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 analysis, share, trends, and business opportunities. 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 temperature-controlled supply chain process employed to maintain the quality of perishable goods from the point of origin to the point of consumption. This specialized logistics system is critical for the storage and transportation of products such as pharmaceuticals, frozen food, fresh produce, and chemicals that require specific temperature and humidity levels. There are various components to cold chain logistics, including refrigerated warehousing, refrigerated transportation, and real-time monitoring. Types of cold chain logistics can be categorized based on their applications, such as food and beverages, pharmaceuticals, and chemicals. The advantages of effective cold chain logistics are manifold. It extends the shelf life of perishable goods, maintains product integrity, and ensures safety and compliance with regulatory standards. Additionally, it plays a crucial role in reducing waste and improving the efficiency of supply chain operations, thereby contributing to both environmental sustainability and profitability.
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Cold Chain Logistics Market Trends:
The global cold chain logistics market is majorly driven by the increasing global trade of perishable goods and pharmaceuticals. With globalization, the need for robust cold chain logistics to facilitate cross-border trade is becoming increasingly essential. Another key driver is the growing consumer demand for fresh and quality products, which is leading retailers and producers to invest in advanced cold chain solutions. Along with this, technological innovations are also playing a pivotal role; the integration of IoT and blockchain technology into cold chain systems allows for real-time tracking, traceability, and monitoring, further boosting market growth. In addition, stricter regulatory frameworks related to the quality and safety of perishable items are compelling companies to adopt reliable cold-chain logistics solutions. Furthermore, consumer preferences, technological advancements, and regulatory requirements are creating a positive market outlook.
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.
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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.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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