Perishable Goods Transportation Market Expected to Reach USD 9.37 Billion by 2032 | Growing at a CAGR of 8.5%

Expanding global trade in perishable products, including fresh produce, pharmaceuticals, and temperature-sensitive goods, is expected to drive market expansion in the near future at a CAGR of 8.50% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Perishable Goods Transportation Market” that contains information from 2018 to 2032. The Perishable Goods Transportation market is estimated to register a CAGR of 8.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Perishable Goods Transportation market— Africa Express Line Limited, Bay & Bay Transportation, C.H. Robinson Worldwide Inc, CMA CGM Group (MERIT France SAS), DB Schenker, Deutsche Post AG, FST Logistics Inc, Hapag-Lloyd AG, Hellmann Worldwide Logistics SE, K Line Logistics Ltd (Kawasaki Kisen Kaisha Ltd).

Perishable Goods Transportation Market Highlights

The global perishable goods transportation market is accounted to register a CAGR of 8.50% during the forecast period and is estimated to reach USD 9.37 billion by 2032.

The perishable goods transportation market is characterized by dynamic growth, primarily fueled by the expanding global supply chains, the rise of e-commerce in the food and pharmaceutical sectors, and the increasing demand for fresh and frozen products. Stringent regulations and standards for the transportation of perishable goods, coupled with advancements in refrigeration and cold chain technologies, are shaping the market. Companies are investing in innovative packaging and tracking solutions to ensure the integrity of perishable goods during transit.

Segment Analysis

The global perishable goods transportation market has been segmented based on type and mode of transportation.

On the basis of type, the market is segmented into MPS, Dairy and Frozen Desserts, Vegetables & Fruits and Bakery & Confectionery. The MPS segment was attributed to holding the largest market share in 2022, due to their ability to provide comprehensive and streamlined logistics solutions.

Based on mode of transportation, the global Perishable Goods Transportation market has been segmented into Rail Transportation, Air Transportation, Marine Transportation and Road Transportation. The road transportation segment was expected to hold the largest market share in 2022, due to its flexibility, cost-effectiveness, and extensive reach into diverse geographical areas.

Regional Analysis

The global Perishable Goods Transportation market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Perishable Goods Transportation market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Perishable Goods Transportation market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Perishable Goods Transportation market comprises of Middle East, Africa, and Latin America.

The largest market share for Perishable Goods Transportation was maintained by the North American regional sector. This increase is attributed to the continent's extensive and interconnected supply chains, catering to the demands of a diverse and geographically dispersed consumer base. The robust agricultural and food processing industries, coupled with the growing consumer preference for fresh and organic produce, contribute to the increasing need for efficient and reliable transportation of perishable goods.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Perishable Goods Transportation is driven by the region’s intricate food supply chains, stringent regulations ensuring the quality and safety of perishable products, and the increasing consumer demand for diverse and fresh food options.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the region's flourishing agricultural exports, increasing consumer demand for fresh and frozen food products, and the rapid growth of organized retail and e-commerce, necessitating efficient and reliable cold chain logistics to preserve the quality of perishable goods throughout the supply chain. The expansion of the food and pharmaceutical industries, coupled with a focus on improving cold chain infrastructure, further contributes to the market growth.

Furthermore, the rest of the world's Perishable Goods Transportation market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the the region's increasing food consumption, growing agricultural exports, and the need for advanced cold chain logistics to maintain the quality and freshness of perishable products throughout the supply chain.

Key Findings of the Study

• The global Perishable Goods Transportation market is expected to reach USD 9.37 billion by 2032, at a CAGR of 8.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the expanding food and pharmaceutical industries, rapid urbanization, and the increasing need for efficient cold chain logistics.


• Based on type, the MPS segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Africa Express Line Limited, Bay & Bay Transportation, C.H. Robinson Worldwide Inc, CMA CGM Group (MERIT France SAS), DB Schenker, Deutsche Post AG, FST Logistics Inc, Hapag-Lloyd AG, Hellmann Worldwide Logistics SE, K Line Logistics Ltd (Kawasaki Kisen Kaisha Ltd).

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