What Is The Definition Of The Global Deep Frozen Packaging Logistics Market?
Deep frozen packaging logistics refer to the comprehensive process of packaging, storing, and transporting products that require ultra-low temperatures to maintain their integrity and quality. The process involves specialized packaging materials and technologies to ensure thermal insulation, advanced cold chain monitoring systems for real-time temperature tracking, and adherence to stringent regulatory standards to ensure safety and compliance.
Deep Frozen Packaging Logistics Global Market Report 2024 provides data on the global deep frozen packaging logistics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Deep Frozen Packaging Logistics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Market Size And Growth Rate Of The Global Deep Frozen Packaging Logistics Market Projected?
The deep frozen packaging logistics market size has grown strongly in recent years. It will grow from $20.82 billion in 2023 to $22.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growth in the pharmaceutical industry, increased international trade of perishable goods, rise of online grocery shopping and home delivery services, stricter food safety and quality regulations, increased investment in cold chain infrastructure, growing number of clinical trials, and increase in agricultural exports requiring deep frozen conditions. The deep frozen packaging logistics market size is expected to see strong growth in the next few years. It will grow to $31.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to growth in the pharmaceutical industry, demand for eco-friendly and sustainable packaging solutions, investment in research and development, developments in the retail sector, rising healthcare expenditures, and growing awareness of food safety and pharmaceutical efficacy. Major trends in the forecast period include advanced insulation technology, implementation of IoT devices for real-time monitoring, enhanced use of AI for predictive analytics and optimization, geographical expansion, enhanced use of big data analytics, expansion of cold storage facilities, advanced risk management practices to mitigate disruptions, development of novel packaging materials, and integration of various transportation modes.
What Are The Primary Growth Drivers In The Deep Frozen Packaging Logistics Market?
The deep-frozen packaging logistics market is likely to benefit from the increase in online grocery shopping. Online grocery shopping, which involves purchasing groceries through websites and apps, is expanding due to its convenience, time savings, wide product selection, technological advancements, and improved delivery services. Deep frozen packaging logistics are essential for ensuring that frozen foods, such as vegetables, meats, and ready-to-eat meals, are maintained at low temperatures during transit to prevent spoilage and preserve nutritional value. For instance, the Institute of Grocery Distribution estimated in June 2022 that the UK retail grocery market was valued at $282 billion (£217 billion) and projected to grow by 11.3% to $313 billion (£241 billion) by 2027. Thus, the rise in online grocery shopping is driving the growth of the deep-frozen packaging logistics market.
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What Is The Segmentation Of The Global Deep Frozen Packaging Logistics Market?
The deep frozen packaging logistics market covered in this report is segmented –
1) By Type: Air Transport, Land Transport, Maritime Transport
2) By Materials: Clinical Trials, Cell And Gene Therapies, Reagents, Cell Culture Media
3) By Application: Food Industry, Medical Industry, Other Applications
What Emerging Trends Are Shaping The Deep Frozen Packaging Logistics Market Landscape?
Companies in the deep-frozen packaging logistics sector are creating ultra-low temperature-controlled logistics services to meet the demanding requirements of transporting and storing deep-frozen products. These services ensure products remain at ultra-low temperatures, often below -60°C, throughout transportation and storage. For example, in June 2022, Nippon Express, a Japanese logistics firm, launched an ultra-low temperature-controlled logistics service specifically for the pharmaceutical industry, handling goods at temperatures between -20°C and -85°C. This service integrates global quality control systems and infrastructure improvements to adhere to Good Distribution Practices (GDP) standards.
Which Region Has The Fastest Expansion In The Deep Frozen Packaging Logistics Market?
Europe was the largest region in the deep frozen packaging logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the deep frozen packaging logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
