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The North America cold chain logistics market size is forecast to increase by USD 111.74 billion at a CAGR of 16.4% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends and challenges. One of the primary growth factors is the increased adoption of sustainable initiatives in cold chain logistics. This includes the use of renewable energy sources, such as solar and wind energy, to power cold storage facilities, as well as the implementation of energy-efficient technologies to reduce operational costs. Another trend is the introduction of blockchain technology in the logistics industry, which is expected to enhance supply chain transparency, traceability, and security. However, operational barriers in pharmaceutical cold chain logistics, such as high operational costs and the need for specialized equipment and infrastructure, continue to pose challenges to market growth. Additionally, the increasing complexity of global supply chains and the need for real-time temperature monitoring and control are further complicating the cold chain logistics landscape in North America.
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The market is witnessing significant growth due to the increasing demand for temperature-sensitive products, particularly in e-commerce and organized retail sectors. The market is driven by the need for temperature-controlled storage and transportation methods for perishable goods such as meat and seafood, pharmaceuticals, and produce. Automated refrigerated warehouses and distribution centers are increasingly being adopted to ensure optimal inventory management and maintain the required temperature conditions. Refrigeration technology, IoT, and cloud computing are key technologies driving the market's growth. These technologies enable real-time monitoring and tracking of temperature-controlled storage and transportation, ensuring food safety and reducing carbon footprint. Temperature-controlled methods, such as refrigerated trucks and insulated packaging technologies, are essential for maintaining the integrity of temperature-sensitive products during transportation.
Moreover, chill chain logistics, including vaccine distribution, is a significant application of cold chain logistics. Blockchain technology is also being explored to enhance transparency and traceability in the cold chain supply chain. Overall, the market is expected to grow steadily due to the increasing demand for temperature-controlled methods in various industries and the adoption of advanced technologies to optimize operations.
The North America cold chain logistics market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The refrigerated warehouse segment is estimated to witness significant growth during the forecast period. The North American cold chain logistics market is witnessing significant growth due to the increasing demand for freezing and insulated packaging technologies in preserving the freshness, nutritional value, and potency of perishable goods. Refrigerated trucks, refrigerated trailers, and warehouses equipped with temperature monitoring and quality control procedures play a crucial role in maintaining the required temperature conditions for various commodities, including fruits, vegetables, meats, dairy, and bakery and confectionery products. Insulation materials, energy-efficient refrigeration units, real-time temperature monitoring through GPS tracking, and automation are key market trends.
Consumer awareness, rising population, and changing consumer preferences for fresh and healthy food items are driving the demand for advanced cold chain facilities and refrigerated transport through airways, roadways, seaways, and railways. The seasonality of certain commodities and the need for chilled and frozen storage further boost the market growth. Data analytics and automation are also transforming the cold chain logistics landscape by enabling efficient temperature management and reducing the risk of microorganisms causing degradation.
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The refrigerated warehouse segment was valued at USD 38.03 billion in 2018 and showed a gradual increase during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased adoption of sustainable initiatives is the key driver of North American cold chain logistics market growth. In North America, cold chain logistics plays a crucial role in ensuring the quality and safety of perishable items, particularly in sectors such as food manufacturing, pharmaceuticals, and agriculture. Temperature control technologies, including refrigerated warehouses and distribution centers, are essential for maintaining the required temperature conditions in frozen food cold chains. However, these temperature-controlled methods also come with associated costs and environmental concerns. Transportation networks, which account for a significant portion of cold chain logistics expenses, are a major contributor to these concerns. Traditional diesel-powered refrigerated units produce high levels of NOx emissions and particulate matter. To mitigate these issues, cold chain logistics providers are increasingly turning to eco-friendly alternatives, such as electric vehicles powered by renewable energy sources.
Moreover, technology plays a significant role in enhancing the efficiency and transparency of cold chain logistics. Monitoring systems, blockchain technology, traceability, and fraud prevention are some of the areas where technology providers are making a difference. Artificial intelligence (AI) and data analysis help in irregularities detection, ensuring compliance with regulations, and optimizing logistics operations. E-commerce platforms and retailers also benefit from these advancements, as they require seamless and efficient cold chain logistics to meet consumer demands. Pharmaceutical businesses and healthcare providers, in particular, must adhere to stringent regulations, making technology adoption a necessity. Agricultural producers also face unique challenges, as they need to ensure the freshness and quality of their produce during transportation and storage.
Further, the fluctuating fuel prices, such as petrol, diesel, and Brent crude oil, further add to the complexity of cold chain logistics. Logistics expenses are a significant concern for all stakeholders, making cost-effective and sustainable solutions a priority. Cold chain logistics providers must balance these challenges while ensuring the integrity and safety of the perishable items they transport.
The introduction of blockchain technology in logistics industry is the upcoming trend in the global North America cold chain logistics market. Cold chain logistics refers to the transportation and storage of perishable items under temperature-controlled methods. Refrigerated warehouses and distribution centers play a crucial role in maintaining the required temperature for these items. Packing materials and monitoring systems are essential components to ensure the integrity of the goods during transportation. The distribution centers and transportation networks are interconnected, requiring seamless communication and coordination. Blockchain technology is revolutionizing cold chain logistics by providing a secure and transparent platform for all stakeholders. It uses a decentralized system of cryptographically protected records and transactions, eliminating the need for a central authority. This technology enhances traceability, fraud prevention, and data analysis capabilities.
Moreover, e-commerce platforms, food manufacturers, pharmaceutical businesses, technology providers, retailers, healthcare providers, and agricultural producers are some of the key industries benefiting from this innovation. The implementation of blockchain technology in cold chain logistics helps reduce logistics expenses and improve efficiency. Fluctuating fuel prices for petrol, diesel, and Brent crude oil pose challenges, but blockchain technology can help mitigate these costs by optimizing the supply chain and reducing irregularities. Pharmaceutical regulators and healthcare providers can ensure the authenticity and safety of temperature-sensitive pharmaceuticals, while food manufacturers can guarantee the freshness and quality of their products. Overall, blockchain technology offers a cost-effective and efficient solution for cold chain logistics stakeholders.
Operational barriers in cold chain logistics and increasing operational costs is a key challenge affecting North America cold chain logistics market growth. In North America, the cold chain logistics market encompasses the utilization of temperature control technologies to preserve the quality and integrity of perishable items, such as food and pharmaceuticals. This involves the establishment of refrigerated warehouses and distribution centers, which employ temperature-controlled methods to maintain optimal conditions. The increasing reliance on technology, including monitoring systems, packing materials, and transportation networks, necessitates significant investment. Moreover, the adoption of advanced technologies like blockchain technology, traceability, fraud prevention, artificial intelligence (AI), data analysis, and irregularities detection is transforming the cold chain logistics landscape. E-commerce platforms, food manufacturers, pharmaceutical businesses, technology providers, and various stakeholders are leveraging these technologies to ensure the secure and efficient movement of goods.
However, the market faces challenges such as fluctuating fuel prices, which impact logistics expenses. The cost of petrol, diesel, and Brent crude oil can significantly affect the operational costs of cold storage and transportation. Retailers, pharmaceutical regulators, healthcare providers, and agricultural producers are all affected by these rising costs, putting pressure on their profit margins. Despite these challenges, the market is expected to grow due to the increasing demand for chilled storage and the need for temperature-sensitive goods to be transported efficiently.
The North America cold chain logistics market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the North American cold chain logistics market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Americold Realty Trust Inc. - The company offers cold chain logistic solutions that provide comprehensive temperature-controlled storage and advanced technology services.
The North America cold chain logistics market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The cold chain logistics market in North America is witnessing significant growth due to the increasing demand for temperature-sensitive products, particularly in the food value chain and pharmaceutical sectors. The market is driven by the rise of e-commerce and organized retail stores, which require efficient inventory management systems and temperature-controlled storage solutions. Automated refrigerated warehouses and distribution centers are becoming increasingly popular to ensure optimal storage conditions for perishable goods such as fruits and vegetables, dairy products, processed food, fish, meat and seafood, and bakery and confectionaries. The market is also witnessing the adoption of advanced technologies like cloud computing, IoT, and monitoring components to enhance efficiency and reduce carbon footprint.
Moreover, stringent regulations and quality standards in the food safety industry are driving the adoption of refrigeration technology and temperature-controlled storage solutions. The transportation segment is also expected to grow due to the increasing demand for vaccine distribution and the need for temperature-controlled transportation for pharmaceuticals and other temperature-sensitive products. The market can be segmented into storage, transportation, monitoring, product, and materials segments. The storage segment includes refrigerated storage facilities, while the transportation segment includes temperature-controlled transportation solutions. The monitoring segment includes monitoring devices used for temperature monitoring and tracking. The product segment includes fruits and vegetables, dairy products, processed food, fish, meat and seafood, pharmaceuticals, and bakery and confectionaries. The materials segment includes packaging materials used for temperature-sensitive products. Exports of temperature-sensitive products from North America are also expected to drive North America cold chain logistics market growth.
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Market Scope |
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Report Coverage |
Details |
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Page number |
160 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.4% |
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Market growth 2024-2028 |
USD 111.74 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
12.7 |
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Key companies profiled |
Americold Realty Trust Inc., ArcBest Corp., Burris Logistics Co., C H Robinson Worldwide Inc., Conestoga Cold Storage, COVENANT LOGISTICS GROUP INC., Deutsche Bahn AG, DHL Express Ltd, Expeditors International of Washington Inc., FedEx Corp., J B Hunt Transport Services Inc., KLLM Transportation Services, Lineage Logistics Holdings LLC, MARTEN TRANSPORT LTD., NewCold Cooperatief UA, NFI Industries Inc., Prime Inc., Tippmann Group, Total Quality Logistics LLC, and XPO Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles,market forecast , fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our North American cold chain logistics market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this North American cold chain logistics market research and growth report to meet your requirements Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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