October 4, 2024

Cold Chain Market Size Predicted To Reach Around US$ 948 Bn By 2030

According to Precedence Research, the global cold chain market size is forecasted to reach US$ 948 billion by 2030 from US$ 232 billion in 2021, by growing at a lucrative CAGR of 15% between 2021 and 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

A cold chain is the temperature-controlled supply chain that is used in the storage, transportation and distribution of temperature sensitive products that needs to be preserved in a definite temperature range in order to prevent them from getting rotten. The cold chain providers monitor the temperature of their facility on a regular basis so as to prevent the products from getting decayed.

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Some of the temperature sensitive products include fruits, vegetables, medicines, meats and any others. The manufacturersof the sensitive products strictly monitor the temperature at every point of transit from the manufacturing unit till it gets delivered to the consumers. With the development of technology, the manufacturers of the sensitive food products are installing the remote monitoring system for the cold chain units so that the real time temperature can be administered.

Crucial factors accountable for market growth are:

  • The rise in retail stores across the world.
  • The rising demand for refrigerated transport vehicles in order to deliver the perishable products to retail stores.
  • Increased demand for ready to eat and perishable products in the market.
  • Increased demand for cold chain systems in the pharmaceutical industry.
  • The surge in demand for cold storages to preserve the fruits and vegetable.

Report Highlights

  • In the commercial segment, the demand for cold storage systems in the retail stores, supermarkets and hypermarkets are estimated to contribute significantly towards the growth of the cold chain market.
  • In the public sector, the Cold Chain Market is also expected to grow remarkably because of the increasing Government investments to develop advanced cold storage facilities.
  • By Geography, North America leads the Cold Chain Market by revenues share because of its massive demand for the perishable food products.

Market Dynamics

Driver – The rising consumer demand for the perishable products, awareness about the importance of consuming the perishable products such as milk, meat, fruits and others are the primary attributes that is expected to drive the growth of the cold chain market, Moreover, the surge in demand for ready to eat and processed food products in the market across the globe will contribute significantly towards the growth of the cold chain market.

Restraint – The major restraining factors that is expected to hinder the growth of the cold chain market includes emission of greenhouse gases from the refrigeration units, production of carbon dioxide by the diesel powered transportation refrigeration units, food and packaging waste at each stage of supply chain, high power consumption and others.

Opportunity – The rapid surge in the development of retail chain, supermarket, hypermarkets and others will produce huge opportunities for the growth of the cold chain market. Also, in the developing countries such as China and India there has been an increase in demand for the processed food products and this is expected to produce huge opportunities forthe growth of cold chain market.

Challenges – Production of energy efficient and low greenhouse gas emissions refrigeration units is the major challenge faced by the cold chain markets. Furthermore, lack of proper food storage, poor cold chain logistics, lack of standardization are some of the challenges for the growth of the cold chain market.

Recent Developments

  • On 30th March 2021 Cold chain Technologies announced that it has partnered with B Medical Systems to offer comprehensive thermal packaging and stationary refrigeration solutions for temperature critical medications.
  • On 23rd September 2021 Cryopak, a leader in temperature assurance packaging and temperature monitoring devices has introduced “BOXEDin” a concept to ship high value biologics for longer-range profile duration.

Regional Snapshots

North America is expected to hold the largest revenue share contributing more than 37% market share in 2021 and is expected to remain in dominant position during the forecast period. The significant growth in this region is due to the presence of major market players continuously involved in developing new technologies to produce an energy efficient cold chain system. Furthermore, the increasing demand for the perishable food products in the North American market contributes significantly towards the growth of the cold chain market.

Asia Pacific region is anticipated to be the fastest growing region owing to the rise in Government investments in order to develop advanced logistics infrastructure. In this region, China is expected to hold a significant share owing to the rise in demand for technological advancements in food processing, packaging and storage of seafoods. Moreover, the development in the pharmaceutical sector in India and China will fuel the growth of the cold chain market in this region.

Scope of the Cold Chain Market Report

Report HighlightsDetails
Market Size In 2030USD 948.24 Billion
Growth RateCAGR of 15.1% From 2021 to 2030
Largest MarketNorth America
Fastest Growing MarketAsia Pacific
Base Year2021
Forecast Period2021 to 2030
Segments CoveredType, Sector, Temperature Type, Packaging, Application, Region

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the global cold chain market are listed as below:

  • Agro Merchant Group
  • Nordic Logistics and Warehousing LLC
  • Preferred Freezer Services LLC
  • Cold Chain Technologies Inc.
  • Cryopack Industries Inc.
  • Creopack
  • Cold Box Express Inc.

Segments Covered in the Report

By Type

  • Storage
    • Warehouses
      • On-grid
      • Off-grid
    • Reefer Containers
  • Monitoring Components
    • Hardware
    • Software
  • Transportation
    • Road
    • Sea
    • Rail
    • Air

By Sector

  • Private
  • Cooperative
  • Public

By Temperature Type

  • Frozen
  • Chilled

By Packaging

  • Product
    • Crates
      • Dairy
      • Pharmaceuticals
      • Fishery
      • Horticulture
    • Insulated Containers & Boxes
      • Payload Size
        • Large (32 to 66 liters)
        • Medium (21 to 29 liters)
        • Small (10 to 17 liters)
        • X-small (3 to 8 liters)
        • Petite (0.9 to 2.7 liters)
      • Type
        • Cold Chain Bags/Vaccine Bags
        • Corrugated Boxes
        • Others
    • Cold Packs
    • Labels
    • Temperature-controlled Pallet Shippers
  • Materials
    • Insulating Materials
      • EPS
      • PUR
      • VIP
      • Cryogenic Tanks
      • Others (Insulating Pouches, Hard Cased Thermal Boxes, and Active Thermal Systems)
    • Refrigerants
      • Fluorocarbons
        • Inorganics
        • Ammonia
      • CO2
      • Hydrocarbons

By Application

  • Fruits & Vegetables
  • Fruit Pulp & Concentrates
  • Dairy Products
    • Milk
    • Butter
    • Cheese
    • Ice cream
  • Fish, Meat, and Seafood
  • Processed Food
  • Pharmaceuticals
    • Vaccines
    • Blood Banking
  • Bakery & Confectionary
  • Others (Ready-to-Cook, Poultry)

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Cold Chain Market 

5.1. COVID-19 Landscape: Cold Chain Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Cold Chain Market, By Type

8.1. Cold Chain Market, by Type, 2021-2030

8.1.1. Storage (Warehouses, Reefer Containers)

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Monitoring Components (Hardware, Software)

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Transportation (Road, Sea, Rail, Air)

8.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Cold Chain Market, By Sector

9.1. Cold Chain Market, by Sector, 2021-2030

9.1.1. Private

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Cooperative

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Public

9.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Cold Chain Market, By Temperature Type 

10.1. Cold Chain Market, by Temperature Type, 2021-2030

10.1.1. Frozen

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Chilled

10.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Cold Chain Market, By Packaging 

11.1. Cold Chain Market, by Packaging, 2021-2030

11.1.1. Product

11.1.1.1. Market Revenue and Forecast (2019-2030)

11.1.2. Materials (Insulating Materials, Refrigerants)

11.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 12. Global Cold Chain Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Type (2019-2030)

12.1.2. Market Revenue and Forecast, by Sector (2019-2030)

12.1.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.1.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Type (2019-2030)

12.1.5.2. Market Revenue and Forecast, by Sector (2019-2030)

12.1.5.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.1.5.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Type (2019-2030)

12.1.6.2. Market Revenue and Forecast, by Sector (2019-2030)

12.1.6.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.1.6.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Type (2019-2030)

12.2.2. Market Revenue and Forecast, by Sector (2019-2030)

12.2.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.2.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Type (2019-2030)

12.2.5.2. Market Revenue and Forecast, by Sector (2019-2030)

12.2.5.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.2.5.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Type (2019-2030)

12.2.6.2. Market Revenue and Forecast, by Sector (2019-2030)

12.2.6.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.2.6.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Type (2019-2030)

12.2.7.2. Market Revenue and Forecast, by Sector (2019-2030)

12.2.7.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.2.7.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Type (2019-2030)

12.2.8.2. Market Revenue and Forecast, by Sector (2019-2030)

12.2.8.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.2.8.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Type (2019-2030)

12.3.2. Market Revenue and Forecast, by Sector (2019-2030)

12.3.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.3.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Type (2019-2030)

12.3.5.2. Market Revenue and Forecast, by Sector (2019-2030)

12.3.5.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.3.5.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Type (2019-2030)

12.3.6.2. Market Revenue and Forecast, by Sector (2019-2030)

12.3.6.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.3.6.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Type (2019-2030)

12.3.7.2. Market Revenue and Forecast, by Sector (2019-2030)

12.3.7.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.3.7.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Type (2019-2030)

12.3.8.2. Market Revenue and Forecast, by Sector (2019-2030)

12.3.8.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.3.8.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Type (2019-2030)

12.4.2. Market Revenue and Forecast, by Sector (2019-2030)

12.4.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.4.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Type (2019-2030)

12.4.5.2. Market Revenue and Forecast, by Sector (2019-2030)

12.4.5.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.4.5.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Type (2019-2030)

12.4.6.2. Market Revenue and Forecast, by Sector (2019-2030)

12.4.6.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.4.6.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Type (2019-2030)

12.4.7.2. Market Revenue and Forecast, by Sector (2019-2030)

12.4.7.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.4.7.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Type (2019-2030)

12.4.8.2. Market Revenue and Forecast, by Sector (2019-2030)

12.4.8.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.4.8.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Type (2019-2030)

12.5.2. Market Revenue and Forecast, by Sector (2019-2030)

12.5.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.5.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Type (2019-2030)

12.5.5.2. Market Revenue and Forecast, by Sector (2019-2030)

12.5.5.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.5.5.4. Market Revenue and Forecast, by Packaging (2019-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Type (2019-2030)

12.5.6.2. Market Revenue and Forecast, by Sector (2019-2030)

12.5.6.3. Market Revenue and Forecast, by Temperature Type (2019-2030)

12.5.6.4. Market Revenue and Forecast, by Packaging (2019-2030)

Chapter 13. Company Profiles

13.1. Agro Merchant Group

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Nordic Logistics and Warehousing LLC

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Preferred Freezer Services LLC

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Cold Chain Technologies Inc.

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Cryopack Industries Inc.

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Creopack

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Cold Box Express Inc.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global cold chain market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for cold chain are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable. 

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