The global Cold Chain Logistics Market size was valued at USD 255 billion in 2022 and is expected to surpass around USD 855.26 billion by 2031, expected to grow at a compound annual growth rate (CAGR) of 15.07% during the forecast period 2023 to 2031.The cold chain logistics market, along with the supply chain, is the technology and process that allows for the safe transport of temperature-sensitive goods and products such as fresh agricultural products, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs.

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Top Key Players:

·         Americold Logistics, LLC

·         Burris Logistics

·         Cold Box

·         Conestoga Cold Storage

·         Congebec

·         Lineage Logistics Holding, LLC

·         Nichirei Corporation

·         Tippmann Group

·         United States Cold Storage

·         VersaCold Logistics Services                                                                           

Market Growth:

The global cold chain logistics market is expected to grow during the forecast period. due to a growing demand for refrigerated warehouses in both developed and developing economies. Cold chain logistics, or cold storage transportation, was used during the pandemic to carry out the vaccination increase. This cold chain logistics market is expected to grow as there is a great demand in the pharmaceutical sector. The pharmaceutical market will provide great business for cold chain logistics. The food and beverage industry also makes use of cold chain logistics, and it is expected to boost the demand for cold chain logistics.

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Market Segmentation:

Cold Chain Logistics Market by End-use Industry (Fruits & Vegetables; Bakery & Confectionary; Dairy & Frozen Desserts; Meat, Fish, & Sea Food; Drugs & Pharmaceuticals; and Others), Business Type (Warehousing and By Transportation (Railways, Airways, Roadways and Waterways)): Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2031

Regional Analysis:

North America held the largest revenue share of more than 35% in 2022 and will retain the dominant position throughout the forecast period as the region has significant growth opportunities for the companies planning to invest for the long haul. A growing number of connected devices and a large consumer base are also expected to fuel market growth in the forecast period.

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