According to the latest report by IMARC Group, titled “Perishable Goods Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global perishable goods transportation market size reached US$ 18.02 Billion in 2022. Perishable goods transportation is the process of moving perishable goods or items from one place to another. It involves the transportation of various temperature-sensitive items, such as fruits, vegetables, meat, dairy products, seafood, and beverages. It also encompasses the transportation and handling of pharmaceutical and biological products, such as medications, vaccines, enzymes, human blood plasma fractions, steroid hormones, and antibiotics. It employs special handling, packaging, and storage conditions to keep the products fresh and prevent them from spoiling. It helps to retain the shelf life of the items and prevent contamination caused by dirt, dust, and moisture. It maintains a specific temperature range and humidity level and avoids exposure of perishable goods to direct sunlight or certain gases.
Global Perishable Goods Transportation Market Trends:
At present, the increasing demand for fresh and healthy food products that are high in nutrients, represents one of the crucial factors impelling the growth of the market. Besides this, the rising consumption of organic vegetables, fruits, meat, and poultry products, as they are grown without the involvement of chemicals or synthetic fertilizers, is contributing to the growth of the market. In addition, the growing occurrence of various chronic diseases among the masses, along with the rising geriatric population around the world, is offering a favorable market outlook. Apart from this, increasing research activities in developing various novel vaccines and drugs to prevent infectious diseases caused by viruses are supporting the growth of the market. Additionally, the rising optimization of logistic routes by transportation companies to minimize emissions and carbon footprint is bolstering the growth of the market. Looking forward, the market value is projected to reach US$ 26.22 Billion by 2028, expanding at a CAGR of 6.20% during 2023-2028.
- Based on the type, the market has been segmented into MPS (meat, poultry, and seafood), dairy and frozen desserts, vegetables and fruits, and bakery and confectionery. At present, MPS (meat, poultry, and seafood) dominates the market, holding the largest share.
- On the basis of the transportation mode, the market has been classified into roadways, seaways, and others. Roadways currently exhibit a clear dominance in the market.
- Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players being A.P. Møller – Mærsk A/S, Africa Express Line Limited, Bay & Bay Transportation, C.H. Robinson Worldwide Inc., CMA CGM Group (MERIT France SAS), DB Schenker, Deutsche Post AG, FST Logistics Inc., Hapag-Lloyd AG, Hellmann Worldwide Logistics SE and Co. KG, K Line Logistics Ltd (Kawasaki Kisen Kaisha Ltd), Kuehne + Nagel International AG, Orient Overseas Container Line Limited, and VersaCold Logistics Services.
|Base Year of the Analysis
||MPS (Meat, Poultry, and Seafood), Dairy and Frozen Desserts, Vegetables and Fruits, Bakery and Confectionery
|Transportation Modes Covered
||Roadways, Seaways, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||A.P. Møller – Mærsk A/S, Africa Express Line Limited, Bay & Bay Transportation, C.H. Robinson Worldwide Inc, CMA CGM Group (MERIT France SAS), DB Schenker, Deutsche Post AG, FST Logistics Inc, Hapag-Lloyd AG, Hellmann Worldwide Logistics SE and Co. KG, K Line Logistics Ltd (Kawasaki Kisen Kaisha Ltd), Kuehne + Nagel International AG, Orient Overseas Container Line Limited, VersaCold Logistics Services, etc.
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