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Global Refrigerated Transport Market Growth, Size, Share, Industry Report and Forecast 2020-2026
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Besides, there are several guidelines set by the US FDA for the safe food handling and transport throughout the supply chain. Under the US FDA’s Food Safety Modernization Act (FSMA), it is mandatory for the refrigerated freight transporters to implement procedures for complying with provisions for temperature control in order to keep inform to both shippers and the end user.
Further, the chemical industry plays a crucial role in regional economies across the globe. The industry produces a huge range of finished products for general consumption, including fertilizers, pesticides, and other agrochemical products that play a crucial role in feeding a growing global population. According to the International Council of Chemical Associations (ICCA), the chemical industry contributed around $2.6 trillion in the total GDP of the Asia-Pacific region in 2017. Besides, growing chemical trades also requires desired temperatures for transport. Thus, with the growing chemical industry, there arises the need for proper handling as well as transport facilities for the trading of chemicals. This, in turn, is projected to fuel the refrigerated transport market growth during the forecast period.
Similarly, the pharmaceutical sector is also on the surge, attributing to the outbreak of lethal diseases and technological advancements which further drives the market growth. Along with the pharmaceutical sector, the life science industry is also witnessing a significant growth and are set to evolve rapidly. Technological enhancements and the advent of temperature-controlled drugs and medicines in the life science and pharmaceutical sector has fueled the refrigerated transport market growth. Also, the global trade of pharmaceuticals and life science products have been increased and is projected to increase. Hence, this has demanded a quick transportation as well as keeping the product safe.
The global refrigerated transport market is also driven by the availability of a large number of key players operating in the market. Players such as China International Marine Containers Co. Ltd., Daikin Industries Ltd., Klinge Corp., Hyundai Motor Co., Ingersoll-Rand Plc, Schmitz Cargobull AG, and United Technologies Corp.are constantly supporting the market growth by adopting various strategies.
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Global Refrigerated Transport Market– Segmentation
By Mode of Transportation
• Road
• Sea
• Rail
• Air
By Application
• Food and Beverages
• Chemical
• Pharmaceutical
• Others
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe
Asia-Pacific
• India
• China
• Japan
• Rest oF APAC
Rest of The World
• Middle East & Africa
• Latin America
Company Profiles
• AmeriCold Logistics LLC
• A.N. Deringer, Inc.
• Carrier Transicold Inc.
• CaseStack
• C.H. Robinson Worldwide, Inc.
• China International Marine Containers Co. Ltd.
• CMA CGM S.A.
• Daikin Industries Ltd.
• Evans Distribution Systems, Inc.
• Hyundai Motor Co.
• Ingersoll-Rand Plc
• Klinge Corp.
• Lamberet SAS
• Maersk
• Midwest Refrigerated Services, Inc.
• MSC Mediterranean Shipping Co. S.A.
• Schmitz Cargobull AG
• Singamas Container Holdings Ltd.
• Swift Transportation Co.
• The Bernard Krone Holding GmbH & Co. KG
• The Kraft Heinz Co.
• Utility Trailer Manufacturing Co.
• Wabash National Corp.
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