Cold Chain Logistics Market to Record 13.2% CAGR Growth Through 2029 | Global Analysis Report

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Cold Chain Logistics Market Outlook: How is the Market Expected to Grow by 2025?
The expansion of the cold chain logistics market has been quite impressive in the past few years. Currently, it is projected to escalate from $287.07 billion in 2024 to $325.68 billion in 2025, at a compound annual growth rate (CAGR) of 13.4%. The monumental growth witnessed in the past has been influenced by factors such as increased demand for perishable food items, rise in the distribution of pharmaceutical products and vaccines, the growth of e-commerce in food and grocery delivery, and a surge in investments towards cold storage infrastructure.

Cold Chain Logistics Market Forecast: What Size Will It Reach By 2029?
Forecasting rapid expansion in the upcoming years, the cold chain logistics market is projected to reach a value of $535.21 billion by 2029, with a compound annual growth rate (CAGR) of 13.2%. This growth during the forecast period is linked to factors such as increased regulatory standards for product safety and quality, expanding urbanization and middle-class populace, heightened international trade of goods that require temperature control, and a surge in healthcare expenditure coupled with a growing elderly population. The period of prediction encompasses major trends like innovative methods for last-mile delivery, advances in cooling technology, the assimilation of IoT, machine learning for enhancing route optimization, and intelligent packaging featuring embedded sensors.

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What Are the Strategic Drivers Boosting Cold Chain Logistics Market Performance?
The growth of the cold chain logistics market is anticipated to be fueled by the expanding e-commerce activities. Electronic commerce, or e-commerce, involves transactions over the internet, including the online buying and selling of goods or services, digital payments, and the transfer of data electronically between businesses, consumers, or governments. The convenience of shopping from home due to our busy lives is causing an increase in e-commerce activities. Cold chain logistics support e-commerce by ensuring that temperature-sensitive products are transported under controlled conditions to preserve their freshness and safety during delivery. For instance, the U.S. retail e-commerce sales for the second quarter of 2024, according to the United States Census Bureau, a U.S - based government agency, were estimated at $282.3 billion, which was a 5.3% rise over the first quarter of 2023. Thus, the burgeoning activity in e-commerce propels the growth of the cold chain logistics market.

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What Are the High-Growth Segments in the Cold Chain Logistics Market?
The cold chain logistics market covered in this report is segmented -

1) By Type: Refrigerated Warehouses, Refrigerated Transportation
2) By Process: Pre-Cooling Facilities, Cold Storage, Refrigerated Carriers, Packaging, Information Management System
3) By Technology: Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Quilts
4) By Temperature Type: Frozen, Chilled
5) By Application: Fruits And Vegetables, Fish, Meat, And Seafood, Dairy And Frozen Desserts, Bakery And Confectionery, Processed Food, Pharmaceuticals, Other Applications

Subsegments:

1) By Refrigerated Warehouses: Frozen Storage, Chilled Storage, Automated Cold Storage, Dedicated Warehouses, Multi-Client Warehouses
2) By Refrigerated Transportation: Refrigerated Trucks, Refrigerated Railcars, Refrigerated Ships, Air Cargo, Intermodal Transportation

Which Global Trends Are Driving Cold Chain Logistics Market Expansion?
Top corporations in the cold chain logistics market are making strides in technological progress, centering their efforts on creating logistics services directed by strategic and technological advancements. This approach primarily aims to boost temperature regulation, enhance transparency, and escalate overall supply chain proficiency. Services driven by strategy and technology encompass the utilization of state-of-the-art technologies and data-oriented tactics to fine-tune cold chain procedures, strengthen real-time transparency, and guarantee safe, competent transportation of products vulnerable to temperature changes. For example, Snowman Logistics Limited, a cold chain logistics firm based in India, rolled out Fifth-Party Logistics (5PL) services in October 2022. This service merges end-to-end supply chain supervision, delivering scalability, expense reduction, and improved proficiency by leveraging cutting-edge technologies. This enables firms to concentrate on primary tasks while assuring orderly logistics processes across an array of markets and sectors.

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Who Are the Fastest-Growing Companies in the Cold Chain Logistics Industry?
Major companies operating in the cold chain logistics market are DHL International GmbH, United Parcel Service Incorporated, Mærsk A/S, C.H. Robinson Worldwide Incorporated, Deutsche Bahn Schenker AG, Lineage Logistics Holdings LLC, AmeriCold Logistics LLC, Fritz SchäFer GmbH, VersaCold Logistics Services, OOCL Logistics Limited, Comfrio Soluções Logísticas S.A., NewCold Coöperatief UA, Burris Logistics Incorporated, AGRO Merchants Group LLC, Congebec Logistics Inc., Friozem Armazens Frigorificos Ltda, CEVA Logistics SA, Localfrio S.A., Frialsa Frigorificos SA, Conestoga Cold Storage Limited

What Is the Regional Outlook for the Cold Chain Logistics Market by 2029?
North America was the largest region in the cold chain logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cold chain logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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