Cold Chain Market Regional Analysis:
North America Market Insights
North America cold chain market is poised to dominate revenue share of over 35% by 2035.The market expansion in the region is because the integration of cutting-edge technologies, such blockchain and Internet of Things (IoT) sensors, has improved cold chain visibility and traceability. North America is predictable to have 5.4 billion consumer and industrial Internet of Things (IoT) connections by 2025.
In United States, a number of factors, such as the growth of e-commerce and the growing need for temperature-controlled storage in the food and pharmaceutical industries, have contributed to the increase in demand for cold storage facilities. It was predicted that the US e-commerce market would generate a total of 668.5 billion US dollars in revenue between 2024 and 2029.
APAC Market Insights
The APAC region will also encounter huge growth for the cold chain market during the forecast period and will hold the second position owing to the growing public spending on the construction of logistics infrastructure and the adoption of warehouse management systems (WMS) in this region.
The transportation, infrastructure, and logistics sectors in Asia-Pacific have announced 36 stock offering deals, both completed and pending. The total value of these transactions exceeded USD 13,046.6 million.
The expansion of the seafood industry in China is credited to various sources, including technological developments in the areas of processing, packaging, and storage. 2023 saw China maintain its position as the world's leading seafood producer, with official estimates of 71 million metric tons (MMT), up 3.5 percent from 2022.
Modern technologies such as the internet of things are being used in Japan to improve cold chain operations and ensure that products are kept within the correct temperature range throughout the supply chain. In 2022, the expected value of Internet of Things (IoT) user expenditure in Japan was USD 6.8 billion.
In the Korean Peninsula, the cold chain market has grown throughout time as a result of the increasing popularity of e-commerce, the rise in customer demand for perishable goods, and the expansion of food retail chains by multinational corporations. Domestic internet sales increased from USD 168.5 billion in 2021 to USD 180.4 billion in 2022.
