Significant Growth Projected for the Refrigerated Transportation Market: Ensuring Safe Transport and Product Integrity
The global refrigerated transportation market is expected to expand by USD 39.15 billion from 2024 to 2028, growing at a CAGR of 7.81%, according to a report from Technavia. The increasing consumption of frozen foods and the trend towards electrified trailer technologies are primary growth drivers. Despite challenges from rising fuel costs and energy consumption, which impact operational expenses and profit margins, innovations in technology and logistics are helping to maintain growth in this sector. The increasing demand for high-quality, fresh products underscores the importance of reliable temperature-controlled logistics solutions. Refrigerated transport plays a critical role in moving temperature-sensitive goods such as food, pharmaceuticals, and chemicals. The safety and quality of these products depend heavily on selecting the right carrier, as improper handling can lead to spoilage, contamination, and significant financial losses. Here’s a closer look at why