Operation of Cold Chain Logistics Industry

In 2023, the scale of China's cold chain logistics market reached 517 billion yuan, a year-on-year increase of 5.2%; It is expected that by 2024, the market size will further grow to 574.5 billion yuan.

Chart: Changes in the Scale of China's Cold Chain Logistics Market from 2019 to 2024

Changes in Cold Storage Capacity and Scale

Based on data from the Global Cold Chain Alliance and the United States' cold storage capacity, the global cold storage capacity will reach 875 million cubic meters in 2022 and 946 million cubic meters in 2023. From the perspective of global cold storage supply and demand, there is an increasing demand for the global cold storage industry in the future, and major enterprises have a relatively complete layout of cold storage business with good development prospects.

Chart: Global Cold Storage Capacity Changes from 2018 to 2023