The global perishable goods transportation market is segmented by modes of transportation (road transportation and sea transportation) and by products (meat, fish and seafood, dairy and frozen desserts, vegetables and fruits, bakery and confectionary and others). The research reports outlines the market shares of key regions including North America, Europe, APAC and ROW. The leading players in this market are C.H. Robinson, Ingersoll Rand, Maersk Line, NYK Line, and Swift Transportation.
Technavio’s market research analysts estimate the global perishable goods transportation market, which is expected to grow at a CAGR of 7% between 2016 and 2020. Surge in global trade has augmented the need for the transportation of perishable products from producers to end-users in distant locations. Increase in the demand for frozen foods, growth of the organized retail sector, rise in international trade, and increased concern about food wastage, are some of the primary factors propelling the growth of perishable goods transportation market. North America dominates the global market for perishable goods transportation, where the US is the major revenue contributor in the region. Increased demand for refrigerated transport support for vegetables and fruits by consumers is the main reason of this region’s growth.
The new market research report from Technavio provides a breakdown and analysis of the perishable goods transportation segments by technology.
“Several refrigerated road transport service providers in the global perishable goods transportation market are offering end-to-end integrated services. They are proposing end-to-end cold chain management services to customers such as inventory management, order scheduling, order forecasting, warehousing, and delivery management. Vendors are also providing disaster recovery services, which enable customers to track consignments and communicate with the entire supply chain. Some vendors are also providing training sessions for people involved in the cold chain,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
The demand for frozen foods is one of the main drivers of the global perishable goods transportation market. Food consumption patterns have changed worldwide, and people now prefer convenience foods, which require efficient logistics services. Temperature-sensitive food products are part of this trend, as these require efficient refrigerated transport services. Refrigerated road transport service providers are focusing on improving their supply chain efficiency and improving the technology used in cold storage facilities to deliver high-quality foods.
The key vendors in the global perishable goods transportation market are C.H. Robinson, Ingersoll Rand, Maersk Line, NYK Line, and Swift Transportation. This market is highly fragmented because of the presence of many domestic and international vendors. Intense competition prevails in this market, where market vendors compete on the basis of product differentiation, portfolio, and pricing. Transportation of perishable goods is a major link in the cold chain logistics functions.
A more detailed analysis is available in the Technavio report, Global Perishable Goods Transportation Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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