Global Cold Chain Logistics Market is estimated to reach $386 billion by 2024; growing at a CAGR of 14% between 2016 and 2024. Cold chain logistics involves the transportation of temperature sensitive products under controlled temperature from the manufacturer to the place of consumer. The limited shelf life products such as dairy products, frozen food, pharmaceutical drugs, meat products and among others are refrigerated, stored, transported and distributed through the cold chain logistics. Advancements in the transportation facilities have reduced the distance between the regions across the globe. There are several means available for the transportation of products such as refrigerated trucks, cargo ships, air cargo and railcars. Developments in temperature controlled logistics has also enabled the transportation of global seasonal foods to any part of the world. Introduction of sensors into the cold chain logistics has aided greater control of the supplies throughout the process of transportation.
Growth in the organized retail & food service industry and growing export demand for processed and frozen food are the factors supporting the growth of the global cold chain logistics market. Moreover, adoption of multi-temperature refrigerator vehicles and increased export & import of various drugs and vaccines globally also fuel the growth of the market. However, high cost of transportation and difficulties & delay of clearing customs across borders may impediment the growth of the market. Furthermore, availability of tax exemption on several items and growing third party logistics & express delivery service providers can provide growth opportunities in the coming years.
The global cold chain logistics market is categorized into end-use industry and geography. By end-use industry, the market is segmented into fruits & vegetables, dairy & frozen desserts, bakery & confectionary, meat, fish & sea food, drugs & pharmaceuticals and others.
By geography the global cold chain logistics market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers Germany, U.K., France, Italy and others. Asia-Pacific covers China, India, Japan, South Korea, Australia and others. RoW covers South America, Middle East and Africa.
The major market players include Burris Logistics, Nichirei Logistics Group Inc., Continental Air Cargo, FedEx Corporation, DHL International GmbH, World Courier, AGRO Merchants Group, C & M Cold Stores Ltd., Nordic Logistics and Warehousing, LLC. and VPA Logistics, among others.
The key takeaways from the report
- The report will provide detailed analysis of Cold Chain Logistics Market with respect to major segment such as end-use industry
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Cold Chain Logistics Market has been included in the report
- Profile of the key players of the Cold Chain Logistics Market, will be provided, which include key financials, product & services, new developments and business strategies
Scope of Cold Chain Logistics Market
End-Use Industry Segments
- Fruits & Vegetables
- Dairy & Frozen Desserts
- Bakery & Confectionary
- Fish & Sea Food
- Drugs & Pharmaceuticals
- North America
- South Korea
- South America
- Middle East