As part of the supply chain, temperature-sensitive commodities and items like fresh produce, seafood, frozen foods, photographic film, chemicals, and pharmaceutical medications can be transported safely thanks to technology and processes known as cold chain logistics. It has an effect on all phases of the supply chain, including procurement, shipping, storage, and last-mile delivery. Refrigerated trucks, chilled railcars, chilled cargo and chilled air freight are all possible modes of transportation for the delivery of goods. Utilising temperature-controlled warehouses for storage and cold-insulated delivery trucks for product distribution are further steps in the process.
Australia Cold Chain Market Driving Factors and Challenges
Australia holds the highest proportion of the nation's cold chain logistics business and is one of the major producers and exporters of perishable goods. The expansion of e-commerce in the industry is a further market trend that has given wholesalers and retailers the chance to send their goods directly to clients. The convenience of product availability has prompted the logistics partners to offer facilities for the damage-free movement of these products to consumers. Many products offered through e-commerce distribution channels require cold chain logistics. Despite the growing industry obstacles, these trends and a few more are anticipated to drive the market throughout the projected period. Despite growing market challenges, cold chain logistics is expanding in Australia as more people are purchasing food, meat, pharmaceuticals, and other items that must be delivered end-to-end at a specific temperature. Additionally, the market is expanding as a result of the availability of vaccines, which must be stored in a temperature-controlled environment before being provided to the public.
However, there are still many issues in the Australia Cold Chain industry. The Australian cold chain market still faces significant obstacles, despite the promising development possibilities. The country's vast geography poses a significant challenge by providing logistical challenges to sustaining efficient cold chain operations across several locations. The key to overcoming these obstacles is to strategically create the infrastructure needed, including cold storage facilities and a well-functioning transportation system. Smaller businesses are further hindered from actively participating in the market by the significant upfront costs involved in creating and maintaining a reliable cold chain infrastructure. The requirement for continual monitoring and technology investments to achieve accurate temperature management raises operational expenses, which has an effect on the total profitability of industry participants.
Impact of COVID-19 on Australia Cold Chain Market
The pandemic had a significant influence on the Australian market for cold chain logistics. Along with halting human travel, the sudden closure of Australia's borders and subsequent suspension of passenger routes also had an effect on the country's ability to ship and receive merchandise. Businesses wishing to import and export items found that the old methods were no longer as convenient, and the few options that were still available came at a steep price. With the highest proportion of the nation's cold chain logistics business, Australia plays a significant role in the manufacturing and export of perishable commodities.
Australia Cold Chain Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AGRO Merchants Group, LLC, Americold Logistics, Auscold Logistics PTY Ltd., AustraCold*, Global Cold Chain Solutions, Karras Cold Logistics, Kerry Logistics, MFR Cool Logistics, NewCold Advanced Cold Logistics, PakCan, Others.
Australia Cold Chain Market Segmentation:
By Service: Based on the Service, Australia Cold Chain Market is segmented as; Storage, Transportation, Value-added Services.
By Temperature Type: Based on the Temperature Type, Australia Cold Chain Market is segmented as; Chilled, Frozen.
By Application: Based on the Application, Australia Cold Chain Market is segmented as; Bakery and Confectionery, Dairy Products, Fruits and Vegetables, Meat and Seafood, Pharmaceuticals, Processed Food, Other Applications.
By Region: This research also includes data for Eastern Region, Northern Region, Southern Region, Western Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.