Press Release

The Frozen sector segment is expected to dominate the Global Cold Chain Logistics Market in the forecast period

One of the most compelling drivers behind the rise of the Cold Chain Logistics Market is the Rise in Pharmaceutical and Healthcare Industry Growth.

 

According to TechSci Research report, “Global Cold Chain Logistics Market - By Region, Competition, Forecast & Opportunities, 2028”. The Global Cold Chain Logistics Market is expected to grow with a CAGR of 15.7% during the forecast period. The main driving forces behind the growth of the global cold chain market are the rising demand for processed food products and the expansion of the retail and e-commerce sectors in the country. These factors suggest that the market value of the country's cold chain logistics market is expected to increase at a healthy CAGR in the upcoming years. The expansion of organized food retail as well as the increase in perishable food production and consumption in the country are driving the demand for cold chains. The majority of organized retail businesses are constructing sizable cold chain infrastructures to manage their supply chains effectively. Additionally, the region's rising taste for processed food items and move toward the production of fruits and vegetables over grain crops both considerably contribute to the industry's expansion. The area is experiencing substantial growth in the demand for high-quality items as a result of rising consumer disposable income and an expanding middle-class population. The expansion of the sector in India is further aided by the country's rapid urbanisation and expanding industrialization. The government's aim to build numerous mega food parks in addition to its favourable laws is giving the industry even more of a boost. The healthcare sector's increasing need for efficient cold chain facilities to preserve heat-sensitive goods including vaccines, biopharmaceuticals, and clinical trial materials, among others, is driving the industry's expansion. The vaccines, biopharmaceutical, and clinical trials industries in many regions are anticipated to increase, and this will lead to substantial demand in the market over the forecast period. 

 

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The fruits & Vegetables and dairy products Expected to Witness Significant Growth in the Market, these goods need a certain temperature for storage and transit because the majority of them are perishable and temperature sensitive. As a result, it is anticipated that the cold chain logistics industry is expected to grow in the upcoming years. During the forecast period, Asia Pacific is expected to grow the most. The e-commerce industry is growing rapidly in the Asia Pacific region, which is driving the demand for cold chain logistics for the last-mile delivery of temperature-sensitive products, such as fresh food, pharmaceuticals, and other products. Governments in the Asia Pacific region are investing in the development of cold chain infrastructure to support the growth of the food and pharmaceutical industries. For instance, the Indian government has launched the Pradhan Mantri Kisan Sampada Yojana to create modern infrastructure for the food processing industry, which includes cold chain logistics. The growing demand for food products, increasing urbanization, rising e-commerce industry, government initiatives, and focus on sustainability are driving the growth of the cold chain market in the Asia Pacific region.

 

Key market players in the Global Cold Chain Logistics Market include:

  • Americold Logistics, LLC
  • Burris Logistics
  • Cold Box
  • Conestoga Cold Storage
  • Congebec
  • Lineage Logistics Holding, LLC
  • Nichirei Corporation
  • Tippmann Group
  • United States Cold Storage
  • VersaCold Logistics Services


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“The modernization of logistics has assisted the growth of the refrigerated logistics sector. The demand for cold chain logistics increased unexpectedly in India countries between 2020 and 2021. The need for cold storage and transportation has risen because of the growing urban population and changing customer preferences. Overall, it is anticipated that India's cold chain capacity would expand steadily over the future years and increase at a very high CAGR throughout the projected period. The market is anticipated to organise itself better and engage in more institutional investment. Built-to-suit assets with improved architectural requirements, variety in cold storage products catering to higher-value commodities, and usage of sustainable solutions for lowering operational costs are possible future trends in this industry. Therefore, these factors are fuelling the market growth of the “India Cold Chain Logistics market in the upcoming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Cold Chain Logistics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Service Type (Refrigerated Warehouse, Refrigerated Transportation), By Application (Seafood, Meat, Fruit & Vegetable, Dairy Products, Alternative Protein, Others), By Temperature Type (Frozen, Chilled), By Technology (Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Quilts), By Region, Competition, 2018-2028”, has evaluated the future growth potential of Global Cold Chain Logistics Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Cold Chain Logistics Market.


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