IMARC Group’s latest report, titled “Cold Chain Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, provides an extensive analysis of the industry, including cold chain logistics market outlook, share, trends, and growth 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$ 226.01 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 501.65 Billion by 2028, exhibiting a growth rate (CAGR) of 14.40% during 2023-2028.
Cold Chain Logistics Market Overview:
Cold chain logistics refers to the specialized supply chain network designed to maintain perishable products in a temperature-controlled environment throughout their journey from production to the point of consumption. This logistics model is essential for various industries, including food and beverages, pharmaceuticals, and certain chemicals that require regulated temperatures for safe storage and transport. Typically, the cold chain consists of a series of interconnected storage facilities and distribution assets such as refrigerated warehouses, vehicles, and containers. The advantages of employing cold chain logistics include ensuring product quality, minimizing spoilage, extending the shelf life of products, and complying with regulatory standards. It provides a secure method for transporting sensitive products, protecting both the integrity of the items and the investments made by stakeholders. The cold chain logistics infrastructure utilizes advanced technology for real-time monitoring of temperature, humidity, and other critical variables, thereby offering both transparency and control throughout the supply chain.
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Cold Chain Logistics Market Trends:
The global cold chain logistics market is experiencing robust growth, propelled by rapid globalization and rising consumer expectations for fresh and high-quality products. Along with this, the growth of e-commerce in perishable goods and the pharmaceutical sector, which often requires temperature-sensitive shipping solutions, is significantly impacting the market. In addition, technological advancements, such as Internet of Things (IoT) sensors for real-time tracking and Artificial Intelligence (AI) for predictive analytics, are revolutionizing the efficiency and reliability of the cold chain. Moreover, regulatory frameworks are setting stringent guidelines for the storage and transport of perishable and pharmaceutical items, thereby making a robust cold chain network a necessity. Furthermore, the increasing trend towards sustainability in logistics, with many companies focusing on eco-friendly refrigerants and energy-efficient cooling solutions, is creating a positive market outlook.
Key Market Segmentation:
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
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.
About Us:
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 Group’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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