Product ID: SQMIG45M2009
Report ID:
SQMIG45M2009 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
65 |
Figures:
77
North America holds the largest market share in the global cold chain logistics market and is expected to grow at a CAGR of 15.56% during the forecast period. The region, particularly Canada and the United States, is experiencing rapid growth due to factors such as increasing urbanization, a rising demand for organic food, and a shift towards healthier dietary lifestyles. Canada, with its significant fishing zones, is expected to contribute to the growth of the cold chain logistics market. The United States, on the other hand, benefits from a stringent regulatory environment and a growing demand for packaged food. The rapid growth of e-commerce in the United States, particularly for grocery and perishable goods delivery, has led to increased outsourcing of cold storage and transportation to third-party service providers, further fueling the market.
Europe is projected to grow at a CAGR of 15.11% over the forecast period. The region holds a substantial revenue share in the cold chain logistics market, driven by changing consumer behavior and the growth of e-commerce supported by technological advancements. Europe is one of the largest markets for cold chain logistics, with significant storage capacity. The total storage capacity in Europe was approximately 112 cubic meters, with countries like Turkey and Great Britain showing notable growth in storage space. The European pharmaceutical industry, being one of the largest globally, also contributes to the development of the regional market.
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Product ID: SQMIG45M2009