Cold Chain Market Share, Size, Type, Demand, Overview Analysis, Trends, Opportunities, Key Growth, Development and Forecasts 2023 to 2032

The global cold chain market size was valued at USD 279.94 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 18.6% from 2023 to 2030.

Due to the growing need for cold chain storage facilities around the world to safely and effectively handle temperature-sensitive items, the global cold chain logistics market has experienced rapid growth. Additionally, the expansion of the pharmaceutical industry is anticipated to fuel the expansion of the market for cold chain logistics. The market is comprehensively evaluated in the study on the global cold chain logistics industry. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

The technology and procedures that make it possible for temperature-sensitive commodities and products to be safely transported along the supply chain using thermal and chilled packing techniques are referred to as "cold chain logistics." To preserve the quality of perishable foods and products, this technology is crucial. Foods including meat and seafood, produce, medications, and medical equipment could all fall under this category.

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Global Cold Chain Logistics Market Overview

The key element for the expansion of the worldwide cold chain logistics market is the rising demand for cold chain storage facilities as well as the expanding range of frozen goods including ice cream, meat, and seafood. An optimistic sign for the expansion of cold chain logistics in the food business is the rising acceptance rate of packaged food and beverage items. The demand for cold chain logistics to store temperature-sensitive items is being driven by the government's efforts to reduce food waste and the growing liberalisation of international trade. Furthermore, the market for cold chain logistics is expanding due to the growing emphasis on storage development. Additionally, as new technologies advance, the use of cold chain logistics in the food and beverage industry aids in preventing the degradation of food calibre. The market will be driven by this over the forecast period.

However, the cold chain logistics sector's daily operations necessitate high electricity consumption. As a result of the rise in energy costs, cold chain service providers find it difficult to cut their operating expenses. The market for cold chain logistics is therefore expected to grow slowly due to the high operational costs. The nature and versatility of the available cold warehouse space is currently a major problem for the Cold Chain Logistics Market, which faces considerable challenges due to the lack of standards and accreditations. Nevertheless, during the forecast period, this market will experience new opportunities due to the rising demand for liquid nitrogen and temperature monitoring devices.

This cold chain market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Cold Chain market contact Analytics Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Market Segmentation:

The cold chain market can be segmented based on the type of product, service, temperature range, and end-use industry.

By product type: The market can be segmented into two categories, namely refrigerated storage and refrigerated transport.
By service: The market can be segmented into two categories, namely transportation and storage. Transportation includes road, air, sea, and rail. Storage includes warehouses, cold storage, and others.
By temperature range: The market can be segmented into four categories, namely chilled, frozen, deep frozen, and ambient.
By end-use industry: The market can be segmented into food and beverage, pharmaceuticals, and others. The food and beverage industry includes dairy products, fruits and vegetables, meat, poultry and seafood, and others. The pharmaceutical industry includes vaccines, biologics, and others.
Overall, the food and beverage industry is the largest end-use segment for cold chain logistics, accounting for a significant portion of the market. The pharmaceutical industry is also growing rapidly, driven by the increasing demand for temperature-sensitive drugs and vaccines. The transportation segment is the largest service segment, while the frozen temperature range is the most widely used for cold chain logistics.

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Competitive Landscape:

The global cold chain market is highly fragmented and competitive, with a large number of players operating in the market. Some of the key players in the market include:

Americold Logistics
Lineage Logistics
United Parcel Service of America, Inc.
FedEx Corporation
DHL International GmbH
DB Schenker
Burris Logistics
Nichirei Logistics Group Inc.
Kloosterboer
AGRO Merchants Group
These players are investing heavily in technology and infrastructure to improve the efficiency and effectiveness of their cold chain logistics operations. They are also expanding their geographic presence through strategic partnerships, mergers and acquisitions, and new facility openings to cater to the growing demand for cold chain logistics services across the globe.

In addition to these larger players, there are also several smaller and regional players operating in the market, providing specialized services and catering to local markets. These players often focus on niche markets or industries, such as seafood, dairy, or pharmaceuticals, and differentiate themselves through superior service, technology, or expertise.

Reasons to Purchase this Report -

● Analysing the outlook of the market with the recent trends and SWOT analysis.
● Market dynamics scenario, along with growth opportunities of the market in the years to come.
● Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
● Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
● Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
● Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past years.
● Comprehensive company profiles covering the product offe, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.

FREQUENTLY ASKED QUESTIONS?
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Q7. What are the opportunities in cold chain logistics industry?
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Q10. Who are the global players in cold chain logistics?

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