Canada Cold Chain Market Size & Outlook, 2023-2030
Canada cold chain market, 2017-2030 (US$M)
Related Markets
Canada cold chain market highlights
- The Canada cold chain market generated a revenue of USD 19,353.4 million in 2023 and is expected to reach USD 61,971.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 18.1% from 2024 to 2030.
- In terms of segment, storage was the largest revenue generating type in 2023.
- Monitoring Components is the most lucrative type segment registering the fastest growth during the forecast period.
Cold chain market data book summary
| Market revenue in 2023 | USD 19,353.4 million |
| Market revenue in 2030 | USD 61,971.6 million |
| Growth rate | 18.1% (CAGR from 2023 to 2030) |
| Largest segment | Storage |
| Fastest growing segment | Monitoring Components |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Storage, Transportation, Packaging, Monitoring Components |
| Key market players worldwide | United States Cold Storage, Burris Logistics, Wabash National Corp, Newcold, Sonoco Products Co, United Parcel Service Inc Class B, A. P. Moller Maersk A/S ADR, Nichirei Corp, Tippmann Group / Interstate Warehousing / Tippmann Construction, Americold Realty Trust Inc, Lineage Logistics |
Other key industry trends
- In terms of revenue, Canada accounted for 7.1% of the global cold chain market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cold chain market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 61,971.6 million by 2030.
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Cold Chain Market Scope
Cold Chain Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada cold chain market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold chain market will help companies and investors design strategic landscapes.
Storage was the largest segment with a revenue share of 49.64% in 2023. Horizon Databook has segmented the Canada cold chain market based on storage, transportation, packaging, monitoring components covering the revenue growth of each sub-segment from 2017 to 2030.
The Canadian cold chain market is driven by multiple factors, including growing exports, technological advancements, and changing demographics across the country. The export market for Canadian temperature-sensitive products, such as seafood and meat, has witnessed growth in recent years. This has led to an increase in the demand for cold chain logistics services capable of handling the complex requirements of international shipping.
The other factor responsible for the growth of the Canadian cold chain market includes technological advancements in the cold chain industry, such as real-time monitoring and tracking systems, which have improved the efficiency and safety of cold chain logistics. Such technologies have made it easier for companies to transport and store temperature-sensitive products and have contributed to the growth of the Canadian cold chain market.
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Our clientele includes a mix of cold chain market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada cold chain market , including forecasts for subscribers. This country databook contains high-level insights into Canada cold chain market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cold chain market size, by type, 2017-2030 (US$M)
Canada Cold Chain Market Outlook Share, 2023 & 2030 (US$M)
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