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.
|
Market Size in 2023 |
USD 293.81 Billion |
|
Market Size in 2030 |
USD 500.28 Billion |
|
CAGR |
7.9 % |
|
Forecast Period |
2024-2030 |
|
Base Year |
2023 |
|
Segment Covered |
by Product by Application by Temperature by Region |
|
Key Market Drivers |
|
|
Key Market Restraint |
|
|
Key Market Opportunities |
|
|
Report Coverage |
Market Share, Size, and Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
Get your Sample PDF:
https://www.maximizemarketresearch.com/request-sample/15368/
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.
Get 10% Free Customization on the Report:
https://www.maximizemarketresearch.com/inquiry-before-buying/15368/
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.
For Detailed Segment Analysis: Request a Sample Report
Cold Chain Logistics: Segmentation
by Product
- Refrigerated warehousing
- Refrigerated transport
by Application
- Dairy & frozen desserts
- Fish, meat, and seafood products
- Bakery & confectionery products
- Fruits & vegetables
- Others
by Temperature
- Frozen
- Chilled
Cold Chain Logistics Market Key Players
- Americold Logistics, Inc (US)
- Lineage Logistics Holdings LLC (US)
- Burris Logistics (US)
- United States Cold Storage (US)
- Tippmann Group (US)
- NewCold (US)
- Seafrigo (US)
- Merchants Terminal Corporation (US)
- Nordic Logistics (US)
- Cold Chain Technologies, Inc. (US)
- Cold Box Express, Inc. (US)
- Valor Industries (US)
- Congebec Inc (Canada)
- Conestoga Cold Storage (Canada)
- Cryopak Industries Inc. (Canada)
- Trenton Cold Storage (Canada)
- VersaCold Logistics Services (Canada)
- va Q tec AG (Germany)
- Intelsius (UK)
- Sofrigam (France)
- Kloosterboer (Netherlands)
- Stockhabo (Belgium)
- Nichirei Corporation (Japan)
- Coldman (India)
- Nilkamal Limited (India)
Maximize Market Research is a leading Automotive and Transportation, has also published the following reports:
Cold Chain Packaging Refrigerants Market size was valued at USD 1.49 Bn. in 2023, and the total Cold Chain Packaging Refrigerants revenue is expected to grow by 7.9 % from 2024 to 2030, reaching nearly USD 2.55 Bn.
Refrigerant Leak Detector Market size was valued at US$ 83.01 Mn in 2023, and the total revenue is expected to grow at 2.1 % through 2024 to 2030, reaching nearly US$ 96.01 Mn.
Natural Refrigerants Market size was valued at US$ 1.13 Bn. in 2023, and the total revenue is expected to grow at 4.5% through 2024 to 2030, reaching nearly US$ 1.55 Bn.
Automotive Coolant Market size was valued at USD 8.94 Bn. in 2023, and the total revenue is expected to grow at 5.1% of CAGR through 2024 to 2030, reaching USD 12.67 Bn
Immersion Cooling Fluids Market was valued at USD 1.82 Billion in 2023, and it is expected to reach USD 3.15 Billion by 2030, exhibiting a CAGR of 8.1 % during the forecast period (2024-2030)
Global Spare Parts Logistics Market is projected to grow at a CAGR of 3.8% during the forecast period, from 2024 to 2030, to reach a market size of USD 8.05 billion by 2030, up from USD 6.20 billion in 2023.
Space Logistics Market size was valued at USD 5.32 Bn. in 2023, and the total Space Logistics revenue is expected to grow by 18.3 % from 2024 to 2030, reaching nearly USD 17.26 Bn.
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.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 9607365656
sales@maximizemarketresearch.com
Follow Up: Facebook | Twitter | LinkedIn | Instagram
Logo: https://mma.prnewswire.com/media/2457992/Maximize_Market_Research_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/cold-chain-logistics-market-total-revenue-is-expected-to-reach-usd-500-28-bn-by-2030-at-a-cagr-of-7-9-percent-302235120.html
SOURCE Maximize Market Research Pvt. Ltd.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Comments are closed, but trackbacks and pingbacks are open.