Market Size of Italy Cold Chain Logistics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 8.76 Billion |
Market Size (2029) | USD 13.92 Billion |
CAGR (2024 - 2029) | 9.73 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Italy Cold Chain Logistics Market Analysis
The Italy Cold Chain Logistics Market size is estimated at USD 8.76 billion in 2024, and is expected to reach USD 13.92 billion by 2029, growing at a CAGR of 9.73% during the forecast period (2024-2029).
- The impact of COVID-19 was widely visible across all the logistics-dependent modes of transport worldwide. Although some industries struggled due to the pandemic, some were thriving, such as healthcare & pharmaceuticals, e-commerce, and the daily essentials goods industry, which were expected to affect the logistics industry positively during the COVID-19 outbreak globally. However, for the Italy cold chain logistics market, the year 2020 witnessed a decline in terms of revenue and growth, owing to the negative demand and supply outlook due to COVID-19 restrictions for end users, including manufacturers and suppliers of food & beverages, health & nutrition products, bakery, flower related products, and many others. The overall production activities of these industries declined, owing to operations with limited workforce capacity and inadequate health safety measures. This expected weak business performance directly impacted the overall sales of the system and service of cold chain logistics in European countries.
- The Italian freight and cold chain logistics market ranks high globally. Italy has the second-largest European domestic rail combined transport market in Europe after Germany. Italy has about 1.6 million twenty-foot equivalent units (TEU) and 12.3 million metric tons of combined transportation annually through rail and road transportation. COVID-19 had a positive impact on the Italian cold chain logistics. During the lockdown, the high demand for frozen food and pharmaceutical products helped grow the cold chain logistics market.
- After years of stagnation, the cold chain logistics industry is undergoing a reversal trend because of the country's positive rebound in exports and showing signs of growth again. The country has a highly developed and efficient transport and logistics network, especially in the northern and central regions, and has a vast domestic and international market due to its strategic position in central Europe. The cold chain market has enormous potential during the forecast period.
- Major industries in Italy include textiles and clothing, food and beverages, metals and metal products, chemicals, shipbuilding, pharmaceuticals, and medical equipment. The growing demand for organized retail and the increasing awareness of consumers to reduce food waste have driven the demand for cold chain logistics. With the advancement of new technologies, the use of cold chains in the food and beverage sector may help prevent the deterioration of food quality.
Italy Cold Chain Logistics Industry Segmentation
The cold chain logistics market involves transporting temperature-sensitive products along a supply chain through thermal and refrigerated packaging methods and the logistical planning to protect the integrity of these shipments. Transportation modes are refrigerated trucks, railcars, refrigerated cargo, and air cargo. Furthermore, the report provides critical insights into the Italy cold chain logistics market. It includes technology developments, trends, and government regulations in the sector. Also, it focuses on market dynamics. Additionally, the competitive landscape of the Italy cold chain logistics market is depicted through the profiles of active, vital players.
The Italy Cold Chain Logistics Market is segmented by services (Storage, Transportation, and Value-added Services), temperature type (Ambient, Chilled, and Frozen), and application (Horticulture (Fresh Fruits and Vegetables), dairy products (Milk, Ice-cream, Butter, etc.), meat and fish, processed food products, pharma, life sciences, and chemicals, and other applications). The report offers market size and forecast values (USD billion) for all the above segments.
By Services | |
Storage | |
Transportation | |
Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.) |
By Temperature Type | |
Ambient | |
Chilled | |
Frozen |
By Application | |
Horticulture (Fresh Fruits and Vegetables) | |
Dairy Products (Milk, Ice-cream, Butter, etc.) | |
Meats and Fish | |
Processed Food Products | |
Pharma, Life Sciences, and Chemicals | |
Other Applications |
Italy Cold Chain Logistics Market Size Summary
The Italian cold chain logistics market is poised for significant growth, driven by its strategic position in central Europe and a highly developed transport network. The market is experiencing a resurgence after a period of stagnation, fueled by increased demand in sectors such as healthcare, pharmaceuticals, and e-commerce. The COVID-19 pandemic initially posed challenges, leading to a decline in revenue due to disrupted supply chains and reduced production activities in key industries like food and beverages. However, the subsequent rise in demand for frozen foods and pharmaceuticals during lockdowns provided a boost to the cold chain logistics sector. Italy's robust export performance and the growing awareness of food waste reduction have further propelled the market, highlighting its potential for expansion in the coming years.
Italy's cold chain logistics industry is characterized by a fragmented market with numerous domestic and international players. The sector is witnessing collaborations and new entries, although challenges such as high operating costs and insufficient development persist. Major players like Safim Logistics, Frigocaserta SRL, and Eurofrigo Vernate SRL are prominent in the market. The logistics sector in Italy has attracted significant investment, with international investors showing increased interest, which has enhanced market liquidity. Despite macroeconomic uncertainties and rising financing costs, the market continues to attract attention as a high-potential logistics destination in Europe. The demand for cold chain facilities is expected to grow, driven by advancements in technology and the need to maintain food quality, particularly in the food and beverage sector.
Italy Cold Chain Logistics Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Current Market Scenario
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1.2 Market Dynamics
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1.2.1 Drivers
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1.2.2 Restraints
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1.2.3 Opportunities
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1.3 Technological Trends and Automation
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1.4 Government Regulations and Initiatives
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1.5 Industry Value Chain/Supply Chain Analysis
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1.6 Spotlight on Ambient/Temperature-controlled Storage
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1.7 Industry Attractiveness - Porter's Five Forces Analysis
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1.8 Impact of Emission Standards and Regulations on Cold Chain Industry
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Services
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2.1.1 Storage
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2.1.2 Transportation
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2.1.3 Value-added Services (Blast Freezing, Labeling, Inventory Management, etc.)
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2.2 By Temperature Type
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2.2.1 Ambient
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2.2.2 Chilled
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2.2.3 Frozen
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2.3 By Application
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2.3.1 Horticulture (Fresh Fruits and Vegetables)
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2.3.2 Dairy Products (Milk, Ice-cream, Butter, etc.)
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2.3.3 Meats and Fish
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2.3.4 Processed Food Products
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2.3.5 Pharma, Life Sciences, and Chemicals
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2.3.6 Other Applications
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Italy Cold Chain Logistics Market Size FAQs
How big is the Italy Cold Chain Logistics Market?
The Italy Cold Chain Logistics Market size is expected to reach USD 8.76 billion in 2024 and grow at a CAGR of 9.73% to reach USD 13.92 billion by 2029.
What is the current Italy Cold Chain Logistics Market size?
In 2024, the Italy Cold Chain Logistics Market size is expected to reach USD 8.76 billion.