Global Cold chain Market Forecast to 2025 | Industry Analysis By Cloverleaf Cold Storage, Kloosterboer, Interstate Cold Storage, Inc, AGRO Merchants Group, Interstate Cold Storage, Inc., Trenton Cold Storage, VersaCold Logistics Services, among others.
Market Analysis: Global Cold Chain Market
The Global 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.
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Major Market Competitors:
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.
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.
Organizations such as UNICEF have helped the children by providing the vaccines at the right time and right place with the help of cold chain management, for instance According to UNICEF, in 2013 the value of UNICEF’s vaccine attainment was approximately USD 1.3 billion that was 2.8 billion vaccine doses for children in 100 countries. Furthermore, recent developments have taken place in the market, for instance,
according to Global Cold Chain Alliance, it has been estimated that in 2013 Oxford Cold storage (Australia) at the time when more freezers were produced, the pallet spaces was increased from 23,000 to 170, 000. Moreover, VersaCold Logistics Services (Canada) acquired Gary Heer Transport Ltd., a cross-border transportation company. This will help the company in expansion of their product offerings and will automatically help in the growth of the company.
Table of Contents:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Market Size-by Manufacturers
Chapter 4: Production-by Regions
Chapter 5: Consumption-by Regions
Chapter 6: Market Size-by Type
Chapter 7: Market Size-by Application
Chapter 8: Manufacturers Profiles
Chapter 9: Production Forecasts
Chapter 10: Consumption Forecast
Chapter 11: Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12: Opportunities & Challenges, Threat and Affecting Factors
Chapter 13: Key Findings
Chapter 14: Appendix
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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
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.
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.
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