Cold Chain Logistics Market Size, Share, Growth Analysis, By Type(Cold Chain Storage and Infrastructure, Refrigerated Transportation (Refrigerated Road Transportation [Refrigerated LCV Van, Refrigerated Transportation MHCV, Refrigerated HCV {Trailers and Semitrailers}]), By Application(Food & Beverages (dairy and frozen desserts, fish, meat and seafood products, fruits and vegetables), By Temperature(Chilled, Frozen, Deep Frozen), By Technology(Blast Freezing, Vapor Compression, Programmable Logic Controller, Evaporative Cooling), By Region - Industry Forecast 2024-2031

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).

The cold chain logistics market involves regulated transportation and storage of temperature-sensitive commodities, including chemicals, medications, and perishable food products. So, it is kept preserved to sustain the quality of those commodities during and after delivery to their point of use. Due to increased globalization, demands for frozen and fresh commodities are rising all around the world, and this is highly expanding the scope of the sector of cold chain logistics. Improvements in refrigeration technology, stricter regulations, and growth in the pharmaceutical and healthcare industries are some of the factors driving the growth of the market. Moreover, the growth in internet-based grocery ordering and e-commerce has meant enhanced demand for effective cold chain logistics solutions. Firms are investing heavily in advanced logistics methods and technology, such as one-to-one distribution with effortless temperature control to support timely distribution, due to consumer demands for increased delivery speed of fresh and frozen goods. Sustainability is increasingly a key element in the market, and many suppliers are reviewing eco-friendly packaging and energy-efficient shipping options to reduce their carbon footprint. Moreover, the possibility of using Internet of Things technology for monitoring enhances the overall view and traceability of the supply chain and even supports proactive management of temperature-sensitive products and the tracking of shipments in real-time. In general, cold chain logistics is regarded as an innovative and a standards-related sector with high emphasis on the safety and integrity of the product throughout the supply chain.

US Cold Chain Logistics Market is poised to grow at sustainable CAGR for the next forecast year.