Latest News- Cold Chain Logistics Market in North America: Refrigerated warehouse is expected to lead the Type segment during 2024-2028

The Cold Chain Logistics Market in North America is being driven by Increased adoption of sustainable initiatives

The Cold Chain Logistics Market in North America is expected to grow at a CAGR of 16.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 111740 million. Blockchain technology, a distributed digital platform, offers stakeholders in the North American cold chain logistics market identical and secure logistics copies across multiple computer systems. Leveraging cryptographically protected records and transaction details, this decentralized system eliminates the need for a central authority to maintain records. By distributing records across a network of related computer systems, blockchain technology enhances data security and efficiency in the cold chain logistics supply chain. Several leading logistics companies in North America are adopting this innovative technology to streamline their operations and ensure transparency and trust within their supply chains. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Refrigerated warehouse
  • Refrigerated transportation
• End-user
  • Meat and sea food
  • Fruits and vegetables
  • Dairy and frozen dessert
  • Bakery and confectionery
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased adoption of sustainable initiatives
• Use of RFID in cold chain logistics
• Need to comply with regulations regarding storage

However, the market also witnesses some limitations, which are as follows:

• Operational barriers in cold chain logistics and increasing operational costs
• Fluctuating fuel prices
• Challenges facing enterprises in cold chain logistics

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Market Scope in Cold Chain Logistics Market in North America Research Report

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Research Analysis Overview

The Cold Chain Logistics Market in North America focuses on transport refrigeration units, cold storage facilities, and integrated systems for temperature and humidity control in sectors like frozen food logistics and pharmaceutical logistics. Key areas include product spoilage loss prevention, carrier performance optimization, delivery route planning, warehouse management, and inventory control. Data analytics, performance metrics, and supply chain design are used for logistics optimization, cost reduction, process improvement, and operational efficiency. Regulatory standards, quality assurance, automation technologies, sensor integration, real-time alerts, predictive modeling, and transport management systems are essential for maintaining the cold chain and ensuring product integrity.

Market Research Overview

The North American cold chain logistics market encompasses temperature monitoring systems, refrigerated transport, cold storage warehousing, and last-mile delivery solutions. According to Technavio, market size is determined by the consolidated revenue of enterprises operating in this sector, including providers of temperature-controlled transportation and storage services. Market expansion will be fueled by escalating demand for temperature-sensitive goods transportation, particularly in emerging economies, and the necessity for enhanced supply chain visibility to ensure product integrity and timely delivery.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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