Cold Chain Market Size, Share, Trends, Industry Analysis Report: By Type (Storage, Transportation, Packaging, and Monitoring Components), Temperature Range, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
The global cold chain market size is expected to reach USD 2,232.40 billion by 2034, according to a new study by Polaris Market Research. The report “Cold Chain Market Size, Share, Trends, Industry Analysis Report: By Type (Storage, Transportation, Packaging, and Monitoring Components), Temperature Range, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The cold chain market growth is driven by the escalating bilateral trade between countries worldwide. The surge in export-import activities involves the transportation of perishable items such as food and pharmaceutical products. According to IBEF, in FY23, bilateral trade between India and the US exceeded USD 128.78 billion, surpassing the FY22 value of USD 119.48 billion. Such expansion of trade between countries necessitates efficient cold chain infrastructure to ensure the reliable transportation of perishable goods across borders. This requirement for effective temperature-controlled supply chain logistics has led to increased investments in advanced cold storage facilities and refrigerated transport, thereby propelling the cold chain market growth.
The increasing consumption of perishable goods, such as fresh fruits, vegetables, dairy products, and meat, significantly drives the cold chain market. Consumer preferences are shifting toward fresh and high-quality products. Thus, there is a heightened need for effective cold chain solutions to preserve the freshness and safety of these items. The growing demand drives investments in advanced cold storage facilities and refrigerated transport to ensure that products maintain quality from farm to table, driving the cold chain market expansion.
Technological innovations in cold chain are driving market growth since developments such as IoT-enabled sensors, temperature monitoring systems, and efficient refrigeration enhance the reliability of cold chain operations. Such advancements improve the ability to track and manage temperature-sensitive products throughout the supply chain, reduce spoilage, and ensure regulatory compliance. Consequently, the continuous evolution of technology drives the adoption of new solutions, thereby supporting market growth.
Cold Chain Market Report Highlights
The monitoring components segment, based on type, is expected to experience substantial growth in the global market owing to its vital role in maintaining integrity and optimizing the efficiency of temperature-controlled logistics.
The food & beverages segment, by application, dominated the cold chain market share in 2024, because of the significant consumer demand for high-quality, fresh, and safe food products.
In 2024, North America dominated the global market due to the presence of a stringent regulatory framework and highly developed cold chain infrastructure.
The cold chain market in India is anticipated to grow significantly due to the burgeoning e-commerce sector in the country. The growth of online shopping platforms, particularly for groceries and perishable goods, is driving the development of the e-commerce industry in India.
A few global key market players are A.P. Moller – Maersk; Americold Logistics, Inc.; Burris Logistics; Lineage, Inc.; NewCold; NICHIREI CORPORATION; Overhaul; Snowman Logistics Limited; Sonoco ThermoSafe; Tippmann Group; United Parcel Service of America, Inc.; United States Cold Storage; and Wabash National Corporation.
Polaris Market Research has segmented the cold chain market report on the basis of type, temperature range, application, and region:
By Product Outlook (Revenue – USD Billion, 2020–2034)
Storage
- Facilities/Services
- Refrigerated Warehouse
Private & Semi-Private
Public
- Cold Room
- Equipment
- Blast Freezer
- Walk-in Cooler and Freezer
- Deep Freezer
- Others
Transportation
- By Mode
- Road
- Sea
- Rail
- Air
- By Offering
- Refrigerated Vehicles
- Refrigerated Containers
Packaging
- Crates
- Insulated Containers & Boxes
- Large (32 to 66 Liters)
- Medium (21 to 29 Liters)
- Small (10 to 17 Liters)
- X-small (3 to 8 Liters)
- Petite (0.9 to 2.7 Liters)
- Cold Chain Bags/Vaccine Bags
- Ice Packs
- Others
Monitoring Components
- Hardware
- Sensors
- RFID Devices
- Telematics
- Networking Devices
- Others
- Software
- On-Premise
- Cloud-Based
By Temperature Range Outlook (Revenue – USD Billion, 2020–2034)
Chilled (0°C to 15°C)
Frozen (–18°C to –25°C)
Deep-Frozen (Below –25°C)
By Application Outlook (Revenue – USD Billion, 2020–2034)
Food & Beverages
- Fruits & Vegetables
- Fruit Pulp & Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice Cream
- Others
- Fish, Meat, and Seafood
- Processed Food
- Bakery & Confectionary
- Others
Pharmaceuticals
- Vaccines
- Blood Banking
- Others
Others
By Regional Outlook (Revenue – USD Billion, 2020–2034)
North America
Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa