Cold Chain Monitoring Market to Cross US$ 2.96 billion by 2027 growing at a CAGR of 6.8%

Cold Chain Monitoring Market

The global Cold Chain Monitoring Market was valued at USD 1.81 billion in 2019, and it is expected to reach US$ 2.96 billion by 2027, growing at a CAGR of 6.8% between 2023 and 2027.

The Cold Chain Monitoring Market is growing slowly but steadily, driven by technological advancements as well as increasing government initiatives for safety and quality control of perishable food items. Cold chain monitoring is a process in which the temperature of goods during storage and transportation is monitored continuously to maintain the safety, quality, and integrity of those goods. Cold chain monitoring solutions enable companies to accurately monitor their products' temperatures from production to delivery.

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Increased demand for cold chain-related services due to rapid technological developments in surveillance systems as well as rising demand for frozen foods are some of the key factors driving market growth. Furthermore, growth in government initiatives for food safety regulations has increased the need for cold chain monitoring services.

Factors such as stringent regulatory policies related to food safety and refrigerated transportation are expected to act as a major restraint on the Cold Chain Monitoring Market's growth over the forecast period. An inadequate infrastructure regarding temperature-controlled warehouses & transportation has also been identified as one of the main challenges faced by industry players operating in this market segment.

However, companies are making significant investments in research & development activities aimed at introducing new technologies that will boost the efficiency of their respective operations within the Cold Chain Monitoring Market space. Additional advances such as better communication infrastructure between different links within supply chains have enabled various levels of product tracking during transport through Cold Chain Monitoring solutions. This helps prevent any loss or damage that may occur due to mishandling or other external factors while goods are being transported from one place to another along their journey towards their final destination point.

Moreover, growing consumer awareness about environmentally sustainable practices is also expected to drive investment into innovative technologies that will further help improve temperature management within Cold Chain Monitoring systems; thus creating new opportunities for industry players operating within this realm to expand their respective customer base across various regions worldwide over the next few years ahead.

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Global Cold Chain Monitoring Market: Segmentation

By component hardware             

• RFID Devices
• Data Loggers & Sensors
• Telemetry & Telematics

By type

• Transport
• Refrigerated Storage

By temperature type     

• Frozen
• Chilled

By technology  

• Air blown
• Eutectic

By application  

• Dairy
• Vegetables
• Meat, Fish & Sea Food
• Pharmaceutical Medicines
• Fruits
• Bakery & Confectionery

By logistics        

• Transportation
• Storage
• Applications

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Key Companies-

Examples of some of the market participants identified across the value chain include, 

• Preferred Freezer Services
• Americold Logistics
• Lineage Logistics Holding LLC
• Burris Logistics
• Nichirei Logistics Group Inc.

Other players include Cloverleaf Cold Storage, AGRO Merchants Group, LLC, Swire Cold Storage Ltd, Kloosterboer Group, and Interstate Cold Storage Inc.

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