What is the global market size of Cold Chain Logistics Market?

Global Cold Chain Logistics Market size was valued at USD 280.25 Billion in 2022 and is poised to grow from USD 323.97 Billion in 2023 to USD 1033.15 Billion by 2031, at a CAGR of 15.6% during the forecast period (2024-2031).

What is the key driver of Global Cold Chain Logistics Market?

There is a growing demand for perishable goods such as food and pharmaceuticals worldwide. Consumers are seeking fresh and high-quality products, which require proper temperature control throughout the supply chain. This demand for perishable goods is driving the need for efficient cold chain logistics.

What is the key market trend for Global Cold Chain Logistics Market?

Increasing Demand for Fresh and Perishable Food: There is a growing consumer preference for fresh and organic food products, which has led to an increase in the demand for cold chain logistics services. Consumers are seeking high-quality food items with longer shelf life and better nutritional value, driving the need for efficient temperature-controlled transportation and storage.

Which region accounted for the largest share in Global Cold Chain Logistics Market?

North America holds the largest market share in the global cold chain logistics market and is expected to grow at a CAGR of 15.56% during the forecast period. The region, particularly Canada and the United States, is experiencing rapid growth due to factors such as increasing urbanization, a rising demand for organic food, and a shift towards healthier dietary lifestyles. Canada, with its significant fishing zones, is expected to contribute to the growth of the cold chain logistics market. The United States, on the other hand, benefits from a stringent regulatory environment and a growing demand for packaged food. The rapid growth of e-commerce in the United States, particularly for grocery and perishable goods delivery, has led to increased outsourcing of cold storage and transportation to third-party service providers, further fueling the market.

Cold Chain Logistics Companies

Q: Who are the key vendors in the Global Cold Chain Logistics Market?

The market's top service providers are always updating their technology to stay ahead of the competition and to guarantee effectiveness, integrity, and safety. To increase efficiency with smaller shipments, vendors have implemented HACCP and RFID technology. To offer consumers more services, they are also expanding their fleet of multi-compartment refrigerated vehicles. 'AmeriCold Logistics LLC (United States)', 'Lineage Logistics Holdings, LLC (United States)', 'Nichirei Corporation (Japan)', 'Swire Group (China)', 'Burris Logistics (United States)', 'United Parcel Service, Inc. (United States)', 'DHL International GmbH (Germany)', 'FedEx Corporation (United States)', 'AGRO Merchants Group (United States)', 'Kloosterboer (Netherlands)', 'Americold Realty Trust (United States)', 'XPO Logistics, Inc. (United States)', 'Preferred Freezer Services, LLC (United States)', 'VersaCold Logistics Services (Canada)', 'MSC Mediterranean Shipping Company S.A. (Switzerland)', 'C.H. Robinson Worldwide, Inc. (United States)', 'NewCold Advanced Cold Logistics (Netherlands)', 'SSI SCHAEFER (Germany)', 'Interstate Cold Storage, Inc. (United States)', 'Kloosterboer Group (Netherlands)', 'Henningsen Cold Storage Co. (United States)', 'Agro Merchants Group, LLC (United States)'

Cold Chain Logistics Market Competitive Landscape

Cold Chain Logistics Market Top Player’s Company Profiles

AmeriCold Logistics LLC (United States)
Lineage Logistics Holdings, LLC (United States)
Nichirei Corporation (Japan)
Swire Group (China)
Burris Logistics (United States)
United Parcel Service, Inc. (United States)
DHL International GmbH (Germany)
FedEx Corporation (United States)
AGRO Merchants Group (United States)
Kloosterboer (Netherlands)
Americold Realty Trust (United States)
XPO Logistics, Inc. (United States)
Preferred Freezer Services, LLC (United States)
VersaCold Logistics Services (Canada)
MSC Mediterranean Shipping Company S.A. (Switzerland)
C.H. Robinson Worldwide, Inc. (United States)
NewCold Advanced Cold Logistics (Netherlands)
SSI SCHAEFER (Germany)
Interstate Cold Storage, Inc. (United States)
Kloosterboer Group (Netherlands)
Henningsen Cold Storage Co. (United States)
Agro Merchants Group, LLC (United States)

Cold Chain Logistics Market

FAQs

Global Cold Chain Logistics Market size was valued at USD 280.25 Billion in 2022 and is expected to grow from USD 323.97 Billion in 2023 to reach USD 1033.16 Billion by 2031, at a CAGR of 15.60% during the forecast period (2024-2031).

Companies and new startups to make up the cold chain logistics competitive landscape, each competing for market share in efficiency and innovation. To better their services, giant corporations, such as DHL Supply Chain, Americold Logistics, and XPO Logistics, leverage innovative technologies and vast networks. A new rivalry is being initiated with new entrants into the business, taking more focus on sustainability projects and niche markets. Partnerships and acquisitions are quite common as companies seek to deepen their competencies and the reach of their global presence. 'AmeriCold Logistics LLC (United States) ', 'Lineage Logistics Holdings, LLC (United States) ', 'Nichirei Corporation (Japan) ', 'Swire Group (China) ', 'Burris Logistics (United States) ', 'United Parcel Service, Inc. (United States) ', 'DHL International GmbH (Germany) ', 'FedEx Corporation (United States) ', 'AGRO Merchants Group (United States) ', 'Kloosterboer (Netherlands) ', 'Americold Realty Trust (United States) ', 'XPO Logistics, Inc. (United States) ', 'Preferred Freezer Services, LLC (United States) ', 'VersaCold Logistics Services (Canada) ', 'MSC Mediterranean Shipping Company S.A. (Switzerland) ', 'C.H. Robinson Worldwide, Inc. (United States) ', 'NewCold Advanced Cold Logistics (Netherlands) ', 'SSI SCHAEFER (Germany) ', 'Interstate Cold Storage, Inc. (United States) ', 'Kloosterboer Group (Netherlands) ', 'Henningsen Cold Storage Co. (United States) ', 'Agro Merchants Group, LLC (United States)'

Rising global population and increased preferences from customers are triggering the demand for more perishable goods, fresh fruit, dairy products, and medicines. To sustain freshness and efficacy, companies need to invest in efficient cold chain logistics as customers are focusing more than ever on the quality and safety of their products. Innovation and development that fuel increased demand support overall growth of the cold chain logistics market.

Initiatives toward Sustainability: Sustainability is the new hotspot in the world of cold chain logistics as businesses seek to go greener and reduce their footprint on the environment. This comes about through using eco-friendly packaging, energy-efficient refrigeration technology, and streamlined transportation routes in a way that reduces carbon emissions. Sustainable practices are taking greater importance for businesses owing to the rapidly environmentally conscious clients. Beyond improving reputation, this new trend responds to growing pressures from the legislature to have ecologically aware business practices.

North America accounted for the largest share of 34% and above in the overall share in 2023 as the largest market holder of cold chain logistics. As the region holds an enormous growth potential for companies with long-term investments, such dominance is anticipated to sustain itself in the projection period. The growth of a modern infrastructure, very high penetration of leading-edge technologies, and an increasingly quality-aware and freshness-conscious consumer base in terms of food items and medications are some of the other significant contributors to this growth. The implementation of connected devices coupled with the extensive spread of IoT technology further adds to more efficient operations through real-time monitoring and improved supply chain efficiency. North America is well poised to be at the number one position in the cold chain industry as companies are aggressive in their quest for sustainability and statutory compliance.

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Cold Chain Logistics Market Competitive Landscape

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What is the global market size of Cold Chain Logistics Market?

Who are the key vendors in the Cold Chain Logistics Market?

What is the key driver of Cold Chain Logistics Market?

What is the key market trend for Cold Chain Logistics Market?

Which region accounted for the largest share in Cold Chain Logistics Market?

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