Italy Cold Chain Logistics Market Size

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.