Cold Chain Market Size is Forecasted to Reach USD 948.24 Billion by 2030 Says Precedence Research

The cold chain market demand stood at US$ 232.23 billion in 2021 and is forecast to reach US$ 948.24 billion by 2030, growing at a healthy CAGR of 15.1% from 2021-2030, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.

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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.

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.

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.

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.

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.

Competition Landscape

In the final section of the research report, Precedence Research provided the global cold chain market structure and a detailed competition landscape to provide a dashboard view of key players operating in the cold chain market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the cold chain market include:

Key Companies Profiled

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

Market Segmentation

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)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

• Governmental bodies, and organizations creating economic policies
• National and international social welfare institutions
• Company websites, financial reports and SEC filings, broker and investor reports
• Related patent and regulatory databases
• Statistical databases and market reports
• Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

• Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
• In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

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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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

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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