United State 3PL Market Growth and Size, Revenue, Rising Trends, CAGR Status, Challenges, Future Opportunities and Forecast till 2033: SPER Market Research
Cold chain logistics ensures the safe delivery of temperature-sensitive products such as fresh agricultural goods, seafood, frozen meals, fruits, vegetables, dairy products, photographic films, chemicals, and pharmaceutical medications throughout the supply chain. This procedure has an impact on all stages of the supply chain, from purchase and transportation to storage and last-mile delivery of commodities. It entails using a variety of transportation modes for product delivery, including refrigerated vehicles, air cargo, refrigerated railcars, and refrigerated cargo. It also includes the use of temperature-controlled warehouses for storage and cold-insulated transportation vehicles for product delivery. It also plays an important role in maintaining product quality and freshness, extending marketing, eliminating overcapacity, and reducing transportation bottlenecks during peak seasons.
According to SPER Market Research, ‘United States Cold Chain Logistics Market Size- By Services, By Temperature Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that The United States Cold Chain Logistics Market is estimated to reach USD 139.7 Billion by 2033 with a CAGR of 6.1%.
Drivers:
The increasing demand for effective solutions for transporting high-value pharmaceutical items throughout the distribution network is a significant growth opportunity for the cold chain logistics market. Furthermore, an increase in the number of logistics businesses and airlines providing specialized pharmaceutical shipping services is driving the expansion of the cold chain logistics industry. The development of complicated biological-based medications, as well as shipments of hormone treatments, vaccinations, and complex proteins that require cold chain modifications, has created a demand for temperature-controlled transportation and warehousing to maintain product quality and sensitivity. Businesses are currently spending extensively in cold chain operations to create effective, efficient, and dependable systems for storing temperature-sensitive products, thereby removing weak links in the system. Moreover elevating sales of processed food driving the growth.
Challenges:
The United States Cold Storage Chain Logistics confronts a variety of challenges that could hamper its expansion. The cold chain sector necessitates significant upfront expenditures to establish cold storage facilities, transportation networks, and other related infrastructure. The primary constraints preventing market organizations from automating warehouses are high capital investment, high operating costs, and the costs associated with the scalability of various picking methods. Furthermore, transportation equipment utilized in the cold chain, such as refrigerated trucks and containers, is more expensive than conventional vehicles. The huge initial investments required to develop a cold chain system can also provide a challenge for smaller businesses and start-ups, which may struggle to get the necessary capital to compete with larger established corporations.
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The COVID-19 epidemic has had a significant impact on the cold chain logistics business in the US. The pandemic drove up demand for cold chain solutions, particularly in the food and pharmaceutical industries. With the increase in e-commerce and online grocery shopping, logistics companies were under unprecedented pressure to improve their cold storage and transit capacities. To reduce risk, several organizations prioritized local sourcing and implemented more resilient supply chains. This move has pushed investments in technologies, including as IoT and block chain, to improve temperature-sensitive product tracking and monitoring throughout the supply chain. Furthermore, the vaccination deployment demonstrated the crucial role of cold chain logistics in the healthcare industry. The need for ultra-cold storage for particular COVID-19 vaccinations requires fast changes in logistical infrastructure.
In United States Cold Chain Logistics Market, California dominates the market due to its significant agricultural output, large population, and advanced infrastructure. The key players in the market are Arc Best, Americold Logistics, Burris Logistics, CH Robinson Worldwide, Covenant Transportation Services and others.
United States Cold Chain Logistics Market Segmentation:
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: –
United States Cold Chain Logistics Market Forecast
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