Cold Chain Logistics Outsourcing Market is Projected to Reach $585,105.6 Million by 2026, Registering a CAGR of 17.9% from 2020 To 2027

Cold chain is a combination of temperature-controlled surface transport and supply chain. It refers to the freezing solutions planned to maintain the quality and shell life of the products, such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs. Cold chains are essential for extending period of marketing, avoiding over capacity, reducing transport bottlenecks during peak period, and maintaining quality of product. The process involves the utilization of temperature-controlled warehouses for storage and cold insulated transport vehicles for products’ distributions. Cold chain logistics solutions are widely used to transport and store fruits, vegetables, meat, beef, medicines, and drugs. Transportation modes used are refrigerated trucks, refrigerated railcars, refrigerated cargo, and air cargo.

Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before using third party logistics providers (3PLs). New technologies that provide information during shipments are transforming the way companies work with these providers – and allowing them to stay ahead of the competition in their industries. As 3PL services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using logistics outsourcing solutions to power their supply chains.

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Key Players:

  • Kloosterboer
  • Americold Logistics
  • Interstate Warehousing
  • VersaCold Logistics
  • Nichirei Logistics
  • AGRO Merchants
  • Cryoport
  • Burris Logistics
  • Swire Cold Storage
  • Lineage Logistics
  • Preferred Freezer

By Types:

  • Chilled
  • Frozen

By Applications:

  • Fruits & Vegetables
  • Bakery & Confectionery Products
  • Dairy & Frozen Desserts
  • Fish, Meat, And Seafood Products
  • Others

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Cold chain logistics refers to a combination of temperature-controlled surface transportation, distribution, and storage activities. Cold chain provides freezing solutions planned to maintain the quality and shell life of the products, such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs. Moreover, cold chains are essential to avoid over capacity, reduce transport bottlenecks during peak period, and maintain quality of the product.

Cold chain logistics plays an important role in reducing the wastages of the perishable products and commodities overall providing remunerative prices to the farmers. For pharmacy industry, cold chain logistic plays an important role in increasing the efficacy of the drug throughout the supply chain to the end consumers.

Factors such as increase in number of refrigerated warehouses, processed food sector and growth in pharmaceutical sector are expected to drive the growth of the cold chain logistics trend.

Factors such as lack of standardization and high operational cost restrain the growth of market. Furthermore, RFID technologies for cold chain applications and adoption of software provide lucrative growth opportunity for the cold chain logistics market players.

Get more information on this report: Global Cold Chain Logistics Outsourcing Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026

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