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
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| Regions covered | Canada, Mexico, US, Rest of North America
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| 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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By Type:
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Monitoring Components
Storage
Transportation
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By Packaging Type:c
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Cold Packs
Crates
Insulated Containers & Boxes
Labels
Temperature-controlled Pallet Shippers
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By Packaging Material:
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Insulating Materials
Refrigerants
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By Application:
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Bakery & confectionary
Dairy products
Fish, meat, and seafood
Fruits & vegetables
Fruits pulp & concentrates
Pharmaceuticals
Processed food
Others
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Cold Chain Logistics Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Cold Chain Logistics Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2024-2033
7.2. Monitoring Components
7.2.1. Hardware
7.2.2. Software
7.3. Storage
7.3.1. Reefer Container
7.3.2. Warehouses
7.4. Transportation
7.4.1. Air
7.4.2. Rail
7.4.3. Road
7.4.4. 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, 2024-2033
8.2. Cold Packs
8.3. Crates
8.4. Insulated Containers & Boxes
8.5. Labels
8.6. 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, 2024-2033
9.2. Insulating Materials
9.2.1. Cryogenic Tanks
9.2.2. EPS
9.2.3. PUR
9.2.4. VIP
9.2.5. Others
9.3. Refrigerants
9.3.1. Ammonia
9.3.2. CO2
9.3.3. Fluorocarbons
9.3.4. 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, 2024-2033
10.2. Bakery & confectionary
10.3. Dairy products
10.4. Fish, meat, and seafood
10.5. Fruits & vegetables
10.6. Fruits pulp & concentrates
10.7. Pharmaceuticals
10.8. Processed food
10.9. 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. Canada
16.4. Mexico
16.5. US
16.6. Rest of North America
17. Company Profile
17.1. Americold Logistics, Inc
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Burris Logistics
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. CONESTOGA REFRIGERATED STORAGE
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. LINEAGE LOGISTICS HOLDING, LLC
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. NFI Industries
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. NewCold
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Penske
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Seafrigo Group
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Sonoc ThermoSafe (Sonoco Products Company)
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Tippmann Group
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. United States Refrigerated Storage
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. Wabash National Corporation
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope