Cold chain market size in China to grow at a CAGR of 19.1% from 2022 to 2027: Increasing number of trade corridors to drive growth – Technavio

The cold chain market size in China is estimated to grow by USD 76.48 billion during 2022-2027. However, the growth momentum will progress at a CAGR of 19.1%. The market is segmented by type (refrigerated warehouse and refrigerated transportation) and application (meat, fish, and seafood sector, dairy and frozen desserts sector, fruits and vegetable sector, healthcare sector, and bakery and confectionery sector).

The refrigerated warehouse segment will account for a significant share of market growth. Refrigerated warehouses are generally used for storing perishable products, such as foods and medicines, at the right temperature. Warehouses or storage facilities consume a lot of energy. Hence, market players are investing in energy-efficient technologies, which is driving the growth of the segment.

The increasing number of trade corridors is driving market growth. Trade corridors provide various economic benefits, such as creation, economic growth, reduction in poverty, and economic resilience. China is investing significantly in trade corridors to facilitate the movement of goods and commodities. With the increase in the number of trade corridors, the need for refrigerated transportation will increase. These factors will support market growth during the forecast period. To understand more about the market, request a sample report.

Market insights –

• Vendors: 15+, including Americold Realty Trust Inc., AP Moller Maersk AS, Arcticold Food Ltd., Beijing Shounong Food Group Co. Ltd., BSI Group, CJ Logistics Corp., Deutsche Post AG, FedEx Corp., Global Cold Chain Alliance, JD.COM, Jin Jiang International Holdings Co. Ltd., John Swire and Sons Ltd., Kerry Logistics Network Ltd., Kuehne Nagel Management AG, Nichirei Corp., S.F. Holding Co. Ltd., Shandong Gaishi International Logistics Group, Shanghai Speed International Logistics Co. Ltd., Shanghai Tengyi Boshi International Freight Forwarding Co. Ltd., Sinotrans Ltd., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Type (refrigerated warehouse and refrigerated transportation) and application (meat, fish, and seafood sector, dairy and frozen desserts sector, fruits and vegetables sector, healthcare sector, and bakery and confectionery sector)

Cold chain market in China – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Cold chain market in China – Vendor insights

The cold chain market in China is highly fragmented, with the presence of numerous international and regional vendors. Many new players are entering the market owing to the increasing demand for cold storage services in the country. Vendors need to effectively manage the available resources to gain market shares. Investments in cold storage expansion are based on various factors, such as city, location, size, quality, and function. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors, including

• Americold Realty Trust Inc. – The company offers cold chain solutions such as freezing, quick-freezing, and blast freezing.
• CJ Logistics Corp. – The company offers cold chain solutions for the food industry.
• Deutsche Post AG – The company offers cold chain solutions for sea food storage.
• JD.COM – The company offers cold chain solutions such as fresh food products and medical supplies.

Cold chain market in China – Market dynamics

Major trends

• Increased demand for integrated cold chain logistics services
• Introduction of blockchain technology in cold chain
• Increased adoption of sustainable initiatives

Numerous cold chain service providers have started to provide end-to-end integrated services owing to the rising demand for outsourced cold chain services in the pharmaceutical and other industries. These services include inventory control, order planning, forecasting, warehousing, and delivery control, among others. Vendors help customers track shipments and communicate with the entire supply chain. They also provide disaster recovery services. Such factors will support market growth during the forecast period.

Key challenges

• Lack of adoption of new technology in cold chain
• Operational barriers due to increase in cold chain cost
• Poor customer satisfaction

Advanced technologies are required to achieve operational efficiency in cold chain. Some of these technologies include RFID and automated material handling equipment, which give end-users real-time updates on the delivery and storage procedures. However, the implementation of these technologies is expensive. As a result, small businesses and domestic players prefer to use conventional operational techniques. Such factors are expected to impede the growth of the market during the forecast period.

Get some key insights about market dynamics and its impact on businesses. Grab a sample PDF now!

The cold chain market in China report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why buy?

• Add credibility to strategy
• Analyzes competitor’s offerings 
• Get a holistic view of the market

Get a significant profit margin with Technavio – Buy the Report

What are the key data covered in this report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the cold chain market in China between 2023 and 2027
• Precise estimation of the size of the cold chain market in China and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the cold chain market in China
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of cold chain market vendors in China

Gain instant access to 17,000+ market research reports covering 800 technologies across 50 countries. 

Technavio’s SUBSCRIPTION platform

Related Reports:

The cold chain market size is estimated to grow at a CAGR of 17.43% between 2022 and 2027, and the size of the market is forecasted to increase by USD 358.49 billion. This report extensively covers market segmentation by application (meat, fish, and seafood, fruits vegetables and beverages, dairy and frozen desserts, bakery and confectionery, and healthcare), type (refrigerated warehouse and refrigerated transportation), and geography (North America, APAC, Europe, South America, and Middle East and Africa).

The size of the cold chain logistics market in North America is expected to increase by USD 64.79 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.98%. Furthermore, this report extensively covers segmentation by type (refrigerated warehouse and refrigerated transportation) and geography (US, Canada, and Mexico).