Cold Chain Monitoring Market Size & Forecast Report - 2025 to 2030

The global cold chain monitoring market size was valued at around USD 5 billion in 2021 and expected to grow at a higher CAGR of over 16% during the forecast period from 2022 to 2028. The rising demand for cold chain monitoring in pharmaceutical and healthcare applications is a primary factor driving the market growth. Furthermore, the growing demand for the solutions in various applications such as dairy products, frozen food, and processed food is further anticipated to boost the market over the forecast period. Moreover, the rising regulations regarding temperature-sensitive goods and the growing demand for temperature-sensitive drugs are projected to propel the market growth in the next upcoming years.

Market Drivers:

Increasing demand for perishable and temperature-sensitive products: The demand for perishable products, such as food and pharmaceuticals, is on the rise globally. These products require strict temperature control throughout the supply chain to maintain their quality, safety, and efficacy. Cold chain monitoring solutions enable real-time monitoring of temperature and other environmental conditions, ensuring the integrity of these products and reducing the risk of spoilage or degradation.

Stringent regulations and quality standards: Governments and regulatory bodies have established strict regulations and quality standards for the storage and transportation of temperature-sensitive products. Compliance with these regulations is essential for ensuring product safety, efficacy, and consumer protection. Cold chain monitoring solutions help businesses meet these regulatory requirements by providing accurate and verifiable temperature data, ensuring compliance and reducing the risk of penalties or product recalls.

Growing focus on food safety and traceability: Food safety and traceability have become significant concerns for consumers, regulators, and industry stakeholders. Cold chain monitoring plays a critical role in ensuring food safety by monitoring and maintaining the required temperature conditions throughout the entire food supply chain. It enables real-time tracking and tracing of food products, allowing for quick identification and response to any potential quality or safety issues.

Expansion of the pharmaceutical and healthcare industry: The pharmaceutical and healthcare industry relies heavily on cold chain logistics to maintain the efficacy of drugs, vaccines, and other temperature-sensitive medical products. The growth of the pharmaceutical industry, particularly in developing countries, drives the demand for cold chain monitoring solutions to ensure the integrity and quality of these products during storage and transportation.

Increasing globalization of supply chains: The globalization of supply chains has led to longer and more complex distribution networks. Products are often transported across different regions and countries, exposing them to varying environmental conditions. Cold chain monitoring solutions provide real-time visibility and control over the entire supply chain, ensuring that temperature-sensitive products are protected and maintained within the required temperature range regardless of the geographical location.

Advancements in sensor technology and connectivity: Technological advancements in sensors, wireless connectivity, and IoT (Internet of Things) have revolutionized cold chain monitoring. The availability of cost-effective and compact sensors, along with the increasing adoption of wireless connectivity, enables real-time data collection, remote monitoring, and proactive alerts in case of temperature excursions or deviations. These advancements enhance the efficiency, accuracy, and reliability of cold chain monitoring systems.

Cost reduction and operational efficiency: Cold chain monitoring solutions help optimize supply chain operations and reduce costs. By providing real-time data on temperature and environmental conditions, businesses can identify inefficiencies, reduce product loss, and improve resource allocation. Cold chain monitoring also facilitates predictive maintenance, enabling proactive interventions to prevent equipment failures and reduce downtime.

Increasing consumer demand for product transparency and quality: Consumers are increasingly concerned about the quality, safety, and origin of the products they purchase. They expect transparency in the supply chain and want assurance that the products they consume have been stored and transported under the appropriate temperature conditions. Cold chain monitoring solutions enable businesses to provide product traceability, transparency, and quality assurance, meeting consumer expectations and building trust.

Market Snapshot:

Market Insights:

The global cold chain monitoring market is bifurcated into components, logistics, applications, and region. On the basis of components, the market is further segmented into hardware and software. The hardware segment dominated the global market in 2021 and is estimated to hold the largest revenue share of over 2/3 market share by the end of the analysis period. The hardware segment includes the tracking and tracing activities and includes the RFID devices, networking devices, sensors data loggers, and telematics and telemetry devices. The rising demand for cold chain monitoring solutions in various industries such as pharmaceuticals, food, and dairy products is anticipated to fuel the segment growth over the forecast period.

On the basis of application, the market is segmented into food & beverage, pharma & healthcare, chemicals, and other applications. The food & beverage segment dominated the global cold chain monitoring market in 2021 and is expected to register a healthy CAGR over the forecast period. The increasing demand for processed food and the changing dietary preference among people are some major factors driving the segment growth. Furthermore, the growing demand for frozen food in various economies is further anticipated to fuel the segment growth over the forecast period. On the flip side, the pharmaceutical and healthcare segment is accounted to grow at a significant CAGR over the forecast period.

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The cold chain monitoring comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The cold chain monitoring market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Component:

• Hardware
• Software

By Logistics:

• Storage
• Transportation

By Application:

• Food & Beverage
• Pharma & Healthcare
• Chemicals
• Other Applications

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, North America dominated the global cold chain monitoring market in 2021 and is expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. the growing demand for chilled and frozen food is a major factor to drive the market growth in the region. Furthermore, the increasing demand for dairy products, vegetables, and fruits is driving imports, as well as exports of foreign vegetables, fruits, and dairy products, thereby increasing the demand for cold chain monitoring solutions in North America. On the flip side, the Asia Pacific is accounted to register the fastest growth rate over the forecast period.

Competitive Assessment:

Some of the major market players operating in the global cold chain monitoring market are Orbcomm, Sensitech, Berlinger & Co., Monnit, and Controlant. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Orbcomm
• Sensitech
• Berlinger & Co.
• Monnit
• Controlant
• Elpro-Buchs
• Securerf Corporation
• Savi Technology
• Zest Labs
• Infratab

Key Questions Answered by Cold Chain Monitoring Market Report

• Global cold chain monitoring market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Cold chain monitoring submarket forecasts from 2022-2028 covering the market by component, by logistics, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level cold chain monitoring markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market