Global Cold Chain Market is anticipated to reach USD 381.68
billion by 2025, according to a new report by Grand View Research, Inc. The
expansion of trade over the years has arisen the necessity of making
improvements in the packaging of crops as such, the materials used for
packaging play a major role in enhancing the storage life.
The development
of cold chain is largely responsible for the reduction of wastage of perishable
commodities and is vital for the growth of the food sector. Governments across
globe provide key services, such as public infrastructure and legislation,
which help in facilitating the refrigerated storage development. Furthermore,
service providers train employees to enhance technical expertise in the
operation and maintenance of specialized facilities.
Emerging
countries such as India, Brazil, China, and Mexico are currently undergoing a
rapid transition to a consumer-led economy. The retailers in these regions have
ample opportunities to expand and grow, owing to the prevailing large number of
middle-class income consumers. Advancements in the technology have enabled
service providers to penetrate the emerging markets with innovative solutions
to help solve issues relating to complex transportation.
Investment in
warehouse automation has been increasing over the past years to meet the
customer requirements. High capital investment, running costs, and scalability
of different picking methods are the key factors that restrain the market
players to automate the warehouses. Furthermore, the growing application of
telematics in logistics and transportation is likely to spur the refrigerated
transportation market demand.
The retailers
and franchise customer have vertical integration with the cold chain service
providers to ensure the safety and quality of the product. The lack of cold
chain facilities in less-developed economies made retailers to invest heavily
in developing own cold chain logistics systems.
The increasing
penetration of connected devices and growing usage of RFID, barcode scanners in
the refrigerated warehouse is anticipated to drive the monitoring components
segment demand over the projected period. The service providers are focusing on
adopting new technologies such as cloud technology to enhance the overall
logistics performance.
Full
Research Report on Global Cold Chain Market Analysis:
Further
key findings from the report suggest:
- The storage type segment dominates
the market in terms of revenue
- The containerization of perishable
products is expected to increase the demand for refrigerated containers
over the forecast period
- The rapid detection methods, such
as nucleic acid-based, immunological-based, and biosensor-based foodborne
detection methods, are gaining traction in the market
- The processed food application is
expected to register a high CAGR of 12.1% over the projected period
- The Asia Pacific region is expected
to portray a high growth rate over the forecast period
- The rising popularity of
quick-service restaurants, technological advancements in food packaging,
and modern retail trade are driving the processed food application
- The key market players include
Lineage Logistics (U.S.), Nordic Logistics (U.S.), Swire Group
(UK ), and Wabash National Corporation (U.S.)
View more reports of this category by
Grand View Research at: http://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the Global
Cold Chain Market based on type, application, and region:
Cold Chain
Type Outlook (Revenue, USD Billion; 2014 - 2025)
- Storage
- Warehouse
- Refrigerated container
- Transportation
- Road
- Sea
- Rail
- Air
- Monitoring Components
Cold Chain
Application Outlook (Revenue, USD Billion; 2014 - 2025)
- Fruits & vegetables
- Dairy
- Fish, meat & seafood
- Processed food
- Pharmaceuticals
Cold Chain
Regional Outlook (Revenue, USD Billion; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- The Middle East and Africa (MEA)
View Blog On
this research report by Grand View Research:
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com
