Global Cold Chain Market by Component (Hardware, Software), Type (Refrigerated Storage, Refrigerated Transport), Technology, Temperature Range, Deployment Type, Application - Forecast 2024-2030

The Cold Chain Market size was estimated at USD 213.51 billion in 2023, USD 232.45 billion in 2024, and is expected to grow at a CAGR of 9.00% to reach USD 390.33 billion by 2030.

Cold chain is a proficient system consisting of thermal and refrigerated packaging methods to ensure the safety of temperature-sensitive products during transportation. In many developed and developing economies, perishable and frozen food product consumption has increased significantly. The surging perishable products demand and requirements for fast delivery associated with the e-commerce-based food and beverages delivery market has significantly accelerated cold chain operations. Additionally, trade liberalization and expansion of retail chains by multinational companies are anticipated to boost industry growth over the forecast period. Moreover, rising governmental focus on the development and improvement of cold chain infrastructure, coupled with increased strictness on food safety regulations, is expected to fuel the growth of the global cold chain market in the forthcoming years. Despite these growth factors, negative environmental impacts posed by cold chain systems, such as the emission of harmful greenhouse gases, lack of standardization, and high operational costs, can restrain the growth of the global cold chain market. However, the adoption of software for cold chain logistics and increased demand for high-value pharmaceutical products transportation solutions across the entire distribution network is anticipated to provide remunerative growth opportunities for the market players in the near future.

Regional Insights

The eCommerce industry is growing rapidly in North America, Europe, and Asia-Pacific, fueling the cold chain logistics demand for the last-mile delivery of temperature-sensitive products, including fresh food, pharmaceuticals, and other products across these regions. The increasing consumer base for processed food in the UK, Germany, France, and other European countries is expected to increase the demand for cold chain solutions over the forecast period. At the same time, Asia-Pacific is anticipated to grow significantly due to increasing penetration of warehouse management systems (WMS) and government investment in logistics infrastructure development. Rising innovations in the pharmaceutical sector in India, China, and Japan are also expected to fuel cold chain solutions demand. Additionally, a significant factor driving the market includes the rapid expansion of biopharma in the region. China is a major contributor to regional growth attributed to technological advancements in the packaging, processing, and storage of seafood products. The growing demand for food products, increasing urbanization, government initiatives, expansion of the eCommerce industry, and focus on sustainability are boosting the growth of the cold chain market in the Asia-Pacific region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cold Chain Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cold Chain Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cold Chain Market, highlighting leading vendors and their innovative profiles. These include A.P. Møller - Mærsk A/S, Agri-Norcold A/S, Americold Logistics, Inc., AWL India Private Limited, Berlinger & Co. AG, Burris Logistics, Carrier Global Corporation, Cold Box Express, Inc., Cold Chain Technologies, Coldman Logistics Pvt.Ltd., Conestoga Cold Storage (Quebec) Limited, Confederation Freezers - Brampton, Congebec Logistics, Inc., Constellation Cold Logistics, Controlant, Cryopak Industries, Inc., Daikin Industries, Ltd., DGP Intelsius Limited, Elpro-Buchs AG, Emergent Cold LatAm Management LLC, FedEx Corporation, Frialsa Frigoríficos, S.A. de C.V., Frigoscandia, Friozem Armazéns Frigoríficos Ltda., Klinge Corporation, Lineage Logistics Holding, LLC, Magnavale Ltd., Metcold Holdings Limited, Monnit Corporation, NewCold Coöperatief UA, Nichirei Logistics Group Inc., Nordic Cold Chain Solutions, Orbcomm, Rinac India Limited, RLS Logistics, Savi Technology, Sealed Air Corporation, Snowman, Sofigram, Softbox Systems Ltd., Sonoco Products Company, SuperFrio Armazéns Gerais S.A., TEMPACK Packaging Solutions, S.L., Thermal Energy Service Solutions Pvt Ltd., Tippmann Group, Trenton Cold Storage, Inc., United States Cold Storage Inc., and VersaCold Logistics Services.

Market Segmentation & Coverage

This research report categorizes the Cold Chain Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Component
  • Hardware
    • Networking Devices
    • RFID Devices
    • Sensors & Data Loggers
    • Telematics & Telemetry Devices
  • Software
• Type
  • Refrigerated Storage
    • Cold Containers
    • Warehouses
  • Refrigerated Transport
    • Airways
    • Railways
    • Roadways
    • Waterways
• Technology
  • Blast Freezing
  • Evaporating Cooling
  • Vapor Compression
• Temperature Range
  • -1 to -20 Celsius
  • 0 to 15 Celsius
  • Below -20 Celsius
• Deployment Type
  • On-Cloud
  • On-Premises
• Application
  • Food & Beverage
    • Bakery & Confectionary
    • Dairy & Frozen Products
    • Fruit Pulp & Concentrates
    • Fruits & Vegetables
    • Meat & Seafood
    • Processed Food
  • Pharmaceuticals

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

1. What is the market size and forecast of the Cold Chain Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cold Chain Market?
3. What are the technology trends and regulatory frameworks in the Cold Chain Market?
4. What is the market share of the leading vendors in the Cold Chain Market?
5. Which modes and strategic moves are suitable for entering the Cold Chain Market?

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