North America Cold Chain Logistics Market Growth, Size, Trends, Revenue and Future Outlook
North America Cold Chain Logistics Market Size- By Type, By Packaging Type, By Packaging Material, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AMIN24100 | Pages: 1 - 158 | Formats*: |
| Category : Automotive & Transportation | |||
North America Cold Chain Logistics Market Introduction and Overview
According to SPER Market Research, the North America Cold Chain Logistics Market is estimated to reach USD XX Billion by 2033 with a CAGR of 16.1%.
The report includes an in-depth analysis of the North America Cold Chain Logistics Market, including market size and trends, product mix, applications, and supplier analysis. The term "cold chain" refers to the temperature-controlled methods, facilities, and equipment used to transport, store, and handle perishable items. It includes refrigerated trucks, warehouses, packing materials, and monitoring systems that keep the products' temperatures within the desired range.
- July 2020: LINEAGE LOGISTICS HOLDINGS, LLC announced the acquisition of Ontario Refrigerated Services, Inc., a family-owned firm that provides refrigerated storage. Lineage Logistics, LLC sought to establish a footprint in Canada with the acquisition.
- May 2020: Americold Logistics, Inc. and Ahold Delhaize USA, a subsidiary of Ahold Delhaize, have announced a partnership arrangement. The arrangement sought to create two fully automated freezing facilities/warehouses. The facilities, which covered 500,000 square feet, were located in Plainville, Connecticut.
Market Opportunities and Challenges
In the North American cold chain sector, there are many opportunities for growth and advancement. One such potential is to build cold chain networks to meet the increasing demand for temperature-sensitive items. This expansion involves the construction of new warehouses, distribution centres, and transportation networks. Furthermore, the introduction of blockchain technology provides additional opportunity for growth. Blockchain technologies promote transparency, traceability, and trust within the cold chain ecosystem, hence preventing fraud and ensuring compliance. Furthermore, the use of artificial intelligence (AI) can transform cold chain operations by analysing data, forecasting demand patterns, and optimising inventory management. AI systems can also detect irregularities and provide predictive maintenance for equipment. Finally, collaboration and collaborations between cold chain logistics providers and other industries, such as e-commerce platforms, food manufacturers, pharmaceutical businesses, and technology providers, can result in integrated and specialised solutions that address specific industry demands.
Fluctuating fuel prices are a substantial barrier to market growth. Cold chain logistics firms employ petrol and diesel for transportation. These fuels are utilised to power both transportation vehicles and the refrigeration equipment in most automobiles. The gasoline is used by the main traction engine, which creates power for the refrigeration unit's electric motor. Medium to big vehicles often employ self-contained diesel engines for this purpose. However, the prices of petrol and diesel, which are derived from Brent crude oil, have fluctuated due to an imbalance in demand and supply. These variations have a direct impact on petrol and diesel prices, affecting vendors' profitability. As a result, the cold chain logistics market in North America may face negative growth throughout the forecast period.
Market Competitive Landscape
The North American cold chain market is extremely competitive, with several important competitors vying for a competitive advantage. The major key players in the North America Cold Chain Logistics Market are: Americold Logistics, Inc., Burris Logistics, CONESTOGA REFRIGERATED STORAGE, LINEAGE LOGISTICS HOLDING, LLC, NFI Industries, NewCold, Penske, Seafrigo Group, Sonoc ThermoSafe (Sonoco Products Company), Tippmann Group, United States Refrigerated Storage, Wabash National Corporation, Others. To address changing client demands, these organisations focus on increasing cold storage capacity, investing in technology, and providing value-added services.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Packaging Type, By Packaging Material, By Application |
| Regions covered | Canada, Mexico, US, Rest of North America |
| Companies Covered | Americold Logistics Inc, Burris Logistics, CONESTOGA REFRIGERATED STORAGE, LINEAGE LOGISTICS HOLDING, LLC, NFI Industries, NewCold, Penske, Seafrigo Group, Sonoc ThermoSafe (Sonoco Products Company), Tippmann Group, United States Refrigerated Storage, Wabash National Corporation, Others |
COVID-19 Impact on North America Cold Chain Logistics Market
The COVID-19 epidemic became a global issue, spreading from China to Europe and the United States, severely disrupting supply networks globally. In North America, the pandemic initially impacted operations due to lockdowns and restrictions, although critical goods supply was maintained under rigorous safety procedures. E-commerce grew rapidly, particularly for perishable goods, increasing need for chilled storage and distribution. This resulted in increased logistics expenses. The pandemic accelerated growth in the cold chain business, notably for food and pharmaceuticals, as manufacturers sought to increase shelf life. The transition to a cold chain system is likely to spur additional growth in the North American cold chain industry.
Key Target Audience:
- Food and Beverage Companies
- Pharmaceutical and Healthcare Companies
- Retailers
- Logistics and Transportation Providers
- Cold Storage Facility Operators
- Government and Regulatory Agencies
- Research and Development Institutions
- Pharmaceutical Regulators
- Healthcare Providers
- Agricultural Producers
- Others
Our in-depth analysis of the North America Cold Chain Logistics Market includes the following segments:
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Key Topics Covered in the Report:
- North America Cold Chain Logistics Market Size (FY’2024-FY’2033)
- Overview of North America Cold Chain Logistics Market
- Segmentation of North America Cold Chain Logistics Market By Type (Monitoring Components, Storage, Transportation)
- Segmentation of North America Cold Chain Logistics Market By Packaging Type (Cold Packs, Crates, Insulated Containers & Boxes, Labels, Temperature-controlled Pallet Shippers)
- Segmentation of North America Cold Chain Logistics Market By Packaging Material (Insulating Materials, Refrigerants)
- Segmentation of North America Cold Chain Logistics Market By Application (Bakery & confectionary, Dairy products, Fish, meat, and seafood, Fruits & vegetables, Fruits pulp & concentrates, Pharmaceuticals, Processed food, Others)
- Statistical Snap of North America Cold Chain Logistics Market
- Expansion Analysis of North America Cold Chain Logistics Market
- Problems and Obstacles in North America Cold Chain Logistics Market
- Competitive Landscape in the North America Cold Chain Logistics Market
- Impact of COVID-19 and Demonetization on North America Cold Chain Logistics Market
- Details on Current Investment in North America Cold Chain Logistics Market
- Competitive Analysis of North America Cold Chain Logistics Market
- Prominent Players in the North America Cold Chain Logistics Market
- SWOT Analysis of North America Cold Chain Logistics Market
- North America Cold Chain Logistics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Cold Chain Logistics Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Cold Chain Logistics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Cold Chain Logistics Market
7. North America Cold Chain Logistics Market, By Type (USD Million)
7.1. North America Cold Chain Logistics Market Value Share and Forecast, By Type, 2024-20337.2. Monitoring Components7.2.1. Hardware7.2.2. Software7.3. Storage7.3.1. Reefer Container7.3.2. Warehouses7.4. Transportation7.4.1. Air7.4.2. Rail7.4.3. Road7.4.4. Sea
8. North America Cold Chain Logistics Market, By Packaging Type (USD Million)
8.1. North America Cold Chain Logistics Market Value Share and Forecast, By Packaging Type, 2024-20338.2. Cold Packs8.3. Crates8.4. Insulated Containers & Boxes8.5. Labels8.6. Temperature-controlled Pallet Shippers
9. North America Cold Chain Logistics Market, By Packaging Material (USD Million)
9.1. North America Cold Chain Logistics Market Value Share and Forecast, By Packaging Material, 2024-20339.2. Insulating Materials9.2.1. Cryogenic Tanks9.2.2. EPS9.2.3. PUR9.2.4. VIP9.2.5. Others9.3. Refrigerants9.3.1. Ammonia9.3.2. CO29.3.3. Fluorocarbons9.3.4. Hydrocarbon
10. North America Cold Chain Logistics Market, By Application (USD Million)
10.1. North America Cold Chain Logistics Market Value Share and Forecast, By Application, 2024-203310.2. Bakery & confectionary10.3. Dairy products10.4. Fish, meat, and seafood10.5. Fruits & vegetables10.6. Fruits pulp & concentrates10.7. Pharmaceuticals10.8. Processed food10.9. Others
11. North America Cold Chain Logistics Market Forecast, 2020-2033 (USD Million)
11.1. North America Cold Chain Logistics Market Size and Market Share
12. North America Cold Chain Logistics Market, By Type, 2020-2033 (USD Million)
12.1. North America Cold Chain Logistics Market Size and Market Share By Type (2020-2026)12.2. North America Cold Chain Logistics Market Size and Market Share By Type (2027-2033)
13. North America Cold Chain Logistics Market, By Packaging Type, 2020-2033 (USD Million)
13.1. North America Cold Chain Logistics Market Size and Market Share By Packaging Type (2020-2026)13.2. North America Cold Chain Logistics Market Size and Market Share By Packaging Type (2027-2033)
14. North America Cold Chain Logistics Market, By Packaging Material, 2020-2033 (USD Million)
14.1. North America Cold Chain Logistics Market Size and Market Share By Packaging Material (2020-2026)14.2. North America Cold Chain Logistics Market Size and Market Share By Packaging Material (2027-2033)
15. North America Cold Chain Logistics Market, By Application, 2020-2033 (USD Million)
15.1. North America Cold Chain Logistics Market Size and Market Share By Application (2020-2026)15.2. North America Cold Chain Logistics Market Size and Market Share By Application (2027-2033)
16. North America Cold Chain Logistics Market, By Region, 2020-2033 (USD Million)
16.1. North America Cold Chain Logistics Market Size and Market Share By Region (2020-2026)16.2. North America Cold Chain Logistics Market Size and Market Share By Region (2027-2033)16.3. Canada16.4. Mexico16.5. US16.6. Rest of North America
17. Company Profile
17.1. Americold Logistics, Inc17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Burris Logistics17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. CONESTOGA REFRIGERATED STORAGE17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. LINEAGE LOGISTICS HOLDING, LLC17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. NFI Industries17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. NewCold17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Penske17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Seafrigo Group17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Sonoc ThermoSafe (Sonoco Products Company)17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Tippmann Group17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. United States Refrigerated Storage17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Wabash National Corporation17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments17.13. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The key players in the market include Companies Covered Americold Logistics, Inc., Burris Logistics, CONESTOGA REFRIGERATED STORAGE, LINEAGE LOGISTICS HOLDING, LLC, NFI Industries, NewCold, Penske, Seafrigo Group, Sonoc ThermoSafe (Sonoco Products Company), Tippmann Group, United States Refrigerated Storage, Wabash National Corporation, Others
In the North American cold chain sector, there are many opportunities for growth and advancement. One such potential is to build cold chain networks to meet the increasing demand for temperature-sensitive items.
North America Cold Chain Logistics Market is projected to reach USD XX billion by 2033, growing at a CAGR of 16.1% during the forecast period.
North America Cold Chain Logistics Market grew in market size from 2024. The Market is expected to reach USD XX billion by 2033, at a CAGR of 16.1% during the forecast period.
North America Cold Chain Logistics Market CAGR of 16.1% during the forecast period.
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North America Cold Chain Logistics Market size is USD XX billion from 2024 to 2033.
North America Cold Chain Logistics Market Segment is Covered By Type, By Packaging Type, By Packaging Material, By Application
The North America region is anticipated to have the highest market share in North America Cold Chain Logistics Market.
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