Perishable Goods Transportation Market Analysis: Navigating Cold Chain Logistics, Technology Integration, and Regulatory Compliance for Optimal Supply Chain Management

The perishable goods transportation market size has grown strongly in recent years. It will grow from $13.67 billion in 2023 to $14.86 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to globalization of the food supply chain, rise in consumer demand for fresh produce, expansion of cold chain infrastructure, stringent regulations and quality standards, increasing trade of perishable commodities.

The perishable goods transportation market size is expected to see strong growth in the next few years. It will grow to $20.41 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to continued global food trade growth, focus on sustainability and environmental standards, technological innovations in cold chain management, e-commerce and direct-to-consumer trends, public health concerns and traceability. Major trends in the forecast period include stringent regulatory compliance requirements, collaboration for cold chain logistics optimization, increased demand for last-mile delivery solutions, rise of data analytics for predictive insights, growing globalization of perishable goods trade.

Market Overview -
Perishable goods transportation refers to the transportation of goods that are temperature- or time-sensitive in refrigerated vehicles equipped with a controlled temperature system. They are used to transport goods while maintaining the quality and effectiveness of the goods.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=9172&type=smp

Growing Demand For Processed Food Drives Perishable Goods Transport Market
The rising demand for processed food is expected to propel the growth of the perishable goods transportation market going forward. Processed food refers to food products that have been through a series of mechanical and chemical operations to produce a final product. They are foods that are usually packaged in boxes. Most processed foods are perishable goods that have to be transported quickly and at a certain temperature. Perishable goods transportation is used to transport processed food in refrigerated ships with air circulation systems to ensure the food's freshness. For instance, in 2022, according to an article shared by Soocial, a US-based branding firm specializing in slogans, premium domain names, and brand naming, nearly 36% of Americans consumed ready-to-eat meals in 2020. One in every five people in the UK consumes prepared meals every week. The market share for ready-to-eat food in North America was 41.4% last year. Therefore, the rising demand for processed food is driving the growth of the perishable goods transportation market.

Competitive Landscape -
Major companies operating in the perishable goods transportation market report are UPS Healthcare Logistics Inc., DHL Global Forwarding, Maersk Line Limited, Hapag-Lloyd AG, C. H. Robinson Worldwide Inc., The Nippon Yusen Kabushiki Kaisha- NYK Line, Mitsui O.S.K. Lines Ltd., Kawasaki Kisen Kaisha Ltd., Ingersoll Rand Ltd., Orient Overseas Container Line (OOCL) Ltd., Specialized Logistics International Inc., CRST International Inc., Weber Distribution LLC, Wincanton plc, Northland Services Inc., Stevens Transport Inc., COSCO Shipping Lines Co Ltd., VersaCold Logistics Services, Bay & Bay Transfer Co Inc., Tropical Foods International Inc., Swift Cargo Pvt Ltd., Geest Line Limited, Africa Express Line Limited, Hanson Logistics Ltd., FST Logisitics, Maestro Reefers A/S, Compañía Sudamericana de Vapores S.A. (CSAV), Kyowa Shipping Co Ltd., Transcargo Logistics

Product Innovations Redefining Perishable Goods Transport Market
Product innovations are a key trend gaining popularity in the perishable goods transportation market. Major companies operating in the perishable goods transportation market are focused on developing new technological solutions to strengthen their position. For instance, in September 2022, PBX GmbH, an Austrian-based start-up developer, producer, and marketer of transport refrigeration solutions, launched the first refrigeration unit for electric vehicles, the Ecos M24. It is the first market-ready propane solution for transport refrigeration. The unique feature of this unit is that it is completely electric, hermetic, and has zero emissions. The unit can transport temperature-sensitive perishable goods to their destination reliably and without the emission of any CO2.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/perishable-goods-transportation-global-market-report

Key Segments -

The perishable good transport market covered in this report is segmented -

1) By Product: Meat, Fish and Seafood, Dairy and Frozen Desserts, Vegetables and Fruits, Bakery and Confectionary
2) By Technology: Isothermal, Reefer, Freezer
3) By Mode of Transportation: Sea, Air, Rail, Road

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.