Cold Chain Market Insights 2020 Emerging Trends || Leading Players are Americold Logistics, Preferred Freezer Services, Burris Logistics, Lineage Logistics Holdings LLC, Nichirei Corporation, Swire Cold Storage Ltd, AGRO Merchants Group, Cloverleaf Cold S

Cold Chain Market is projected to reach USD 611.65 billion by 2028, at a CAGR of 13.3% during the forecast period. Cold chain refers to the logistics and supply chain used to transport and store goods, which require maintenance at low temperatures. A cold chain is a kind of supply chain, which is temperature-controlled and involves storage and logistics of temperature-sensitive perishable foods. It helps in preserving and increasing the shelf life of various food products, chemicals, and pharmaceuticals.

The rise in consumer demand for perishable food items, growth of international trade due to trade liberalization, and expansion of the organized food retail industry are some of the factors driving the growth of the market. Government support for infrastructural development in several developing regions also fuels the growth of this industry.

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Cold chain solutions have become an integral part of supply chain management for transportation and storage of temperature-sensitive products. Increasing trade of perishable products is anticipated to drive the demand for these solutions over the forecast period. Players operating in the market for cold chain are increasingly adopting alternative energy solutions such as wind and solar to minimize overall operating cost.

Based on type, the cold chain market has been categorized into storage, transportation, and monitoring components. Growth of the storage segment is attributed to increasing preference for packaged food across the globe. Changing dietary patterns and lifestyles of consumers is driving demand for frozen food. This is expected to boost demand for storage solutions in the forthcoming years.

Key Factors Impacting Market Growth:
Increasing demand for efficient storage systems
Rising utilization of high-quality of transient products
Technological developments in processing, packaging, and storage ways of perishable food

Key Developments:
In January 2018, The Global Lighting and Energy Access Partnership (Global Leap) unveiled the off-grid cold chain challenge (OGCCC), an initiative which aims to identify the world's best and most efficient and innovative cold chain technologies to further accelerate the development of the commercial market for these technologies.
In April 2018, Sharp, a part of UDG Healthcare PLC, announced an investment of USD 11 million in its cold storage and syringe assembly activities to increase its capacity in response to the growing market demand.
In May 2019, UK based logistics' company called Apetito have acquired new Volvo FH Tractors to use for their cold chain supply. The new additions can cover 200,000 km a year.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:

1. Americold Logistics
2. Preferred Freezer Services
3. Burris Logistics
4. Lineage Logistics Holdings LLC
5. Nichirei Corporation
6. Swire Cold Storage Ltd
7. AGRO Merchants Group
8. Cloverleaf Cold Storage
9. Kloosterboer
10. Al RaiLogistica K.S.C
11. Henningsen Cold Storage Co
12. Interstate Cold Storage Inc.
13. Versacold Logistics Services

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The European region is estimated to account for the largest share, in terms of value, in the global market, in 2018. There is a steady increase in demand, particularly for cold chain due to a continuous increase in domestic consumption of high-quality perishable commodities. Asia Pacific shows significant growth potential for the cold chain industry due to the increase in awareness about the prevention of food wastage before consumption, growth of the organized retail sector, rise in consumer demand for perishable foods, and government support & initiatives in this sector. The region is projected to surpass the size of the European market by 2028.

Market Segmentation:
By Type:
Refrigerated Storage
Warehouse
Refrigerated Container
Cold Chain Logistics
Roadways
Airways
Railways
Waterways

By Temperature Control:
Conventional Refrigeration
Packaging Material
Dry ice
Wet Ice
Liquid Nitrogen
Gel Packs
Eutectic Packs
Expanded Polystyrene
Insulated Blankets

By Temperature Type:
Chilled
Frozen
By Application:
Pharmaceuticals
Food & Beverage
Fruits & Vegetables
Dairy & Frozen Desserts
Bakery & Confectionery
Fish, Meat & Seafood
Others
Chemicals

By Region:
North America
By Country (US, Canada, Mexico, Rest Of North America)
By Type
By Temperature Control
By Temperature Type
By Application

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By Temperature Control
By Temperature Type
By Application
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Temperature Control
By Temperature Type
By Application

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By Temperature Control
By Temperature Type
By Application

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By Temperature Control
By Temperature Type
By Application

Rest of the World
By Region (South America, Africa, Rest of the World)
By Type
By Temperature Control
By Temperature Type
By Application

Reasons To Buy This Report:
Market size estimation of the cold chain market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.