Cold Chain Monitoring Market Size - By Component, By Temperature, By Logistics, By End Use, Analysis, Share, Growth Forecast, 2025 - 2034

Cold Chain Monitoring Market Size

The global cold chain monitoring market was valued at USD 6.7 billion in 2024 and is projected to grow at a CAGR of 14% between 2025 and 2034. The evolving global needs for a wide range of perishables pharmaceuticals, foods and beverages, and other temperature-sensitive items are the primary reasons for the growth of market.
 

The growing pharmaceutical and processed food industries have increased the demand for a constant cold chain, reliable enough to ensure the safety of these products throughout their lifecycle from production to consumption. As stated by IBEF, India pharmaceutical sector generated revenue of USD 65 billion in 2024 and is expected to cross USD 130 billion by 2030.
 

The expansion of cold chain monitoring solutions in IoT technologies along with appliances with advanced sensor systems significantly enhances its capabilities. With IoT, sensors, and RFID devices provide real-time monitoring, data logging, analytics, and other features that increase visibility and control over cold chain management processes.
 

For example, in February 2023, Danfoss announced a partnership with Lizard Monitoring, a retail technology company in the US, for supporting North American retailers to reduce food waste. The sensor networks offered by Lizard work perfectly with Danfoss Alsense monitoring system as constant temperature control is guaranteed. In addition, the rising importance of managing the healthcare supply chain is one of the major factors steering the uptake of cold chain monitoring solutions.
 

Cold Chain Monitoring Market Trends

• The adoption of blockchain technology for supply chains and cold chains monitoring systems is expected to grow massively. With the help of traceability and blockchain, the entirety of supply chain operations is recorded, which increases accountability and increases the overall efficiency. This goes in line with the increased attention and focus on compliance and accountability in the movement and storage of sensitive goods that require temperature control.
   
• For example, the value of the global blockchain technology market was USD 18.3 billion in 2024. Further, between 2025 and 2034, the market is projected to register a CAGR of 53.6%. The expansion of the market is expected to further gel with the cold chain monitoring market.
   
• The market for monitoring cold chains may also grow due to new support for technologies like AI and ML and their integration with CCTMS. Sensors and their historical data can be examined by these technologies to forecast and help avoid temperature breaches, which can spoil products. This improves cold chain management efficiency through active decision-making and enhanced control of temperature control parameters.
   
• For instance, in November 2024, Gather AI implemented system intelligence for cold storage and freezer inventory at fresh food warehouse. This enabled first automated inventory counting in controlled temperature zones. The company’s system is using drones with computer vision for automating the oversupply of cold storage areas.
   

Cold Chain Monitoring Market Analysis

Based on component, the cold chain monitoring market is divided into hardware and software. In 2024, the hardware segment dominated the market generating revenue of USD 4.5 billion and the hardware segment is expected to grow at a CAGR of around 14% during the forecast period.
 

• The increase in the need for hardware devices in the cold chain monitoring sector is rooted in the increased appreciation for the protection of temperature sensitive products and the sensors, RFID devices, network devices, telematics, and other hardware that provide real-time environmental data throughout the supply chain.
   
• As an example, Shipwell integrated with Tive in February 2025 to improve supply chain visibility by adding Tive's IoT tracking solution into Shipwell's Transportation Management System (TMS) which allows tracking and monitoring of operational logistics. This allows businesses to track their shipments in real time while improving efficiency and transparency in logistics management. Now specifics such as the geographic location of the shipment, as well as temperature, humidity, shock, light, and tilt can be constantly monitored.
   
• IoT-based solutions for cold chain monitoring are being driven by regulatory compliance with food and drug safety standards.
   

Based on temperature, the cold chain monitoring market is segmented into frozen and chilled. In 2024, the frozen segment dominates the market with 56% of market share and the frozen segment is expected to grow at a CAGR of over 14% from 2025 to 2034.
 

• The frozen segment holds the highest market share in the cold chain monitoring market due to the extensive demand for deep-freeze storage and transportation of temperature-sensitive goods. Pharmaceuticals, vaccines, and biologics require ultra-low temperatures (-20 °C to -80 °C) for their efficacy, and as a result, advanced monitoring solutions are needed.
   
• The food and beverage industry also uses frozen storage for meat, seafood, dairy, and frozen processed foods to meet food safety standards. These practices ensure that food safety standards are met as well as compliance with other laws.
   
• As an example, in January 2025, Zim Integrated Shipping Services Ltd. became a member of the coalition aimed at cold chain logistics which incentivizes the “Move to -15°C” carbon reduction policy. This coalition seeks to lessen the carbon burden associated with the supply chains that are sensitive to temperatures by pushing for new innovations and more efficient and greener ways of moving goods that go bad easily.
   

Based on the end user, the cold chain monitoring market is segmented into pharmaceutical & healthcare, food & beverage, logistics & distribution, chemical, and others, with the food & beverage category expected to dominate due to the rising global demand for perishable food products and stringent food safety regulations.
 

• The heightened demand for refrigerated logistics stems from the increased consumption of dairy products, frozen foods, meat, seafood, as well as fresh fruits and vegetables. In the United States, regulations such as the Food Safety Modernization Act (FSMA) and HACCP regulations worldwide compel the need to monitor food storage and transportation comprehensively, thus ensuring involvement.
   
• For example, in June 2024 Overhaul launched its new and innovative Cold Chain Quality Solution which is customized for industries within pharmaceuticals, health care, and the high-end food and beverage industry. The primary goals of this piece of software are to optimize risk and quality management for sensitive time and temperature products, which is one of the major issues of cold chain logistics.
   

In 2024, the North America region dominated the cold chain monitoring market with around 35% market share and U.S. leads the market in North America generating revenue of USD 2.1 billion.
 

• The region's pharmaceutical industry, which is a key cold chain market player, is growing at a remarkable rate. In addition, the U.S. Food and Drug Administration (FDA) has regulations that require products to be transported at certain temperatures, highlighting the importance of maintaining the cold chain. The surge in demand for e-commerce fresh and frozen foods also drives the requirement for more sophisticated cold chain systems.
   
• For example, Statista states that the anticipated revenue for the pharmaceutical market of the United States is expected to be around US 660 billion by 2025. This market will grow in volume at an annual average rate of 4.64% between 2025 and 2029, reaching a volume of US 791.30 billion by 2029. Increased spending in the U.S. pharmaceutical market supports the expansion of the cold chain monitoring industry.
   

The cold chain monitoring market in Germany is expected to experience significant and promising growth from 2025 to 2034.
 

• The monitoring of the cold chains market in Germany is expanding because of EU legalities concerning food and pharmaceutical safety, including GDP (Good Distribution Practice). With IoT, RFID technologies, and real-time monitoring, cold storage facilities’ requirements are well captured. The increase in biologics, vaccines, and food delivery due to pandemic e-commerce also fuels the market.
   
• For example, Cube Cold Europe was launched by I Squared Capital in March 2024. This new platform is a cold storage infrastructure bet and intends to deploy USD 350 million of capital in strategic European regions-port and logistics hubs with high demand for cold storage facilities. It has already built a portfolio of 75,000 square meters operating 2 seed assets in Benelux which consist of 90,000 pallet positions across 2 warehouses targeting clients from the ports of Antwerp, Bruges, Ghent, and Rotterdam.
   

The cold chain monitoring market in China is expected to experience significant and promising growth from 2025 to 2034.
 

• The ever-increasing usage of cold chain solutions across logistics China’s cold chain monitoring market is growing at a remarkable pace owing to the growth in the consumption of sensitive temperature pharmaceuticals, fresh food, and e-commerce logistics.
   
• Government initiatives such as the National Logistics Hub Plan and stricter Good Supply Practice (GSP) regulations are facilitating an increase in market adoption. The growth of the biotech and vaccine industry also intensifies the need for real time tracking systems.
   
• For example, Statista suggests that China’s vaccine market will have a massive spike in revenue, potentially reaching market volume around US 6,202 million by 2025 with a projected growth rate of a 10.73% CAGR between 2025 to 2029 making it US$9,324 million by 2029.
   

The cold chain monitoring market in Saudi Arabia is expected to experience significant and promising growth from 2025 to 2034.
 

• The market in Saudi Arabia is constantly growing because of the rising need of pharmaceuticals, vaccines, and perishables. Healthcare investments, especially regarding vaccine storage and biologics, is their key focus. Projects on Saudi Vision 2030 are enhancing logistics and cold storage construction. The growth of e-commerce and food delivery has created a need for more temperature-controlled transportation as well.
   
• For example, in June 2024, Saudi Arabia supported its objective of improving food security by supporting investment under the vision 2030 plan. The Kingdom suffers from an arid climate, limited arable land, water shortages, and high dependence on food imports. The plan also intends to allocate US$10 billion in order to address issues with the food supply chain while increasing self-sufficiency in domestically produced food.
   

Cold Chain Monitoring Market Share

• Top 7 companies of the cold chain monitoring industry are Emerson Electric, Honeywell International, Descartes Systems, Digi International, Cold Chain Technologies, Zebra Technologies, and Controlant holding around 13% of the market in 2024.
   
• Emerson Electric is working on integrating sensors and real time analytics for supply chain visibility improvements. The site claims that the company makes use of its Oversight platform to provide predictive tips and to manage compliance. Strategic partnerships and acquisitions strengthen the company’s positions in food and pharmaceutical logistics by optimizing temperature control and minimizing the spoiling of goods.
   
• Honeywell International applies cloud technologies together with AI to enhance cold chain monitoring. Honeywell integrates wireless sensors and automation technologies to track temperature sensitive cargo in real time. The company’s strategic focus includes relationships with logistics providers and deepening digital solutions on compliance and operational efficiency as well as risk in the transportation of pharmaceuticals and perishable goods.
   
• Descartes Systems integrate AI and predictive analytics in their cloud based cold chain monitoring solutions to enhance shipment logistics. The company is focused on improving shipment visibility through IoT and automated compliance checking processes. Strategic partnerships and acquisitions with logistic and supply chain companies help them expand market reach by enabling them to deliver compliant and efficient temperature sensitive freight services.
   

Cold Chain Monitoring Market Companies

Major players operating in the cold chain monitoring industry are:

• Cold Chain Technologies
• Controlant
• Descartes Systems
• Digi International
• Elpro-Buchs
• Emerson Electric
• Honeywell International
• ORBCOMM
• Roambee
• Zebra Technologies
   

Firms operating in the cold chain monitoring market employ a number of different initiatives including seeking new markets through partnerships as well as acquisitions and mergers, launching new monitoring technologies into the market, establishing new research and development centers, and investing in innovation.
 

Having partnered with logistics providers, IoT companies, and pharmaceutical businesses, companies are able to enhance tracking, analysis, and regulatory compliance. Through mergers and acquisitions, organizations can geographically broaden target markets, improve supply chain processes, and incorporate new sensor or automation technologies for monitoring purposes. These activities strengthen the effectiveness of cold chain monitoring systems which are relevant to food, pharmaceuticals, biotechnology, and other industries.
 

Market players in cold chain monitoring are working towards improvement of supply chain management through real time tracking, integration of IoT, and advanced analytics. Moreover, they focus on AI enabled predictive maintenance to minimize downtime and increase efficiency. Sharing data and meeting compliance requirements are more facilitated through the adoption of cloud-based platforms and blockchain. There is growth with entry into developing countries and collaboration with logistics companies. Increasing investments towards sustainability, such as energy saving monitoring solutions to lower emissions, is moving forward.
 

Cold Chain Monitoring Industry News

• In September 2024, Varcode launched an enhanced version of its Smart Tag VI, which now includes a Visual Indicator designed to improve temperature monitoring for sensitive products. This innovation aims to streamline operations and enhance safety across various industries, particularly in cold-chain logistics. The tag is activated by pulling a green start tab and begins monitoring as soon as it is deployed.
   
• In November 2024, Fusion Consulting developed a cold chain management solution (CCMS) built on the SAP Business Technology Platform (SAP BTP) in collaboration with SAP. This solution aims to ensure the integrity of temperature-sensitive products, such as medicines and vaccines, throughout the supply chain. CCMS supports the management of products under controlled storage, preventing temperature excursions and deviations during manufacturing and supply processes.
   
• In August 2024, Sensitech, a part of Carrier Global Corporation, finalized its acquisition of the monitoring solutions business of Berlinger & Co. AG, a Swiss company specializing in temperature monitoring for sensitive goods. The acquisition aims to create more comprehensive cold chain monitoring and visibility solutions for the pharmaceutical and life sciences industry. The acquisition enhances Sensitech's portfolio with Berlinger's innovative solutions, including real-time monitoring, software, and analytics.
   
• In October 2024, Identiv, Inc. and InPlay formed a strategic partnership to deliver Bluetooth Low Energy (BLE)-enabled tags and IoT solutions. The collaboration combines Identiv's BLE tag engineering and design expertise with InPlay's NanoBeacon™ technology. The partnership will focus on delivering BLE-enabled IoT solutions for high-value industrial applications, including cold-chain temperature compliance for food and logistics, asset tracking, and patient tracking in healthcare.
   

The cold chain monitoring market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) from 2021 to 2034, for the following segments:

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Market, by Component

• Hardware
  • Sensors
  • RFID devices
  • Telematics
  • Networking devices
  • Others
• Software
  • Real-time monitoring
  • Analytics and reporting

Market, by Temperature

• Frozen
• Chilled

Market, by Logistics

• Storage
• Transportation

Market, by End Use

• Pharmaceutical & healthcare
• Food & beverage
• Logistics & distribution
• Chemical
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa