DUBLIN--(BUSINESS WIRE)--The "Cold Chain Logistics Market by End Use Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global cold chain logistics market size was valued at $159,988.1 million in 2018, and is projected to reach $585,105.6 million by 2026, registering a CAGR of 17.9% from 2019 to 2026.
- This study presents the analytical depiction of the global cold chain logistics market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the market.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers.
Factors such as increase in number of refrigerated warehouses and growth in pharmaceutical sector drive the growth of the market. In addition, surge in processed food sector is anticipated to drive the growth of cold chain logistics industry. However, lack of standardization and high operational cost restrain the market. Furthermore, RFID technologies for cold chain applications and adoption of automated software are anticipated to provide a remarkable growth opportunity for the players operating in the market.
Asia-Pacific dominates the market, followed by Europe, North America, Europe, and LAMEA. China dominated the global cold chain logistics market share in 2018, whereas Africa is expected to grow at a significant rate during the forecast period.
In cold chain logistics market, the major technologies that are used to provide temperature-controlled environment during transportation involves dry ice, gel packs, Eutectic plates, liquid nitrogen, quilts, and reefers. Dry ice (solid carbon dioxide) is around -80C and has the capability to keep the shipments at a low temperature for an extended time. Major share of medicinal and pharmaceutical shipments is classified as chilled products, which are required to be stored in the range of 2 and 8C.
Gel pack which consist of phase changing substance that can go from liquid to solid and vice versa is a common method to provide low temperature. Eutectic plates also known as cold plates works on the same principal as gel packs. Instead, liquid used in these plates can be reused many times. Liquid nitrogen is mainly used for the transportation of biological cargo such as organs and tissues. It is very important that the refrigeration units are designed to maintain the temperature within the preferred range and avoid variation in the temperature. As any deviation would hamper the cold chain logistics market growth.
The market is segmented based on end use industry and region. Based on end use industry, market is categorized into fruits & vegetables, bakery & confectionary, dairy & frozen desserts, meat, fish & sea food, drugs & pharmaceuticals, and others. Based on region, cold chain logistics market analysis is done across North America, Europe, Asia-Pacific, and LAMEA.
In cold chain logistics market, intermodal transportation of good requires dedicated storage yards on the transport terminals, namely ports, which accounts for around 1-5% of the total terminal capacity and can be higher in the region with an important reefer trade such as Philadelphia region. The task is labor dependent as each container should be plugged & unplugged manually and monitor the temperature inside the reefers should be monitored regularly.
Reefer stacking areas are usually dependent on the three approaches such as wheeled storage, stacked storage, and rack storage. In wheeled storage reefers are placed on the chassis and are moved to the parking where each parking slot has a plug for electric reefers. In addition, yard equipment such as reach stackers are used to stack the reefers up to three in height in stacked storage. Furthermore, in rack storage, reefers are stacked and stored in the rack systems that can hold around 20-30 reefers. The need of cold storage and refrigerated transportation is propelling the cold chain logistics market trends.
The key players including AmeriCold Logistics, LLC, Lineage Logistics Holdings, LLC, VersaCold Logistics Services, AGRO Merchants Group, LLC, Nichirei Logistics Group Inc., Preferred Freezer Services, Congebec Logistics Inc., Burris Logistics Inc., Conestoga Cold Storage, Tippmann Group, and others hold major share in cold chain logistics market.
- Based on end use industry, the meat fish & sea food segments generated the highest revenue in 2018.
- Based on country, Africa is anticipated to exhibit the highest CAGR during the forecast period.
- Based on region, Asia-Pacific contributed the highest market revenue in cold chain logistics market size in 2018, followed by North America, Europe, and LAMEA.
Key Topics Covered
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter's five forces analysis
3.4. Market share analysis (2017)
3.5. Market dynamics
22.214.171.124. Increase in refrigerated warehouses
126.96.36.199. Growth in pharmaceutical sector
188.8.131.52. Growth in processed food sector
184.108.40.206. Lack of standardization
220.127.116.11. High operational cost
18.104.22.168. RFID technologies for cold chain applications
22.214.171.124. Adoption of automated software for cold chain logistics
CHAPTER 4: COLD CHAIN LOGISTICS MARKET, BY END USE INDUSTRY
4.2. Fruits & Vegetables
4.3. Bakery & Confectionary
4.4. Dairy & Frozen Desserts
4.5. Meat, Fish & Sea Food
4.6. Drugs & Pharmaceuticals
4. 7. Others
CHAPTER 5: COLD CHAIN LOGISTICS MARKET, BY REGION
5.2. North America
CHAPTER 6: COMPANY PROFILES
6. 1. Americold Logistics, LLC
6. 2. Lineage Logistics Holdings, LLC
6. 3. Versacold Logistics Services
6. 4. Agro Merchants Group, LLC
6. 5. Nichirei Logistics Group Inc. (Nichirei Corporation)
6. 6. Preferred Freezer Services (U.S.)
6. 7. Congebec Logistics Inc.
6. 8. Burris Logistics Inc.
6. 9. Conestoga Cold Storage
6. 10. Tippmann Group (Interstate Warehousing, Inc.)
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