Cold Chain Market Size Worth $398,723.4 Million By 2027 | CAGR 10.8%: The Insight Partners

In terms of revenue, the Cold Chain Market was valued at US$ 207,510.8 million in 2019 and is projected to reach US$ 398,723.4 million by 2027 and is expected to grow at a CAGR of 10.8% during the forecast period. The rising trade of perishable products and favorable government support for the development of cold chain infrastructure are the key factors expected to propel the growth of the cold chain market.

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Impact of COVID-19 Pandemic on Cold Chain Market
The COVID-19 outbreak, which began in Wuhan (China) during December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns, to combat and contain the outbreak, have impacted every industry and economy worldwide. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; due to which the Cold Chain and related components are disrupted. Additionally, the demand for frozen foods has been showcasing a slowdown since the outbreak of COVID-19 in the countries

Major Players in the market are:
• Cold Chain Technologies, Inc.
• CSafe Global
• DoKaSch TEMPERATURE SOLUTIONS GmbH
• Envirotainer AB
• Pelican BioThermal LLC
• SKYCELL AG
• Softbox Systems Ltd.
• Sonoco ThermoSafe
• va-Q-tec AG
• World Courier

Market Insights
Increasing Omni Channel Distribution of Groceries in Asia Pacific
Asia's developing common populace is creating compelling interest for excellent food supplies sourced from home and abroad. Imports of organic berry products, including strawberries and blackberries to the Asia Pacific, recorded a CAGR of 7.5% from 2017to 2019.The development of omni channel dispersion is encouraging developing utilization. The online shopping for food is still at an early stage, with under 5% of essential food item spending in most Asia Pacific markets happening on the web in 2019. This proportion is relied upon to increment of quick delivery, particularly in Korea and China. At present, major online primary food delivery websites, such as JD.com and Suning.com in China, and Big Basket in India presently offer sameday or under 24-hour conveyance in top-level urban communities.

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Market Segmentation
By Temperature
• Frozen
• Chilled
By Offering
• Storage
• Transportation
• Monitoring Components
• Others
By Industry Vertical
• Pharmaceutical
• Healthcare
• Food & Beverages
• Chemical
• Others

Researchers also carry out a comprehensive analysis of the recent regulatory changes and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.

Further, in the research report, the following points are included along with an in-depth study of each point:
* Production Analysis- Production is analyzed with respect to different regions, types, and applications. Here, the price analysis of various Market key players is also covered.
* Sales and Revenue Analysis- Both, sales and revenue are studied for the different regions of the global market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.
* Supply and Consumption- In continuation of sales, this section studies the supply and consumption of the Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part.
* Other analyses- Apart from the information, trade and distribution analysis for the Market, contact information of major manufacturers, suppliers and key consumers are also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

Table of Content:
Chapter1. Executive Summary
Chapter2. Research Methodology
Chapter3. Market Outlook
Chapter4. Global Cold Chain Market Overview, By Type
Chapter5. Global Cold Chain Market Overview, By Application
Chapter6. Global Cold Chain Market Overview, By Region
Chapter7. Company Profiles

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Contact Us:
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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