Perishable Goods Transportation Global Market Trends : is Projected to Surpass $20.41 Billion at a CAGR of 8.3% By 2028 | Wincanton PLC, Stevens Transport Inc., Swift Cargo Pvt Ltd., Geest Line Limited, FST Logisitics

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Perishable Goods Transportation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $20.41 billion In 2028 At A CAGR Of 8.3% :

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.

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Perishable Goods Transportation Market Major 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 Driver - 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.

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Prominent Trend - 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.

Perishable Goods Transportation Market Players
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

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Largest And Fastest Growing Region In The Market
North America was the largest region in the perishable goods transportation market in 2023. The regions covered in the perishable goods transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Perishable Goods Transportation Market Report Structure
3. Perishable Goods Transportation Market Trends And Strategies
4. Perishable Goods Transportation Market - Macro Economic Scenario
5. Perishable Goods Transportation Market Size And Growth
…..
27. Perishable Goods Transportation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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