2025-2034 Cold Chain Tracking And Monitoring Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Cold Chain Tracking And Monitoring Market Through 2025?
The market size for cold chain tracking and monitoring has seen a swift expansion in the past few years. The market size, which was at $7.03 billion in 2024, is set to escalate to $8 billion in 2025, yielding a compound annual growth rate (CAGR) of 13.7%. The past growth can be linked to the globalization of supply chains, strict regulatory standards, increasing demand for perishable goods, and an emphasised focus on food safety.

What's the Projected Size of the Global Cold Chain Tracking And Monitoring Market by 2029?
In the forthcoming years, the market size for cold chain tracking and monitoring is set to experience an accelerated growth, reaching a worth of $13.95 billion in 2029 with a 14.9% CAGR. This growth in the predicted timeline could be credited to the increase in e-commerce activity in the food and pharmaceutical areas, complexity in supply chains mounting, expansion of the pharmaceutical industry, a focused approach towards sustainability and environmental effects, and the transformation driven by the pandemic in healthcare logistics. The forecast period will see major trends such as environmental sustainability, concerns regarding data security, collaborations and partnerships, and real-time visibility and data analysis.

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Top Growth Drivers in the Cold Chain Tracking And Monitoring Industry: What's Accelerating the Market?
The growth of the cold chain tracking and monitoring market is likely to be driven by the escalating consumer demand for food and beverages. These terms broadly encompass an extensive array of goods, sectors and economic activities such as manufacturing, processing, supplying, and consumption of food and drink items. Robust tracking and monitoring processes in the cold chain can ensure the safe, fresh and superior quality delivery of these products to customers. Citing an instance from April 2022, a report from Common Thread Collective, a noted American e-commerce development agency, highlighted that global food and beverage sales witnessed a rise, jumping from $435.3 billion in 2021 to $506 billion in 2022. In addition, the international food and beverage sales are projected to soar to $857 billion by 2025. Therefore, this escalating demand for food and beverages is fuelling the expansion of the cold chain tracking and monitoring market.

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What Trends Will Shape the Cold Chain Tracking And Monitoring Market Through 2029 and Beyond?
Innovations in technology are becoming an increasingly significant trend in the cold chain tracking and monitoring market. In order to maintain their market standing, leading companies in this industry are embracing new technologies. Taking Tridentify as an example, this MedTech company based in Sweden unveiled a real-time cold chain tracking system in May 2023. This pioneering technology provides a comprehensive view of the stability and remaining shelf life of pharmaceutical products in real-time. With the launch of this new system, Tridentify is revolutionising the sector by giving businesses the means to monitor their operations and the stability of their shipments in real-time. The novel solution allows for accurate and real-time evaluations of a shipment, helping businesses make decisions based on data. The system is ingeniously created, integrating state-of-the-art technology such as high-end sensors and machine-learning algorithms to aid with system monitoring.

What Are the Main Segments in the Cold Chain Tracking And Monitoring Market?
The cold chain tracking and monitoring market covered in this report is segmented -

1) By System: Software, Hardware
2) By Solution: Storage, Transportation
3) By End User: Healthcare, Pharmaceuticals, Food And Beverages, Chemicals, Other End Users

Subsegments:
1) By Software: Cloud-Based Software, On-Premises Software, Mobile Applications, Data Analytics Tools
2) By Hardware: Temperature Loggers, RFID Tags, GPS Tracking Devices, Sensors (Temperature, Humidity, Pressure), Monitoring Devices (Data Loggers, Alarm Systems)

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Which Top Companies are Driving Growth in the Cold Chain Tracking And Monitoring Market?
Major companies operating in the cold chain tracking and monitoring market include Carrier Global Corporation, Emerson Electric Co., AmeriCold Logistics LLC, Lineage Logistics LLC, Digi International Inc., ORBCOMM Inc., Cryoport Inc., Controlant AGM, Sensitech Inc., SpotSee Holdings LLC, ELPRO-BUCHS AG, Berlinger & Co AG, Hanwell Solutions Ltd., Tippmann Group, Cryopak Industries Inc., Savi Technology Inc., Rotronic AG, Maven Systems Pvt. Ltd., Klinge Corporation, Monnit Corporation, LogTag Recorders Ltd., Testo SE & Co. KGaA, Verigo, BT9 Ltd., Zest Labs Inc., Blulog, Gemini Data Loggers UK Ltd., Intelleflex Corporation, Infratab Inc.

Which Regions Will Dominate the Cold Chain Tracking And Monitoring Market Through 2029?
North America was the largest region in the cold chain tracking and monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cold chain tracking and monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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