Cold Chain Logistics Market Volume Exceeds RMB 380 Billion

The Cold Chain Logistics Committee of the China Federation of Logistics and Purchasing (CFLP) released its ‘2020 China cold chain logistics 100 key enterprises analysis report’. According to the report, China saw its cold chain logistics market scale exceed RMB 380 billion (about US$ 58.64 billion) in 2020, and the market share of key enterprises broke 18% for the first time. Analysis showed that demand for cold chain logistics in China will continue to grow, and may break RMB 550 billion (about US$ 84.90 billion) in 2025. However, industry concentration needs to be further enhanced.