Cold chain Logistics Market Top Key Players - AmeriCold Logistics, Lineage Logistics Holdings, United States Cold Storage, VersaCold Logistics Services, AGRO Merchants Group, Interstate Warehousing, Frialsa Frigotificos, Burris Logistics Inc.

The global cold chain logistics market is estimated at $XX Billion in 2021 growing at –% CAGR till 2026. During the year 2019 the highest market share was with North America; second highest share was with the Asia Pacific region and the least was with the Latin America region. But if we look at the population density, it is quite known that the Asia-Pacific region and the Middle East & Africa has the most population and according to it the market share is not quite justified.

Temperature-controlled transportation covers a broad spectrum of temperature ranges, including controlled room temperature (CRT, which refers to 15°C to 25°C/ 59°F to 77°F), refrigerated (2°C to 8°C/ 35.6°F to 46.4°F) or even cryogenic (below 0°C/ 32°F).

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COLD CHAIN LOGISTICS MARKET DYNAMICS

Cold chains are essential to sustain the quality and extend the shelf-life of perishable products, such as seafood, chemicals, frozen foods, and medicinal drugs. Gel pack which consists of phase changing substance that can go from liquid to solid and vice versa is a common method to provide low temperature. Eutectic plates also known as cold plates work on the same principle as gel packs.

The task is labour dependent as each container should be plugged & unplugged manually and monitor the temperature inside the reefers should be monitored regularly. Reefer stacking areas are usually dependent on the three approaches such as wheeled storage, stacked storage, and rack storage.

Top impacting factors:
• Increase in Refrigerated Warehouses
• Growth in Pharmaceutical and Food sectors
• Lack of Standardisation
• High Operational Costs

COLD CHAIN LOGISTICS MARKET SEGMENTATION

By Industry
• Pharmaceutical Industry
• Food Industry

By End-Use
• Fruits and Vegetables
• Bakery and Confectionery
• Dairy & Frozen desserts
• Fish & Sea Foods
• Drugs & Pharmaceuticals
• Others

By Geography
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

COVID-19 IMPACT ON COLD CHAIN LOGISTICS MARKET

The pandemic has created growth opportunities within the cold chain industry, resulting in propelling the demand for cold chain outsourcing, refrigerated transportation, warehousing and many other areas that quickly became amplified immediately following the pandemic lockdowns.

International movement of refrigerated products continues to be delayed as a result of the pandemic. With the advent of new foreign food inspection regulations, port congestion, reefer container shortages and port congestion being the nemesis of expedited food delivery, cold chain storage has been a hot growth area.

RECENT DEVELOPMENTS IN COLD CHAIN LOGISTICS MARKET

The market is at an all-time high right now due to the demand for food and pharmaceuticals. Because of this, innovations of ways to keep the quality and freshness of products are coming up very frequently. The goal is for the products to reach the consumer’s rising demands.

New Packaging
Companies specializing in temperature-controlled packaging use single-use or reusable packaging. There are new refrigerated shipping systems that have no more use of gel coolants.

Regulations
Stricter regulations on shipped products are another development in the cold chain industry. The number of cases about food safety and pharma counterfeits has been rising.

MAJOR PLAYERS IN COLD CHAIN LOGISTICS MARKET

AmeriCold Logistics
Lineage Logistics Holdings
United States Cold Storage
VersaCold Logistics Services
AGRO Merchants Group
Interstate Warehousing
Frialsa Frigotificos
Burris Logistics Inc.
NewCold Advanced Cold Logistics
Trenton Cold Storage
Conestoga Cold Storage
Tippmann Group
Congebec Logistics Inc.

Read More Information: https://mobilityforesights.com/product/cold-chain-logistics-market/

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This release was published on openPR.