The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth Overview

• Significant Growth: The deep frozen packaging logistics market has seen remarkable growth, increasing from $20.82 billion in 2023 to an expected $22.64 billion in 2024, with a compound annual growth rate (CAGR) of 8.7%.
• Future Projections: By 2028, the market size is projected to reach $31.76 billion, growing at a CAGR of 8.8%.

Key Drivers of Growth (Historic Period)

• Pharmaceutical Industry: The expansion of the pharmaceutical sector has played a critical role.
• International Trade: Increased global trade of perishable goods.
• Online Grocery Shopping: Rise in online grocery shopping and home delivery services.
• Food Safety Regulations: Stricter food safety and quality regulations.
• Cold Chain Investment: Increased investment in cold chain infrastructure.
• Clinical Trials: Growing number of clinical trials.
• Agricultural Exports: Surge in agricultural exports requiring deep frozen conditions.

Key Drivers of Growth (Forecast Period)

• Eco-Friendly Packaging: Growing demand for sustainable packaging solutions.
• R&D Investments: Increased investments in research and development.
• Retail Sector: Developments in the retail industry.
• Healthcare Expenditures: Rising healthcare spending.
• Food Safety Awareness: Growing awareness of food safety and pharmaceutical efficacy.

View More On The Deep Frozen Packaging Logistics Market Report 2024 – https://www.thebusinessresearchcompany.com/report/deep-frozen-packaging-logistics-global-market-report

Trends Shaping the Future

• Advanced Insulation: Use of advanced insulation technology.
• IoT Implementation: Adoption of IoT devices for real-time monitoring.
• AI Integration: Enhanced use of AI for predictive analytics and optimization.
• Geographical Expansion: Expansion into new geographical regions.
• Big Data: Enhanced use of big data analytics.
• Cold Storage Expansion: Expansion of cold storage facilities.
• Risk Management: Advanced risk management practices to mitigate disruptions.
• Novel Packaging Materials: Development of new packaging materials.
• Multi-Modal Transport: Integration of various transportation modes.

Online Grocery Shopping: A Key Growth Driver

• Convenience and Efficiency: Online grocery shopping is growing due to convenience, time savings, and broad product selection.
• Market Impact: In 2022, the UK retail grocery market was valued at $282 billion, with a projected increase of 11.3% by 2027.
• Deep Frozen Logistics: Ensures frozen foods remain at low temperatures during transit, maintaining nutritional value and preventing spoilage.

Major Companies in the Market

• Key Players: Cardinal Health Inc., DHL, FedEx Corporation, Kuehne + Nagel International AG, Sonoco ThermoSafe, Catalent Inc., Marken, Cryoport Systems LLC, BioLife Solutions Inc., CEVA Logistics, va-Q-tec, Envirotainer, Csafe, Peli BioThermal Limited, SkyCell AG, Cryopak, World Courier, Yourway, Intelsius, B.P.L. GmbH, WuliuAir, Chill-Pak.com.

Advancements in Ultra-Low Temperature Logistics

• New Developments: Companies are developing logistics services to maintain ultra-low temperatures, typically below -60°C.
• Case Study: In June 2022, Nippon Express launched an ultra-low temperature logistics service for the pharmaceutical industry, handling goods requiring temperatures between -20°C and -85°C.

Wavepoint 3PL’s Strategic Acquisition

• Acquisition Move: In August 2021, Wavepoint 3PL acquired Alcor Cold Storage.
• Enhanced Capabilities: This acquisition bolsters Wavepoint 3PL’s position in the cold storage market, integrating advanced refrigeration, warehousing, and logistics solutions.

Market Segmentation and Regional Insights

• Market Segmentation:
  • By Type: Air Transport, Land Transport, Maritime Transport.
  • By Materials: Clinical Trials, Cell and Gene Therapies, Reagents, Cell Culture Media.
  • By Application: Food Industry, Medical Industry, Other Applications.
• Regional Insights: Europe was the largest region in 2023, while Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The deep frozen packaging logistics market is on a trajectory of sustained growth, driven by technological advancements, increased demand for perishable goods, and strategic investments. As the market continues to evolve, companies will need to adapt to new trends and leverage emerging technologies to stay competitive.

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The Deep Frozen Packaging Logistics Global Market Report 2024  provides comprehensive insights on the deep frozen packaging logistics market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the deep frozen packaging logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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