Meeting The Rising Demand For Food And Beverages With Enhanced Supply Chain Processes: Transformative Forces Shaping the Cold Chain Tracking And Monitoring Market Landscape in 2025

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What Will the Cold Chain Tracking And Monitoring Industry Market Size Be by 2025?
In recent times, the size of the cold chain tracking and monitoring market has seen swift expansion. It is projected to expand from $7.03 billion in 2024 to $7.96 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.2%. The expansion over the historic period can be credited to the globalization of supply chains, strict regulatory standards, increased demand for perishable goods, and concentrate on food safety.

What's the Long-Term Growth Forecast for the Cold Chain Tracking And Monitoring Market Size Through 2029?
The market size for cold chain tracking and monitoring is projected to witness swift expansion in the upcoming years. The estimation suggests it will reach $13.81 billion by 2029, with a compound annual growth rate (CAGR) of 14.8%. Factors like the surge in e-commerce in the food and pharma sectors, complicated supply chains, the booming pharmaceutical industry, emphasis on sustainability and environmental effects, and alterations in healthcare logistics due to the pandemic contribute to the growth during the forecast period. Key trends for this period include environmental sustainability, data protection issues, cooperative ventures and partnerships, and real-time insight and analytics.

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What Are the Key Growth Drivers Fueling the Cold Chain Tracking And Monitoring Market Expansion?
The surge in demand for food and beverages anticipates driving the expansion of the cold chain tracking and monitoring market. The term "food and beverages" refers to the broad collection of merchandise and economic sectors participating in the creation, processing, provision, and consumption of food and drinks. The food and beverage industry can utilize thorough cold chain tracking and production methods to ensure their products reach consumers in a secure, fresh, and superior quality condition. For example, according to data released by Common Thread Collective, a US-based e-commerce growth agent, in April 2022, global food and beverage sales rose from $435.3 billion in 2021 to $506 billion in 2022. Moreover, the global food and beverage sales are projected to hit $857 billion by 2025. As a result, the escalating demand for food and drinks is fueling the progress of the cold chain tracking and monitoring market.

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What Are the Key Trends Driving Cold Chain Tracking And Monitoring Market Growth?
Innovations in technology are emerging as a significant trend in the cold chain tracking and monitoring market. To maintain their market position, key players in the industry are embracing new technologies. For example, Tridentify, a MedTech company based in Sweden, introduced a real-time cold chain monitoring system in May 2023. This ground-breaking technology provides a comprehensive view of the stability and remaining shelf life of pharmaceutical items in real-time. With the introduction of this novel monitoring system, Tridentify has revolutionized the industry, enabling companies to keep a real-time check on their operations and shipment stability. This advanced solution offers accurate, real-time evaluations of shipments, facilitating data-driven decisions for businesses. The system is uniquely built using cutting-edge technology, complete with superior sensors and machine-learning algorithms for efficient monitoring.

How Is the Cold Chain Tracking And Monitoring Market Segmented?
The cold chain tracking and monitoringmarket covered in this report is segmented -

1) By System: Software, Hardware
2) By Solution: Storage, Transportation
3) By End User: Healthcare, Pharmaceuticals, Food And Beverages, Chemicals, Other End Users

Subsegments:
1) By Software: Cloud-Based Software, On-Premises Software, Mobile Applications, Data Analytics Tools
2) By Hardware: Temperature Loggers, RFID Tags, GPS Tracking Devices, Sensors (Temperature, Humidity, Pressure), Monitoring Devices (Data Loggers, Alarm Systems)

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Which Companies Are Leading the Charge in Cold Chain Tracking And Monitoring Market Innovation?
Major companies operating in the cold chain tracking and monitoring market include Carrier Global Corporation, Emerson Electric Co., AmeriCold Logistics LLC, Lineage Logistics LLC, Digi International Inc., ORBCOMM Inc., Cryoport Inc., Controlant AGM, Sensitech Inc., SpotSee Holdings LLC, ELPRO-BUCHS AG, Berlinger & Co AG, Hanwell Solutions Ltd., Tippmann Group, Cryopak Industries Inc., Savi Technology Inc., Rotronic AG, Maven Systems Pvt. Ltd., Klinge Corporation, Monnit Corporation, LogTag Recorders Ltd., Testo SE & Co. KGaA, Verigo, BT9 Ltd., Zest Labs Inc., Blulog, Gemini Data Loggers UK Ltd., Intelleflex Corporation, Infratab Inc.

Which Regions Are Leading the Global Cold Chain Tracking And Monitoring Market in Revenue?
North America was the largest region in the cold chain tracking and monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cold chain tracking and monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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