The Perishable Goods Transportation Global Market Report 2023 by The Business Research Company, provides perishable goods transportation market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Perishable Goods Transportation Global Market Report 2023, the global perishable goods transportation market size is expected to grow from $12.65 billion in 2022 to $13.74 billion in 2023 at a compound annual growth rate (CAGR) of 8.61%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global perishable goods transportation market size is expected to reach $18.67 billion in 2027 at a CAGR of 7.97%.
The rising demand for processed food is expected to propel the growth of the perishable goods transportation market going forward. Processed food refers to food products that have been through a series of mechanical and chemical operations to produce a final product. They are foods that are usually packaged in boxes. Most processed foods are perishable goods that have to be transported quickly and at a certain temperature. Perishable goods transportation is used to transport processed food in refrigerated ships with air circulation systems to ensure the food’s freshness.
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The perishable goods transportation market is segmented:
1) By Product: Meat, Fish and Seafood, Dairy and Frozen Desserts, Vegetables and Fruits, Bakery and Confectionary
2) By Technology: Isothermal, Reefer, Freezer
3) By Mode of Transportation: Sea, Air, Rail, Road
Product innovations are a key trend gaining popularity in the perishable goods transportation market. Major companies operating in the perishable goods transportation market are focused on developing new technological solutions to strengthen their position. For instance, in September 2022, PBX GmbH, an Austrian-based start-up developer, producer, and marketer of transport refrigeration solutions, launched the first refrigeration unit for electric vehicles, the “Ecos M24.” It is the first market-ready propane solution for transport refrigeration. The unique feature of this unit is that it is completely electric, hermetic, and has zero emissions. The unit can transport temperature-sensitive perishable goods to their destination reliably and without the emission of any CO2.
The perishable goods transportation market report table of contents includes:
- Executive Summary
- Perishable Goods Transportation Market Characteristics
- Perishable Goods Transportation Market Trends And Strategies
- Perishable Goods Transportation Market – Macro Economic Scenario
- Perishable Goods Transportation Market Size And Growth
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- Africa Perishable Goods Transportation Market
- Perishable Goods Transportation Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Perishable Goods Transportation Market
- Perishable Goods Transportation Market Future Outlook and Potential Analysis
- Appendix
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