Cold Chain - Global Market Outlook (2018-2027)
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Cold Chain - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Cold Chain Market is accounted for $152.72 billion in 2018 and is expected to reach $608.40 billion by 2027 growing at a CAGR of 16.6% during the forecast period. The increasing number of organized retail stores in emerging economies, trade liberalization, government efforts to reduce food waste, and expansion of retail chains by multinational companies are some of the factors fuelling the market growth. However, high capital investments, difficulty in achieving economies of scale along with high running costs are restricting the market growth.
Browse the full report Cold Chain - Global Market Outlook (2018-2027) at https://www.strategymrc.com/report/cold-chain-market
Market Insights:
The cold chain includes logistics planning to maintain the temperature at which perishable food products are stored through refrigeration or thermal packing. This leads to an increase in product life and helps maintain the standard quality of the product for a longer duration. It basically preserves the physical and biochemical properties of frozen and perishable food items. It also regulates the market price of off-season food and prevents product loss by minimizing wastes which eventually leads to higher profits for the manufacturers. Industries that use cold chain are seafood, bakery, fruits & vegetables, confectionery, frozen dessert, dairy, etc.
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Based on application, the bakery & confectionery segment is estimated to have a lucrative growth due to the condition that the market is highly impacted by innovations, as manufacturers are always introducing new processing techniques to produce complex bakery products of different shapes and sizes. By Geography, North America is likely to have a huge demand due to the increasing demand of daily products, vegetables and fruits heading towards more export from one region to another.
Some of the key players profiled in the Cold Chain market include Agro Merchant Group, Americold Logistics LLC, Burris Logistics, Inc., Cloverleaf Cold Storage, Cold Box Express, Inc, Cold Chain Technologies, Inc, Creopack, Cryopak Industries Inc., Henningsen Cold Storage Company, Intelius, Lineage Logistics, LLC, Nilkamal Limited, Nordic Logistics, Preferred Freezer, Sofrigam, Softbox Systems Ltd., Sonoco ThermoSafe, Swire Group, Valor Industries and Wabash National.
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Technologies Covered:
• Air Blown Evaporators
• Blast Freezing
• Cryogenic Systems
• Eutectic Devices
• Evaporating Cooling
• Programmable Logic Controller (PLC)
• Vapour Compression Systems
• Other Technologies
Temperatures Covered:
• Chilled
• Frozen
Types Covered:
• Monitoring Components
• Refrigerated Storage
• Refrigerated Transportation
Packagings Covered:
• Material
• Product
Applications Covered:
• Chemicals
• Food & Beverages
• Healthcare
• Pharmaceuticals
• Other Applications
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