PUBLISHER: The Business Research Company | PRODUCT CODE: 1526931
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526931
Deep frozen packaging logistics refer to the comprehensive process of packaging, storing, and transporting products that require ultra-low temperatures to maintain their integrity and quality. This process involves the use of specialized packaging materials and technologies to ensure thermal insulation, advanced cold chain monitoring systems for real-time temperature tracking, and adherence to stringent regulatory standards to guarantee safety and compliance.
The main types of deep frozen packaging logistics include air transport, land transport, and maritime transport. Air transport involves using airplanes to move goods quickly over long distances. This method is used for transporting various materials such as clinical trials, cell and gene therapies, reagents, and cell culture media for the food industry, medical industry, and other sectors.
The deep frozen packaging logistics market research report is one of a series of new reports from The Business Research Company that provides deep frozen packaging logistics market statistics, including the deep frozen packaging logistics industry global market size, regional shares, competitors with deep frozen packaging logistics market share, detailed deep frozen packaging logistics market segments, market trends, and opportunities, and any further data you may need to thrive in the deep frozen packaging logistics industry. These deep frozen packaging logistics market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 several factors, including growth in the pharmaceutical industry, increased international trade of perishable goods, the rise of online grocery shopping and home delivery services, stricter food safety and quality regulations, increased investment in cold chain infrastructure, a growing number of clinical trials, and an 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 several factors, including growth in the pharmaceutical industry, increased demand for eco-friendly and sustainable packaging solutions, investment in research and development, developments in the retail sector, rising healthcare expenditures, and a growing awareness of food safety and pharmaceutical efficacy. Major trends in the forecast period include the advancement of insulation technology, the implementation of IoT devices for real-time monitoring, the enhanced use of AI for predictive analytics and optimization, geographical expansion, increased utilization of big data analytics, the expansion of cold storage facilities, advanced risk management practices to mitigate disruptions, the development of novel packaging materials, and the integration of various transportation modes.
The growth of online grocery shopping is expected to drive the expansion of the deep-frozen packaging logistics market. Online grocery shopping entails purchasing groceries through websites and apps, and its popularity is increasing due to its convenience, time-saving nature, wide product selection, busy lifestyles, technological advancements, competitive pricing, and improved delivery services. Deep-frozen packaging logistics play a crucial role in maintaining low temperatures during transit to ensure the quality and freshness of frozen foods such as vegetables, meats, and ready-to-eat meals. This prevents spoilage, preserves nutritional value, and ensures optimal delivery to customers. For example, in June 2022, the Institute of Grocery Distribution (IGD) estimated the value of the UK retail grocery market at $282 billion (£217 billion) and projected a growth to $313 billion (£241 billion) by 2027, reflecting an increase in online grocery shopping and its impact on the market for deep-frozen packaging logistics.
Leading companies in the deep-frozen packaging logistics market are innovating by developing ultra-low temperature-controlled logistics services to meet the stringent requirements of transporting and storing deep-frozen products. These services maintain the integrity and safety of deep-frozen items by ensuring they are kept at ultra-low temperatures, typically below -60°C, throughout transportation and storage. For instance, in June 2022, Nippon Express introduced 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 prioritizes the pharmaceutical sector and implements quality control systems and infrastructure enhancements globally to comply with Good Distribution Practices (GDP) standards.
In August 2021, Wavepoint 3PL, a US-based logistics firm, acquired Alcor Cold Storage to strengthen its position in the cold storage market and offer comprehensive single-source supply chain solutions. This acquisition integrates Alcor's refrigerated warehousing network and services into Wavepoint 3PL's offerings. Alcor Cold Storage specializes in temperature-controlled storage for perishable goods, providing advanced refrigeration, warehousing, and logistics solutions.
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
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.
The countries covered in the deep frozen packaging logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The deep-frozen packaging logistics market includes revenues earned by entities by providing services such as controlled transport, specialized packaging, cold storage, real-time monitoring, and logistics management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Deep Frozen Packaging Logistics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on deep frozen packaging logistics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for deep frozen packaging logistics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The deep frozen packaging logistics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.