The Cold Chain Logistics Market in North America is expected to grow at a CAGR of 16.4% to reach USD 111740 million by 2028. Blockchain technology, a distributed digital platform, enables stakeholders in the North American cold chain logistics market to maintain identical, cryptographically secured logistics records on multiple computer systems. By eliminating the need for a central authority to manage records, this system promotes cost efficiency and effectiveness. Notably, several cold chain logistics companies are integrating blockchain technology into their operations to enhance data security and streamline supply chain processes. This implementation results in improved transparency, traceability, and trust among all parties involved.
North America dominates the regional market because of The North American cold chain logistics market is experiencing significant growth, driven by the increasing demand for temperature-sensitive goods in various sectors, including food and beverage, pharmaceuticals, and biotechnology. Key players are investing in advanced technologies, such as real-time temperature monitoring systems and automated warehouses, to enhance efficiency and ensure product integrity. Regulatory compliance and sustainability are also critical factors shaping market trends.
There are various factors that drive the Cold Chain Logistics Market in North America market which are as following: In North America, the use of reefer trucks in cold chain logistics has raised concerns regarding vehicular pollution. Beyond emissions from these trucks, shippers and manufacturers are also attentive to pollution sources from recyclable units, transportation, packaging, and cold storage. For instance, a traditional diesel-powered transport refrigeration unit engine generates up to six times the NOx emissions and 29 times the particulate matter emissions compared to a modern diesel engine. To mitigate environmental degradation, cold chain logistics providers are increasingly opting for eco-friendly electric vehicles that operate on renewable energy sources. These sustainable alternatives reduce overall carbon footprint and minimize pollutant production.
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Cold Chain Logistics Market in North America Segmentation
The market witnesses several challenges, which are as follows In the realm of cold chain logistics, the strategic acquisition of land is a crucial consideration due to the essential nature of this service and the need to position cold storage facilities in close proximity to production sites. However, the elevated cost of real estate in North America, exacerbated by increasing interbank foreign exchange rates, is projected to result in an average land price rise of over 5% during the forecast period. This escalating land cost will necessitate additional capital from cold chain logistics services providers, potentially compressing vendor profit margins.
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Some of the key companies that have been profiled in the report include:
The North American cold chain logistics market encompasses businesses engaged in the transportation and storage of temperature-sensitive goods. According to Technavio, market size is determined by aggregating the revenues of these enterprises within the sector, encompassing refrigerated transport companies and third-party logistics providers. Market expansion will be fueled by escalating demand for temperature-controlled logistics services due to the increasing volumes of perishable goods being transported, particularly in emerging economies, and the long-term economic growth trend. - The Cold Chain Logistics Market in North America is experiencing significant growth, fueled by the Increased adoption of sustainable initiatives. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The Cold Chain Logistics Market in North America is witnessing significant growth due to the increasing demand for insulated packaging technologies in vaccine distribution and the need for chill chain logistics in transporting temperature-sensitive products such as pharmaceuticals, perishable goods like meat and seafood, and food items. The implementation of Blockchain technology in cold chain logistics is revolutionizing the industry by ensuring transparency and traceability in the supply chain. Transportation networks and distribution centers are being upgraded with temperature-controlled methods, including refrigerated trucks and automated refrigerated warehouses. Monitoring systems and IoT technology are being integrated into cold chain warehouses for inventory management and food safety. Refrigeration technology and temperature-controlled storage are essential components of the cold chain logistics market, reducing the carbon footprint and ensuring the quality of temperature-sensitive products. Organized retail stores and e-commerce platforms are also driving the demand for cold chain logistics solutions. Cloud computing is being used to optimize the cold chain logistics network, enabling real-time monitoring and analysis of temperature data. The market is expected to continue growing as the demand for temperature-controlled methods increases, and companies invest in advanced technologies to improve efficiency and reduce costs.
Technavio Research
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