Cold Chain Market to grow up to US$ 345.9 billion by 2032 | Congebec, Lineage Logistics Holding, LLC, Nichirei Corporation, Tippmann Group

New York, The global Cold Chain Market was valued at US$ 279.6 billion in 2022 and it is anticipated to grow up to US$ 345.9 billion by 2032, at a CAGR of 2.2% during the forecast period.

A cold chain is a temperature-controlled supply chain. It is used to preserve and transport temperature-sensitive products, such as pharmaceuticals, chemicals, food, and beverages. A cold chain can be either refrigerated or frozen.

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Key Drivers and Trends
The key drivers of the cold chain market are the increasing demand for temperature-sensitive products, the need for efficient and effective cold chain solutions, and the growing awareness of the importance of food safety and quality.

The demand for temperature-sensitive products, such as pharmaceuticals, vaccines, and food, is increasing due to the growing global population and the changing lifestyles of consumers. The need for efficient and effective cold chain solutions is driven by the need to protect these products from temperature extremes and to maintain their quality and efficacy. The growing awareness of the importance of food safety and quality is also a key driver of the cold chain market.

The key trends in cold chain technology are Increasing use of automation and IoT, Improved packaging and insulation, use of alternative energy sources and greater focus on sustainability.

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Market Segments

The Cold Chain Market is segmented by type, application, and region. By type, the market is divided into refrigerated warehousing, refrigerated transportation, and cold storage. Based on application, it is segmented into pharmaceuticals, food, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

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Key Players

The Cold Chain Market includes players such as Americold Logistics, LLC, Burris Logistics, Cold Box, Conestoga Cold Storage, Congebec, Lineage Logistics Holding, LLC, Nichirei Corporation, Tippmann Group, United States Cold Storage, and VersaCold Logistics Services.

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