Transporting and storing temperature-sensitive goods, such as perishable food, medications, and biomedical supplies, under carefully regulated temperature settings is known as cold chain logistics. It guarantees that throughout the supply chain, the items keep their potency, freshness, and quality. Refrigerated warehouses, reefer containers, temperature monitoring systems, and other specialised facilities, machinery, and procedures are all part of cold chain logistics' arsenal for maintaining the proper temperature range.
According to SPER market research, ‘United States Cold Chain Logistics Market Size- By Services, By Temperature Type, By Application, By Price - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the United States Cold Chain Logistics Market is predicted to reach USD 139.7 Billion by 2033 with a CAGR of 6.1%.
In the upcoming years, the cold chain logistics market in the United States is expected to increase significantly. Market expansion will be fueled by the growing need for temperature-controlled products, shifting customer tastes, and stricter regulations. Improving cold chain operations will be greatly aided by technological developments like cloud-based supply chain management and Internet of Things-enabled temperature monitoring. Organisations that prioritise the development of infrastructure, technical innovation, sustainability, and teamwork will be in a strong position to take advantage of the expanding prospects in the ever-evolving cold chain logistics sector.
MARKET CHALLENGES:
- Cold chain logistics incurs significant infrastructure and operating expenditures.
- Complexities in handling several temperatures while maintaining temperature integrity.
- There is a shortage of skilled workers in cold chain management.
- Strict restrictions and compliance requirements for temperature-controlled transportation.
COVID Impact: The COVID-19 epidemic had a substantial influence on the US cold chain logistics industry. The rise of e-commerce, changes in consumer purchasing behaviour, and growing demand for pharmaceutical and healthcare products presented problems and opportunities for the business. The market saw a greater emphasis on maintaining product integrity, establishing strict sanitary procedures, and assuring timely delivery of necessary commodities. The epidemic spurred the adoption of technological solutions and prompted investments in cold chain infrastructure.
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The East Coast, West Coast, Midwest, and South are among the regional groupings that can be used to analyse the US cold chain logistics sector. The market is dominated by the East Coast, where important ports and metropolitan regions enable trading with other countries. Because of its vast distribution networks and close proximity to Asia-Pacific markets, the West Coast is an important region. The Midwest is a major hub for logistics serving a range of sectors. The South region is growing as a result of rising agricultural production, a growing population, and a growing demand for perishable goods.
Additionally, some of the market key players are Arc Best, Americold Logistics, Burris Logistics, CH Robinson Worldwide, Covenant Transportation Services, Total Quality Logistics, United States Cold Storage, XPO Logistics, Others.
US Third Party Logistics Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Services: Based on the Services, United States Cold Chain Logistics Market is segmented as; Storage, Transportation, Value-added Services, Blast Freezing, Inventory Management, Labeling.
By Temperature Type: Based on the Temperature Type, United States Cold Chain Logistics Market is segmented as; Ambient, Chilled, Frozen.
By Application: Based on the Application, United States Cold Chain Logistics Market is segmented as; Bakery and Confectionary, Dairy Products (Butter, Cheese, Ice Cream, Milk), Fish, Meat, and Seafood, Fruits and Vegetables, Healthcare & Pharmaceuticals, Processed Food, Other Applications.
By Region: This research also includes data for East Coast, West Coast, Midwest Region, South Region.
For More Information, refer to below link:-
US Third Party Logistics Market Outlook
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