IMARC Group’s latest report, titled “Cold Chain Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, provides an extensive analysis of the industry, including cold chain logistics market share report. The report also covers competitor and regional analysis and the latest advancements in the global market.
The global cold chain logistics market size reached US$ 258.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 774.2 Billion by 2032, exhibiting a growth rate (CAGR) of 12.96% during 2024-2032.
Cold Chain Logistics Market Overview:
Cold chain logistics refers to the management and transportation of temperature-sensitive products, such as perishable foods, pharmaceuticals, and vaccines, in a controlled environment. This specialized supply chain ensures that products maintain their required temperature throughout storage and transportation to preserve their quality, safety, and efficacy. Cold chain logistics involves the use of refrigerated trucks, warehouses, and storage facilities equipped with temperature monitoring and control systems. Additionally, stringent regulations, standards, and protocols govern cold chain operations to ensure compliance with quality and safety requirements. Effective cold chain logistics play a crucial role in safeguarding the integrity of perishable goods, minimizing spoilage, and mitigating the risk of contamination, thereby facilitating global trade and ensuring the availability of essential products to consumers worldwide.
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Cold Chain Logistics Market Trends:
The global market is majorly driven by the increasing demand for perishable goods, including fresh produce, dairy products, pharmaceuticals, and vaccines. As global trade and consumer preferences evolve, there is a growing requirement for reliable transportation and storage of temperature-sensitive products to maintain their quality and safety. Besides, stringent regulations and quality standards imposed by regulatory authorities and industry bodies mandate the implementation of robust cold chain logistics practices. Compliance with these standards is essential to ensure product integrity, minimize spoilage, and mitigate the risk of contamination throughout the supply chain.
Thirdly, technological advancements and innovations in refrigeration systems, temperature monitoring devices, and packaging materials enhance the efficiency and effectiveness of cold chain logistics operations. These advancements enable real-time monitoring of temperature conditions, remote management of logistics processes, and optimization of energy consumption, thereby improving overall supply chain performance. Additionally, the expansion of e-commerce and the increasing adoption of online grocery shopping contribute to the growth of the cold chain logistics market. With consumers demanding faster delivery times and fresher products, there is a heightened need for cold chain solutions capable of meeting these requirements while maintaining product quality and safety. Moreover, the growing focus on sustainability and environmental responsibility drives the adoption of eco-friendly cold chain practices, such as the use of alternative refrigerants and energy-efficient transportation modes, further shaping the market landscape.
Competitive Landscape with Key Players:
- Americold Realty Trust Inc
- Burris Logistics Co
- Cold Box Express Inc
- Conestoga Cold Storage
- Congebec Inc
- Lineage Logistics Holdings LLC (Bay Grove Capital Group LC)
- Nichirei Logistics Group Inc. (Nichirei Corporation)
- Snowman Logistics Ltd
- Tippmann Group
- United States Cold Storage Inc. (John Swire & Sons Ltd.)
- VersaCold Logistics Services
Key Market Segmentation:
Breakup by Type:
- Refrigerated Warehouses
- Refrigerated Transportation
- Railways
- Airways
- Roadways
- Waterways
Breakup by Application:
- Fruits and Vegetables
- Bakery and Confectionary
- Dairy and Frozen Desserts
- Meat, Fish, and Sea Food
- Drugs and Pharmaceuticals
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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