Sweden Cold Chain Logistics Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 8.00 % |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
Sweden Cold Chain Logistics Market Analysis
The Sweden Cold Chain Logistics Market is estimated to be valued at more than USD 4 billion and is estimated to grow at a CAGR of more than 8% during the forecast period.
- High inflation, which reduced real disposable earnings during last year, and the mounting debt from mortgage loans as monetary policy tightened both limited private consumption.
- Due to sound corporate balance sheets, gross fixed capital formation remained comparatively stable. In the backdrop of the significant terms-of-trade shock, net trade decreased growth as import growth-driven in part by investment-exceeded export growth. Records on both the production and usage sides indicate a 0.6% quarter-over-quarter loss in the economy during the fourth quarter, which saw a decline in GDP.
- In the first half of 2023, the economy is predicted to continue shrinking before strengthening later in the year. Due to the decline in real disposable income, the high level of uncertainty, and the rising unemployment rate, households are preparing to make additional adjustments to their consumer spending. From 2023-Q3 onward, moderate consumption growth is anticipated as the inflation shock fades, real disposable income begins to recover, and the property market hits its lowest point.
- The supply chain is now able to safely move temperature-sensitive products and goods like fresh produce, seafood, frozen meals, photographic film, chemicals, and pharmaceutical pharmaceuticals thanks to technology and a process known as "cold chain logistics". Cold chain logistics has several different uses. The supply chain cycle, which includes warehousing, shipping, and last-mile distribution, is impacted by the use of cold chain logistics.
- Furthermore, some of the modes of transportation used to deliver goods include refrigerated trucks, refrigerated railcars, refrigerated cargo, and air freight. The method for cold storage involves, among other things, temperature-insulated delivery vehicles for product delivery and temperature-controlled facilities for product storage.
Sweden Cold Chain Logistics Market Trends
Pharmaceutical Industry Demands Advanced Cold-Chain Services
The Swedish economy now heavily depends on the life sciences sector. Swedish pharmaceutical exports totaled almost 70 billion SEK in the first half of 2022 alone, rising nearly 40% from the same period the previous year. One of the few sectors for which stakeholders anticipate ongoing growth is the pharmaceutical business, despite an economic environment that is becoming more ambiguous.
The first half of the year saw around 70 billion SEK in Swedish pharmaceutical exports. When imports reached 31.5 billion SEK, the pharmaceutical sector contributed 38.5 billion SEK to Sweden's overall net trade, but there was still a 3 billion SEK deficit.
Drugs need special care since they are sensitive to temperature changes, such as temperature-controlled transit, which is often handled by logistics service providers. The marketing authorization given to the drug contains details about these conditions. Most medications are kept between 59 °F and 77 °F in a regulated setting. Biotechnologies and vaccines frequently need to be kept in the positive cold between 35,6 °F to 46,4 °F for storage. Certain vaccines, like messenger RNA vaccines, which must be stored at -4 or even -94 °F, even require a negative cold.
E-Commerce Driving the Cold Chain Logistics
Sweden is one of the most technologically advanced countries, and its consumers have a high level of e-commerce maturity. Sweden's consumers are among the most technologically savvy and affluent consumers in the world, and they are also the top users of eCommerce in Europe. In March 2023, blocket.se was the most popular eCommerce & shopping website in Sweden, followed by amazon.se in second place and tradera.com in third. These three websites are considered the leaders of the Swedish eCommerce & shopping websites. The fourth-ranked prisjakt.nu and last-place pricerunner.se round up the top 5 eCommerce & Shopping websites ranking list in Sweden for March 2023.
Sweden has the largest e-commerce market in the Nordic region. The percentage of retail purchases made online had been rising rapidly between 2007 and 2021 when the COVID-19 epidemic first appeared. With the emergency over, people started going back to the high street, which decreased the demand for online shopping. As a result, in 2022, e-commerce experienced a record-breaking decline. Recent projections indicate that Swedish e-commerce sales will reach approximately 136 billion Swedish kronor in 2022, or more than 12 billion euros. Compared to 2021, the amount decreased by 10 billion Swedish kronor or about 899,000 euros. The e-commerce business is still booming despite the post-pandemic slump; it's probably just returning to its natural growth trajectory.
Sweden Cold Chain Logistics Industry Overview
The Swedish cold chain logistics sector is highly fragmented, with both domestic and foreign businesses present. Cool Carriers AB, Seafrigo Nordic AB, KMP Transport AB, Klimat Cold Transport, DHL Logistics, New Cold Logistics, etc. are a few of the major competitors in the sector. These businesses are also in charge of the nation's cold chain logistics development.
Sweden Cold Chain Logistics Market Leaders
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DHL Logistics
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Klimat Transport & Logistik AB
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DB Schenker
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Bring Logistics
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Nordic Cold Chain Solutions
*Disclaimer: Major Players sorted in no particular order
Sweden Cold Chain Logistics Market News
- November 2022: To serve customers' expansion needs across six European Tier 1 markets, DHL Supply Chain, the top contract logistics provider in the world, has established a 400,000 sqm carbon-neutral real estate portfolio. All of the locations, which are strategically located in logistics hubs, will have strong multi-modal transport connectivity to meet the needs of a variety of clients.
- May 2022: An approximately 44,000 square metre multi-user logistics centre will be constructed in Sipoo, Finland, by DHL Supply Chain, the company that leads contract logistics within the Deutsche Post DHL Group. The centre, which is around 35 kilometres north of Helsinki, is slated to open in the first quarter of 2024. Construction on the 130,000 square metre property will start in June of this year after an agreement was made.
Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Market
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Current Market Scenario
- 4.2 Technological Trends
- 4.3 Government Regulations and Initiatives
- 4.4 Spotlight on Ambient/Temperature-Controlled Storage
- 4.5 Value Chain/Supply Chain Analysis
- 4.6 Impact of Emission Standards and Regulations on Cold Chain Industry
- 4.7 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Pharmaceutical Industry Demands Advanced Cold-Chain Services
- 5.1.2 E-commerce driving the cold chain logistics
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5.2 Market Restraints/Challenges
- 5.2.1 Damaged Goods
- 5.2.2 Increasing Transportation Cost
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5.3 Market Opportunities
- 5.3.1 Digitization in the Logistics Sector
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5.4 Industry Attractiveness - Porter's Five Forces Analysis
- 5.4.1 Threat of New Entrants
- 5.4.2 Bargaining Power of Buyers/Consumers
- 5.4.3 Bargaining Power of Suppliers
- 5.4.4 Threat of Substitute Products
- 5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
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6.1 By Service
- 6.1.1 Storage
- 6.1.2 Transport
- 6.1.3 Value-Added Services (Blast Freezing, Labeling, Inventory Management, etc.)
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6.2 By Temparature
- 6.2.1 Chilled
- 6.2.2 Frozen
- 6.2.3 Ambient
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6.3 By Application
- 6.3.1 Horticulture (Fresh Fruits & Vegetables)
- 6.3.2 Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.)
- 6.3.3 Fish, Meat and Poultry
- 6.3.4 Processed Food
- 6.3.5 Pharmaceutical (Including Biopharma)
- 6.3.6 Other Applications
7. COMPETITIVE LANDSCAPE
- 7.1 Market Concentration Overview
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7.2 Company Profiles
- 7.2.1 DB Schenker
- 7.2.2 Bring Logistics
- 7.2.3 DHL logistics
- 7.2.4 Spedman Global Logistics
- 7.2.5 Nordic Cold Chain Solutions
- 7.2.6 Agility logistics
- 7.2.7 Envirotainer
- 7.2.8 Klimat Transport & Logistik AB
- 7.2.9 Kyl & Frysexpressen AB
- 7.2.10 Toll Group*
- *List Not Exhaustive
8. FUTURE OF THE MARKET
9. APPENDIX
** Subject To AvailablitySweden Cold Chain Logistics Industry Segmentation
The market for cold chain logistics entails the logistical planning necessary to preserve the integrity of these shipments while transporting temperature-sensitive goods along a supply chain using thermal and chilled packing techniques. Refrigerated trucks, railcars, air freight, and refrigerated cargo are all common routes of transportation.
The report provides a comprehensive background analysis of the Sweden Cold Chain Logistics market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the industry's competitive landscape. Additionally, the COVID-19 impact has been incorporated and considered during the study. Sweden's cold chain logistics market is segmented By Service (Storage, Transportation, and Value-Added Services), By Temperature Type (Chilled, Frozen, and Ambient), By Application (Horticulture (Fresh Fruits & Vegetables), Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.), Fish, Meat and Poultry, Processed Food, Pharmaceutical (Including Biopharma), and Other Applications). The report offers market size and forecasts for the Sweden Cold Chain Logistics market in value (USD billion) for all the above segments.
| By Service | Storage |
| Transport | |
| Value-Added Services (Blast Freezing, Labeling, Inventory Management, etc.) | |
| By Temparature | Chilled |
| Frozen | |
| Ambient | |
| By Application | Horticulture (Fresh Fruits & Vegetables) |
| Dairy Products (Milk, Butter, Cheese, Ice Cream, etc.) | |
| Fish, Meat and Poultry | |
| Processed Food | |
| Pharmaceutical (Including Biopharma) | |
| Other Applications |
Frequently Asked Questions
What is the current Sweden Cold Chain Logistics Market size?
The Sweden Cold Chain Logistics Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Sweden Cold Chain Logistics Market?
DHL Logistics, Klimat Transport & Logistik AB, DB Schenker , Bring Logistics and Nordic Cold Chain Solutions are the major companies operating in the Sweden Cold Chain Logistics Market.
What years does this Sweden Cold Chain Logistics Market cover?
The report covers the Sweden Cold Chain Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Sweden Cold Chain Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sweden Cold Chain Logistics Industry Report
Statistics for the 2024 Sweden Cold Chain Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sweden Cold Chain Logistics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
