The Asia-Pacific Cold Chain Logistics Market size is estimated at USD 154.95 billion in 2024, and is expected to reach USD 233.91 billion by 2029, growing at a CAGR of 8.58% during the forecast period (2024-2029).
Factors such as the increasing number of refrigerated warehouses and the development of the pharmaceutical sector are expected to drive the growth of the Asia-Pacific cold chain logistics market.
The Asia-Pacific cold chain market is highly fragmented, with many global and local players catering to the growing demand. UPS, OOCL Logistics, and JWD are some of the major players in the market. Critical challenges faced by the cold chain industry are enormous energy and space consumption and huge setup and modification costs. Lack of standardization related to storage temperature and operating procedures are a few more significant challenges the industry faces. The quality and flexibility of available cold warehousing space are a considerable concern.
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