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The size of the worldwide cold chain market was estimated at USD 279.94 billion in 2022, and from 2023 to 2030, it is anticipated to expand at a CAGR of 18.6%. Global refrigeration warehouse automation and the increasing use of linked devices are expected to drive market expansion over the projected period. The demand for cold chain solutions is rising as organised retail outlets proliferate in emerging economies. Additionally, over the course of the projected period, sector growth is anticipated to be aided by trade liberalisation, government initiatives to reduce food waste, and the expansion of retail chains by multinational corporations. Exporters in the U.S. and Europe now have the opportunity to expand trade for perishable foods in a duty-free manner thanks to the World Trade Organisation (WTO) and bilateral free trade agreements like the European Union Free Trade Agreement (FTA) and the North America Free Trade Agreement (NAFTA).
Due to growing consumer knowledge, diets that are high in protein are replacing those that are high in carbohydrates in developing economies. Due to a shift in the economy that is being driven by consumers, nations like China are predicted to show a strong growth rate in the upcoming years. The market is projected to rise in developing nations as a result of increasing technological developments in refrigerated transportation and warehouse management.
Additionally, rising government subsidies have given service providers the opportunity to enter these burgeoning markets with creative transportation-related solutions. For products that need to be transported and stored under optimal temperatures, cold chain services are designed. Cold chain operations have seen a considerable increase due to the rising demand for perishable goods and the quick delivery needs connected with the e-commerce-based food and beverage delivery business.
From the former trend of consumers purchasing processed goods with a longer shelf life, this is a significant shift. Online sales of perishable goods are on the rise, which has created both new opportunities and difficulties. These include the need for creative transportation methods, automated warehouses for inventory control and per-item cost reduction, and low-cost, high-tech temperature monitoring equipment to ensure the security of fresh food goods.
Due to a rising preference for packaged goods around the world, the storage sector had the biggest revenue share of more than 57% in 2022 and will continue to dominate during the projection period. The demand for frozen meals is being driven by customers' shifting dietary habits and lifestyles. The demand for storage solutions is anticipated to increase as a result. Food, drink, and medical supply chains must have effective cold chain systems. Over the course of the projection period, the transportation segment is anticipated to be driven by demand for high-cube refrigerated trailers, connected refrigerated trucks, insulated containers, and vehicles that facilitate cross-product movement.
Report Coverage
Global Cold Chain research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cold Chain report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cold Chain competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cold Chain market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cold Chain market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cold Chain market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Americold Logistics LLC, Agro Merchant Group, Burris Logistics, Inc., Henningsen Cold Storage Company, Lineage Logistics, LLC, Nordic Logistics, Preferred Freezer, Wabash National, Cold Chain Technologies, Inc., Cryopak Industries Inc., Creopack, Cold Box Express, Inc., Intelsius, Nilkamal Limited, Sofrigam, Softbox Systems Ltd., Sonoco ThermoSafe, Valor Industries, va Q tec AG
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Cold Chain market based on the below-mentioned segments:
Global Cold Chain Market, By Type
Storage
Transportation
Monitoring Components
Software
Global Cold Chain market, By Product
Crates
Insulated Containers & Boxes
Materials
Global Cold Chain Market, By Application
Fruits & Vegetables
Fruit Pulp & Concentrates
Dairy Products
Fish, Meat, and Seafood
Processed Food
Pharmaceuticals
Bakery & Confectionary
Others (Ready-to-Cook, Poultry)
Global Cold Chain market, Regional Analysis
Due to growing consumer knowledge, diets that are high in protein are replacing those that are high in carbohydrates in developing economies. Due to a shift in the economy that is being driven by consumers, nations like China are predicted to show a strong growth rate in the upcoming years. The market is projected to rise in developing nations as a result of increasing technological developments in refrigerated transportation and warehouse management.
Additionally, rising government subsidies have given service providers the opportunity to enter these burgeoning markets with creative transportation-related solutions. For products that need to be transported and stored under optimal temperatures, cold chain services are designed. Cold chain operations have seen a considerable increase due to the rising demand for perishable goods and the quick delivery needs connected with the e-commerce-based food and beverage delivery business.
From the former trend of consumers purchasing processed goods with a longer shelf life, this is a significant shift. Online sales of perishable goods are on the rise, which has created both new opportunities and difficulties. These include the need for creative transportation methods, automated warehouses for inventory control and per-item cost reduction, and low-cost, high-tech temperature monitoring equipment to ensure the security of fresh food goods.
Due to a rising preference for packaged goods around the world, the storage sector had the biggest revenue share of more than 57% in 2022 and will continue to dominate during the projection period. The demand for frozen meals is being driven by customers' shifting dietary habits and lifestyles. The demand for storage solutions is anticipated to increase as a result. Food, drink, and medical supply chains must have effective cold chain systems. Over the course of the projection period, the transportation segment is anticipated to be driven by demand for high-cube refrigerated trailers, connected refrigerated trucks, insulated containers, and vehicles that facilitate cross-product movement.
Report Coverage
Global Cold Chain research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cold Chain report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cold Chain competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cold Chain market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Americold Logistics LLC, Agro Merchant Group, Burris Logistics, Inc., Henningsen Cold Storage Company, Lineage Logistics, LLC, Nordic Logistics, Preferred Freezer, Wabash National, Cold Chain Technologies, Inc., Cryopak Industries Inc., Creopack, Cold Box Express, Inc., Intelsius, Nilkamal Limited, Sofrigam, Softbox Systems Ltd., Sonoco ThermoSafe, Valor Industries, va Q tec AG |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Cold Chain Market from 2021 to 2030.
- Market Forecast for Cold Chain Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Cold Chain competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Cold Chain
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cold Chain market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cold Chain market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Americold Logistics LLC, Agro Merchant Group, Burris Logistics, Inc., Henningsen Cold Storage Company, Lineage Logistics, LLC, Nordic Logistics, Preferred Freezer, Wabash National, Cold Chain Technologies, Inc., Cryopak Industries Inc., Creopack, Cold Box Express, Inc., Intelsius, Nilkamal Limited, Sofrigam, Softbox Systems Ltd., Sonoco ThermoSafe, Valor Industries, va Q tec AG
Primary Target Market
- Market Players of Cold Chain
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Cold Chain market based on the below-mentioned segments:
Global Cold Chain Market, By Type
Storage
Transportation
Monitoring Components
Software
Global Cold Chain market, By Product
Crates
Insulated Containers & Boxes
Materials
Global Cold Chain Market, By Application
Fruits & Vegetables
Fruit Pulp & Concentrates
Dairy Products
Fish, Meat, and Seafood
Processed Food
Pharmaceuticals
Bakery & Confectionary
Others (Ready-to-Cook, Poultry)
Global Cold Chain market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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