France Cold Chain Market is projected to be worth USD 26.19 billion by 2033 and is anticipated to surge at a CAGR of 9.66%.
Cold chain logistics ensures the safe delivery of temperature-sensitive products such as fresh agricultural goods, seafood, frozen meals, fruits, vegetables, dairy products, photographic films, chemicals, and pharmaceutical medications throughout the supply chain. This procedure has an impact on all stages of the supply chain, from purchase and transportation to storage and last-mile delivery of commodities. It entails using a variety of transportation modes for product delivery, including refrigerated vehicles, air cargo, refrigerated railcars, and refrigerated cargo. It also includes the use of temperature-controlled warehouses for storage and cold-insulated transportation vehicles for product delivery. It also plays an important role in maintaining product quality and freshness, extending marketing, eliminating overcapacity, and reducing transportation bottlenecks during peak seasons.
According to SPER Market Research, ‘France Cold Chain Market Size- By Services, By Temperature Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that The France Cold Chain Market is estimated to reach USD 26.19 Billion by 2033 with a CAGR of 9.66%.
Drivers:
E-commerce is one of the things that has driven the growth of the logistics sector in France. The explosive rise of online retail has presented new challenges for logistics companies, requiring them to adapt their operations to meet the needs of e-commerce customers. To accommodate this demand, businesses have been compelled to make investments in new technology and infrastructure, such automated warehouses. As the demand for food, beverages, and perishable commodities increases, so does the need for cold storage. The need for temperature-controlled transportation and warehousing to preserve product quality and sensitivity has arisen from the development of complex biologically based medications, as well as from the shipment of hormone treatments, vaccinations, and complex proteins that require cold chain modifications.
Challenges:
The France Cold Storage Chain Logistics has a number of obstacles that may impede its expansion. The cold chain business requires considerable initial investments to create cold storage facilities, transportation networks, and other relevant infrastructure. The key barriers preventing market firms from automating warehouses are costly capital investment, high operating costs, and the costs associated with the scalability of various picking techniques. Furthermore, transportation equipment for the cold chain, such as refrigerated trucks and containers, is more expensive than standard vehicles. The significant initial investments required to construct a cold chain system can also provide a problem for smaller enterprises and start-ups, who may struggle to obtain the necessary funding to compete with larger established corporations.
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Impact of COVID-19 on France Cold Chain Market
The COVID-19 epidemic has had a significant impact on the cold chain logistics business in the France. The pandemic drove up demand for cold chain solutions, particularly in the food and pharmaceutical industries. With the increase in e-commerce and online grocery shopping, logistics companies were under unprecedented pressure to improve their cold storage and transit capacities. To reduce risk, several organizations prioritized local sourcing and implemented more resilient supply chains. This move has pushed investments in technologies, including Internet of Things and block chain, to improve temperature-sensitive product tracking and monitoring throughout the supply chain. Furthermore, the vaccination deployment demonstrated the crucial role of cold chain logistics in the healthcare industry. The need for ultra-cold storage for particular COVID-19 vaccinations requires fast changes in logistical infrastructure.
France Cold Chain Market Key Players:
In France Cold Chain Market, Paris dominates the market due to its extensive transportation network and high concentration of Food and Pharmaceutical companies. Some of the key players in the market are IRIS Logistics, Kloosterboer Harnes, Kuehne + Nagel, Mutual Logistics, Olano Logistique, and others.
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France Cold Chain Market Share
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