Covina, United States: Global Cold Chain Logistics Market, By Application Type (Fruits & Vegetables, Bakery & Confectionary, Dairy & Frozen Desserts, Meat, Fish & Sea Food, Drugs & Pharmaceuticals, and Other Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030
Cold Chain Logistics Market Outlook
- Market Value 2020: US$ 234.8 Bn
- Market Value Estimation 2030: US$ 482.85 Bn
- CAGR: 7.50 %
A system that combines supply chain management and temperature-controlled surface transportation is referred to as a “cold chain.” It refers to the freezing techniques used to preserve the quality and shelf life of various items, such as fresh produce, seafood, frozen foods, photographic film, chemicals, and pharmaceuticals. In order to extend product shelf life, reduce overcapacity, ease traffic congestion during peak hours, and guarantee product quality, cold chains are essential. The process comprises keeping the products in temperature-controlled spaces and moving them in vehicles with cold insulation.
Top News relating to Industry, Innovation:
- In April 2020- Agro Merchants Group (US) expanded operations at its Nashville facility by increasing chilled storage space. This decision was made to satisfy the escalating demand. The new storage facility’s temperature will be maintained between 32 and 38 degrees Fahrenheit. It will place more emphasis on managing and storing frozen food.
- In March 2020- Agro Merchants Group (US) launched a new drayage service in Southern California. In addition to helping to integrate its supply chain, this will benefit its customers. Customer freight will be picked up from port terminals in Los Angeles and Long Beach and delivered to Agro’s Los Angeles distribution centre, which is temperature-controlled.
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Key Segmentation of the Cold Chain Logistics market:
Global Cold Chain Logistics Market accounted for US$ 234.8 billion in 2020 and is estimated to be US$ 482.85 billion by 2030 and is anticipated to register a CAGR of 7.50%. The global cold chain logistics market report segments the market on the basis of application type and region.
- Based on Application Type, Global Cold Chain Logistics Market is segmented into Fruits & Vegetables, Bakery & Confectionary, Dairy & Frozen Desserts, Meat, Fish & Sea Food, Drugs & Pharmaceuticals, and Other Industries.
- By Region, the Global Cold Chain Logistics Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Cold Chain Logistics Market Report mentions the following promising regions:
- North America – U.S., Canada
- Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America – Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
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Top-tier significant players:
The prominent player operating in the global Cold Chain Logistics market includes Americold Logistics LLC, SSI Schaefer LLC, Preferred Freezer Services LLC, Burris Logistics LLC, Kloosterboer Group B.V., Lineage Logistics Holding LLC, AGRO Merchants Group, LLC, NewCold Cooperatief U.A., DHL International GmbH and Gruppo Marconi Srl.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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