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Cold Chain Monitoring Market: Information by Logistics (Storage & Transportation), Application (Fruits & Vegetables, Dairy Products, Pharmaceuticals), and Region — Forecast till 2026

Market Snapshot
Study Period:
2016-2026
Base Year:
2021
Fastest Growing Market:
Europe
Largest Market:
North America
CAGR:
16.6 %
Key Players
ORBCOMM

Sensitech

Elpro-Buchs

Berlinger & Co

Monnit

Control

The worldwide cold chain monitoring market size is predicted to increase at a CAGR of 16.6% from 2021 to 2026, with a market value of USD 4.7 billion in 2021 during the forecast period.

Cold Chain Market Dynamics Monitoring

Increased Demand for Temperature-Sensitive Medications throughout the World is the Main Factor

The need for temperature-sensitive pharmaceuticals, such as vaccinations, and items that require temperature ranges for chemical stability, is increasing. Every year, the demand for heat-sensitive health items such as medications, vaccines, insulin, and derived blood products is increasing worldwide on the International Institute of Refrigeration (IIR). In this regard, the cold chain transit of these medications is the most crucial because of the potential for unexpected environmental changes.

Temperature changes during transit can cause medicines to lose their ability to treat, resulting in ineffective therapy in many situations. Air quality levels and temperature must be maintained, to avoid the deterioration of any pharmaceutical product. The packaging stage of items in the pharma supply chain operation must also provide end-to-end visibility and condition monitoring.

Since produced pharmaceuticals include high-value active components with limited shelf lives and tight temperature requirements, the necessity for temperature control and monitoring across the supply chain has grown. Because of this, temperature-sensitive pharmaceutical items require cold chain monitoring solutions. Controlling systems equipped with sensors that monitor and track temperature-sensitive items between 2 and 8°C are known as chain monitoring and tracking.

The High Cost of Implementation is a Constraint

The expense of installing a cold chain monitoring system is too expensive. The expense of deploying sensors and setting up a network of communication is considerable. An expenditure is required to ship high-value consignments across great distances while keeping them within their temperature range. Consequently, cold storage and transportation businesses are wary about investing in new monitoring systems. Real-time cold chain monitoring systems are expensive, especially for small and medium-sized businesses, and many food sector participants are SMEs, which operate on tight margins. Cold chain monitoring systems necessitate investments because of the market's enormous scale. Active refrigeration systems and passive cooling devices are two sorts of these options. It may appear simple, but the expenditure of putting up the cold chain is expensive. For large-scale actors in the cold chain network, enhanced dependability is achieved in a much shorter period by spending the appropriate amount and reaping the benefits. The constraint has a significant effect on people's lives. The high cost of cold chain monitoring solutions will impede the market's expansion.

Segmental Overview

Insight into Temperature

There are a variety of temperature zones in a large warehouse. Consequently, constant temperature monitoring is necessary to ensure that items are stored at the correct temperature and in the appropriate condition. Automated warehouse operations, including robots for inter-warehouse stock transfers and loading and unloading tasks, can help maximize warehouse efficiency and save costs. Automating the warehouse allows for more effective storage space, little wear and tear, more dependability, and lower operating expenses.

 Manufacturers and distributors can take faster preventative steps, minimizing the risk of spoiling or contamination, thanks to real-time visibility of cargo location, temperature, humidity, and other environmental conditions. Automated storage and retrieval systems (ASRS) can lower warehouse energy expenditures by 35 to 50% by allowing more storage in less chilled space while maintaining optimal temperature levels. Perishable consumer goods, such as frozen food and beverages, are among the most challenging issues in the cold storage supply chain.

An automated picking system can detect and dispose of expired products using RFID chips and scanners. Constant temperatures are used to preserve a wide range of agricultural products, including fruits and vegetables, because of their sensitivity to spoilage and physical wear and tear, which may lead to losses if they get contaminated. As a result, warehouse automation can help decrease these losses.

Insights into the Logistics Industry

Temperature-controlled storage and transportation are two individual markets within the cold chain monitoring sector. The storage category emerged as the biggest section and is expected to remain so for the foreseeable future because of the rising desire for packaged food worldwide. Consistent temperatures are required for the storage of packaged food, and pharmaceutical packaging temperatures are monitored using various sensors and control systems. Demand for remote monitoring of cold storage is likely to drive substantial growth in the storage market.

Transport will be the fastest-growing category over the projection period. Trade-in food, drinks, and pharmaceuticals are to blame for the increase in sales. An increasing need for remote monitoring and tracking refrigerated truck assets is also a factor in the segment's growth. Additionally, remote temperature monitoring technologies can assist any public health problems associated with the consumption of food and medications that are not stored at the proper temperature. For product quality and safety, remote monitoring systems might be of critical importance.

Insights into the Application

Fruits and vegetables, fruit pulp and concentrates, dairy products, fish, meat, and seafood, processed food, medicines, bakery, and confectionery are some of the subcategories of the market for cold chain monitoring. Increased consumption of processed foodstuffs and a shift in consumer eating habits are both responsible for the industry's expansion. Fish, meat, and seafood, on the other hand, grew to become the largest market category in 2018 and are predicted to maintain their dominance during the projection period.

 Over the next several years, the medicines market is expected to increase significantly. Increased demand worldwide enforces high regulatory standards to ensure the safe storage and transportation of pharmaceutical items. Temperature-sensitive pharmaceuticals and medicines must be kept and delivered at a constant temperature. Storing and delivering pharmaceutical items, supply chain operators are particularly interested in cold chain monitoring systems.

A High CAGR is Expected in the Chilled Cold Chain Monitoring Market

Mechanical cooling is required to boost the signal-to-noise ratio of cold chain monitors constructed using materials such as mercury cadmium telluride (HgCdTe) and indium antimonide (InSb). The sensitivity of InGaAs detectors is comparable to that of HgCdTe and InSb detectors at room temperature, it may be chilled to improve the sensitivity of InGaAs detectors. Thermoelectric or cryogenic cooling is used to cool the chilled cold chain monitors.

Detectors may also be cooled using liquid nitrogen in specific instances. Thermally produced noise may be reduced to a minimal amount by cooling the detector, which improves its performance. There are also drawbacks to using cooled cold chain monitoring, such as the higher cost. High-accuracy cooled chain monitoring is used in scientific research, astronomy, surveillance, and spectroscopy, among other fields.

Infrared (NIR and LWIR) and long-wave infrared (LWIR) cold chain monitoring systems do not often require chilling. It is possible to increase the sensitivity of InGaAs detectors by cooling them, however, this is not always the case. It's common for cooled cold chain monitoring systems to operate in the MWIR spectral region.

The Landscape of the Regions

The North American market for cold chain monitoring is now the highest growth in the Americas, and this trend is expected to continue over the next several years. Demand for cold chain monitoring systems in North American nations is expected to rise the demand for chilled and frozen food items. Refrigerated storage and refrigerated transportation are essential components of a cold chain monitoring system.

Imports and exports of exotic vegetables, fruit, and dairy products are expanding the rising demand, also driving the need for cold chain monitoring systems. There was a significant amount of perishable food imported and exported from North America in 2012. For the cold chain monitoring market in the area, the pharmaceutical and healthcare sectors have made significant contributions.

To ensure the safety, proper storage and distribution of pharmaceutical products, strict rules are in place. The region's strict food safety standards and the Global Cold Chain Alliance's (GCCA) efforts have a direct influence on the cold chain monitoring business.

Key Players

The leading key players and companies are one of the major factors responsible for the growth of the cold chain monitoring market.

Top leading companies are

  • ORBCOMM (US),
  • Sensitech (US),
  • Elpro-Buchs (Switzerland),
  • Berlinger & Co. (Switzerland),
  • Monnit (US),
  • Control (Iceland)

Cold Chain Monitoring Market: Segmentation

Cold Chain Monitoring Market, By Temperature Types

  • Frozen
  • Chilled

Cold Chain Monitoring Market, By Logistics

  • Storage
  • Transportation

Cold Chain Monitoring Market, By Applications

  • Fruits and vegetables
  • Fruit pulp & concentrates
  • Dairy products
  • Fish
  • Meat and seafood
  • Processed food
  • Pharmaceuticals
  • Bakery & confectionaries

Cold Chain Monitoring Market, By Geographies

North America

  • The U.S.
  • Canada
  • Mexico

South America

  • Argentina
  • Brazil

Europe

  • The U.K.
  • Germany
  • France
  • Italy
  • Netherlands
  • Spain
  • Rest of Europe

The Asia-Pacific (APAC)

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • The Rest of APAC

The Rest of the World (RoW)

  • Middle East
    • Saudi Arabia
    • A.E.
  • Africa

Frequently Asked Questions (FAQs)

During the forecast period, the worldwide cold chain monitoring market is predicted to increase at a CAGR of 16.6% from 2021 to 2026, with a market value of USD 4.7 billion in 2021.
Dairy products are expanding the rising demand is the key factors expected to drive Cold Chain Monitoring Market during forecast period.
North America is expected to hold the highest market share in Cold Chain Monitoring Market.
ORBCOMM (US), Sensitech (US), Elpro-Buchs (Switzerland), Berlinger & Co. (Switzerland), Monnit (US), and Control (Iceland) are the top players in Cold Chain Monitoring Market.
In 2021 Global Cold Chain Monitoring Market was valued at USD 4.7 billion.
Transportation Logistics Segment is expected to be leading segment in Cold Chain Monitoring Market during the forecast period.
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