The freezing solutions required to maintain the quality and shelf life of products, such as fresh agricultural produce, seafood, frozen food, photographic films, chemicals, and pharmaceutical drugs is referred to as cold chain logistics. Adoption of cold chain is very essential to extend the period of marketing, avoid over capacity, reduce transport bottlenecks during peak period, and maintain quality of products. In addition, the utilization of temperature-controlled warehouses for storage and cold insulated transport vehicles for product distribution is involved in the UK cold chain logistics market. Moreover, this solution is widely used to transport and store fruits, vegetables, meat, beef, medicines, and drugs. The market uses transportation modes such refrigerated trucks, refrigerated railcars, refrigerated cargo, and air cargo.
UK Cold Chain Logistics Market, by End use
Factors such as increase in number of refrigerated warehouses and development of the pharmaceutical sector are expected to drive the growth of the UK cold chain logistics market. However, factors such as lack of standardization pertaining to operating procedures, security, temperature, pest control, and others and high operational cost restrains the market growth. On the contrary, availability of RFID technologies for cold chain applications and adoption of automated software for cold chain logistics are projected to offer lucrative growth opportunity for the market players.
The UK cold chain logistics market is segmented on the basis of end user. Depending on end user, it is categorized into fruits & vegetables; bakery & confectionary; dairy & frozen desserts; meat, fish, and sea food; drugs & pharmaceuticals; and others.
UK Cold Chain Logistics Market, Impacting Factors
The key players including AGRO Merchants Group, Bring Logistics UK Ltd., Chiltern Cold Storage Group Ltd., Ice Co Storage & Logistics, Kerry Logistics Network Limited, Lineage Logistics Holdings, LLC, NewCold, Nichirei Logistics Group Inc., The Seafast Group, and others are studied in the report.
Increase in refrigerated warehouses due to rise in online grocery shopping
Dozens of warehouses comprising cold chain systems are designed to ensure ideal storage and transportation conditions for temperature-sensitive products. Multiple export industries are dependent on vital links that cold chain solution system provides. Moreover, businesses invest millions of dollars in their cold chain operations to create effective, efficient, and reliable process because an end-to-end cold chain security is the weak link in the system. Single breakdown in the cold chain logistics can lead to catastrophic losses of products and capital. In addition, the UK has been named as the third largest online grocery market in the world after South Korea and Japan. Furthermore, around 6.1% of the grocery sales in the UK is made online, which in turn propels the growth of the cold chain logistics market. Thus, increase in number of refrigerated warehouses to maintain the integrity of grocery sold online is expected to boost the growth of the market.
Growth in the pharmaceutical sector
Pharmaceutical manufacturers increasingly focus on product quality and sensitivity. The factors such as development of complex biological medicines and shipments of hormone treatments, vaccines, and complex proteins that require cold chain refinements increase the need for temperature-controlled transportation and warehousing. In addition, the healthcare logistics industry is witnessing significant growth due to rise in need for temperature-controlled logistics of pharmaceutical products and medical devices; thereby, boosting the market growth. Moreover, increase in need for effective cold chain logistics services to maintain the quality of pharmaceutical products propels the growth of the UK cold chain logistics market. In addition, government in the UK is also taking initiatives to boost the adoption of temperature-controlled warehousing and transportation for pharmaceuticals products. For instance, Mike Thompson, chief executive of the Association of the British Pharmaceutical Industry, has requested the government of UK to build more cold-chain storages as the pharmaceutical products such as biologics, vaccines, insulin, and others require cold storage. Thus, growth in the pharmaceutical sector is anticipated to propel the growth of the cold chain logistics market in the UK.
Lack of standardization
Cold chain logistics and storage industry is witnessing significant growth due to increase in demand from various sources with specific needs. However, lack of standards and accreditations pose significant challenges for the cold chaindustry, where quality and flexibility of available cold warehousing space is a major concern. In many cases, companies need to invest more to upgrade its space and specifications compatible to standards that support the individual industry segment. However, the standards formulated by policymakers build pressure on developers, as upgrading facilities, in terms of temperature compliance or accommodating automated equipment, is not an easy task. Furthermore, training and development of manpower on technology and handling products involve heavy capital investment and has become necessity of the industry time to time. Thus, lack of standardization in cold chain logistics is anticipated to hamper the growth of the UK cold chain logistics market.
Availability of RFID technologies for cold chain applications
Radio Frequency Identification (RFID) technologies improve the performance of perishable supply chains by tracking geographical positions of individual packages, pallets, shipping containers, or trucks, which can be stationary or in motion during distribution. These technologies are used to identify items through a unique Electronic Product Code (EPC) or other barcode and to store real-time environmental data (including temperature), which is later transmitted, allowing corrective actions to be taken before products are irrevocably damaged. In November 2018, Stora Enso announced the launch of a new sustainable RFID tag technology termed as, “ECO by Stora Enso.” This product is paper based that makes it sustainable and completely recyclable. This technology provides transparency to the manufacturers by allowing them to trace and protect their shipments throughout the product supply chain on real-time basis. The growth in demand for real-time temperature monitoring in cold chain logistics create a remarkable growth opportunity for the players operating in the UK cold chain logistics market.
UK COLD CHAIN LOGISTICS MARKET STUDY KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the UK cold chain logistics market analysis along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the UK cold chain logistics market with a detailed impact analysis.
- The current cold chain logistics trends in UK market trends is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
UK COLD CHAIN LOGISTICS MARKET KEY SEGMENTS
By End User
- Fruits & Vegetables
- Bakery & Confectionary
- Dairy & Frozen Desserts
- Meat, Fish, and Sea Food
- Drugs & Pharmaceuticals
What is the estimated value of the UK Cold Chain Logistics Market?
What is the growth rate of the UK Cold Chain Logistics Market?
What is the forecasted size of the UK Cold Chain Logistics Market?
|No. of Pages||85|
|Forecast Period||2018 - 2026|
| Estimated Market Value ( USD ||$ 4.55 billion|
| Forecasted Market Value ( USD ||$ 24.37 billion|
|Compound Annual Growth Rate||23.3%|
|Regions Covered||United Kingdom|
Table of Contents
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Market Share Analysis (2018)
3.5. Market Dynamics
126.96.36.199. Increase In Refrigerated Warehouses Due To Rise In Online Grocery Shopping
188.8.131.52. Growth In Pharmaceutical Sector
184.108.40.206. Lack of Standardization
220.127.116.11. High Operational Cost
18.104.22.168. Availability of Rfid Technologies For Cold Chain Applications
22.214.171.124. Adoption of Automated Software For Cold Chain Logistics
3.6. Distribution Channel
4.2. Fruits & Vegetables
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast
4.3. Bakery & Confectionary
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast
4.4. Dairy & Frozen Desserts
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast
4.5. Meat, Fish, & Sea Food
4.5.1. Key Market Trends, Growth Factors, And Opportunities
4.5.2. Market Size And Forecast
4.6. Drugs & Pharmaceuticals
4.6.1. Key Market Trends, Growth Factors, And Opportunities
4.6.2. Market Size And Forecast
4.7.1. Key Market Trends, Growth Factors, And Opportunities
4.7.2. Market Size And Forecast
5.1.1. Company Overview
5.1.2. Company Snapshot
5.1.3. Operating Business Segments
5.1.4. Product Portfolio
5.1.5. Business Performance
5.1.6. Key Strategic Moves And Developments
5.2. Xpo Logistics, Inc.
5.2.1. Company Overview
5.2.2. Company Snapshot
5.2.3. Operating Business Segments
5.2.4. Product Portfolio
5.2.5. Business Performance
5.2.6. Key Strategic Moves And Developments
5.3. Trade Distribution Ltd.
5.3.1. Company Overview
5.3.2. Company Snapshot
5.3.3. Product Portfolio
5.3.4. Key Strategic Moves And Developments
5.4. Lineage Logistics Holdings, Llc
5.4.1. Company Overview
5.4.2. Company Snapshot
5.4.3. Product Portfolio
5.4.4. Key Strategic Moves And Developments
5.5. Agro Merchants Group
5.5.1. Company Overview
5.5.2. Company Snapshot
5.5.3. Product Portfolio
5.5.4. Key Strategic Moves And Developments
5.6. Bring Logistics Uk Ltd.
5.6.1. Company Overview
5.6.2. Company Snapshot
5.6.3. Product Portfolio
5.7. Chiltern Cold Storage Group Ltd.
5.7.1. Company Overview
5.7.2. Company Snapshot
5.7.3. Product Portfolio
5.7.4. Key Strategic Moves And Developments
5.8. Ice Co Storage & Logistics
5.8.1. Company Overview
5.8.2. Company Snapshot
5.8.3. Product Portfolio
5.8.4. Key Strategic Moves And Developments
5.9.1. Company Overview
5.9.2. Company Snapshot
5.9.3. Product Portfolio
5.9.4. Key Strategic Moves And Developments
5.10. The Seafast Group
5.10.1. Company Overview
5.10.2. Company Snapshot
5.10.3. Product Portfolio
5.11. Turners (Soham) Ltd
5.11.1. Company Overview
5.11.2. Company Snapshot
5.11.3. Operating Business Segments
5.11.4. Product Portfolio
5.11.5. Key Strategic Moves And Developments
Table 02. Kerry Logistics Network Limited: Company Snapshot
Table 03. Kerry Logistics Network Limited: Operating Segments
Table 04. Kerry Logistics Network Limited: Product Portfolio
Table 05. Kerry Logistics Network Limited: Key Strategic Moves And Developments
Table 06. Xpo Logistics: Company Snapshot
Table 07. Xpo Logistics: Operating Segments
Table 08. Xpo Logistics: Product Portfolio
Table 09. Xpo Logistics: Key Strategic Moves And Developments
Table 10. Trade Distribution Ltd. : Company Snapshot
Table 11. Trade Distribution Ltd. : Product Portfolio
Table 12. Trade Distribution Ltd. : Key Strategic Moves And Developments
Table 13. Lineage Logistics Holdings, Llc: Company Snapshot
Table 14. Lineage Logistics Holdings, Llc: Product Portfolio
Table 15. Lineage Logistics Holdings, Llc: Key Strategic Moves And Developments
Table 16. Agro Merchants Group: Company Snapshot
Table 17. Agro Merchants Group: Product Portfolio
Table 18. Agro Merchants Group: Key Strategic Moves And Developments
Table 19. Bring Logistics: Company Snapshot
Table 20. Bring Logistics: Services Portfolio
Table 21. Chiltern Cold Storage Group Ltd. : Company Snapshot
Table 22. Chiltern Cold Storage Group Ltd. : Product Portfolio
Table 23. Chiltern Cold Storage Group Ltd. : Key Strategic Moves And Developments
Table 24. The Ice Co Storage & Logistics: Company Snapshot
Table 25. The Ice Co Storage & Logistics: Product Portfolio
Table 26. The Ice Co Storage & Logistics: Key Strategic Moves And Developments
Table 27. Newcold: Company Snapshot
Table 28. Newcold: Service Portfolio
Table 29. Newcold: Key Strategic Moves And Developments
Table 30. The Seafast Group: Company Snapshot
Table 31. The Seafast Group: Product Portfolio
Table 32. Turners (Soham) Ltd . : Company Snapshot
Table 33. Turners (Soham) Ltd . : Operating Segments
Table 34. Turners (Soham) Ltd : Product Portfolio
Table 35. Turners (Soham) Ltd: Key Strategic Moves And Developments
Figure 02. Executive Summary
Figure 03. Top Impacting Factors
Figure 04. Top Investment Pockets
Figure 05. Top Winning Strategies, By Year, 2015-2019*
Figure 06. Top Winning Strategies, By Year, 2015-2019*
Figure 07. Top Winning Strategies, By Company, 2015-2019*
Figure 08. Moderate-To-High Bargaining Power of Suppliers
Figure 09. Moderate-To-High Threat of New Entrants
Figure 10. Moderate Threat of Substitutes
Figure 11. High-To-Moderate Intensity of Rivalry
Figure 12. High-To-Moderate Bargaining Power of Buyers
Figure 13. Market Share Analysis (2018)
Figure 14. Distribution Channel
Figure 15. Uk Cold Chain Logistics Market Share, By End User, 2018-2026 (%)
Figure 16. Uk Cold Chain Logistics For Fruits & Vegetables, 2018-2026 ($Million)
Figure 17. Uk Cold Chain Logistics For Bakery And Confectionary, 2018-2026 ($Million)
Figure 18. Uk Cold Chain Logistics For Dairy And Frozen Desserts, 2018-2026 ($Million)
Figure 19. Uk Cold Chain Logistics For Meat, Fish, & Food 2018-2026 ($Million).
Figure 20. Uk Cold Chain Logistics For Drugs And Pharmaceuticals, 2018-2026 ($Million).
Figure 21. Uk Cold Chain Logistics For Others, 2018-2026 ($Million)
Figure 22. Kerry Logistics Network Limited: Revenue, 2016-2018 ($Million)
Figure 23. Kerry Logistics Network Limited: Revenue Share By Segment, 2018 (%)
Figure 24. Kerry Logistics Network Limited: Revenue Share By Region, 2018 (%)
Figure 25. Xpo Logistics: Revenue, 2016-2018 ($Million)
Figure 26. Xpo Logistics: Revenue Share By Segment, 2018 (%)
Figure 27. Xpo Logistics: Revenue Share By Region, 2018 (%)
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