Deep Frozen Packaging Logistics Market Size, Share, Industry Analysis, Segments And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Deep Frozen Packaging Logistics Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The deep frozen packaging logistics market size has grown strongly in recent years. It will grow from $20.82 billion in 2023 to $22.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growth in the pharmaceutical industry, increased international trade of perishable goods, rise of online grocery shopping and home delivery services, stricter food safety and quality regulations, increased investment in cold chain infrastructure, growing number of clinical trials, increase in agricultural exports requiring deep frozen conditions.

The deep frozen packaging logistics market size is expected to see strong growth in the next few years. It will grow to $31.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to growth in the pharmaceutical industry, demand for eco-friendly and sustainable packaging solutions, investment in research and development, developments in the retail sector, rising healthcare expenditures, growing awareness of food safety and pharmaceutical efficacy. Major trends in the forecast period include advanced insulation technology, implementation of IoT devices for real time monitoring, enhanced use of AI for predictive analytics and optimization, geographical expansion, enhanced use of big data analytics, expansion of cold storage facilities, advanced risk management practices to mitigate disruptions, development of novel packaging materials, integration of various transportation modes.

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Market Drivers and Trends:

The increase in online grocery shopping is expected to propel the growth of the deep-frozen packaging logistics market going forward. Online grocery shopping involves buying groceries through websites and apps. Online grocery shopping is growing due to its convenience, time savings, broad product selection, busy lifestyles, technological advancements, competitive pricing, and improved delivery services. Deep frozen packaging logistics ensure that frozen foods, such as vegetables, meats, and ready-to-eat meals, are kept at low temperatures during transit. This prevents spoilage, maintains nutritional value, and ensures the products reach customers optimally. For instance, in June 2022, the Institute of Grocery Distribution (IGD), a UK-based trade association for food and grocery chains, estimated the value of the UK retail grocery market at $282 billion (£217 billion) and projected it would increase by 11.3% to $313 billion (£241 billion) by 2027. Therefore, the increase in online grocery shopping is driving the growth of the deep-frozen packaging logistics market.

Major companies operating in the deep-frozen packaging logistics market are developing ultra-low temperature-controlled logistics services to meet the stringent requirements of transporting and storing deep-frozen products. Ultra-low temperature-controlled logistics services maintain the integrity and safety of deep-frozen products by ensuring they remain at the required ultra-low temperatures, typically below -60°C, during transportation and storage. For instance, in June 2022, Nippon Express, a Japan-based logistics company, launched an ultra-low temperature-controlled logistics service for the pharmaceutical industry, capable of handling goods requiring temperatures between -20°C and -85°C. This service focuses on the pharmaceutical industry and implements quality control systems and infrastructure improvements globally to meet Good Distribution Practices (GDP) standards.

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Major Key Players of the Market:

Cardinal Health Inc., DHL, United Parcel Service of America Inc., FedEx Corporation, Kuehne + Nagel International AG, Sonoco ThermoSafe, Catalent Inc., Marken, Glatt group, Cryoport Systems LLC, BioLife Solutions Inc., Biocair, CEVA Logistics, va-Q-tec, Envirotainer, Csafe, Peli BioThermal Limited, SkyCell AG, Cryopak, World Courier, Yourway, Intelsius, B.P.L. GmbH, WuliuAir, Chill-Pak.com

Deep Frozen Packaging Logistics Market 2024 Key Insights:

• The deep frozen packaging logistics market size is expected to see strong growth in the next few years. It will grow to $31.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
• Online Grocery Shopping Fuels Growth In Deep Frozen Packaging Logistics Market
• Advancements In Ultra-Low Temperature-Controlled Logistics For Deep Frozen Products
• Europe was the largest region in the deep frozen packaging logistics market in 2023

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