Global Cold Chain Market report presents a detailed Valuation of the business to estimate the market size, share, value, volume, revenue, key drivers, restrictions, significant insights into the planned development of the worldwide Cold Chain market.
Global Cold Chain Market report conclusively offers the necessary information, as well as advanced analysis, to assist in developing the best business strategy and determining the best path for maximum growth for the market’s participants. The research report of Cold Chain Marketprovides a top-to-bottom analysis of crucial aspects like growth drivers, major challenges, and opportunities that will impact the industry trends over the forecast timeline. It thoroughly explores the geographical landscape of the market, emphasizing pivotal factors like sales accrued, revenue garnered, growth rate, and prospects of the regional markets. Apart from this, the industry is also studied from the perspective of product terrain and application spectrum. In-depth information on revenue and sales volume predictions of each product type are presented.The report focuses on the Cold Chain Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends.
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Cold Chain Market is segmented on the basis of product, and type. All of these segments have been studied individually. The detailed investigation allows assessment of the factors influencing the Cold Chain Market. Analysts have analyzed the nature of development, investments in research and development, changing consumption patterns, and a growing number of applications. In addition, analysts have also evaluated the changing economics around the Cold Chain Market that are likely to affect its course.
The regional analysis section of the Cold Chain Market share report allows players to concentrate on high-growth regions and countries that could help them to expand their presence in the Cold Chain market. Apart from extending their footprint in the Cold Chain market, the regional analysis helps players to increase their sales while having a better understanding of customer behavior in specific regions and countries. The report provides CAGR, revenue, production, consumption, and other important statistics and figures related to the global as well as regional markets. It shows how different types, applications, and regional segments are progressing in the Cold Chain market in terms of growth.
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The cold chain market was valued at USD 182.57 billion in 2017, and is expected to reach USD 277.69 billion by 2023, recording a CAGR of 7.24%, during the forecast period of 2018-2023. The market has been segmented by type (storage and transportation), application, and region.
The increasing trade of perishable products and rising government support for the development of infrastructure for cold chain facilities are anticipated to drive market’s growth, over the forecast period. The cold chain service providers are also adopting cutting-edge technologies, to cater to the increasing demand for food safety, in processed foods. This is expected to offer ample opportunities, thereby boosting the proliferation of numerous multinational vendors into the market, in order to provide better cold chain solutions.
Stringent food safety regulations, such as the Food Safety Modernization Act, which requires increased attention toward construction of a cold storage warehouse, are further expected to benefit the market. However, issues related to environmental concerns regarding the emission of greenhouse gas are estimated to challenge the growth of the market studied.
Dairy and Frozen Dessert Expected to Fuel the Growth
Increasing urbanization has led to an increase in the demand for convenient food products. Moreover, the rising inclination of consumers towards ease of use and improved shelf life are leading to the adoption of healthy frozen meals, thus driving the growth of dairy and frozen desserts. According to the US Census Bureau, the value of the United States’ product shipments of frozen specialty foods has increased by 16%, between 2010 and 2016. As food quality is of paramount importance, the dairy and frozen dessert industry is investing heavily in technologies that can support and create product differentiation.
Moreover, the World Trade Organization (WTO) and bilateral free trade agreements, such as European Union Free Trade Agreement (FTA) and the North America Free Trade Agreement (NAFTA), have created opportunities for exporters in the United States and Europe, to increase trade of perishable foods that are free of import duties. This factor is expected to further drive the demand for better cold chain infrastructure facilities for dairy and frozen desserts, to provide ideal transportation and storage conditions.
Asia-Pacific Expected to Account for a Substantial Market Share
The established Asia-Pacific electronics industry and adoption of innovative technologies have provided the organizations in the region a competitive edge, in the market. Moreover, the region enjoys the presence of several major cold chain vendors, such as Swire Cold Chain Logistics (Shanghai) Co. Ltd (China) and Orient Overseas (International) Limited (Hong Kong), among others.
The rising trend of purchasing perishable food products online has evolved the need for innovative solutions to provide last-mile delivery, automated warehouses to manage inventories, and advanced temperature monitoring devices to maintain the safety of fresh food products. According to the National Statistics Bureau, in 2015, online purchases accounted for about 10.8% of China’s retail sales. In online sales, vegetables and fruits accounted for a share of 55.2%, followed by meat and egg (at 17.4%). This growth has also encouraged around 4,000 companies to build their applications on smartphones, which specialization of fresh food sales, in 2016. Emerging economies (such as China, India, and Thailand) are investing in warehouse automation technologies (i.e., cloud technology, robots, conveyor belts, truck loading automation, etc.,) to maintain the quality of temperature-sensitive products. According to the Global Cold Chain Alliance (GCAA), China has recorded a 41% growth in its refrigerated warehouse capacity, between 2014 and 2016, to reach about 107 million m3.
In addition, the governments across the region are working with industry associations, to introduce a series of policies and standards, to regulate and promote the development of cold chain facilities. In 2016, the Chinese government emphasized the development of cross-region cold chain logistics industry, through pilot projects. Major companies, such as ITC Ltd, are also pursuing long-term strategies, to build cost-effective cold chains that contribute to the reduction of wastage in the food industry, further reinforcing the demand for cold chain facilities, in Asia-Pacific.
Key Developments in the Market
Jun 2018: Lineage Logistics acquired Service Cold Storage (SCS), a Wisconsin-based cold storage provider. SCS holds a portfolio of four leased cold storage warehouses in strategic markets, across the Southeast. The acquisition of SCS establishes a flagship operation in Wisconsin for lineage and adds to the organization’s robust facility network in the Midwest.
Dec 2017: Americold inaugurated the new addition of its Clearfield plant, by adding more than 9.5 million ft3 of temperature-controlled warehouse space, thus bringing the total capacity of the campus to nearly 21 million ft3. The Clearfield campus is Americold’s gateway for distribution to the US West Coast, providing an advantage to national and multinational food and beverage industries and startups.
Major Players: CWT PTE LIMITED, AMERICOLD LOGISTICS LLC, NICHIREI CORPORATION, LINEAGE LOGISTICS HOLDINGS LLC, ORIENT OVERSEAS (INTERNATIONAL) LIMITED, VERSACOLD INTERNATIONAL CORPORATION, AGRO MERCHANTS GROUP LLC, BURRIS LOGISTICS INC., JWD GROUP INC., SWIRE COLD CHAIN LOGISTICS (SHANGHAI) CO. LTD, and XPO LOGISTICS INC., among others.
Reasons to Purchase this Report
Understanding the impact of increasing demand for cold chain storage, on the market studied
An analysis of various perspectives of the market studied, with the help of Porter’s five forces analysis
The segments that are expected to dominate the market studied
Regional analysis of the market studied, during the forecast period
The latest developments, market shares, and strategies employed by the major market players and key innovators
3 months analyst support along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Market Analysis:
The Cold Chain Market report includes Global and Regional market status and outlook 2022-2027. Further, the report provides break down details about each region and countries covered in the report. Identifying its sales, sales volume and revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa
Global Cold Chain Market 2022-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Points to be Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Cold Chain Market for 2022-2027. To calculate the market size, the report considers new installations or sales and subscription payments of Cold Chain.
The scope of the Report: This report centers around Cold Chain in the worldwide market, particularly in Top countries. This report segments the market on the basis of manufacturers, types, and applications.
Cold Chain Market Trends
- Growing research activities coupled with new product launches.
Cold Chain Market Drivers
- High Opportunity in the Industry
Cold Chain Market Challenges
- Complications associated with Cold Chain procedures.
Points Covered in The Report:
- The points that are discussed within the report are the major Cold Chain market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
- The growth factors of the Cold Chain market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by manufacturer, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the Cold Chain Financing Services market. Finally, the report contains the conclusion
Key Questions the Report Answers:
- What are the major factors affecting the Cold Chain industry in 2022 and beyond?
- Will the Cold Chain sector change its approach to air freight and adopt that seen in the sector?
- How will key trends impact various Cold Chain logistics segments?
- How has Covid-19 impacted Cold Chain market logistics market size? And how has each region been impacted during the course of 2020?
- What impact will a shift to a Circular Economy have on global trade?
- What strategies and technologies are the top Cold Chain manufacturers adopting in response to the challenges faced within the industry?
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Some Major Points from Toc :-
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation and Analysis (Market Size, Growth and Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.1 Australia
6.1.2 Bolivia
6.1.3 Brazil
6.1.4 Democratic Republic of Congo
6.1.5 Indonesia
6.1.6 Malaysia
6.1.7 Myanmar
6.1.8 Peru
6.1.9 Russia
6.1.10 Thailand
6.1.11 Vietnam
6.1.12 Others
6.2 Consumption Analysis (Market Size, Growth and Forecast)
6.2.1 Asia-Pacific
6.2.1.1 India
6.2.1.2 China
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Austria
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Rest of South America
6.2.5 Middle East and Africa
6.2.5.1 UAE
6.2.5.2 South Africa
6.2.5.3 Rest of Middle East and Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products and Services, and Recent Developments)
10. Disclaimer
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To view the original version on The Express Wire visit Cold Chain Market Size 2022 Global Opportunities, Trends, Regional Overview, Global Growth, Leading Company Analysis, And Key Country Forecast to 2027
