Global Cold Chain Logistics Market size is projected to be valued $386 Billion by 2024; with a CAGR of 14% from 2017 to 2025. The limited shelf life products such as pharmaceutical drugs, dairy products, and frozen food, and among others are refrigerated, stored, and distributed through the cold chain logistics. There are several means available for the transportation of products such as air cargo, refrigerated trucks, and railcars. Developments in temperature controlled logistics have also enabled the transportation of global seasonal foods to any part of the world.
Growth in the organized retail & food service industry and growing export demand for processed and frozen food are the factors supporting the growth of the global cold chain logistics market. Moreover, adoption of multi-temperature refrigerator vehicles and increased export & import of various drugs and vaccines globally also fuel the growth of the market. However, high cost of transportation and difficulties & delay of clearing customs across borders may impediment the growth of the market. Furthermore, availability of tax exemption on several items and growing third party logistics & express delivery service providers can provide growth opportunities in the coming years.
The global cold chain logistics market is categorized into end-use industry and geography. By end-use industry, the market is segmented into fruits & vegetables, dairy & frozen desserts, bakery & confectionary, meat, fish & sea food, drugs & pharmaceuticals and others.
By geography the global cold chain logistics market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers Germany, U.K., France, Italy and others. Asia-Pacific covers China, India, Japan, South Korea, Australia and others. RoW covers South America, Middle East and Africa.
The major market players include Burris Logistics, Nichirei Logistics Group Inc., Continental Air Cargo, FedEx Corporation, DHL International GmbH, World Courier, AGRO Merchants Group, C & M Cold Stores Ltd., Nordic Logistics and Warehousing, LLC. and VPA Logistics, among others.
The report covers
Scope of the Global Cold Chain Logistics Market
End-Use Industry Segments