Italy Cold Chain Logistics Market Growth and Size, Industry Demand, Rising Trends, Revenue, CAGR Status, Business Challenges and Future Outlook 2033: SPER Market Research
“Cold chain” describes how frozen and chilled commodities are moved and stored. There are several production, distribution, storage, and logistical operations that must be completed at low temperatures. “Cold chain logistics” is the term used to describe the whole range of techniques used to maintain temperature-controlled goods and perishables fresh throughout transportation. Cold chain logistics is a synthesis of science, technology, and procedure. The cold chain’s technology relies on material techniques to keep temperatures low.
According to SPER market research, ‘Italy Cold Chain Logistics Market Size- By Service, By Temperature Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Italy Cold Chain Logistics Market is predicted to reach USD 20.36 billion by 2033 with a CAGR of 9.97%.
Drivers: Italy has a reputable freight and cold chain logistics market. Italy possesses the second-largest domestic rail multimodal transport market in Europe, following Germany. Italy transfers about 1.6 million twenty-foot equivalent units (TEU) and 12.3 million metric tons annually using both rail and road transportation. COVID-19 had a beneficial effect on the cold chain logistics in Italy. The greater demand for frozen foods and medications during the shutdown led to an expansion of the cold chain logistics market.
Furthermore, as consumer preferences have changed and health concerns have grown, fresh fruit and vegetable consumption has been gradually increasing throughout Europe. Fruit and vegetable production and trade increased as a result, calling for efficient coal chain logistics.
Challenges: In the cold chain transportation of food and pharmaceuticals, the three primary challenges are risk control, cost reduction, and regulatory compliance. Every organization has its own set of operational and technological constraints. Although cold chain technology has progressed, the most reliable systems remain too expensive to be widely available. Investing in real estate, building structures, obtaining licenses and permits, and establishing utilities like water and electricity are all necessary for cold chain systems. Moreover, the firm will need to make a sizable upfront cost in order to purchase the cooling equipment. The manufacturer must include working capital charges in addition to the previously mentioned fixed costs.
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Impact of COVID-19 on Italy Cold Chain Logistics Market
COVID-19 had an impact on all globally operating transportation modes that depend on logistics. The epidemic had a detrimental effect on some companies, but it did well for others, like e-commerce, healthcare & pharmaceuticals, and the daily essentials products sector. It was anticipated that these industries will help the global logistics sector during the COVID-19 pandemic. The COVID-19 limits for end users—manufacturers and suppliers of products related to baking, food and beverage, health and nutrition, and flowers, among other things—caused the Italy cold chain logistics market to grow less in 2020 and lose income. These restrictions had a negative effect on both supply and demand.
Additionally, some of the market key players are; DRS Depositi Regionali Surgelati SRL, Eurofrigo Vernate SRL, Fridocks General Warehouses and Frigoriferi SR, Frigocaserta SRL.
Our in-depth analysis of the Italy Cold Chain Logistics Market includes the following segments:
By Services:
- Storage
- Transportation
- Blast Freezing
- Labelling
- Inventory Management
By Temperature Type:
- Ambient
- Chilled
- Frozen
By Application:
- Horticulture
- Dairy Products
- Meats and Fish
- Processes Food Products
- Pharma, Life Science and Chemicals
- Others
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Italy Cold Chain Logistics Market Outlook 2033
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