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Cold Chain Market Size will witness a substantial growth by 2025

Author : Ronak Bora | Published Date : 2019-06-10 

Global Market Insights, Inc. provides a detailed overview of cold chain market size with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Cold Chain Market Size is likely to grow at a steady rate from 2016 to 2024 due to increasing demand for packaged food & beverage products. Most of these food & beverage items are transported to different areas after packaging and the need to protect these products from perishing while transportation and storage will drive the global cold chain market growth. Increasing import and export of food & beverage products will also propel the cold chain industry development during the forecast timeframe.

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Cold chain includes logistics planning to maintain the temperature at which perishable food products are stored through refrigeration or thermal packing. This leads to increase in product life and helps maintain the standard quality of product for a longer duration. It basically preserves the physical and bio-chemical properties of frozen and perishable food items. It also regulates the market price of off-season food and prevent product loss by minimizing wastes which eventually leads to higher profits for the manufacturers. Industries that use cold chain are sea food, bakery, fruits & vegetables, confectionary, frozen dessert, dairy, etc.

The cold chain market will be chiefly driven by favorable government initiatives, advancements in refrigerated storage technology, and increasing number of middle class income group consumers in developing nations. Government initiatives such as easy access to public infrastructure including railways, warehouses, etc. along with policies that encourage investments will help the cold chain market to grow during the forecast period.

Cold chain market is segmented, based on its type, into refrigerated storage and refrigerated transport. Refrigerated storage market segment consists of warehouse and refrigerated containers, whereas transportation segment consists of road, sea, rail, and air. Refrigerated storage segment held a significant share of the market and is likely to gain by a healthy rate during the forecast timeframe. The industry is also segmented on the basis of application into fruits & vegetables, dairy, fish, meat & seafood, processed food, pharmaceuticals, and other applications such as bakery, confectionery, etc. Fish, meat & seafood is a key application segment in the industry that is likely to witness high growth in coming years.

The global cold chain market is segmented, based on region, into Asia-Pacific, North America, Europe, Middle East & Africa and Latin America. Asia Pacific countries such as China and India have a huge potential for the development of the cold chain industry owing to growing processed and packaged food items demand from a rapidly expanding middle class income consumers.

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The key market players include Continental Air Cargo, DHL International, World Courier, FedEx Corporation, Kuehne and Nagel International, Preferred Freezer Services, Americold Logistics, John Swire And Sons, Lineage Logistics, Swift Transportation. Other prominent industry participants include Congebec, A.B. Oxford, VersaCold Logistics Services, Cloverleaf Cold Storage, Henningsen Cold Storage, Partner Logistics, Nordic Logistics and Warehousing, Conestoga Cold Storage, Hanson Logistics, and many more.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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