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 demand analysis. 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 specialized logistics system dedicated to the storage, transportation, and distribution of perishable goods under controlled temperatures, ensuring their quality and safety from the point of origin to the point of consumption. This system encompasses a variety of components, including refrigerated warehousing, transportation vehicles equipped with cooling systems, and comprehensive logistics services. Key types within this sector include refrigerated storage, refrigerated transport, and end-to-end cold chain services, each essential for maintaining the integrity of temperature-sensitive products such as pharmaceuticals, food and beverages, and chemical products. The advantages of cold chain logistics are manifold, offering enhanced product longevity, reduced waste, optimized supply chain efficiency, and adherence to regulatory compliances, thereby ensuring the high-quality and safety of perishable products.
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Cold Chain Logistics Market Trends:
The global market is experiencing significant growth, driven by the increasing global demand for perishable goods, coupled with rising consumer awareness regarding the importance of product freshness and safety. This is propelling the need for efficient cold chain solutions. Technological advancements, such as IoT integration, real-time monitoring, and advanced data analytics, are enhancing the operational efficiency of cold chain logistics, enabling precise temperature control, and reducing the risk of spoilage.
Therefore, this is significantly supporting the market. Along with this, the expanding pharmaceutical sector, with its escalating requirement for temperature-controlled distribution of vaccines and biopharmaceuticals, especially due to the global health crises, is another critical driver. In addition, globalization of trade, particularly in food and pharmaceuticals, necessitates robust cold chain infrastructures to ensure the seamless movement of temperature-sensitive products across borders. Moreover, regulatory requirements and quality standards are becoming more stringent, urging companies to invest in advanced cold chain logistics solutions to comply with health and safety standards, thereby creating a positive market outlook.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/cold-chain-logistics-market
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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