Latest News- Cold Chain Logistics Market in UK: MFS is expected to lead the Application segment during 2025-2029
The Cold Chain Logistics Market in UK is being driven by Use of RFID in cold chain logistics
The Cold Chain Logistics Market in UK is expected to grow at a CAGR of 9.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8497.4 million. In the UK Cold Chain Logistics Market, technology and the Internet of Things (IoT) are revolutionizing warehouse operations for warehousing service providers, resulting in significant cost savings. Vendors offer advanced tools and techniques for automating various business process areas, integrating cross-functional components, and effectively monitoring sustainability drivers. IoT solutions incorporate sensors and robotic systems in facilities, while analytics tools process data efficiently and safely. Additionally, fuel cells-based forklifts generate substantial energy through hydrogen electrochemical reactions, producing electricity, heat, and water.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Application (MFS, Dairy and frozen desserts, FVB, Others) Type (Refrigerated warehouse, Refrigerated transportation) Geography (Europe).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Cold Chain Logistics Market in UK Research Report
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The Cold Chain Logistics Market in the UK encompasses various sectors including pharmaceutical logistics and vaccine distribution, ensuring food security through sustainable distribution networks. It caters to medical devices, grocery delivery platforms, and food delivery services, while supporting drug development and healthcare technology. Inventory management, biotechnology, and supply chain optimization are key areas of focus. Temperature-controlled logistics and cold chain management are essential for pharmaceutical distribution and healthcare products. Logistics technology, digital health, clinical trials, and warehouse automation drive innovation in this sector. E-commerce logistics, supply chain resilience, health and wellness, food safety, and fresh product distribution are also significant aspects. Global supply chains prioritize food waste reduction through refrigerated vehicles, cold chain optimization, and cold chain packaging. Sustainable cold chain solutions mitigate food spoilage and maintain supply chain visibility.
The UK cold chain logistics market encompasses the revenue generated by businesses offering temperature-controlled transportation and storage solutions for perishable goods, such as seafood, pharmaceuticals including cell therapies and protein-based products, chemicals, eggs, and food nutrients. Technavio's market analysis calculates the market size based on the revenues of logistics networks specializing in cold chain services. Key growth drivers include the rising demand for online platforms selling perishable goods, increasing adoption of automated warehouses, and the surge in the production and distribution of biologics and wellness products like protein-based therapies and eggs. Cross-border trade of these temperature-sensitive goods is also expected to boost market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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