What is the market size of cold chain logistics?
The size of the cold chain logistics market varies depending on the region and the type of products being transported, but it is generally considered to be a growing industry. According to a report by Grand View Research, the global cold chain logistics market size was valued at $192.77 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 15.9% from 2021 to 2028.
The growth of the cold chain logistics market can be attributed to several factors, including the increasing demand for temperature-sensitive products such as pharmaceuticals, vaccines, and fresh food, as well as the growing need for reliable and efficient transportation solutions. The COVID-19 pandemic has also highlighted the importance of cold chain logistics in the distribution of vaccines and other medical supplies.
Overall, the cold chain logistics market is expected to continue to grow in the coming years, driven by factors such as the increasing globalization of trade, advances in technology, and the growing demand for high-quality, temperature-controlled transportation services.
types of cold chain
here are several types of cold chain, which refer to the different temperature ranges and conditions required to maintain the quality and safety of temperature-sensitive products during transportation and storage. Here are some common types of cold chain:
1.Frozen cold chain: Products that need to be kept frozen, such as ice cream, frozen food, and some vaccines, require a frozen cold chain. The temperature range for a frozen cold chain is typically between -20°C to -80°C.
2.Refrigerated cold chain: Many perishable products, including fresh fruits and vegetables, dairy products, and vaccines, require a refrigerated cold chain to maintain their quality and safety. The temperature range for a refrigerated cold chain is typically between 2°C to 8°C.
3.Controlled ambient cold chain: Some products, such as certain pharmaceuticals and chemicals, require a specific temperature range to maintain their efficacy and stability. The temperature range for a controlled ambient cold chain is typically between 15°C to 25°C.
4.Deep frozen cold chain: Products that need to be kept at ultra-low temperatures, such as some biological samples, require a deep frozen cold chain. The temperature range for a deep frozen cold chain is typically between -80°C to -196°C.