The Global Cold Chain Market Is Anticipated To Reach USD ~Billion By The End Of 2027 – Ken Research

 Buy Now

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.

To Know More about this report, download a Free Sample Report

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.

Visit This link Request for Custom Report

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

For more insights on the market intelligence, refer to the link below:

Global Cold Chain Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

 

Global Cold Chain market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2027 – Ken Research

                                                                                                                   Buy Now

What is the Size of Global Cold Chain Industry?

The Cold Chain Market is largely driven by rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector.

There shall be a good growth in the Asia Pacific region due to a growing demand for different types of processed food as well as frozen meat and different types of dairy products through the nations like India, China, South Korea as well as Japan. through the use of cutting-edge, integrated technology.

Increase in the purchasing power and growing demand for food products that are easy to consume and cook shall lead to the growth of the market. Dual income households and hectic lifestyle has changed the consumption pattern of the consumers in these developing nations which shall drive the market growth for cold storage market.

The Asia Pacific region is expected to have a dominant position in the global cold chain logistics market. This region shall have the largest market share due to rapid industrialization and urbanization. As there is an increase in the investment to the government for developing the infrastructure for cold chain logistics this region will dominate the market in the coming years.

To Know More about this report, download a Free Sample Report

Global Cold Chain Market By Type

The Global Cold Chain market is segmented by Component into Cold Chain Storage and Cold Chain Transport. The cold chain involves the logistical preparation necessary to preserve the integrity of these shipments while transporting temperature-sensitive goods along a supply chain using thermal and refrigerated packing techniques. To store, manage, and transport sensitive materials, a series of meticulously timed events must take place in temperature-controlled settings.

Global Cold Chain Market By Application

The Global Cold Chain Market is segmented by control system into Fruits and Vegetables, Meat and Seafood, Dairy and Frozen Dessert, Bakery and Confectionery, Ready-to-Eat Meal and Other Applications.

Visit This link:- Request for Custom Report

The topic of healthy eating has captured the attention of consumers with growing purchasing power. As a result, manufacturers and merchants have responded by offering a variety of unique fresh fruits from all over the world.

Agricultural specialization has made it possible to transport food goods that are temperature-sensitive to distant markets. It makes it possible to deliver pharmaceutical and biological products, such as vaccinations, to any market in the world from a single, sizable facility.

For more insights on the market intelligence, refer to the link below:-

Global Cold Chain Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

The Future of $910 Billion Cold Chain Market- What are the latest Trends that are driving this Global Industry: Ken Research

 Buy Now

The global cold chain market is projected to reach over $900 Billion by 2031, growing at a CAGR of 12.8%, says a report by Ken Research

1. Rapid urbanization and a rise in the middle class leading to increase in demand of cold chain products.

To Know More about this report, download a Free Sample Report

As a macro trend, the demand for perishable goods is anticipated to rise globally. On the other hand, a combination of urbanization and an increase in the number of individuals entering the middle class globally is what is causing the demand. This group of people has been placing higher standards on food as well as other products that need precise temperature regulation. Demand for frozen meals and commodities that need particular handling and temperature tolerances has risen dramatically.

2. Growing consumer demand for perishable foods is a major growth factor in the Global Cold Chain Market

Increasing customer demand for perishable foods contributed to in the historical expansion of the cold chain business. The rising urban population and shifting dietary preferences of the general public are driving up the demand for perishable commodities such dairy, fruits, vegetables, and meat. Due to the nature of perishability, consumers are gravitating towards purchasing perishable foods that have an extended shelf life. Perishable food items are in high demand in emerging economies in the Asia-Pacific and Latin America.

3. Use of IOT and technology-based operations will lead to growth in the cold chain sector.

Visit This link Request for Custom Report

Focusing on sustainability initiatives, quality and product sensitivity, leveraging the internet of things (IoT), focusing on smart warehousing, outsourcing processes to third-party logistics, and focusing on strategic investments are some of the illustrations of market-trend-based strategies for the cold chain market.

For more insights on the market intelligence, refer to the link below:-

Global Cold Chain Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

COVID 19 Impact on Global Cold Chain Market: Ken Research

 Buy Now

The Global Cold Chain Market has grown at a significant growth rate in the past few decades. The report insights into the market shares, revenues, and trends. It discusses the data assessments and specifics of the market size and the industry. The report signifies the trending branding assessments of the top grooming companies of the world. The report gives a bright light to the regional and volumetric analysis of different countries such as China, Russia, Spain, France, Italy, South Korea, Australia, North America, and South America. It imparts the current and future potential opportunities of the industry. The report delivers the serious scenes faced by the industry during the COVID 19 pandemic. Henceforth, the report examines the potential impact of the Cold Chain Industry on the sector.

According to the research report, Cold Chain Market: Segmented by Type (Storage, Transportation and Monitoring Components); By Application (Fruits & Vegetables, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat, and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionery, and Others); and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030, says that cold chain refers to any temperature-sensitive product. Cold chain logistics is used in ensuring extended shelf-life preservation of products such as fruits and vegetables, meat and seafood, beverages, dairy products, and frozen foods, as well as chemicals and pharmaceutical drugs. The growing penetration of connected devices and automation of refrigerated warehouses across the globe. The rising demand for high-cube refrigerated trailers, connected refrigerated trucks, insulated containers, and vehicles favouring cross-product transportation is expected to drive the transportation segment over the forecast period.

Global Cold Chain Market

In 2020, the Global Cold Chain Industry was valued at USD billion and is projected to reach a significant USD billion in the worldwide markets by the end of 2026. It is expected to grow by a double-digit CAGR during the forecast period. Congebec Inc., Conestoga Cold Storage, NewCold, Hanson Logistics, Confederation Freezers, Seafrigo, Trenton Cold Storage, and Merchants Terminal Corporation are some of the prominent companies that are constantly contributing to the sector.

Click here for sample repot: - https://www.kenresearch.com/sample-report.php?Frmdetails=NDcyODQz

North America accounted for the highest market share and is dominating the market and are expected to continue its dominance during the forecast period. Additionally, countries such as Europe (Germany, UK, France, Russia, and Spain); Asia-Pacific (China, Japan, South Korea, and India); the Middle East and Africa (UAE, South Africa, and Saudi Arabia); South America (Columbia, Brazil, and Argentina) and Australia are increasing the spending from the region will further support the consumption of the Global Cold Chain Industry.

The COVID 19 crisis has created a slightly negative impact on the Global Cold Chain Industry globally. Likewise, other industries, such as the Cold Chain Industry have also gained losses during the pandemic. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations, travel bans and quarantines, restaurants closed all indoor or outdoor events restricted. This leads to making uncertainty in the market with the immense reduction of customers, supply chains and hence causing unemployment.

 Nowadays, the market was mainly driven by factors such as development in the storage industry and even in the food packaging sector. Thus, the demand is increasing Cold Chain rapidly. However, numerous key players are actively participating to increase their market share. Besides providing regional information on the Global Cold Chain Market, the report recalibrates the impact of macroeconomic and microeconomic factors that has the potential to impact the vital position of the Cold Chain Industry.

 For More Information on the Research Report, refer to below links: -

Global Cold Chain Market Analysis

Related Report: -

Malaysia Cold Chain Market Outlook To 2026 - Driven by Increase in Demand for Perishable Food Items and its Establishment as the Halal Industry Hub, Malaysia Cold Chain Market Experiencing Growth

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Follow Us

LinkedIn | Instagram | Facebook | Twitter | YouTube

Global Cold Chain Market Is Predicted to Propel Owing to Speedy Shift of Industrialization: Ken Research

Cold Chain is a mixture of temperature-controlled surface transport and supply chain. It relates to the freezing solutions which support to manage the quality and shelf life of products, for example, seafood, agricultural harvest, frozen food, chemicals, photographic film, and pharmaceutical drugs. Nowadays, Cold chains are compulsory for encompassing the period of marketing, decreasing transport bottlenecks throughout peak periods, and safeguarding the overcapacity. The procedure entails the exploitation of temperature-monitored warehouses for the storage and cold insulated transport vehicles for the circulation of products. Cold chain logistics solutions are lengthily engaged for the transportation and storage of vegetables, fruits, beef, meat, drugs, and medicines. In addition, several transportation modes such as refrigerated railcars, refrigerated trucks, air cargo, refrigerated cargo are also utilized.

According to the report analysis, ‘Cold Chain Market: Current Analysis and Forecast (2021-2027)’ states that the demand for Cold Chain is growing on account of the increasing penetration of connected devices and automation of refrigerated warehouses all over the globe. The growing number of retail stores in underdeveloped economies is leading to high requirement for cold chain solutions. In addition, trade liberalization, government efforts for the deduction of food wastage, and growth of retail chains by multinational companies are predicted to advance industry growth over the projected duration.

In underdeveloped countries, the consumers shift from carbohydrate-rich diets to protein-rich foods, which is propelling the growth of the refrigerated storage market. Countries, for example, China, are predicted to represent a proficient growth rate in the forthcoming years due to a consumer-led transition in the economy. In addition, the growing technological improvements in warehouse management and refrigerated transportation is burgeoning the market growth in underdeveloped countries. Moreover, the growing demand for consumable products and speedy delivery requirements connected with the e-commerce-based food and beverages delivery market has produced a proficient boost in cold chain functions. However, some of the limitation in the market are Environmental constraints concerning greenhouse gas emissions and high operational expenditure.

 Some of the foremost players functioning in the market include Americold Logistics, Lineage Logistics Holdings, Nichirei Corporation, Burris Logistics, Agro Merchants Group, Kloosterboer, United States Cold Storage, Tippmann Group, VersaCold Logistics Services, and Henningsen Cold Storage Co. Several M&As along with partnerships have been undertaken by such players to boost their existence in different regions.

Asia-Pacific will register the Cold Chain market on account of the growing economic improvements of countries such as China, India, Japan, and Australia. The modification of industrialization and investments in the Asia Pacific has full-grown substantially over the past decade, particularly in China and India, underwriting to speedy economic growth. Moreover, the high requirement for dairy and meat products in the Asia Pacific region is leading to the high requirement for the preservation of quality and nutritive elements in the products, which propels the market for cold chains in the region. Therefore, it is predicted that during the near future the market of cold chain will increase around the globe more actively over the near future.

For More Information, refer to below link:-

Global Cold Chain Market

Follow Us:-

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249