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.
Get more information on Cold Chain Market in Europe by requesting a sample report
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:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
145 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.5% |
Market growth 2024-2028 |
USD 76.8 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
10.8 |
Key countries |
Germany, France, Italy, UK, and Rest of Europe |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
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.
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
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted