Global Cold Chain Market, By Type (Refrigerated Storage, Cold Chain Logistics), By Temperature Control (Conventional Refrigeration, Packaging Material), By Temperature Type (Chilled, Frozen), By Application (Pharmaceutical, Food & Beverage, Chemicals), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2023-2032)

The Global Cold Chain Market is projected to reach USD 289.45 billion by 2032, at a CAGR of 13.76% during the forecast period. Cold chain refers to the logistics and supply chain used to transport and store goods, which require maintenance at low temperatures. A cold chain is a kind of supply chain, which is temperature-controlled and involves storage and logistics of temperature-sensitive perishable foods. It helps in preserving and increasing the shelf life of various food products, chemicals, and pharmaceuticals.

Global Cold Chain Market

Cold chains are mainly used in the food & beverages, pharmaceuticals, and the chemical industry. In the food industry, low temperatures are maintained throughout the supply chain to keep food items fresh and suitable for consumption and delay the natural ripening process of fruits and vegetables, thereby increasing their shelf life.

In pharmaceuticals, the cold chain is required to avoid spoilage of medicines, especially to avoid direct contact with sunlight, which makes medicines not safe for consumption. In the chemical industry, the cold chain is used to transport chemicals, which are highly reactive and volatile.

Global Cold Chain Market

The expansion of multinational food retail chains, growth of international trade owing to liberalization, increasing consumer demand for perishable foods, etc. are factors impacting the cold chain market. Government support for developing infrastructure has additionally fueled market growth.

Key Factors Impacting Market Growth:

  • Increasing demand for efficient storage systems
  • Rising utilization of high-quality of transient products
  • Technological developments in processing, packaging, and storage ways of perishable food 

Key Developments:

  • In January 2018, The Global Lighting and  Energy Access Partnership (Global Leap) unveiled the off-grid cold chain challenge (OGCCC), an initiative which aims to identify the world’s best and most efficient and innovative cold chain technologies to further accelerate the development of the commercial market for these technologies.
  • In April 2018, Sharp, a part of UDG Healthcare PLC, announced an investment of USD 11 million in its cold storage and syringe assembly activities to increase its capacity in response to the growing market demand.
  • In May 2019, UK based logistics’ company called Apetito have acquired new Volvo FH Tractors to use for their cold chain supply. The new additions can cover 200,000 km a year. 

What This Study Provides:

  • Global market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Regional market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • National market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Extensive details and analysis of contracts, projects, and program
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Analysis of game-changing technological trends and how these will shape the industry
  • Explanation or political, regulatory and technical factors to consider
  • Barriers to entry analysis for markets around the world
  • Profiles of leading companies operating within the sector with market share analysis
  • SWOT analysis of the market, together with the opportunities available and the key threats faced
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • Market conclusions & recommendations

Market Segmentation:

By Type:

  • Refrigerated Storage
    • Warehouse
    • Refrigerated Container
  • Cold Chain Logistics
    • Roadways
    • Airways
    • Railways
    • Waterways

By Temperature Control:

  • Conventional Refrigeration
  • Packaging Material
    • Dry ice
    • Wet Ice
    • Liquid Nitrogen
    • Gel Packs
    • Eutectic Packs
    • Expanded Polystyrene
    • Insulated Blankets

By Temperature Type:

  • Chilled
  • Frozen

By Application:

  • Pharmaceuticals
  • Food & Beverage
    • Fruits & Vegetables
    • Dairy & Frozen Desserts
    • Bakery & Confectionery
    • Fish, Meat & Seafood
    • Others
  • Chemicals

By Region:

  • North America
    • By Country (US, Canada, Mexico, Rest Of North America)
    • By Type
    • By Temperature Control
    • By Temperature Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Temperature Control
    • By Temperature Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Temperature Control
    • By Temperature Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Temperature Control
    • By Temperature Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Temperature Control
    • By Temperature Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa, Rest of the World)
    • By Type
    • By Temperature Control
    • By Temperature Type
    • By Application

Companies Covered: Americold Logistics, Preferred Freezer Services, Burris Logistics, Lineage Logistics Holdings LLC, Nichirei Corporation, Swire Cold Storage Ltd, AGRO Merchants Group, Cloverleaf Cold Storage, Kloosterboer, Al RaiLogistica K.S.C, Henningsen Cold Storage Co., Interstate Cold Storage Inc., and Versacold Logistics Services… 

Years Considered In The Study

 

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

13.3

Key Questions Answered By This Report:

  • How is the cold chain market evolving?
  • What is driving and restraining cold chain dynamics?
  • How will each cold chain submarket segment grow over the forecast period and how much Sales will these submarkets account for in 2028?
  • How will market shares of each cold chain submarket develop from 2019-2028?
  • Which cold chain submarket will be the main driver of the overall market from 2019-2028?
  • How will political and regulatory factors influence regional cold chain markets and submarkets?
  • Will leading national cold chain broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
  • How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
  • Who are the leading players and what are their prospects over the forecast period?

Reasons To Buy This Report:

  • Market size estimation of the cold chain market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: sales@quincemarketinsights.com