Cold Chain Logistics Market

Cold Chain Logistics Market



Growth Factors of Cold Chain Logistics Market

The cold chain logistics market size was valued at USD 293.58 billion in 2023, and the market is now projected to grow from USD 324.85 billion in 2024 to USD 862.33 billion by 2032, exhibiting a CAGR of213% during the forecast period of 2023-2032.

Covid pandemic resulted in the change of products price substantially with reduction in demand. During covid pandemic most of the business were forced to shift to online selling’s by closing physical stores which boost the cold chain logistics market growth. This trend will be continued as business recognize the importance of having an efficient and visually appealing online store for driving sales and reaching a worldwide client base. Hence, online store sale is anticipating witnessing a boom in the projected period.

E-commerce and online grocery delivery services are also growing, which is increasing the need for effective cold chain logistics solutions. All things considered, the market is distinguished by innovation, exacting quality requirements, and an emphasis on guaranteeing product integrity and safety along the whole supply chain. To guarantee the efficacy and safety of vaccines and biologics, such as mRNA vaccines and gene treatments, strict temperature control must be maintained throughout the supply chain during development and distribution. Growing need for biologics and pharmaceuticals sensitive to temperature promoting cold chain logistics market growth for the upcoming years.

The increasing trend of buying perishable goods online has brought forth both benefits and challenges. Among these are the requirements for automated warehouses to manage inventory and last-mile delivery services has been increased with time leading market expansion. It also creates a need for advanced temperature monitoring equipment to maintain quality and increase the shelf life of perishable food items.

Comprehensive Analysis of Cold Chain Logistics Market

The cold chain logistics market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types and by application. The types segmentation includes, Refrigerated Warehouses, Refrigerated Transportation while By Application (Fruits & Vegetables, Fish, Meat, and Seafood, Dairy & Frozen Desserts, Bakery & confectionery, Processed Food, Pharmaceuticals, Others.

The North America region lead the cold chain logistics market by benefitting a market size of USD 97.7 billion in 2023 due to growing consumer demand, a growing number of connected devices, and rising government spending on the construction of cold chain logistics infrastructure.

The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, U.S. Cold Storage (New Jersey, U.S.), AmeriCold Logistics LLC (Georgia, U.S.), LINEAGE LOGISTICS HOLDING, LLC (Michigan, U.S.), VersaCold Logistics Services (Ontario, Canada), NICHIREI LOGISTICS GROUP INC. (NICHIREI CORPORATION) (Tokyo, Japan), CONGEBEC LOGISTICS INC. (Quebec, Canada), Burris Logistics (Delaware, U.S.), CONESTOGA COLD STORAGE (Ontario, Canada), Kloosterboer (Netherlands), COLD BOX EXPRESS, INC. (Alabama, U.S.) these market players provide a level-playing competitive landscape.

In January 2024, GreenDome Holdings purchased LogX, the top temperature-controlled logistics company in the UAE, through its subsidiary Elite Co., a well-known logistics investment vehicle owned by regional industry heavyweights.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 13% (2024-2032)

Unit Value (USD Billion)

Segmentation By Type
  • Refrigerated Warehouses
  • Refrigerated Transportation
  • Road
  • Sea
  • Rail
  • Air
By Application
  • Fruits & Vegetables
  • Fish, Meat, and Seafood
  • Dairy & Frozen Desserts
  • Bakery & confectionery
  • Processed Food
  • Pharmaceuticals
  • Others
By Geography
  • North America (By Type, By Application)
  • U.S. (By Type)
  • Canada (By Type)
  • Mexico (By Type)
  • Europe ( By Type, By Application )
  • U.K. (By Type)
  • Germany (By Type)
  • France (By Type)
  • Rest of Europe (By Type)
  • Asia-Pacific ( By Type, By Application )
  • China (By Type)
  • India (By Type)
  • Japan (By Type)
  • Rest of Asia Pacific (By Type)
  • Rest of the World ( By Type, By Application )


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Porter’s Five Forces Analysis
4.2. SWOT Analysis
4.3. Technological Developments
4.4. Distribution Analysis
4.5. Impact of COVID-19
5. Global Cold Chain Logistics Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. Refrigerated Warehouse
5.2.2. Refrigerated Transportation
5.2.2.1. Road
5.2.2.2. Sea
5.2.2.3. Rail
5.2.2.4. Air
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Fruits & Vegetables
5.3.2. Fish, Meat, and Seafood
5.3.3. Dairy & Frozen Desserts
5.3.4. Bakery & Confectionery
5.3.5. Processed Food
5.3.6. Pharmaceuticals
5.3.7. Others
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Rest of the World
6. North America Cold Chain Logistics Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type
6.2.1. Refrigerated Warehouse
6.2.2. Refrigerated Transportation
6.2.2.1. Road
6.2.2.2. Sea
6.2.2.3. Rail
6.2.2.4. Air
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Fruits & Vegetables
6.3.2. Fish, Meat, and Seafood
6.3.3. Dairy & Frozen Desserts
6.3.4. Bakery & Confectionery
7. 6.4.5. Processed Food
7.1.
7.1.1. Pharmaceuticals
7.1.2. Others
7.2. Market Analysis, Insights and Forecast – By Country
7.2.1. United States
7.2.1.1. By Type
7.2.2. Canada
7.2.2.1. By Type
7.2.3. Mexico
7.2.3.1. By Type
8. Europe Cold Chain Logistics Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Type
8.2.1. Refrigerated Warehouse
8.2.2. Refrigerated Transportation
8.2.2.1. Road
8.2.2.2. Sea
8.2.2.3. Rail
8.2.2.4. Air
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Fruits & Vegetables
8.3.2. Fish, Meat, and Seafood
8.3.3. Dairy & Frozen Desserts
8.3.4. Bakery & Confectionery
8.3.5. Processed Food
8.3.6. Pharmaceuticals
8.3.7. Others
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. United Kingdom
8.4.1.1. By Type
8.4.2. Germany
8.4.2.1. By Type
8.4.3. France
8.4.3.1. By Type
8.4.4. Rest of Europe
8.4.4.1. By Type
9. Asia Pacific Cold Chain Logistics Market Analysis, Insights and Forecast, 2018-2028
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Type
9.2.1. Refrigerated Warehouse
9.2.2. Refrigerated Transportation
9.2.2.1. Road
9.2.2.2. Sea
9.2.2.3. Rail
9.2.2.4. Air
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Fruits & Vegetables
9.3.2. Fish, Meat, and Seafood
9.3.3. Dairy & Frozen Desserts
9.3.4. Bakery & Confectionery
9.3.5. Processed Food
9.3.6. Pharmaceuticals
9.3.7. Others
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. China
9.4.1.1. By Type
9.4.2. India
9.4.2.1. By Type
9.4.3. Japan
9.4.3.1. By Type
9.4.4. South Korea
9.4.4.1. By Type
9.4.5. Rest of Asia Pacific
9.4.5.1. By Type
10. Rest of the World Cold Chain Logistics Market Analysis, Insights and Forecast, 2019-2029
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Type
10.2.1. Refrigerated Warehouse
10.2.2. Refrigerated Transportation
10.2.2.1. Road
10.2.2.2. Sea
10.2.2.3. Rail
10.2.2.4. Air
10.3. Market Analysis, Insights and Forecast – By Application
10.3.1. Fruits & Vegetables
10.3.2. Fish, Meat, and Seafood
10.3.3. Dairy & Frozen Desserts
10.3.4. Bakery & Confectionery
10.3.5. Processed Food
10.3.6. Pharmaceuticals
10.3.7. Others
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis (2023)
11.3. Competition Dashboard
11.4. Comparative Analysis – Major Players
11.5. Company Profiles
11.5.1. United States Cold Storage (New Jersey, United States)
11.5.1.1. Overview
11.5.1.2. Phaser Types & services
11.5.1.3. SWOT Analysis
11.5.1.4. Recent Developments
11.5.1.5. Strategies
11.5.1.6. Financials (Based on Availability)
11.5.2. AmeriCold Logistics LLC (Georgia, United States)
11.5.2.1. Overview
11.5.2.2. Phaser Types & services
11.5.2.3. SWOT Analysis
11.5.2.4. Recent Developments
11.5.2.5. Strategies
11.5.2.6. Financials (Based on Availability)
11.5.3. LINEAGE LOGISTICS HOLDING, LLC (Michigan, United States)
11.5.3.1. Overview
11.5.3.2. Phaser Types & services
11.5.3.3. SWOT Analysis
11.5.3.4. Recent Developments
11.5.3.5. Strategies
11.5.3.6. Financials (Based on Availability)
11.5.4. VersaCold Logistics Services (Ontario, Canada)
11.5.4.1. Overview
11.5.4.2. Phaser Types & services
11.5.4.3. SWOT Analysis
11.5.4.4. Recent Developments
11.5.4.5. Strategies
11.5.4.6. Financials (Based on Availability)
11.5.5. NICHIREI LOGISTICS GROUP INC. (NICHIREI CORPORATION) (Tokyo, Japan)
11.5.5.1. Overview
11.5.5.2. Phaser Types & services
11.5.5.3. SWOT Analysis
11.5.5.4. Recent Developments
11.5.5.5. Strategies
11.5.5.6. Financials (Based on Availability)
11.5.6. CONGEBEC LOGISTICS INC. (Quebec, Canada)
11.5.6.1. Overview
11.5.6.2. Phaser Types & services
11.5.6.3. SWOT Analysis
11.5.6.4. Recent Developments
11.5.6.5. Strategies
11.5.6.6. Financials (Based on Availability)
11.5.7. Burris Logistics (Delaware, United States)
11.5.7.1. Overview
11.5.7.2. Phaser Types & services
11.5.7.3. SWOT Analysis
11.5.7.4. Recent Developments
11.5.7.5. Strategies
11.5.7.6. Financials (Based on Availability)
11.5.8. CONESTOGA COLD STORAGE (Ontario, Canada)
11.5.8.1. Overview
11.5.8.2. Phaser Types & services
11.5.8.3. SWOT Analysis
11.5.8.4. Recent Developments
11.5.8.5. Strategies
11.5.8.6. Financials (Based on Availability)
11.5.9. Kloosterboer (Netherlands)
11.5.9.1. Overview
11.5.9.2. Phaser Types & services
11.5.9.3. SWOT Analysis
11.5.9.4. Recent Developments
11.5.9.5. Strategies
11.5.9.6. Financials (Based on Availability)
11.5.10. COLD BOX EXPRESS, INC. (Alabama, United States)
11.5.10.1. Overview
11.5.10.2. Phaser Types & services
11.5.10.3. SWOT Analysis
11.5.10.4. Recent Developments
11.5.10.5. Strategies
11.5.10.6. Financials (Based on Availability)

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