Industry Background:
3PL is a service that enables enterprises to outsource or make use of third-party businesses to carry out tasks to completion in its supply chain .3PLCold chain logistics refers to the continuous procedure of refrigerated production, storage, and distribution activities with a preferred low-temperature range. 3PL Cold storage is used to extend and preserve the shelf life of products. Increasing applications in the healthcare and pharmaceutical industry and the growing organized retail sector are the key factors driving the cold storage logistics market. Further, market leaders are focusing on developing RFID logistic management techniques for a smooth operational process expected to drive the market.This growth is primarily driven by Rapid Growing Adoption for Fast Track Assistance.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | -2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Air Freight & Logistics sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as A.N. DeringerInc (United States), CBT Inc (United States), DSC Logistics (United States), DSW Distribution CentersInc (United States), Hanover Logistics (United States), Burris Logistics (United States), FedEx Corporation (United States), H&M Bay Inc (United States), Keller Logistics Group (United States), ChoptankTransport Inc (United States), ITS Logistics (United States), Phoenix Logistics (India), Kenco (United States), Deutsche Post DHL Group (Germany), DB Schenker (Germany) and Others, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 27, 2021 DSV Panalpina had acquired Agility’s Global Integrated Logistics Business. Furthermore, agility has become the second-largest shareholder in DSV with an approximate 8% stake in the combined company. The main aim for acquisition is to expand business across various business verticals
On November 2021 FedEx Express has launched reusable packaging for more sustainable returns. The main aim for launching a new packaging product was designed to help meet the needs of a growing e-commerce market by promoting sustainable end-user consumer behaviorsThe major companies are exploring the market by new adopting mergers & acquisitions, expansions, investments, new service and region expansion, and collaborations as their preferred strategies. The market is expected to grow in the beverage industry due to higher adoption of the 3pl cold chain logistics several companies such as FedEx, DHL is operating in the market to provide customers better with various features & unique offerings. The 3pl cold chain logistics market is a partially fragmented market with the presence of several market players and local players.
Influencing Trend:
Increasing Demand for Convenience Food among Millennials
Market Growth Drivers:
Rapid Growing Adoption for Fast Track Assistance
Challenges:
3PL Cold chain logistics is a complex problem because of the multiple nodes and parties involved in moving chilled or frozen goods.
Restraints:
High Operational Cost Associated with 3PL Cold Chain Logistics
Opportunities:
Increasing Applications in Healthcare and Pharmaceutical Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of 3PL in Cold Chain Logistics Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of 3PL in Cold Chain Logistics Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of 3PL in Cold Chain Logistics players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, 3PL in Cold Chain Logistics Study Sheds Light on
The 3PL in Cold Chain Logistics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the 3PL in Cold Chain Logistics industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where 3PL in Cold Chain Logistics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.