Trending opportunities in cold chain industry

Global cold chain industry 2019 market research report focuses on price, sales, revenue and growth rate of each type, as well as the types and each type price of key manufacturers, through interviewing key manufacturers. Second on basis of segments by manufacturers, this report focuses on the sales, price of each type, average price of credit insurance, revenue and market share, for key manufacturers.

The global cold chain market accounted for USD 178.3 billion in 2017 and is projected to grow at a CAGR of 8.1 percent during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

This market report defines the market trends and forecast the upcoming opportunities and threats of the cold chain market in the next 8 years. Cold chain is the combined system for the storage and transportation of vaccines at optimum temperature from the point of manufacture to the point of use. It plays a vital role in temperature management for the perishable products and maintains the quality and safety of the perishable products through distribution chain to the final consumer. Cold chain is widely applicable in fruits and vegetables, bakery and confectionery, dairy and frozen desserts, fish, meat, and seafood and others.

Organisations such as UNICEF have helped the children by providing the vaccines at the right time and right place with the help of cold chain management, for instance according to UNICEF, in 2013 the value of UNICEF’s vaccine attainment was approximately USD 1.3 billion that was 2.8 billion vaccine doses for children in 100 countries. Furthermore, recent developments have taken place in the market, for instance, according to Global Cold Chain Alliance, it has been estimated that in 2013 Oxford cold storage (Australia) at the time when more freezers were produced, the pallet spaces was increased from 23,000 to 170, 000. Moreover, VersaCold Logistics Services (Canada) acquired Gary Heer Transport Ltd., a cross-border transportation company. This will help the company in expansion of their product offerings and will automatically help in the growth of the company.

Market segmentations:
The global cold chain market is segmented based on temperature control, temperature type, application, and geographical segments.

• On the basis of temperature control, the global cold chain market is segmented into conventional refrigeration and packaging material. The conventional refrigeration segment is sub segmented into mechanical refrigeration. The packaging material is sub segmented into dry ice, wet ice, gel packs, eutectic plates, liquid nitrogen, insulated blankets, and expanded polystyrene.
• On the basis of type, the global cold chain market is segmented into refrigerated storage and refrigerated transport. The refrigerated storage segment is sub segmented into warehouse and refrigerated container. The refrigerated transportation segment is sub segmented into road, sea, rail, and air.
• On the basis of temperature type, the global cold chain market is segmented into chilled and frozen.
• On the basis of application, the global cold chain market is segmented into food and beverages and pharmaceuticals. The food and beverages segment is sub segmented into fruits and vegetables, bakery and confectionery, dairy and frozen desserts, fish, meat, and seafood, and others.

Major market drivers and restraints:

• Increased consumer demand towards perishable foods
• Growing scope for food retail chains by multinationals
• Developing usage of RFID, barcode scanners in the refrigerated warehouse
• Rising awareness towards environmental concerns
• High costing involved