Global Cold Chain Logistics Market|Size,Share,Growth|2023-2030

Cold Chain Logistics Market Size (2023 - 2030)
The cold chain logistics at the global level is estimated to be valued at USD 222.58 billion in 2022, showcasing a CAGR of 15.5% to reach USD 650.53 billion by 2030 during the foreseen period.

The cold chain is known for transporting and warehousing temperature-sensitive products from the point of origin to consumption, increasing the shelf life of the products from rotting. A cold chain is used to assure and expand the product's life frozen food, seafood, chemicals, agricultural film, pharmaceutical drugs, and others.

Cold chain logistics is experiencing strong growth due to the growing need for cold chain logistics across the pharmaceutical industry. A cold chain is a combination of temperature-controlled transport and supply chain mandatory for expanding the product life and decreasing waste during transit and maintaining the product's quality.

Market Drivers
Consuming ready-to-cook products like pizzas, snacks, and frozen desserts, and the market potential for frozen and processed food items high fostering the market growth during the foreseen period. Also, the RFIS technologies for cold chain applications and the adoption of software offer ample opportunities for the cold chain logistics market. Cold chain logistics play a major role in the pharmaceutical industry.

Because of the COVID-19, the demand for medicines and PPE is one major factor in the present scenario. The desire for all kinds of drugs that help in fighting various chronic and lifestyle-related diseases. The rising urban population and consumer changes in understanding have accelerated the growing demand for freezing storage and transport. The increasing number of organized retail stores propel market growth. The up-gradation of large wholesalers and organized retailers, and their extending operations across the global trade are producing lucrative opportunities for refrigerated warehousing and transportation market. 

Market Restrains
However, the absence of uniformity and the high operational cost hinder the cold chain logistics market. Environmental issues of emitting greenhouse gases are slated to hamper the cold chain logistics market.

Recent Market Developments

  • On March 28, 2022, Burris Logistics acquired Trinity Logistics. The combination of two mega-companies provides customers end-to-end supply chain solutions. The acquisition provides more opportunities for the deep-rooted Trinity Logistics.
  • On November 19, 2022, Nicherei bought Norish cold storage. The company Nicherei Logistics has developed its cold storage logistics business in Europe. 
  • On February 01, 2022, Tippmann Innovation and Investex, Ltd. partnered to bring Round Rock. The Round Rock TX is its First Modern Cold Storage Facility. 
  • On July 30, 2022, VersaCold Logistics Services acquired the portfolio of cold storage warehouse assets from H&R Real Estate Investment Trust and Crestpoint Real Estate Investments Ltd. 
  • On May 09, 2022, Lineage Logistics, LLC broadcasted the acquisition of MTC Logistics. With this acquisition, Lineage adds around 38 million cubic feet of capacity and over 113,000 pallet positions in the U.S. 

Segment Analysis
The global cold chain logistics market has been categorized based on type and application.

Cold Chain Logistics - Based on Type

  • Refrigerated warehousing
  • Refrigerated transport
  • Railways
  • Airways
  • Roadways
  • Waterways

By type, the refrigerated warehousing segment held the largest share. Packaged food products are having high demand globally. Moreover, the demand for frozen and chilled foods is fueling the market due to the changes in dietary patterns and consumers' lifestyles. 

The refrigerated transport segment is witnessing the quickest CAGR growth pace. The use of safe refrigerated transportation of temperature-sensitive goods and products. Transportation modes are used as transportation railcars, air cargo, trucks, and refrigerated cargos. 

Cold Chain Logistics - Based on Application

  • Fruits & Vegetables

  • Bakery & Confectionary

  • Dairy & Frozen Desserts

  • Meat, Fish, & Sea Food

  • Drugs & Pharmaceuticals

  • Others

The dairy and frozen desserts segment holds a major market share and dominates the cold chain logistics market. Products like cheese, meat, and milk are some animal protein products having high increasing demand. 
The changes in consumer dietary habits and rising levels of disposable income are towering the demand for the products in the bakery and confectionery segment.

Regional Analysis
North America dominates the cold chain logistics market globally. The penetration of connected devices is escalating and a large consumer base drives the cold chain logistics market. For example, a U.S based retail corporation, Walmart, Inc., is with almost 10,526 stores and clubs under 48 banners in 24 countries and e-commerce websites.

The European market for cold chain logistics is expected to tremendous growth during the foreseen period.

In Vietnam, the private sector has a capacity of more than 500,000 pallets.

However, Asia-Pacific is scheduled to be the fastest-growing region during the foreseen period. The governments are increasingly investing in developing cold chain infrastructure to surge the market growth. India, China, Japan, and South Korea have a strong demand for dairy, meat, and processed food products and are slated to have high demand in the market. Growing foreign investments in the healthcare sector and promoting pharmaceutical industries foster the growing demand for the pharmaceutical sector in the APAC region.

The cold chain logistics sector in India is expected to grow with a CAGR of 21% owing to its transformation from conventional cold storage to modern storage space.

Latin America and the Middle East and Africa are the emerging economies that are experiencing a growth in demand for perishable food items. The consumer's disposable personal income is increasing, changing lifestyle and tastes with growth in prominence. Also, quick urbanization in the region burgeons the market growth.

Top key players in Cold Chain Logistics Market
1. Americold Logistics, LLC
2. Burris Logistics
3. Cold Box
4. Conestoga Cold Storage
5. Congebec
6. Lineage Logistics Holding, LLC
7. Nichirei Corporation
8. Tippmann Group
9. United States Cold Storage
10. VersaCold Logistics Services

COVID-19 Impact Cold Chain Logistics Market
The recent coronavirus (COVID-19) pandemic has flashed attention to the increasing codependent nature of the pharmaceutical industry and the wider healthcare sector. The COVID-19 pandemic has challenged the economy to outperform the cold chain logistics field with immense operational changes, regulations, supply chains, and workforce requirements.  
During the initial stages of the coronavirus (COVID-19) phase, the demand for cold chain logistics was unexpected. 

Chapter 1. Global Cold Chain Logistics Market – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptionsa

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Global Cold Chain Logistics Market – Executive Summary

2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

2.3.1. Impact during 2022 - 2027

2.3.2. Impact on Supply – Demand

Chapter 3. Global Cold Chain Logistics Market – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Global Cold Chain Logistics Market Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3 Customer Analysis

4.4. Porters Five Force Model

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Powers of Customers

4.4.3. Threat of New Entrants

4.4.4. Rivalry among Existing Players

4.4.5. Threat of Substitutes

Chapter 5. Global Cold Chain Logistics Market - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Global Cold Chain Logistics Market – By Type

6.1. Refrigerated warehousing

6.2. Refrigerated transport

6.3. Railways

6.4. Airways

6.5. Roadways

6.6. Waterways

Chapter 7. Global Cold Chain Logistics Market – By Application

7.1. Fruits & Vegetables

7.2. Bakery & Confectionary

7.3. Dairy & Frozen Desserts

7.4. Meat, Fish, & Sea Food

7.5. Drugs & Pharmaceuticals

7.6. Others

Chapter 8. Global Cold Chain Logistics Market, By Geography - Market Size, Forecast, Trends & Insights

8.1. North America

8.1.1. U.S.A

8.1.2. Canada

8.1.3. Mexico

8.2. Europe

8.2.1. Italy

8.2.2. Spain

8.2.3. Russia

8.2.4. Germany

8.2.5. UK

8.2.6. France

8.2.7. Rest of Europe

8.3. Asia Pacific

8.3.1. Japan

8.3.2. South Korea

8.3.3. China

8.3.4. India

8.3.5. Australia & New Zealand

8.3.6. Rest of Asia-Pacific

8.4. Rest of the World

8.4.1. Middle East

8.4.2. Africa

8.4.3. South America

Chapter 9. Global Cold Chain Logistics Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

9.1. Company 1

9.2. Company 2

9.3. Company 3

9.4. Company 4

9.5 Company 5

9.6. Company 6

9.7. Company 7

9.8. Company 8

9.9. Company 9

9.10. Company 10

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