The global cold chain market is anticipated to reach USD 381.68 billion
by 2025, according to a new report by Grand View Research, Inc. The expansion
of trade over the years has arisen the necessity of making improvements in the
packaging of crops as such, the materials used for packaging play a major role
in enhancing the storage life.
The development of cold chain is largely responsible for the reduction of
wastage of perishable commodities and is vital for the growth of the food
sector. Governments across globe provide key services, such as public
infrastructure and legislation, which help in facilitating the refrigerated
storage development. Furthermore, service providers train employees to enhance
technical expertise in the operation and maintenance of specialized facilities.
Emerging countries such as India, Brazil, China, and Mexico are currently
undergoing a rapid transition to a consumer-led economy. The retailers in these
regions have ample opportunities to expand and grow, owing to the prevailing
large number of middle-class income consumers. Advancements in the technology
have enabled service providers to penetrate the emerging markets with
innovative solutions to help solve issues relating to complex transportation.
Investment in warehouse automation has been increasing over the past years
to meet the customer requirements. High capital investment, running costs, and
scalability of different picking methods are the key factors that restrain the
market players to automate the warehouses. Furthermore, the growing application
of telematics in logistics and transportation is likely to spur the
refrigerated transportation market demand.
The retailers and franchise customer have vertical integration with the cold
chain service providers to ensure the safety and quality of the product. The
lack of cold chain facilities in less-developed economies made retailers to
invest heavily in developing own cold chain logistics systems.
The increasing penetration of connected devices and growing usage of RFID,
barcode scanners in the refrigerated warehouse is anticipated to drive the
monitoring components segment demand over the projected period. The service
providers are focusing on adopting new technologies such as cloud technology to
enhance the overall logistics performance.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/cold-chain-market
Further key findings from the report suggest:
- The storage type segment dominates the market in terms of revenue
- The containerization of perishable products is expected to increase the demand for refrigerated containers over the forecast period
- The rapid detection methods, such as nucleic acid-based, immunological-based, and biosensor-based foodborne detection methods, are gaining traction in the market
- The processed food application is expected to register a high CAGR of 12.1% over the projected period
- The Asia Pacific region is expected to portray a high growth rate over the forecast period
- The rising popularity of quick-service restaurants, technological advancements in food packaging, and modern retail trade are driving the processed food application
- The key market players include Lineage Logistics (U.S.), Nordic Logistics (U.S.), Swire Group (UK ), and Wabash National Corporation (U.S.)
Read our blog on cold chain market: http://www.grandviewresearch.com/blog/cold-chain-market-size-share
Grand View Research has segmented the cold chain market based on type,
application, and region:
Cold Chain Type Outlook (Revenue, USD Billion; 2014 - 2025)
·
Storage
o
Warehouse
o
Refrigerated container
·
Transportation
o
Road
o
Sea
o
Rail
o
Air
·
Monitoring Components
Cold Chain Application Outlook (Revenue, USD Billion; 2014 - 2025)
·
Fruits & vegetables
·
Dairy
·
Fish, meat & seafood
·
Processed food
·
Pharmaceuticals
Cold Chain Regional Outlook (Revenue, USD Billion; 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
South America
o
Brazil
·
The Middle East and Africa (MEA)
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For More Information Visit - http://www.grandviewresearch.com/
No comments:
Post a Comment