Cold Chain Market

Cold Chain Market Size & Share - Future Growth Predictions

The global cold chain market size is on a trajectory of significant expansion, with an estimated value projected to reach USD 372.0 billion by 2029 from the 2024 valuation of USD 228.3 billion, displaying a promising Compound Annual Growth Rate (CAGR) of 10.3%.

The cold chain industry is a vital component of the global supply chain, especially for perishable goods such as food, pharmaceuticals, and chemicals. It involves the transportation and storage of temperature-sensitive products under controlled conditions to maintain their quality and safety.

The cold chain market has been experiencing significant growth in recent years due to several factors:

  • Increasing demand for perishable goods: As consumer preferences shift towards fresh and healthy products, there's a growing demand for perishable items like fruits, vegetables, dairy, meat, and seafood, which require temperature-controlled handling.
  • Globalization of food trade: With the expansion of international trade, there's a greater need for efficient cold chain logistics to transport perishable goods across long distances while maintaining their quality and safety standards.
  • Stringent regulations: Regulatory bodies around the world have implemented strict guidelines and standards for the handling and transportation of temperature-sensitive products, especially in industries like pharmaceuticals and healthcare where product efficacy and patient safety are paramount.
  • Technological advancements: Innovations in refrigeration technologies, temperature monitoring systems, and packaging materials have made it easier and more cost-effective to maintain the integrity of perishable products throughout the supply chain.
  • E-commerce and home delivery: The rise of online shopping and direct-to-consumer delivery services has increased the demand for cold chain logistics solutions to ensure that perishable goods are delivered to customers' doorsteps in optimal condition.

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Cold Chain Market Share - Competitive Landscape

The cold chain industry features numerous key players vying for market dominance. Among the forefront are top companies such as:

  • Americold Logistics, Inc. (US)
  • Lineage, Inc. (US)
  • NICHIREI CORPORATION (Japan)
  • Burris Logistics (US)
  • A.P. Moller - Maersk (Denmark)
  • United States Cold Storage (US)
  • Tippmann Group (US)
  • Coldman Logistics Pvt.Ltd. (India)

Americold Logistics, Inc. (US)

Americold Logistics, Inc. is a significant player in the cold chain market, particularly in the United States. As the world's largest publicly-traded REIT focused on the ownership, operation, and development of temperature-controlled warehouses, Americold plays a crucial role in maintaining the integrity of perishable goods throughout the supply chain. With a vast network of facilities strategically located near major population centers and transportation hubs, Americold offers comprehensive cold storage solutions to a wide range of industries, including food and beverage, pharmaceuticals, and healthcare. Its advanced technology and expertise in temperature-sensitive logistics enable it to meet the stringent requirements of customers while ensuring the safe and efficient handling of products from farm to fork or from production to patient. Additionally, Americold's commitment to sustainability and innovation positions it as a leader in driving industry best practices and addressing the evolving needs of the global cold chain market.

Lineage, Inc. (US)

Lineage Logistics, Inc. is a key player in the cold chain market. It's one of the largest temperature-controlled warehousing and logistics companies globally. Lineage operates an extensive network of strategically located facilities, offering cold storage and distribution services for perishable goods like food, beverages, and pharmaceuticals. With a focus on innovation and technology, Lineage provides end-to-end solutions, including inventory management, transportation, and value-added services, ensuring the integrity and safety of products throughout the supply chain. Its commitment to sustainability and efficiency makes Lineage a significant contributor to the evolving needs of the cold chain industry.

Burris Logistics (US)

Burris Logistics plays a pivotal role in the cold chain market as a leading provider of customized logistics solutions. With a focus on temperature-controlled warehousing and transportation, Burris caters to the needs of various industries, including food, beverage, and pharmaceuticals. Its extensive network of facilities and distribution centers ensures the safe storage and delivery of perishable goods, maintaining quality and freshness throughout the supply chain. Burris Logistics' commitment to innovation and customer satisfaction positions it as a trusted partner in the evolving landscape of the cold chain industry.

A.P. Moller - Maersk (Denmark)

A.P. Moller – Maersk is a major player in the cold chain market, particularly in maritime refrigerated transportation. With one of the world's largest container shipping fleets, Maersk provides extensive cold chain logistics services for perishable goods worldwide. Its advanced reefer container technology ensures precise temperature control during transit, maintaining the quality and safety of sensitive cargo such as fruits, vegetables, and pharmaceuticals. Maersk's global network and expertise in cold chain management make it a vital link in the transportation of temperature-sensitive products, serving diverse industries and facilitating international trade.

United States Cold Storage (US)

United States Cold Storage (USCS) is a significant player in the cold chain market, specializing in temperature-controlled warehousing and logistics solutions. With over 240 facilities across the United States, USCS offers comprehensive storage and distribution services for perishable goods, including food, beverages, and pharmaceuticals. Its state-of-the-art facilities are equipped with advanced refrigeration technology to maintain precise temperature conditions, ensuring product integrity throughout the supply chain. USCS's extensive network and commitment to quality make it a trusted partner for businesses requiring reliable cold storage and transportation services.

Coldman Logistics Pvt.Ltd. (India)

Coldman Logistics Pvt. Ltd., based in India, is a key player in the cold chain market, offering comprehensive temperature-controlled logistics solutions. Specializing in cold storage warehousing and transportation, Coldman serves various industries including food, pharmaceuticals, and agriculture. With a focus on innovation and quality, Coldman's state-of-the-art facilities and advanced technology ensure the safe storage and transport of perishable goods, maintaining freshness and integrity throughout the supply chain. Its strategic location and commitment to customer satisfaction make Coldman a trusted partner for businesses navigating India's rapidly growing cold chain industry.

Related Report:

Cold Chain Market by Type, Temperature Type (Chilled, Frozen, and Deep-frozen), Application (Food & Beverages, Pharmaceuticals), Technology(Blast Freezing, Vapor Compression,Programmable Logic Controller) and Region - Global Forecast to 2029

 

Cold Chain Market Size,  Share & Growth Report
Report Code
FB 2871
RI Published ON
3/22/2024
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