, cold chain logistics play a vital role in maintaining product quality and freshness, avoiding overcapacity, extending marketing, and minimizing transport blockages during peak periods. It also helps in reducing the wastage of perishable products and commodities, thereby improving profitability.
The expansion of the pharmaceutical industry is boosting the cold chain logistics market, as this industry relies mostly on cold chain logistics to safeguard the efficacy and safety of its products, such as drugs, vaccines, biologics, and others. These products are highly sensitive to temperature disparities and require proper storage and transportation under controlled conditions throughout their entire supply chain processes. For instance, vaccines require specific temperature requirements ranging from 2 to 8 °C to maintain their effectiveness and potency. Biologics deriving from living organisms are sensitive and require very low temperatures as well as precise humidity to control their degradation.
Rising consumer demand for perishable goods is driving the cold chain logistics market as consumers are conscious about their dietary health and food choices including quality, freshness, and nutritional value which has led to the growing demand for perishable goods as cold chain logistics playing a pivotal role in ensuring these products' storage and supply from the factories to the consumers by preserving their quality, and freshness. Additionally, urbanization and the growth of e-commerce play crucial roles in driving the demand for cold chain logistics as urban populations with their busy lifestyles and limited access to fresh produce markets, rely heavily on supermarkets, grocery stores, and online platforms for their food supply. Cold chain logistics enable efficient distribution networks that provide urban consumer needs for fresh and perishable goods delivered directly to their doorstep. Owing to this, the rising consumer demand for perishable goods is driving the market.
The high costs associated with cold chain logistics may hamper the market's expansion as cold chain logistics systems need specialized infrastructure, including refrigerated storage facilities, temperature-controlled transportation, and monitoring systems. Such infrastructure requires substantial upfront investments and ongoing operational expenses related to energy consumption, maintenance, and compliance with stringent regulatory standards. Moreover, the complexity of managing perishable goods with strict temperature requirements adds to operational costs. These high costs can impact profitability margins, which may not be affordable for small and medium-sized businesses, hampering market growth.
Technological advancements such as data analytics and others enhance the management, monitoring, and optimization of temperature-sensitive goods throughout the supply chain and logistics. The adoption of data analytics and predictive modeling in cold chain logistics enables better decision-making and resource allocation and helps in optimizing routes, minimizing transportation delays, and reducing energy consumption. The integration of advanced temperature monitoring systems and devices allows real-time tracking of perishable goods. These sensors provide precise temperature readings at multiple points during transportation and storage, enabling proactive management of temperature deviations and ensuring compliance with regulatory standards. This capability reduces the risk of product spoilage and enhances operational transparency and accountability. Moreover, advancements in refrigeration technology lead to more energy-efficient and environmentally sustainable cold chain solutions. Innovations such as eco-friendly refrigerants and hybrid refrigeration systems reduce greenhouse gas emissions and operational costs while maintaining temperature control integrity. These advancements create numerous opportunities for the cold chain logistics market.
North America is anticipated to dominate the cold chain logistics market, mainly in countries such as Canada and the United States, owing to the mounting demand for organic food owing to rapid urbanization and a surge in adopting a healthy dietary lifestyle. Moreover, Canada has substantial fish zones, which anticipates the growth of cold chain logistics in the region. The United States is expected to have the highest contribution to the market owing to the stringent government regulations and growing demand for packaged food. Asia Pacific is expected to be the fastest-growing region during the forecast owing to rising demand for frozen food, processed food, and pharmaceuticals in the region. Additionally, the increase in disposable income in developing countries, such as China and India, is also boosting the cold chain logistics market in the region. Moreover, China has witnessed a transition in the consumption of food, which primarily includes meat, aquatic products, fruits and vegetables, and dairy products.
| Report Coverage | Details |
|---|---|
| Market Size in 2023 | USD 289.14 Billion |
| Market Size by 2032 | USD 901.37 Billion |
| Growth Rate from 2024 to 2032 | CAGR of 13.48% |
| Largest Market | North America |
| No. of Pages | 255 |
| Market Drivers |
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| Market Segmentation | By Type, By Temperature, and By Application |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global cold chain logistics market provides a detailed analysis of segments in the market based on Type, Temperature, and Application.
· Refrigerated Transport
o Roadways
o Railways
o Airways
o Waterways
· Refrigerated Warehouse
· Chilled
· Frozen
· Fruits & Vegetables
· Bakery & Confectionary
· Dairy & Frozen Desserts
· Meat, Fish & Sea Food
· Drugs & Pharmaceuticals
· Others
· Lineage, Inc.
· Americold Logistics, Inc.
· United States Cold Storage
· NewCold
· VersaCold Logistics Services
· CONESTOGA COLD STORAGE
· Tippmann Group
· CONGEBEC
· Interstate Cold Storage, Inc.
· Burris Logistics
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the cold chain logistics market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.