Use of RFID in cold chain logistics expected to drive market growth

The cold chain market size is estimated to grow by USD 358.49 billion from 2022 to 2027. However, the growth momentum will progress at a CAGR of 17.43% during the forecast period.

The market is segmented by Application (Meat fish and seafood, Fruits vegetables and beverages, Dairy and frozen desserts, Bakery and confectionery, and Healthcare), Type (Refrigerated warehouse and Refrigerated transportation), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). The market share growth by the meat fish and seafood segment will be significant during the forecast period. It is the largest segment of the global cold chain and is expected to remain the largest segment throughout the forecast period. Products such as meat should be refrigerated or frozen after processing and before shipment in order to limit the growth of pathogens and reduce the risk of spoilage.

The use of RFID in cold chain logistics is one of the key factors driving the global cold chain market growth. Cold chain logistics transport millions of tons of perishable and temperature-sensitive products. The products are manufactured, stored, transported, or distributed around the world. They include vegetables, fruits, fish, flowers, meat, and dairy products as well as medical products such as blood, medicines, organs, vaccines, plasma, and tissues.