Cold Chain Logistics Market total revenue is expected to reach USD 500.28 Bn by 2030 at a CAGR of 7.9 percent

Cold Chain Logistics Market was valued at USD 293.81 Bn. in 2023, and the total revenue is expected to grow at 7.9% of CAGR through 2024 to 2030, reaching nearly USD 500.28 Bn. More than 70% of the market demand is anticipated to be driven by the growth of e-commerce, improvements in refrigeration technology, and increased awareness of food safety- Says Maximize Market Research

PUNE, India, Aug. 30, 2024 /PRNewswire/ -- The global need for perishable foods, medications, and temperature-sensitive products is growing. This demand is expected to propel the growth of the Cold Chain Logistics Market. The market is likely to grow significantly over the forecast period. Significant market penetration is expected for key regions, including North America, Europe, and Asia-Pacific. The nations such as US, China, India, and Germany are leading the way for the development of cold chain logistics market infrastructure.

It is anticipated that the adoption of cutting-edge technology will improve operational effectiveness. Examples of such technology include IoT-enabled monitoring systems and automated storage and retrieval systems which are expected to help cut waste significantly. To further comply with international environmental regulations, eco-friendly measures such as sustainable packaging and energy-efficient refrigeration are expected to witness a rise. These developments are anticipated to fuel the growth of the Cold Chain Logistics Market over the forecast period.

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Trends in the Global Cold Chain Logistics Market

The global cold chain logistics market is exhibiting significant growth potential. The technological integration has been an important milestone. The integration of technology such as IoT devices along with smart sensors are used to track the temperature and humidity in real-time. Automated warehouses as well as robotic support for handling and packaging have not only improved efficiency, but have also reduced labor cost.

Companies associated with the cold chain logistics market are opting for eco-friendly practices such as energy-efficient refrigeration and sustainable packaging. Sustainability in picking pace with efforts by key players operating in the Cold Chain Logistics Market to reduce environmental footprint and reducing carbon emission. With growing online grocery shopping trend, the preference for fresh, organic, and perishable foods is also increasing. This calls for effective cold chain systems, in order to deliver fresh produce directly to the consumers.

Cold Chain Logistics Market: Segment Analysis

The global cold chain logistics market is segmented into by Product, Application and by Temperature segment. The Application segment includes dairy & frozen desserts, fish, meat, seafood products, bakery & confectionery products, fruits & vegetables, and others. Countries such as China and Vietnam are incurring significant losses due to lack of cold chain logistics.

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Cold Chain Logistics Market: Regional Analysis

Asia Pacific dominated the cold chain logistics market in 2023 with over 45% of market share. Asian governments are investing in building and improving the cold chain logistics infrastructure. This includes temperature-controlled transportation systems and also storage facilities. With changing lifestyle, the demand for processed foods, frozen dairy products, and meat is increasing in countries like, Japan, South Korea, China, and India. China has launched five-year plan focused on cold chain logistics. By 2025, China aims to create a cold chain logistics network connecting various regions, covering both urban and rural areas. The plan also includes building 100 national cold chain depots in key areas. China aims to make this cold chain logistics unit energy-efficient, in order to meet its carbon reduction goals by 2030 and achieve carbon neutrality by 2060.

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Cold Chain Logistics: Segmentation

by Product         

1. Refrigerated warehousing
2. Refrigerated transport

by Application  

1. Dairy & frozen desserts
2. Fish, meat, and seafood products
3. Bakery & confectionery products
4. Fruits & vegetables
5. Others

by Temperature              

1. Frozen
2. Chilled

Cold Chain Logistics Market Key Players

1. Americold Logistics, Inc (US)
2. Lineage Logistics Holdings LLC (US)
3. Burris Logistics (US)
4. United States Cold Storage (US)
5. Tippmann Group (US)
6. NewCold (US)
7. Seafrigo (US)
8. Merchants Terminal Corporation (US)
9. Nordic Logistics (US)
10. Cold Chain Technologies, Inc. (US)
11. Cold Box Express, Inc. (US)
12. Valor Industries (US)
13. Congebec Inc (Canada)
14. Conestoga Cold Storage (Canada)
15. Cryopak Industries Inc. (Canada)
16. Trenton Cold Storage (Canada)
17. VersaCold Logistics Services (Canada)
18. va Q tec AG (Germany)
19. Intelsius (UK)
20. Sofrigam (France)
21. Kloosterboer (Netherlands)
22. Stockhabo (Belgium)
23. Nichirei Corporation (Japan)
24. Coldman (India)
25. Nilkamal Limited (India)

Maximize Market Research is a leading Automotive and Transportation, has also published the following reports:

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Key Benefits for Stakeholders:

• This report offers a comprehensive analysis of the Microgreen market, combining both quantitative and qualitative insights. It covers segment analysis, current trends, market dynamics, challenges, and forecasts for the industry from 2024 to 2030.
• Utilizing Porter's Five Forces framework, the report examines the power of buyers and suppliers, supporting stakeholders in making informed decisions and strengthening supplier-buyer relationships.
• A detailed look at market segmentation covers key opportunities within the Microgreen sector.
• Major countries within each region are mapped according to their revenue contributions, highlighting their impact on the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

About Maximize Market Research:

Maximize Market Research is a multifaceted Market Research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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