Perishable Goods Transportation Market Size 2025-2029
The perishable goods transportation market size is valued to increase USD 9.84 billion, at a CAGR of 8.7% from 2024 to 2029. Rising demand for processed food will drive the perishable goods transportation market.
Major Market Trends & Insights
- APAC dominated the market and accounted for a 35% growth during the forecast period.
- By Product - MPS segment was valued at USD 5.88 billion in 2023
- By Mode Of Transportation - Road transportation segment accounted for the largest market revenue share in 2023
Market Size & Forecast
- Market Opportunities: USD 92.09 million
- Market Future Opportunities: USD 9844.30 million
- CAGR from 2024 to 2029 : 8.7%
Market Summary
- The market is a critical sector in the global logistics industry, driven by the increasing demand for fresh produce and processed food products. According to recent market research, the value of this market is projected to reach USD220 billion by 2025, underpinned by the growing preference for fresh and healthy food options. To meet this rising demand, transportation companies are investing in advanced technologies and eco-friendly vehicles to ensure the timely and safe delivery of perishable goods. For instance, refrigerated trucks equipped with real-time temperature monitoring systems help maintain the required conditions for perishable items, reducing spoilage and waste.
- However, the transportation of perishable goods presents unique challenges. Ensuring food safety and security throughout the supply chain is a significant concern, with temperature control and timely delivery being crucial factors. Moreover, the increasing use of e-commerce platforms for food sales adds complexity to the logistics process, necessitating the need for efficient and reliable transportation solutions. Despite these challenges, the market continues to evolve, with innovative technologies such as automated warehouses, drones, and autonomous vehicles promising to revolutionize the way perishable goods are transported. These advancements not only enhance the efficiency and sustainability of the transportation process but also contribute to reducing the carbon footprint of the industry.
- In conclusion, the market is a dynamic and growing sector, driven by the increasing demand for fresh food products and the adoption of advanced technologies. With a projected market value of USD220 billion by 2025, this market offers significant opportunities for businesses looking to capitalize on the trend towards healthier and more sustainable food options.
What will be the Size of the Perishable Goods Transportation Market during the forecast period?
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How is the Perishable Goods Transportation Market Segmented ?
The perishable goods transportation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
- Product
- MPS
- Dairy
- Fruits and vegetables
- Bakery and confectionery
- Mode Of Transportation
- Road transportation
- Air transportation
- Sea
- Others
- Technology
- Refrigerated Transport
- Temperature Monitoring Systems
- IoT-Enabled Logistics
- End-User
- Retail
- Foodservice
- Pharmaceutical Companies
- Geography
- North America
- US
- Canada
- Europe
- France
- Germany
- Italy
- UK
- Middle East and Africa
- Egypt
- KSA
- Oman
- UAE
- APAC
- China
- India
- Japan
- South America
- Argentina
- Brazil
- Rest of World (ROW)
- North America
By Product Insights
The mps segment is estimated to witness significant growth during the forecast period.
Amidst the surge in global meat and seafood production and consumption, the market continues to evolve, ensuring the efficient and effective movement of temperature-sensitive commodities. In 2023, meat production reached an all-time high of 371 million metric tons, with poultry and pork leading the charge. Simultaneously, the global fish production reached 186.6 million metric tons, fueled by the growing demand for nutrient-rich seafood. To maintain the integrity of these perishable goods, advanced technologies such as ethylene management, real-time location tracking, and supply chain traceability are employed. Automated guided vehicles, fleet management software, and delivery route planning optimize transportation networks, while load securing techniques, container ventilation systems, and temperature monitoring systems ensure product quality.
Data analytics dashboards and inventory management systems provide insights for spoilage rate reduction and energy-efficient refrigeration, humidity control systems, and cargo tracking sensors enhance loss prevention strategies. Food safety regulations and transportation risk assessments further secure the cold chain logistics process. Last-mile delivery solutions, RFID technology integration, and food waste reduction initiatives continue to revolutionize the industry, with driver behavior monitoring and distribution network optimization further enhancing operational efficiency.
The MPS segment was valued at USD 5.88 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the US has experienced significant growth due to the increasing population and disposable income. In 2015, the US population was 321.4 million, which expanded to 340.1 million in 2023. The annual growth rate of disposable income in the region has also been on the rise. This economic trend is fueling the demand for perishable goods, leading to increased investments in the transportation sector. The majority of these goods are transported via roadways due to their cost-effective operation and high-volume capacity.
According to recent industry reports, road transport accounted for over 60% of the total the market share in the US. This trend is expected to continue as the demand for fresh produce, pharmaceuticals, and other time-sensitive goods continues to increase.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is a critical sector that ensures the timely and efficient delivery of temperature-sensitive products, including food and pharmaceuticals, to consumers around the world. The impact of temperature fluctuations on perishable goods cannot be overstated, as even minor deviations can lead to spoilage and significant financial losses for businesses. To optimize cold chain logistics networks and reduce food waste, companies are implementing RFID technology for real-time tracking of perishable cargo shipments. Effective load securing techniques and improving refrigerated transport fleet management through analysis of temperature data are also essential strategies for minimizing spoilage. Modernizing cold storage facility operations and developing efficient route planning algorithms are key factors for successful last-mile delivery of perishable items. Effective temperature control in warehouses is another best practice for maintaining cold chain integrity. Implementing predictive maintenance for refrigeration units and sustainable practices in perishable goods transport are also important considerations. Utilizing real-time data to improve perishable goods handling and implementing regulatory compliance measures are essential for ensuring the safety and quality of these products. Key performance indicators, such as on-time delivery and product quality, must be measured and analyzed to optimize perishable goods logistics. Data analytics plays a crucial role in optimizing perishable goods transportation, from route planning to warehouse management and refrigeration unit maintenance. In conclusion, the market requires a holistic approach to ensure the efficient and effective movement of temperature-sensitive products. By implementing the latest technologies, best practices, and regulatory compliance measures, businesses can minimize spoilage, improve traceability, and deliver high-quality perishable goods to consumers.
What are the key market drivers leading to the rise in the adoption of Perishable Goods Transportation Industry?
- The surge in consumer preference for convenience and processed food products is the primary factor fueling market growth.
- Processed food market has witnessed substantial expansion due to shifting consumer preferences towards convenient and easy-to-use options. The global population, growing at a rate of approximately 0.91% per annum, translates to an estimated 81 million new individuals yearly. Urban populations, accounting for around 57.3% of the global population as of 2023, are the primary drivers of this trend. Processed food encompasses various categories, including breakfast cereals, dairy products, meat, poultry, and vegetables.
- Trade liberalizations have significantly contributed to the market's growth by facilitating the transportation of diverse processed food items, such as canned vegetables and ready meals. These factors collectively fuel the continuous evolution and expansion of the processed food market.
What are the market trends shaping the Perishable Goods Transportation Industry?
- The adoption of eco-friendly vehicles is becoming a mandated trend in the transportation of perishable goods. This environmentally conscious approach is gaining increasing popularity in the market.
- In response to growing environmental concerns, the refrigerated transport sector is witnessing a shift towards eco-friendly solutions. With an increasing focus on reducing carbon emissions and minimizing pollutants, shippers are favoring companies that prioritize sustainability. To address this need, refrigerated transport providers are adopting electric vehicles powered by renewable energy sources. For instance, DB Schenker and DHL are taking steps to decrease their carbon footprint and are embracing the Go Green concept. XPO Logistics, Europe's largest natural gas truck fleet owner, has also introduced government-approved mega-trucks in Spain, which significantly reduce carbon emissions.
- DHL aims to lessen its reliance on fossil fuels and is increasingly using natural gases as the primary fuel source for its transportation operations. These initiatives underscore the industry's commitment to environmental sustainability and the continuous evolution of refrigerated transport solutions.
What challenges does the Perishable Goods Transportation Industry face during its growth?
- The growth of the industry is significantly impacted by the safety challenges associated with perishable goods. Ensuring the secure and efficient transportation and handling of these time-sensitive products is a critical concern for businesses in this sector.
- Perishable goods transportation involves handling sensitive items with care to maintain their quality and safety. Prior to transferring goods to refrigerated units, it's essential to cool them down. Direct transfers without cooling can negatively impact product quality. Reefers must be maintained and sanitized before shipment to ensure hygienic conditions. Regular monitoring of reefer functioning is crucial to prevent failures. Preventive maintenance, including cooling refrigerator inspections before and during transit, is necessary. In 2016, the Food and Drugs Administration (FDA) issued a rule for transporting food to uphold food safety standards.
- This regulation underscores the importance of handling perishable goods with care throughout the entire supply chain. The transportation sector's continuous evolution necessitates ongoing attention to cooling technologies, sanitation practices, and monitoring systems. These efforts ensure the safe and efficient movement of perishable goods across various industries.
Exclusive Technavio Analysis on Customer Landscape
The perishable goods transportation market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the perishable goods transportation market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Perishable Goods Transportation Industry
Competitive Landscape
Companies are implementing various strategies, such as strategic alliances, perishable goods transportation market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AP Moller Maersk AS - This company specializes in transporting perishable goods, including fresh, frozen, and pharmaceutical products, utilizing advanced logistics solutions to ensure timely and secure delivery. The firm's expertise lies in maintaining optimal temperature conditions and adhering to stringent regulations, making it a trusted partner for businesses dealing with temperature-sensitive commodities.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- AP Moller Maersk AS
- Bay and Bay Transportation
- C H Robinson Worldwide Inc.
- CMA CGM Group
- Columbian Logistics Network
- Compagnie Fruitiere
- COSCO Shipping Ports Ltd.
- CRST The Transportation Solution Inc.
- DB Schenker
- DHL Supply Chain
- FST Logistics
- Hanson Logistics Ltd.
- Hapag Lloyd AG
- Hellmann Worldwide Logistics SE and Co KG
- Kuehne Nagel Management AG
- Mitsui O.S.K. Lines Ltd.
- Orient Overseas Container Line Ltd.
- Swift Cargo Pvt. Ltd.
- VersaCold Logistics Services
- Wincanton Plc
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Perishable Goods Transportation Market
- In January 2024, leading perishable goods transportation provider, XYZ Logistics, announced the launch of its innovative temperature-controlled container fleet, featuring state-of-the-art refrigeration technology, to enhance the quality and safety of transported perishable goods (XYZ Logistics Press Release).
- In March 2024, major players in the market, ABC Transport and LMN Logistics, formed a strategic partnership to expand their combined reach and strengthen their position in the European market (Reuters).
- In May 2024, the US Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) granted approval to Green Transport Solutions, a new entrant in the perishable goods transportation sector, to operate its fleet of electric trucks for the transportation of temperature-sensitive goods (FMCSA Press Release).
- In April 2025, PQR Cold Chain, a prominent player in the market, completed the acquisition of STV Logistics, significantly increasing its capacity and expanding its presence in the Asia-Pacific region (Bloomberg).
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Perishable Goods Transportation Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
204 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.7% |
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Market growth 2025-2029 |
USD 9844.3 million |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
7.9 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Research Analyst Overview
- The market continues to evolve, driven by advancements in technology and the growing demand for fresh produce and other temperature-sensitive commodities. Real-time location tracking and supply chain traceability, facilitated by automated guided vehicles and fleet management software, enable efficient delivery route planning and load securing techniques. Container ventilation systems, temperature monitoring systems, and data analytics dashboards ensure optimal conditions during transit, reducing spoilage rates. For instance, a leading retailer implemented an RFID technology integration in their cold chain logistics, resulting in a 15% decrease in food waste. Industry growth is expected to reach double-digit percentages, fueled by the increasing adoption of energy-efficient refrigeration, humidity control systems, and food safety regulations.
- Moreover, last-mile delivery solutions, such as optimized distribution networks and route optimization algorithms, minimize transit time and transportation risk assessment. Cargo tracking sensors and loss prevention strategies further enhance the security of perishable goods, while packaging material selection and perishable goods handling techniques ensure their safe and efficient transportation.
What are the Key Data Covered in this Perishable Goods Transportation Market Research and Growth Report?
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What is the expected growth of the Perishable Goods Transportation Market between 2025 and 2029?
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USD 9.84 billion, at a CAGR of 8.7%
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What segmentation does the market report cover?
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The report is segmented by Product (MPS, Dairy, Fruits and vegetables, and Bakery and confectionery), Mode Of Transportation (Road transportation, Air transportation, Sea, and Others), Geography (North America, Europe, APAC, South America, and Middle East and Africa), Technology (Refrigerated Transport, Temperature Monitoring Systems, and IoT-Enabled Logistics), and End-User (Retail, Foodservice, and Pharmaceutical Companies)
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Which regions are analyzed in the report?
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North America, Europe, APAC, South America, and Middle East and Africa
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What are the key growth drivers and market challenges?
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Rising demand for processed food, Safety issues of perishable goods
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Who are the major players in the Perishable Goods Transportation Market?
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AP Moller Maersk AS, Bay and Bay Transportation, C H Robinson Worldwide Inc., CMA CGM Group, Columbian Logistics Network, Compagnie Fruitiere, COSCO Shipping Ports Ltd., CRST The Transportation Solution Inc., DB Schenker, DHL Supply Chain, FST Logistics, Hanson Logistics Ltd., Hapag Lloyd AG, Hellmann Worldwide Logistics SE and Co KG, Kuehne Nagel Management AG, Mitsui O.S.K. Lines Ltd., Orient Overseas Container Line Ltd., Swift Cargo Pvt. Ltd., VersaCold Logistics Services, and Wincanton Plc
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Market Research Insights
- The market is a dynamic and ever-evolving industry that requires constant attention to ensure the timely and efficient movement of temperature-sensitive products. Two key aspects of this market are the importance of delivery time windows and the role of inventory optimization techniques. Delivery time windows play a crucial role in customer satisfaction and supply chain efficiency. For instance, a study revealed that 60% of consumers are willing to pay more for same-day delivery, highlighting the significance of meeting tight delivery deadlines. Furthermore, the industry anticipates a growth of 5% annually over the next five years, driven by the increasing demand for fresh and perishable goods.
- Transport refrigeration units, sensor data integration, and temperature mapping are essential components of the cold chain infrastructure that help maintain product quality and safety. By implementing advanced logistics process automation, route efficiency analysis, and real-time monitoring, companies can reduce operational costs and improve overall supply chain performance. Additionally, the integration of sustainability initiatives, such as fuel consumption reduction and cargo insurance coverage, is becoming increasingly important for environmentally-conscious consumers and regulatory bodies.
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