The deep frozen packaging logistics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Deep Frozen Packaging Logistics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The deep frozen packaging logistics market size has grown strongly in recent years. It will grow from $20.82 billion in 2023 to $22.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growth in the pharmaceutical industry, increased international trade of perishable goods, rise of online grocery shopping and home delivery services, stricter food safety and quality regulations, increased investment in cold chain infrastructure, growing number of clinical trials, increase in agricultural exports requiring deep frozen conditions.
The deep frozen packaging logistics market size is expected to see strong growth in the next few years. It will grow to $31.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to growth in the pharmaceutical industry, demand for eco-friendly and sustainable packaging solutions, investment in research and development, developments in the retail sector, rising healthcare expenditures, growing awareness of food safety and pharmaceutical efficacy. Major trends in the forecast period include advanced insulation technology, implementation of IoT devices for real time monitoring, enhanced use of AI for predictive analytics and optimization, geographical expansion, enhanced use of big data analytics, expansion of cold storage facilities, advanced risk management practices to mitigate disruptions, development of novel packaging materials, integration of various transportation modes.
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Scope Of Deep Frozen Packaging Logistics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Deep Frozen Packaging Logistics Market Overview
Market Drivers –
The increase in online grocery shopping is expected to propel the growth of the deep-frozen packaging logistics market going forward. Online grocery shopping involves buying groceries through websites and apps. Online grocery shopping is growing due to its convenience, time savings, broad product selection, busy lifestyles, technological advancements, competitive pricing, and improved delivery services. Deep frozen packaging logistics ensure that frozen foods, such as vegetables, meats, and ready-to-eat meals, are kept at low temperatures during transit. This prevents spoilage, maintains nutritional value, and ensures the products reach customers optimally. For instance, in June 2022, the Institute of Grocery Distribution (IGD), a UK-based trade association for food and grocery chains, estimated the value of the UK retail grocery market at $282 billion (£217 billion) and projected it would increase by 11.3% to $313 billion (£241 billion) by 2027. Therefore, the increase in online grocery shopping is driving the growth of the deep-frozen packaging logistics market.
Market Trends –
Major companies operating in the deep-frozen packaging logistics market are developing ultra-low temperature-controlled logistics services to meet the stringent requirements of transporting and storing deep-frozen products. Ultra-low temperature-controlled logistics services maintain the integrity and safety of deep-frozen products by ensuring they remain at the required ultra-low temperatures, typically below -60°C, during transportation and storage. For instance, in June 2022, Nippon Express, a Japan-based logistics company, launched an ultra-low temperature-controlled logistics service for the pharmaceutical industry, capable of handling goods requiring temperatures between -20°C and -85°C. This service focuses on the pharmaceutical industry and implements quality control systems and infrastructure improvements globally to meet Good Distribution Practices (GDP) standards.
The deep frozen packaging logistics market covered in this report is segmented –
1) By Type: Air Transport, Land Transport, Maritime Transport
2) By Materials: Clinical Trials, Cell And Gene Therapies, Reagents, Cell Culture Media
3) By Application: Food Industry, Medical Industry, Other Applications
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Regional Insights –
Europe was the largest region in the deep frozen packaging logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the deep frozen packaging logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the deep frozen packaging logistics market are Cardinal Health Inc., DHL, United Parcel Service of America Inc., FedEx Corporation, Kuehne + Nagel International AG, Sonoco ThermoSafe, Catalent Inc., Marken, Glatt group, Cryoport Systems LLC, BioLife Solutions Inc., Biocair, CEVA Logistics, va-Q-tec, Envirotainer, Csafe, Peli BioThermal Limited, SkyCell AG, Cryopak, World Courier, Yourway, Intelsius, B.P.L. GmbH, WuliuAir, Chill-Pak.com
Table of Contents
1. Executive Summary
2. Deep Frozen Packaging Logistics Market Report Structure
3. Deep Frozen Packaging Logistics Market Trends And Strategies
4. Deep Frozen Packaging Logistics Market – Macro Economic Scenario
5. Deep Frozen Packaging Logistics Market Size And Growth
…..
27. Deep Frozen Packaging Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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