Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Perishable Logistics Service Market Size is Expected to Grow from USD 18.42 Billion in 2023 to USD 31.26 Billion by 2033, Growing at a CAGR of 5.43% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Perishable Logistics Service Market Size, Share, and COVID-19 Impact Analysis, By Service Type (Air Freight, Sea Freight, Road Freight, and Rail Freight), By Application (Food and Beverages, Pharmaceuticals, Flowers and Plants, and Others), By End-User (Retail, Healthcare, Food Service, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis And Forecast 2023 - 2033
The global perishable logistics service market refers to the industry that focuses on the transportation and handling of merchandise that are temperature- or time-sensitive. These goods require specialized logistics solutions to maintain their quality and effectiveness. The increasing need for frozen and fresh food worldwide, advances in cold chain logistics, and the growth of food delivery services online are driving the market for perishable commodities transportation. Moreover, increasing urbanization and shifting consumer tastes for dairy, meat, seafood, and fresh produce necessitate effective temperature-controlled transportation. Furthermore, the growing globalization trade is boosting market growth. Additionally, advancements in technologies and the integration of telematics and IoT enhanced the efficiency and effectiveness of these services, which expanded this market revenue. However, market acquisition faces several obstacles, like high costs for infrastructure and lack of expert personnel for their upkeep.
The road freight segment held the greatest share of the global perishable logistics service market in 2023 and is expected to grow at a significant CAGR over the forecast period.
On the basis of the service type, the global perishable logistics service market is divided into air freight, sea freight, road freight, and rail freight. Among these, the road freight segment held the greatest share of the global perishable logistics service market in 2023 and is expected to grow at a significant CAGR over the forecast period. This is because the market for perishable logistics services depends heavily on road freight, especially for transporting perishables from centralized distribution facilities. The need for road freight services is expected to increase dramatically as the retail and e-commerce industries grow last-mile delivery and domestic shipping.
The food and beverages segment accounted for the largest share of the global perishable logistics service market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
On the basis of application, the global perishable logistics service market is categorized into food and beverages, pharmaceuticals, flowers and plants, and others. Among these, the food and beverages segment accounted for the largest share of the global perishable logistics service market in 2023 and is projected to grow at a substantial CAGR during the forecast period. This is due to an increasing need for fresh food, dairy products, meat, and seafood. Moreover, the segment has been heightened by the expanding e-commerce sector because consumers continue to purchase groceries and prepared meals online.
The retail segment held the largest share of the global perishable logistics service market in 2023 and is anticipated to grow at a notable CAGR over the forecast period.
On the basis of the end user, the global perishable logistics service market is segmented into retail, healthcare, food service, and others. Among these, the retail segment held the largest share of the global perishable logistics service market in 2023 and is anticipated to grow at a notable CAGR over the forecast period. This segment growth contributed to the market expansion because of the rise of e-commerce for food and the increasing need from consumers for pristine quality goods. Further, to enhance the supply-chain operations and meet the needs of consumers, businesses are making investments in innovative logistics techniques that drive the segment.
Asia Pacific is anticipated to hold the largest share of the global perishable logistics service market over the forecast period.
Asia Pacific is expected to hold the greatest share of the global perishable logistics service market over the forecast period. The regional market growth is increasing due to the growing transportation and logistics sector, which mainly relies on trailers for the shipment of merchandise. Moreover, the transportation of perishable commodities is expanding due to the regional booming marine and agricultural sectors with the rising need for high-quality, fresh items and e-commerce growing services.
Europe is projected to grow at the fastest CAGR growth of the global perishable logistics service market over the forecast period. The market expansion across the region is further accelerated due to the increasing appeal of technical and widely recognized infrastructure, maintaining their vital role in the market for perishable logistics services. Germany, France, and the Netherlands are among the main contributors to the regional market growth, which is fueled by an increasing desire for agricultural products, seafood, meat, and pharmaceutical drugs.
Company Profiling
Major vendors in the global perishable logistics service market are DHL Supply Chain & Global Forwarding, Kuehne + Nagel International AG, DB Schenker, C.H. Robinson Worldwide, Inc., XPO Logistics, Inc., Nippon Express Co., Ltd., DSV Panalpina A/S, Yusen Logistics Co., Ltd., Agility Logistics, Hellmann Worldwide Logistics, GEODIS, CEVA Logistics, Expeditors International of Washington, Inc., Kerry Logistics Network Limited, Panalpina Welttransport Holding AG, Toll Group, UPS Supply Chain Solutions, FedEx Logistics, Americold Logistics, LLC, Lineage Logistics Holdings, LLC, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global perishable logistics service market based on the below-mentioned segments:
Global Perishable Logistics Service Market, By Service Type
Global Perishable Logistics Service Market, By Application
Global Perishable Logistics Service Market, By End User
Global Perishable Logistics Service Market, By Regional
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