The global cold chain logistics market recorded a revenue of USD 321,12 billion in 2023 and is expected to reach a CAGR of 15.6% through 2032. Cold chain logistics is the process of transporting and storing perishable goods under specific temperatures to prevent spoilage and maintain their quality until they reach consumers.
Strict government regulations, especially in pharmaceuticals, and growing demand for fresh, perishable goods are boosting the global cold chain logistics market. Ensuring safe storage and transport of sensitive items like vaccines and fresh food, supported by new technologies and rising e-commerce, is driving industry growth. Companies are investing more to meet standards and ensure product quality and safety.
It's hard to keep temperature-sensitive items safe during long shipments in the global cold chain logistics market. Different climates and transport issues can ruin medicines or food, so industries rely on insulated packaging and careful monitoring to protect product quality from start to finish.
Emerging economies like India and China offer big growth opportunities for the global cold chain logistics due to rising demand for fresh food, medicines, and e-commerce. Government support and new technologies are helping improve storage, transport, and delivery systems.
Market Segmentation Insights
The global cold chain logistics market is segmented based on the service, comprising pre-cooling facilities, warehousing & information management systems, packaging, labeling, transportation, and others. Transportation is further segmented into railways, airways, roadways, and waterways.
Last-mile delivery and hubs to distributor are part of the delivery mode of the global cold chain logistics market.
Based on the temperature category, the global market is divided into ambient, refrigerated, frozen, and cryogenic.
The global cold chain logistics is classified based on storage technique, including electrical refrigeration, dry ice, gel packs, liquid nitrogen, and others.
Depending on the application, the global market is divided into fruits & vegetables, bakery & confectionery, dairy & frozen desserts, meat, fish, & seafood, drugs & pharmaceuticals, and others.
Regional Perspectives
In North America, cold chain logistics is growing fast as more people rely on fresh food, frozen items, and medical supplies that need temperature control. Companies are using better shipping tools and building energy-saving storage facilities. Canada is working to improve how it stores farm produce, while Mexico is paying closer attention to maintaining food quality during transport.
Europe is well-developed in cold chain operations. Countries like Germany are putting money into new refrigerated trucks and storage units. The Netherlands benefits from being close to major ports, making it a key spot for cold storage trade. Many businesses across the region are also switching to greener options and modern technologies to keep up with current demands.
In Asia Pacific, demand for cold storage is going up due to more people shopping for groceries online and growing healthcare needs. China and India are spending on better transport systems and storage supported by government projects. Japan and South Korea already have advanced facilities that help store vaccines and other sensitive products. New tech like tracking systems is helping the region improve even more.
Middle East, Africa, and South America are quickly catching up, with countries like Saudi Arabia and the UAE putting money into improving how medicines and food are stored and moved. South Africa and Brazil are also making changes to help their exports stay fresh. As online shopping becomes more popular, businesses are updating their storage and delivery systems to avoid waste and keep goods in good condition.
Major Competitors
Major players in the global cold chain logistics are Cardinal Health, B Medical Systems, American Airlines Inc., Lineage Inc., Americold Logistics, CEVA Logistics, Cold Box Express, Inc., Coldman Logistics, DoKaSch, Fiege, FedEx Global Logistics Inc., DHL Group, DB Schenker, United Parcel Service of America, Inc. (UPS), and Coldtainer.
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