Product ID: SQMIG45M2009
Report ID:
SQMIG45M2009 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
65 |
Figures:
77
Global Cold Chain Logistics Market size was valued at USD 280.25 Billion in 2022 and is expected to grow from USD 323.97 Billion in 2023 to reach USD 1033.16 Billion by 2031, at a CAGR of 15.60% during the forecast period (2024-2031).
Cold chain logistics extend the useful shelf life of the product, enabling the providers to reach out to other markets and satisfy the enormous local demand. The cold chain also has benefits like the ability to maximise inventory accuracy, shorten cycle times, increase supply chain efficiency, lower costs for operations, and extend shelf life by minimising contamination and spoilage.
The advantages provided by the solution have gained popularity in supply chain-related businesses and services. The importance of the cold chain in supply chain solutions has increased due to the shifting nature of the global economy and the significantly rising demand for goods produced by industries that operate under temperature control, particularly fresh produce, manufactured goods, and pharmaceutical vaccines. It facilitates the safe and palatable transportation of perishable goods and food items.
Cold chain logistics consists of elements like temperature-controlled warehouses for product storage and cold-insulated delivery vehicles. Growing government subsidies have made it possible for service providers to enter these burgeoning markets with creative transportation-related solutions. For products that need to be transported and stored under ideal temperatures, cold chain services are designed. Cold chain operations have seen a significant increase due to the rising demand for perishable goods and the quick delivery requirements associated with the e-commerce based food and beverage delivery market.
US Cold Chain Logistics Market is poised to grow at sustainable CAGR for the next forecast year.
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Product ID: SQMIG45M2009