Cold Chain Market Will Reach at a Highest CAGR of 8.1% by 2025

Cold chain Market accounted for USD 178.3 billion in 2017 and is projected to grow at a CAGR of 8.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Major Market Competitors: Global Cold Chain Market

Some of the major players in the global cold chain market are Americold, Preferred Freezer Services, Burris Logistics, Lineage Logistics Holdings, LLC, NICHIREI CORPORATION, Swire Cold Storage Ltd, AGRO Merchants Group, Cloverleaf Cold Storage, Kloosterboer, Interstate Cold Storage, Inc, AGRO Merchants Group, Hanson Logistics, HENNINGSEN COLD STORAGE CO., Interstate Cold Storage, Inc., Trenton Cold Storage, Burris Logistics, A.B. Oxford Cold Storage Pty. Ltd., VersaCold Logistics Services, among others.

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This market report defines the market trends and forecast the upcoming opportunities and threats of the cold chain market in the next 8 years. Cold chain is the combined system for the storage and transportation of vaccines at optimum temperature from the point of manufacture to the point of use. It plays a vital role in temperature management for the perishable products and maintains the quality and safety of the perishable products through distribution chain to the final consumer. Cold chain is widely applicable in fruits & vegetables, bakery & confectionery, dairy & frozen desserts, fish, meat, and seafood and others.

Competitive Landscape: Global Cold Chain Market

The global cold chain market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Market Segmentation: Global Cold Chain Market

• The global cold chain market is segmented based on temperature control, type, temperature type, application, and geographical segments.
• On the basis of temperature control, the global cold chain market is segmented into conventional refrigeration and packaging material. The conventional refrigeration segment is sub segmented into mechanical refrigeration. The packaging material is sub segmented into dry ice, wet ice, gel packs, eutectic plates, liquid nitrogen, insulated blankets, and expanded polystyrene.
• On the basis of type, the global cold chain market is segmented into refrigerated storage and refrigerated transport. The refrigerated storage segment is sub segmented into warehouse and refrigerated container. The refrigerated transportation segment is sub segmented into road, sea, rail, and air.
• On the basis of temperature type, the global cold chain market is segmented into chilled and frozen.
• On the basis of application, the global cold chain market is segmented into food and beverages and pharmaceuticals. The food & beverages segment is sub segmented into fruits & vegetables, bakery & confectionery, dairy & frozen desserts, fish, meat, and seafood, and others.
• On the basis of geography, the global cold chain market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Major Market Drivers and Restraints:

• Increased consumer demand towards perishable foods
• Growing scope for food retail chains by multinationals
• Developing usage of RFID, barcode scanners in the refrigerated warehouse
• Rising awareness towards environmental concerns
• High costing involved

Reasons to Purchase this Report

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• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

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