Latest News- Cold Chain Market in Europe: Meat fish and seafood is expected to lead the Application segment during 2024-2028

The Cold Chain Market in Europe is being driven by Use of RFID in cold chain logistics

The Cold Chain Market in Europe is expected to grow at a CAGR of 12.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 76.8 billion. In the European market, the integration of the Internet of Things (IoT) into the cold chain is revolutionizing supply chain management for perishable goods such as fruits, meat, and pharmaceuticals. By implementing IoT solutions, enterprises can remotely monitor and adjust temperature settings in vehicles and warehouses, ensuring optimal conditions are maintained throughout the supply chain. This connectivity enables seamless communication between all parties involved, resulting in increased efficiency and cost savings. IoT security and analytics provide valuable insights, allowing enterprises to enhance product performance and deliver superior results in the competitive European market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

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

• Use of RFID in cold chain logistics
• Increasing number of trade corridors
• Increase in pharmaceutical supply through e-commerce

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

• Fluctuating fuel prices
• Rising regulations regarding greenhouse gas emissions
• Poor customer satisfaction

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Market Scope in Cold Chain Market in Europe Research Report

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Research Analysis Overview

The European cold chain market is a significant sector, encompassing deep-frozen and frozen storage and transportation of temperature-sensitive products, including food & beverage items and healthcare products. The market operates within a specific temperature range to maintain product quality and safety. Monitoring components such as RFID, IoT, and cloud computing play a crucial role in inventory management and cold storage logistics. Europe's cold storage logistics market is expected to grow due to increasing consumer preferences for temperature-sensitive products, especially in the food & beverage industry. Regulations, such as those related to food safety and healthcare, further drive the demand for advanced cold chain solutions. IT spending on cold chain technologies, including automation and refrigerated transportation, is on the rise. Developing economies and organized retail stores are also contributing to the market's growth. E-commerce sales of temperature-sensitive products are further fueling the need for efficient cold chain solutions. In conclusion, the European cold chain market, including refrigerated storage and transportation, is a dynamic and growing sector driven by consumer preferences, regulations, and technological advancements. The integration of RFID, IoT, and cloud computing in cold chain solutions is revolutionizing inventory management and warehouse management systems.

Market Research Overview

The European cold chain market is a segment of the larger global air freight and logistics industry, which encompasses the revenue generated by companies offering air freight transportation, courier services, and logistics solutions, including package and mail delivery and customs brokerage. According to Technavio's market analysis, the global air freight and logistics market size is determined by the revenues of providers in this sector. The cold chain market specifically focuses on the transportation and storage of temperature-sensitive goods, utilizing advanced technologies for monitoring and maintaining optimal temperatures. Key growth drivers for the global air freight and logistics market include the surge in cross-border e-commerce activities, necessitating efficient and reliable supply chain solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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