Global Cold Chain Logistics Market: Increasing Demand for this Exclusive Technology is Expected to Lead to Market Growth-Growing at a Compound Annual Growth Rate (CAGR) 14.2% from 2022 to 2028

Cold Chain Logistics
  • Cold Chain Logistics Market

The Global Cold Chain Logistics Market accounted for USD 209.2 Million in the year 2021. The market is anticipated to grow at a compound annual growth rate (CAGR) of 14.2% in the forecast period of 2021-2028.

COVID-19 impact on the Global Cold Chain Logistics Market:

The COVID-19 outbreak has affected many industries severely. As a result, enterprises have faced significant losses during the pandemic. In addition, the government has mandated lockdowns across many regions to prevent the spread of the virus. Due to the lockdowns and restrictions, the supply chain has disrupted manufacturing, and production rates declined considerably. As a result, the Global Cold Chain Logistics Market faced huge revenue loss during the pandemic. However, the market is anticipated to grow in the given forecast period.

The Global Cold Chain Logistics Market trends:

The increasing demand for temperature-sensitive foods such as frozen food, seafood, pharmaceutical drugs, chemical, agricultural products, etc., is anticipated to boost the Global Cold Chain Logistics Market. Pharmaceutical drugs are segmented to fuel the demand for the Cold Chain Logistics as the medicines need to be kept in a proper atmosphere so that the drugs can be transported to other places for use. The Cold Chain Logistics is widely used to transport medicines and vaccines. During the pandemic, the Cold Chain Logistics Market has shown growth as the vaccines were being transported to places using Cold Chain Logistics. Therefore, the Global Cold Chain Logistics Market is estimated to show significant growth in the forecasted period. Increasing demand for perishable foods is anticipated to lead the Global Cold Chain Logistics Market growth. In addition, the development of retail chains such as convenience stores, supermarkets, hypermarkets, and online purchases of goods is boosting the demand for Cold Chain Logistics, further leading to the Global Cold Chain Logistics Market growth.

Regional Analysis:

The Global Cold Chain Logistics Market based on the region is divided into and the rest of the world. However, the has been dominating the Cold Chain Logistics Market over the past few years and is expected to grow more in the future. Furthermore, the Cold Chain Logistics Market is estimated to grow in the forecasted period owing to the increasing government initiatives to promote the use of Cold Chain Logistics.

Key Market Players:

The Global Cold Chain Logistics Market is expected to attract many competing market players owing to the increasing demand for this Cold Chain Logistics. Currently, there are several competing market players in the Cold Chain Logistics Market, such as Americold Logistics, Lineage Logistics Holdings, Nichirei Corporation, Burris Logistics, Agro Merchants Group, Kloosterboer, United States Cold Storage, Tippmann Group, VersaCold Logistics Services, Henningsen Cold Storage Co., Coldman, Congebec Inc, Conestoga Cold Storage, NewCold, Hanson Logistics Confederation Freezers, Seafrigo, Trenton Cold Storage, Merchants Terminal Corporation, Stockhabo, to name a few.