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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over xx market data Figures spread through 180 Pages and an in-depth TOC on " Global
Cold Chain Logistics Market.”
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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