Cold Chain Logistics Market Size

Cold Chain Logistics Market size was valued at USD 371.97 billion in 2024 and is likely to exceed USD 1.86 trillion by the end of 2037, registering over 13.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cold chain logistics is evaluated at USD 412.44 billion.

The growth of the market can be attributed to the rising capacity of refrigerated warehouses, followed by the increasing rate of automation of refrigerated warehouses across the globe. For instance, in 2020, the overall capacity of refrigerated warehouses globally was around 722 million cubic meters, which was nearly 17% higher than in 2018.

In addition to these, factors that are believed to fuel the market growth of cold chain logistics include the growing export of these products requires a cold chain infrastructure that can maintain the quality and sensitivity of the products during transportation. Most pharmaceutical products require a specific temperature to be stored and shipped. Therefore, an escalating export ratio of pharmaceutical products is also anticipated to fuel the market growth throughout the forecast period. For instance, India exported pharmaceutical products worth USD 24.62 billion, during 2021-22. Furthermore, the increasing implementation of radio frequency identification technology in cold chains is also estimated to accelerate market growth over the forecast period.