Cold Chain Logistics Market Analysis in the UK 2022-2026: Use of RFID in Cold Chain Logistics will Boost Market Growth

The cold chain logistics market in the UK is projected to grow by USD 9.17 billion, accelerating at a CAGR of 11.22% till 2026 owing to factors such as the use of RFID in cold chain logistics. In addition, the need to comply with regulations and the increased use of technology and the IoT extends various benefits, such as reducing operating costs to warehousing service providers. RFID devices can provide more accurate readings when compared with current temperature monitoring systems without opening the package.  

Technavio's research report delineates all the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends, and challenges that are likely to impact market growth. The objective of this research report is to equip businesses with actionable insights that will help them leverage opportunities and formulate growth strategies. Unlock Free Sample Analysis Report

Cold Chain Logistics Market in the UK: Segments and Geographical Regions

• The cold chain logistics market in the UK is segmented by type (refrigerated warehouse and refrigerated transportation) and application (MFS, Dairy and frozen desserts, FVB, and Others).
• The cold chain logistics market growth in the UK by the refrigerated warehouse segment will be significant during the forecast period.   
• The growth of the segment is attributed to the increase in the import and export of temperature-sensitive products.
• Technavio's research report will provide insights into the current market share of each segment along with growth projections for the next five years.

Cold Chain Logistics Market in the UK: Market Drivers

One of the major factors driving the cold chain logistics market growth in the UK is the use of RFID in cold chain logistics. In addition, the increased use of IoT and technological solutions with cold chain is the primary logistics market trend in the UK that will positively impact the market growth. However, poor customer satisfaction is hindering the market vendors.

Cold Chain Logistics Market in the UK: Vendor Analysis

• The market is fragmented due to the presence of several players. 
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 
• AGRO Merchants Group, Andrew Marr International Ltd, Chiltern Cold Storage Group Ltd., Kerry Logistics Network Ltd., Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Posten Norge AS, Seafast Logitics Ltd., Trade Distribution Ltd, and XPO Logistics Inc.  are some of the major market participants. 

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. The customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download the Free PDF Sample Report

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 11.22%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 9.17 billion.
    
3. What is a key factor driving this market?
   The use of RFID in cold chain logistics will drive market growth over the forecast period.
                                                                     
4. Who are the leading market vendors?
   The leading vendors in this market are AGRO Merchants Group, Andrew Marr International Ltd, Chiltern Cold Storage Group Ltd., Kerry Logistics Network Ltd., Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Posten Norge AS, Seafast Logitics Ltd., Trade Distribution Ltd, and XPO Logistics Inc.
    
5. What are the market segments covered in this report?
   The market is segmented by Type (Refrigerated warehouse and Refrigerated transportation) and Application (MFS, Dairy and frozen desserts, FVB, and Others).