NEW YORK, July 20, 2023 /PRNewswire/ — The perishable goods transportation market size is expected to increase by USD 6.43 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.22%, according to Technavio – The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including – AP Moller Maersk AS, Africa Express Line Ltd., Bay and Bay Transportation, C.H. Robinson Worldwide Inc., CMA CGM Group, Columbian Logistics Network, COSCO Shipping Co., Ltd., CRST International Inc., DB Schenker, Deutsche Post AG, FST Logistics, Hanson Logistics Ltd, Hapag-Lloyd AG, Hellmann Worldwide Logistics SE and Co. KG, Kuehne Nagel International AG, Mitsui O.S.K. Lines Ltd., Swift Cargo Pvt. Ltd., VersaCold Logistics Services, Wincanton Plc, and Orient Overseas International Ltd. Download the sample Report
Technavio has announced its latest market research report titled Global Perishable Goods Transportation Market
Perishable Goods Transportation Market Insights –
Vendors: 15+, Including AP Moller Maersk AS, Africa Express Line Ltd., Bay and Bay Transportation, C.H. Robinson Worldwide Inc., CMA CGM Group, Columbian Logistics Network, COSCO Shipping Co., Ltd., CRST International Inc., DB Schenker, Deutsche Post AG, FST Logistics, Hanson Logistics Ltd, Hapag-Lloyd AG, Hellmann Worldwide Logistics SE and Co. KG, Kuehne Nagel International AG, Mitsui O.S.K. Lines Ltd., Swift Cargo Pvt. Ltd., VersaCold Logistics Services, Wincanton Plc, and Orient Overseas International 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: End-user (MPS, dairy, fruits and vegetables, and bakery and confectionery) and geography (North America, Europe, APAC, South America, and Middle East and Africa)
To understand more about the perishable goods transportation market, request a sample report
Key Drivers- The rising demand for processed food is one of the key drivers supporting the perishable goods transportation market growth. Breakfast cereals, dairy products, meat, poultry, and vegetables are mainly considered Processed food. This rising demand is due to the increase in the level of disposable income which has changed people’s spending behavior. As a result, they are trying and experiencing different food varieties irrespective of their price. In addition, modernization has helped in the transport of varieties of processed foods which includes tinned vegetables and ready meals. This drives the demand for perishable goods transportation in different countries globally. For example, the China-Australian free trade agreement helped Australian exporters to reduce the impact of the tariffs on agricultural and processed foods. Hence, these factors are expected to drive market growth during the forecast period.
Major Trends- The adoption of eco-friendly vehicles is one of the major perishable goods transportation market trends that is contributing to the market growth. Environmental awareness among the people has raised concerns over vehicle pollution. As a result, vendors have a smaller carbon footprint and generate fewer pollutants, are been considered by the shippers to transport across the countries. Furthermore, many refrigerated transport providers have switched to eco-friendly electric vehicles which run on renewable sources of energy to address environmental concerns. Major companies are adopting green logistics concept which is related to fleet management, green storage and packaging, logistics environment management, green transportation, and logistics innovation. For example, XPO Logistics owns the largest natural gas truck fleet in Europe and has also introduced mega-trucks in Spain which have been approved by the government. Hence, the adoption of eco-friendly vehicles is expected to drive market growth during the forecast period.
Significant Challenges- Food safety issues are one of the significant factors hindering the perishable goods transportation market growth. Damage and spoiling are very sensitive issues with perishable foods due to which transporting the food requires careful handling. Food safety problems can arise from failure at any point in the process. Cooling is required before transporting perishable food items to reefers. As a result, the product’s quality is affected by a direct transfer without cooling. In order to establish hygienic conditions, reefers must also be maintained and sanitized before export. Reefer operation always needs to be closely monitored to prevent failure. In addition, cooling refrigerators must be inspected both before and during the transport process as part of preventive maintenance. Hence, these food safety issues are expected to restrict market growth during the forecast period.
The perishable goods transportation market 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 prospects.
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What are the key data covered in this Perishable Goods Transportation Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the perishable goods transportation market between 2022 and 2026
Precise estimation of the size of the perishable goods transportation market and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the perishable goods transportation market across North America, Europe, APAC, South America, and the Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of perishable goods transportation market vendors
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Perishable Goods Transportation Market Scope |
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Report Coverage |
Details |
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Base year |
2021 |
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Historic period |
2017-2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.22% |
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Market Growth 2022-2026 |
USD 6.43 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
6.17 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 42% |
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Key countries |
US, China, India, UK, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AP Moller Maersk AS, Africa Express Line Ltd., Bay and Bay Transportation, C.H. Robinson Worldwide Inc., CMA CGM Group, Columbian Logistics Network, COSCO Shipping Co., Ltd., CRST International Inc., DB Schenker, Deutsche Post AG, FST Logistics, Hanson Logistics Ltd, Hapag-Lloyd AG, Hellmann Worldwide Logistics SE and Co. KG, Kuehne Nagel International AG, Mitsui O.S.K. Lines Ltd., Swift Cargo Pvt. Ltd., VersaCold Logistics Services, Wincanton Plc, and Orient Overseas International Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis – Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by End-user
5.1 Market segments
Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user
5.3 MPS – Market size and forecast 2021-2026
Exhibit 28: Chart on MPS – Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on MPS – Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on MPS – Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on MPS – Year-over-year growth 2021-2026 (%)
5.4 Dairy – Market size and forecast 2021-2026
Exhibit 32: Chart on Dairy – Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Dairy – Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Dairy – Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Dairy – Year-over-year growth 2021-2026 (%)
5.5 Fruits and vegetables – Market size and forecast 2021-2026
Exhibit 36: Chart on Fruits and vegetables – Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Fruits and vegetables – Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Fruits and vegetables – Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Fruits and vegetables – Year-over-year growth 2021-2026 (%)
5.6 Bakery and confectionery – Market size and forecast 2021-2026
Exhibit 40: Chart on Bakery and confectionery – Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Bakery and confectionery – Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Bakery and confectionery – Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Bakery and confectionery – Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by End-user
Exhibit 44: Market opportunity by End-user ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 46: Chart on Market share by geography 2021-2026 (%)
Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 48: Chart on Geographic comparison
Exhibit 49: Data Table on Geographic comparison
7.3 North America – Market size and forecast 2021-2026
Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)
7.4 Europe – Market size and forecast 2021-2026
Exhibit 54: Chart on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Europe – Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Europe – Year-over-year growth 2021-2026 (%)
7.5 APAC – Market size and forecast 2021-2026
Exhibit 58: Chart on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on APAC – Year-over-year growth 2021-2026 (%)
7.6 South America – Market size and forecast 2021-2026
Exhibit 62: Chart on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on South America – Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America – Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa – Market size and forecast 2021-2026
Exhibit 66: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
7.8 US – Market size and forecast 2021-2026
Exhibit 70: Chart on US – Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on US – Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on US – Year-over-year growth 2021-2026 (%)
7.9 China – Market size and forecast 2021-2026
Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)
7.10 Germany – Market size and forecast 2021-2026
Exhibit 78: Chart on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Germany – Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Germany – Year-over-year growth 2021-2026 (%)
7.11 UK – Market size and forecast 2021-2026
Exhibit 82: Chart on UK – Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on UK – Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on UK – Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on UK – Year-over-year growth 2021-2026 (%)
7.12 India – Market size and forecast 2021-2026
Exhibit 86: Chart on India – Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on India – Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on India – Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on India – Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 91: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 93: Overview on factors of disruption
9.4 Industry risks
Exhibit 94: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 95: Vendors covered
10.2 Market positioning of vendors
Exhibit 96: Matrix on vendor position and classification
10.3 AP Moller Maersk AS
Exhibit 97: AP Moller Maersk AS – Overview
Exhibit 98: AP Moller Maersk AS – Business segments
Exhibit 99: AP Moller Maersk AS – Key offerings
Exhibit 100: AP Moller Maersk AS – Segment focus
10.4 C.H. Robinson Worldwide Inc.
Exhibit 101: C.H. Robinson Worldwide Inc. – Overview
Exhibit 102: C.H. Robinson Worldwide Inc. – Business segments
Exhibit 103: C.H. Robinson Worldwide Inc. – Key news
Exhibit 104: C.H. Robinson Worldwide Inc. – Key offerings
Exhibit 105: C.H. Robinson Worldwide Inc. – Segment focus
10.5 Columbian Logistics Network
Exhibit 106: Columbian Logistics Network – Overview
Exhibit 107: Columbian Logistics Network – Product / Service
Exhibit 108: Columbian Logistics Network – Key offerings
10.6 DB Schenker
Exhibit 109: DB Schenker – Overview
Exhibit 110: DB Schenker – Business segments
Exhibit 111: DB Schenker – Key offerings
Exhibit 112: DB Schenker – Segment focus
10.7 Deutsche Post AG
Exhibit 113: Deutsche Post AG – Overview
Exhibit 114: Deutsche Post AG – Business segments
Exhibit 115: Deutsche Post AG – Key news
Exhibit 116: Deutsche Post AG – Key offerings
Exhibit 117: Deutsche Post AG – Segment focus
10.8 Hanson Logistics Ltd
Exhibit 118: Hanson Logistics Ltd – Overview
Exhibit 119: Hanson Logistics Ltd – Product / Service
Exhibit 120: Hanson Logistics Ltd – Key offerings
10.9 Hapag-Lloyd AG
Exhibit 121: Hapag-Lloyd AG – Overview
Exhibit 122: Hapag-Lloyd AG – Business segments
Exhibit 123: Hapag-Lloyd AG – Key offerings
Exhibit 124: Hapag-Lloyd AG – Segment focus
10.10 Hellmann Worldwide Logistics SE and Co. KG
Exhibit 125: Hellmann Worldwide Logistics SE and Co. KG – Overview
Exhibit 126: Hellmann Worldwide Logistics SE and Co. KG – Product / Service
Exhibit 127: Hellmann Worldwide Logistics SE and Co. KG – Key news
Exhibit 128: Hellmann Worldwide Logistics SE and Co. KG – Key offerings
10.11 Kuehne Nagel International AG
Exhibit 129: Kuehne Nagel International AG – Overview
Exhibit 130: Kuehne Nagel International AG – Business segments
Exhibit 131: Kuehne Nagel International AG – Key offerings
Exhibit 132: Kuehne Nagel International AG – Segment focus
10.12 Wincanton Plc
Exhibit 133: Wincanton Plc – Overview
Exhibit 134: Wincanton Plc – Business segments
Exhibit 135: Wincanton Plc – Key offerings
Exhibit 136: Wincanton Plc – Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 139: Currency conversion rates for US$
11.4 Research methodology
Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources
11.5 List of abbreviations
Exhibit 143: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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