Latest News- Cold Chain Market in Europe: Meat fish and seafood is expected to lead the Application segment during 2025-2029

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 11.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 78 billion. In the European market, the integration of the Internet of Things (IoT) into the cold chain has emerged as a transformative force. By connecting physical cold chain assets through the internet, enterprises can enhance product performance and efficiency. IoT solutions enable remote monitoring and control of temperature settings in vehicles and warehouses, ensuring optimal conditions for perishable goods such as fruits, meat, and medicines. This seamless connectivity across the logistics process results in cost savings and improved supply chain management. IoT security and analytics provide valuable insights, enabling enterprises to make data-driven decisions and maintain the integrity of their cold chain operations. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Meat fish and seafood
  • Fruits vegetables and beverages
  • Dairy and frozen desserts
  • Bakery and confectionery
  • Healthcare
• Type
  • Refrigerated warehouse
  • Refrigerated transportation
• Method
  • Frozen
  • Chilled
  • Deep-frozen
• Temperature Monitoring Technologies
  • IoT Sensors
  • RFID Tracking
  • GPS Monitoring
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy

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 encompasses various components including temperature-controlled vehicles like refrigerated trucks and reefer containers, cold chain software, consulting, and training. Energy-efficient refrigeration and renewable energy sources are driving green logistics initiatives. Cold chain insurance and financing ensure business continuity. Standards such as Good Distribution Practices and Good Manufacturing Practices are crucial, along with temperature mapping, thermal performance testing, and cold chain auditing. Supply chain resilience is enhanced through risk management, disaster preparedness, and logistics professionals, engineers, and technicians. Temperature-controlled storage options include frozen, chilled, and controlled atmosphere storage, with automated warehousing, warehouse management systems, and temperature monitoring systems. Data loggers, remote sensors, cloud-based data management, predictive analytics, optimization algorithms, cost reduction strategies, and emerging technologies like blockchain, digital twin technology, and 5G connectivity further advance the cold chain sector.

Market Research Overview

The European cold chain market encompasses revenue generated from refrigerated transportation, temperature-controlled logistics, cold storage facilities, pharmaceutical logistics, and food distribution services. According to Technavio, the European cold chain market size is determined by the revenues of companies offering these services. Key factors driving growth in the European cold chain market include the surge in pharmaceutical logistics due to increasing demand for temperature-sensitive medicines and vaccines, as well as the rising trend of e-commerce in food distribution. Additionally, the need for efficient vaccine distribution networks, particularly in the context of ongoing global health crises, further bolsters market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/