Press Release-Cold Chain Logistics Market to Reach Valuation of USD 464.0 Million by 2028 – the Increasing Amount of FDI the Market forCold Chain Logisticsis Expected to Grow
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Cold Chain Logistics Market to Reach Valuation of USD 464.0 Million by 2028 – the Increasing Amount of FDI the Market forCold Chain Logisticsis Expected to Grow
In terms of revenue, the Global Cold Chain Logistics Market is expected to reach USD 464.0 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 14.2% from 2022 to 2028.
The technique and method, known as "Cold Chain Logistics Market" enables the supply chain to safely move temperature-sensitive commodities and products such as fresh produce, seafood, frozen foods, photographic film, chemicals, and pharmaceutical medications. Every phase of the supply chain is affected, including procurement, transportation, storage, and last-mile delivery. The market will expand more quickly because of the rising use of this software in various Cold Chain Logistics Market-dependent businesses. There will be a growing need for cold storage logistics as there is an increase in distribution channels, such as supermarkets, hypermarkets, and various styles of convenience stores.
Key Highlights from Report:
Market Dynamics:
Cold chains are crucial for extending marketing, avoiding capacity issues, minimizing traffic jams during peak hours, and preserving product quality. The number of refrigerated warehouses is forecast to rise, and the pharmaceutical industry is anticipated to expand, two factors that will fuel the market for Cold Chain Logistics Market. Additionally, it is projected that expansion in the processed food industry will accelerate market expansion. The market expansion, however, is constrained by issues such as a lack of standardization and expensive operating costs. On the other hand, adopting the software for Cold Chain Logistics Market and using radiofrequency identification (RFID) technology for cold chain applications offer lucrative potential opportunities for the market's participants.
The Asia Pacific is anticipated to develop at the fastest rate. The rising government measures to strengthen the infrastructure for cold chain services are projected to propel the market's expansion. Dairy, meat, and processed food are in high demand in China, Japan, India, and South Korea. It is hoped that this will encourage market expansion. In addition, rising foreign direct investments in the healthcare industry are anticipated to fuel market expansion.
The Global Cold Chain Logistics Market is Segmented as follows:
List of the Key Players of the Global Cold Chain Logistics Market is:
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The Global Cold Chain Logistics Market Scope can be Tabulated as below:
Parameter
Details
Market Size Provided for Years
2016-2028
Base Year
2021
Historic Years
2016-2020
Forecast Years
2022-2028
Segments Covered
Region & Counties Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
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Cold Chain Logistics Market to Reach Valuation of USD 464.0 Million by 2028 – the Increasing Amount of FDI the Market forCold Chain Logisticsis Expected to Grow
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