The cold chain temperature monitoring market is experiencing rapid growth, projected to increase from $8.79 billion in 2024 to $10.33 billion in 2025, at a CAGR of 17.5%. By 2029, it is expected to reach $19.5 billion, driven by rising global trade, increased pharmaceutical demand, and the need for precise temperature control in logistics.
Key factors fueling this expansion include the boom in e-commerce, where the demand for temperature-sensitive goods is rising. In the U.S., e-commerce sales hit $1.1 trillion in 2023, marking a 7.6% increase from 2022. Additionally, technological advancements, such as real-time tracking, AI-driven analytics, and automation, are transforming the sector. Companies are focusing on improving security and operational efficiency while ensuring compliance with strict regulatory standards.
Major players in the market include Zebra Technologies, Cryoport Inc., Cold Chain Technologies, Controlant, Sensitech Inc., DeltaTrak, and ORBCOMM, among others. These industry leaders are expanding their product portfolios and introducing innovative solutions. A key example is the CubiSens XT1, launched by CubeWorks in September 2022, which offers real-time temperature tracking using multiple sensors, enhancing safety and efficiency in cold chain logistics.
The market is segmented into hardware, including temperature loggers, real-time monitoring devices, and temperature indicators, and software, with on-premise and cloud-based solutions. It caters to industries such as pharmaceuticals, processed food, dairy, seafood, bakery & confectionery, and fresh produce.
Geographically, North America is the dominant region in 2024, while Asia-Pacific is expected to be the fastest-growing market in the coming years. With the increasing adoption of IoT-enabled tracking devices and AI-powered analytics, the future of cold chain temperature monitoring looks promising. Companies investing in real-time visibility and automation will gain a competitive edge.
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Aead of growing tariffs on China and threats against other countries, imports at the nation’s major container ports are expected to remain high according to the Global Port Tracker report released on Feb. 7 by the National Retail Federation and Hackett Associates.
“Supply chains are complex,” NRF vice president for Supply Chain and Customs Policy Jonathan Gold said, in a statement. “Retailers continue to engage in diversification efforts. Unfortunately, it takes significant time to move supply chains, even if you can find available capacity.
"While we support the need to address the fentanyl crisis at our borders, new tariffs on China and other countries will mean higher prices for American families. Retailers have engaged in mitigation strategies to minimize the potential impact of tariffs, including frontloading of some products, but that can lead to increased challenges because of added warehousing and related costs. We hope to resolve our outstanding border security issues as quickly as possible because there will be a significant impact on the economy if increased tariffs are maintained and expanded.”
Retailers have been frontloading imports of key products for several months because of the potential for the East Coast/Gulf Coast port strike in January as well as to get ahead of potential tariffs from President Donald Trump. Feb. 1 , Trump announced tariffs of 25% on most goods from Canada and Mexico and 10% on goods from China. The Canadian and Mexican tariffs were suspended on Monday for 30 days, but the China tariffs took effect on Feb. 4.
Hackett Associates Founder Ben Hackett said tariffs on Canada and Mexico would initially have minimal impact at ports because most imports from either country move by truck, rail or pipeline. In the long term, tariffs on goods that receive final manufacturing in Canada or Mexico but originate elsewhere could prompt an increase in direct maritime imports to the U.S. In the meantime, port cargo “could be badly hit” if tariffs on overseas Asian and European nations increase prices and prompt consumers to buy less, he said.
“At this stage, the situation is fluid, and it’s too early to know if the tariffs will be implemented, removed or further delayed,” Hackett said, in a statement. “As such, our view of North American imports has not changed significantly for the next six months.”
U.S. ports covered by Global Port Tracker handled 2.14 million TEU– in December, although the Port of New York and New Jersey and the Port of Miami have yet to report final data. That was down 0.9% from November but up 14.4% year over year, and would be the busiest December on record.
December brought 2024 to a total of 25.5 million TEU, up 14.8% from 2023 and the highest level since 2021’s record of 25.8 million TEU during the pandemic.
Ports have not yet reported January’s numbers, but Global Port Tracker projected the month at 2.11 million TEU, up 7.8% year-over-year.
Projections include:
February, traditionally the slowest month of the year because of Lunar New Year factory shutdowns in China, is forecast at 1.96 million TEU, up 0.2% year over year.
March is forecast at 2.14 million TEU, up 11.1% year over year
April at 2.18 million TEU, up 8.2%
May at 2.19 million TEU, up 5.4%,
June at 2.13 million TEU, down 0.6%.
goods from China. The Canadian and Mexican tariffs were suspended on Monday for 30 days, but the China tariffs took effect on Feb. 4.
Hackett Associates Founder Ben Hackett said tariffs on Canada and Mexico would initially have minimal impact at ports because most imports from either country move by truck, rail or pipeline. In the long term, tariffs on goods that receive final manufacturing in Canada or Mexico but originate elsewhere could prompt an increase in direct maritime imports to the U.S. In the meantime, port cargo “could be badly hit” if tariffs on overseas Asian and European nations increase prices and prompt consumers to buy less, he said.
“At this stage, the situation is fluid, and it’s too early to know if the tariffs will be implemented, removed or further delayed,” Hackett said, in a statement. “As such, our view of North American imports has not changed significantly for the next six months.”
U.S. ports covered by Global Port Tracker handled 2.14 million TEU– in December, although the Port of New York and New Jersey and the Port of Miami have yet to report final data. That was down 0.9% from November but up 14.4% year over year, and would be the busiest December on record.
December brought 2024 to a total of 25.5 million TEU, up 14.8% from 2023 and the highest level since 2021’s record of 25.8 million TEU during the pandemic.
Ports have not yet reported January’s numbers, but Global Port Tracker projected the month at 2.11 million TEU, up 7.8% year-over-year.
Projections include:
February, traditionally the slowest month of the year because of Lunar New Year factory shutdowns in China, is forecast at 1.96 million TEU, up 0.2% year over year.
March is forecast at 2.14 million TEU, up 11.1% year over year
April at 2.18 million TEU, up 8.2%
May at 2.19 million TEU, up 5.4%,
June at 2.13 million TEU, down 0.6%.
Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC Daily News Bulletin.
Discover all our upcoming events and secure your tickets today.
Journal of Supply Chain is a Hansi Bakis Media brand.