Global Cold Chain Logistics Outsourcing- Market Overview:
Cold chain logistics outsourcing is a temperature-controlled supply chain that provides an uninterrupted chain of distribution and storage activities where a given temperature is maintained throughout the chain. It is mainly used for the maintenance and life extension of products such as fresh agricultural products, seafood, frozen food, photographic film, chemicals, and medicines. Monitoring, storage, and transportation are important elements of the cold chain to prevent the deterioration of shipments. Currently, the cold chain logistics market is expected to grow significantly as the need for cold chain management increases in the pharmaceutical industry.
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Growing Demand for Investigating Cold Chain Logistic Technology and Equipment
Market Growth Drivers:
Increase in the Number of Refrigerated Warehouses and Growth in the Pharmaceutical Sector, Increasing Focus toward the Development of Storage and Increasing no of organized retails stores globally
High Usage of Electricity Consumption by Cold Chain Logistic Outsourcing
Environmental Concern Regarding Green House Gas Emission and High Operational Cost and Lack of Standardization
Increasing Need for Liquid Nitrogen and Temperature Monitoring Devices
The Cold Chain Logistics Outsourcing market is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Some of the key players profiled in the report are VersaCold Logistics Services (Canada), OOCL Logistics (Hong Kong), Emergent Cold (United States), Burris Logistics (United States), Lineage Logistics. (United States), Americold (United States), Cold Chain Technologies (United States), United States Cold Storage (United States), Sofrigam (France) and Tive (United States). Additionally, following companies can also be profiled that are part of our coverage like Stockarea (India), Snowman (India), Coldrush (India), Arihant Cold Storage (India) and Crystal Group (India). Considering Market by End-Use Vertical, the sub-segment i.e. E-Commerce will boost the Cold Chain Logistics Outsourcing- market.
Latest Market Insights:
In September 2021, Emergent Cold Latin America, a provider of modern temperature-controlled warehousing and logistics in Latin America, acquired Panama-based Galores Group. This is Emergent LatAm's second acquisition and first investment in Central America, immediately establishing the company as a market leader in this strategic geographic location.
In March 2023, Americold announced a strategic investment in Dubai Cold Storage Company RSA Cold Chain. The partnership provided a scalable and investable operating platform for market entry and expansion in the Middle East and India. RSA Cold Chain is an established cold storage operator in Dubai that started operations in 2017 and is a subsidiary of the parent company RSA Global.
What Can be Explored with the Cold Chain Logistics Outsourcing- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cold Chain Logistics Outsourcing- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cold Chain Logistics Outsourcing-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cold Chain Logistics Outsourcing- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cold Chain Logistics Outsourcing- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Government Agencies, End User Industry, Food Services, Distributor and Manufacturer.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.