Global Cold Chain Market by geography
The Global Cold Chain market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.
While globalization has made the relative distance between regions of the world much smaller, the physical separation of these same regions is still a very important reality. The greater the physical separation, the more likely freight can be damaged in one of the complex transport operations involved. Some goods can be damaged by shocks, while undue temperature variations can damage others.
To ensure that cargo does not become damaged or compromised throughout this process, businesses in the pharmaceutical, medical and food industries are increasingly relying on the cold chain.
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Competition Scenario in Global Cold Chain Market
The Global Cold Chain Market are highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Cold Chain. Large global players constitute ~20% of competitors, while regional players represent the second largest number of competitors. Some of the major players in the market include Agro Merchants Group LLC, Americold Logistics, Lineage Logistics LLC, Nichirei Corporation, Burris Logistics Inc., Kloosterboer Group B.V., Henningsen Cold Storage, VersaCold Logistics, Cold Chain Technologies Inc., Hanson Logistics, Trenton Cold Storage, United States Cold Storage, Tippmann Group, Swire Cold Storage Ltd., and Nova Cold Logistics, and others.
What is the Expected Future Outlook for the Overall Global COLD CHAIN Market Across the globe?
The Global Cold Chain market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Cold Chain market is driven by growing adoption of process automation across numerous industries, including automotive, energy utilities, and chemicals.
The cold chain market is expected to be fueled by increasing demand for temperature-controlled products in the country, the entry of several new players, and government initiatives and programs. Several cold chain operators are expanding their operations and setting up many new cold storage facilities to meet the high and growing demand for cold storage, giving a significant boost to the cold storage industry globally.
With the changing landscape of e-commerce and increased demand for online grocery delivery services, the future of cold chain logistics looks bright.
Logistics providers are constantly searching for new technologies that will not only improve operations, but help give their business a competitive edge. With customers also demanding greater efficiencies at increasingly lower costs, there is now an even greater push in the cold chain market to find and adopt new technology. In today’s market, providers can’t afford not to be forward-thinking.
Any changes in the supply chain regarding time, temperature, distance, environmental conditions result in the decline of the net present value of the products.
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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Banks and its Subsidiaries
- Cold Chain Facilities Providers
- Frozen products Distributors
- Refrigerator Space Manufacturers
- FMCG Distributers
- FMCG Companies
- Global Cold Chain Companies
- Technology Companies
- Tourism Agencies
- Government Bodies & Regulating Authorities
Time Period Captured in the Report
- Historical Period: 2017-2022
- Base Period: 2022
- Forecast Period: 2022-2027
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