IMARC Group’s latest report, titled “Cold Chain Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the cold chain logistics market outlook. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
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 Trends:
The global market is primarily driven by the increasing demand for perishable goods, such as fresh produce and pharmaceutical products. Moreover, ongoing advancements in refrigeration technologies are enhancing efficiency in the transportation of temperature-sensitive products. Growing e-commerce platforms and the rising need for rapid delivery services further drive the market's expansion.
Furthermore, stringent regulations surrounding food safety and pharmaceutical standards are fostering the adoption of cold chain logistics. Additionally, the globalization of trade is increasing the movement of goods across borders, requiring advanced logistics solutions. Besides, the rising focus on reducing food waste across the supply chain is creating new opportunities for cold chain services. Moreover, continual technological innovations, including IoT-based tracking systems, are enhancing visibility and control, improving overall operational efficiency.
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Cold Chain Logistics Market Scope & Growth Analysis:
The scope of the market is broadening due to the rising integration of advanced technologies such as real-time monitoring and predictive analytics, allowing for enhanced management of perishable goods. Additionally, the growth in pharmaceutical logistics, especially for vaccines and biologics requiring precise temperature control, is creating new opportunities for specialized cold chain solutions. Furthermore, the ongoing trend of urbanization and the expansion of retail chains in emerging markets are increasing the demand for cold chain logistics in regions previously underserved.
Besides, the expansion of food retail industries, particularly in developing economies, is a factor driving broader market adoption. Apart from this, the growing focus on sustainability and the development of eco-friendly refrigeration systems represent new areas of innovation, further broadening the market's potential for future growth.
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
According to the report, dairy and frozen desserts accounted for the largest market share.
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 (2018-2023)
Market Outlook (2024-2032)
Historical, Current and Future Market Trends
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Why Choose IMARC Research Report:
Strong Market Research Expertise
Targeted Marketing Strategies
Innovative Solutions
Comprehensive Analysis
Accuracy and Reliability
Provides Insightful Forecasts
Available Customization Options
Strong Customer Service
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 global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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