How Cold Chain Expansion Is Driving Growth in the Refrigerated Transport Market
Market Overview The global refrigerated transport market plays a vital role in the cold chain logistics ecosystem, ensuring the safe and efficient movement of temperature-sensitive goods across the supply chain. According to Polaris Market Research, the market was valued at USD 106.45 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% during the forecast period, reaching USD 198.35 billion by 2030. Refrigerated transport involves specialized vehicles, containers, and equipment designed to maintain precise temperature and humidity levels for perishable products. Key applications include fresh produce, meat, seafood, dairy, pharmaceuticals, and frozen foods. The industry utilizes various modes such as roadways, railways, airways, and waterways to minimize spoilage, extend shelf life, and reduce wastage—critical for food security, pharmaceutical efficacy, and global trade. Growth is propelled by rising international trade of perishable commodities, e...