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Key Market Players
KERRY LOGISTICS NETWORK LIMITED
XPO LOGISTICS, INC
Trade Distribution Ltd
LINEAGE LOGISTICS HOLDINGS, LLC
AGRO MERCHANTS GROUP
BRING LOGISTICS UK LTD
CHILTERN COLD STORAGE GROUP LTD
ICE CO STORAGE & LOGISTICS
THE SEAFAST GROUP
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According to a recent report published by Allied Market Research, titled, “UK cold chain Logistics Market by End user Industry: Opportunity Analysis and Industry Forecast, 2018-2026,” the UK cold chain logistics market size was valued at $4.55 billion in 2018 and is projected to reach $24.37 billion by 2026, registering a CAGR of 23.6% from 2019 to 2026.
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Dry ice, gel packs, eutectic plates, liquid nitrogen, quilts, and reefers are some of the major cold chain technologies involved that are used to provide temperature-controlled environment during transportation. Gel pack consists of a phase changing substance that can transform from liquid to solid and vice versa and is a commonly adopted solution to provide low temperature. The temperature of dry ice (solid carbon dioxide) is around −80°C and has the capability to keep the shipments at a low temperature for an extended time. Eutectic plates, also known as cold plates, work on the same principal as gel packs. In addition, liquid used in these plates can be reused multiple times. Liquid nitrogen is mostly used for transportation of biological cargo such as organs and tissues.
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Furthermore, the rise in online grocery shopping has resulted in the increased refrigerated warehouses. Multiple export industries are dependent on the vital links that the cold chain solutions system provides. Moreover, businesses invest millions of dollars in UK cold chain logistics industry to create effective, efficient, and reliable process because an end-to-end cold chain security is the weak link in the system. Single breakdown in the cold chain logistics chain can lead to catastrophic losses of products and capital. In addition, the UK has been named as the third largest online grocery market in the world after South Korea and Japan. Furthermore, around 6.1% of the grocery sales in the UK is made online, which in turn propels the UK cold chain logistics market growth. Thus, increase in number of refrigerated warehouses to maintain the integrity of grocery sold online is expected to boost the growth of the cold chain logistics market in UK.
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