Cold Chain Market Size, Share, Dynamics, Key Regions and

PUNE, India, April 8, 2022 (GLOBE NEWSWIRE) — The global Cold chain market The size is expected to increase significantly due to the increasing adoption of technologically advanced refrigeration and storage techniques by retailers and warehouses. Thus, this factor can propel the market growth in the coming years. Fortune Business Insights™ provides this information in his report entitled “Cold Chain Market, 2022-2029.

Cold Chain is a thermal packaging and refrigeration system that protects thermally sensitive goods during travel. It is used extensively by the food and beverage industry to safely transport products across multiple locations while maintaining product quality. It is used to ship biopharmaceutical drugs across multiple regions worldwide. A cold chain system is also used to transport agricultural produce across a country or worldwide to preserve the freshness and vitamins of fruits and vegetables. The introduction of technologically advanced cold chain methods is likely to boost demand for the product.

The integration of various technologies such as artificial intelligence (AI), real-time data tracking, and cloud platforms are expected to facilitate the market growth. For example, companies like Godamwale use artificial technology (AI), machine learning (ML), natural language processing and deep learning technologies to simplify their manufacturing process. Therefore, this factor can boost the market growth in the coming years.

Request a PDF sample brochure:

https://www.fortunebusinessinsights.com/enquiry/sample/cold-chain-market-104317

Effects of COVID-19

Increasing demand for vaccines and medical equipment to fuel market growth

The cold chain system is in high demand during the COVID-19 pandemic due to the demand for vaccines and medical equipment. The sudden increase in cases has created a demand for vaccines, medical equipment, medicines and other medical supplies. These systems help track the number of goods transported and protect the goods from damage. Transport facilities have resumed after the initial lockdown to transport vaccines, face masks and other medical equipment. Therefore, this market is expected to grow steadily despite the pandemic.

List of the major players profiled in the Cold Chain Market report

  • Argo Merchants Group LLC
  • American Logistics LLC.
  • Burris Logistics Inc.
  • Swire group
  • At Rai Logistica KSC
  • Swire cold store
  • Cold Chain Technologies, Inc.
  • VersaCold Logistic Services
  • Nichirei Corporation
  • line logistics

segments

Based on technology, the market is segmented into vapor compression, programmable logic controller, shock freezing, and others. According to the type, it is divided into refrigerated storage and transportation. Depending on the application, it is classified into processed foods, baked goods and confectionery, dairy and frozen foods, meat and salad, and fruits and vegetables. Geographically, it is divided into Europe, North America, Asia Pacific, South America, and the Middle East and Africa.

Report Highlights

  • This report provides an analysis of the latest market trends and the top segments.
  • It conducts a comprehensive analysis of driving and restraining factors and the impact of COVID-19 on the global market.
  • The report examines the regional developments and the strategies developed by the major players in the market.

Browse the detailed research report summary with table of contents:

https://www.fortunebusinessinsights.com/cold-chain-market-104317

driver and restraint systems

Robust Demand for Biodegradable Food to Facilitate Market Growth

The demand for cold chain systems is increasing rapidly due to the increasing trade activities and strong demand for biodegradable food products such as vegetables, fruits, milk, poultry products, fish, red meat and others. Governments are investing heavily in improving cold chain facilities and strengthening their food safety policies. For example, the Ministry of Food Processing Industry has implemented cold chain systems to provide consumers with excellent products. This system has been in force since 2008. Corporations, companies, partnerships/partnerships fall under the system guidelines. In addition, the growth of international trade has created a demand for vegetables, fruits and other imported foods from other regions or countries. Therefore, this factor can propel the growth of the cold chain market.

However, the negative environmental impacts such as greenhouse gas emissions may hamper market growth.

Regional Insights

Increasing consumer preference for consuming fresh grocery products to fuel growth in North America

North America is expected to dominate the cold chain market share as consumers increasingly prefer fresh foods. According to research conducted in the region, the United States’ storage capacity reached 4.6% due to its reliance on cold chain systems for the distribution and storage of food and beverages.

In Asia-Pacific, the launch of the inventory management tool is expected to boost product demand. In developing countries like India and China, the proliferation of the agricultural sector is likely to foster opportunities for exporting and importing fresh produce. Thus, this factor can drive the market growth.

competitive landscape

Prominent companies acquire key players to improve their market positions

The leading companies operating in the market are acquiring certain key players to improve their market positions. For example, Lineage Logistics Holdings LLC successfully acquired Yearsley Group Limited in November 2018 to strengthen its US market position and enhance its global reach. In addition, the introduction of innovative products and security systems by companies such as artificial technology and machine learning technologies can attract the attention of consumers. Therefore, this factor can enhance the company’s brand image.

Before purchasing this research report, please inquire:

https://www.fortunebusinessinsights.com/enquiry/queries/cold-chain-market-104317

Key Industry Development:

  • June 2021: dr Reddy has partnered with Rockwell to stockpile his vaccines. Rockwell becomes Dr. Reddy supply over 500 freezers to preserve Sputnik V vaccine. This partnership can enhance the brand image of Dr. Improve Reddy as a seller of high quality vaccines.

Read related insights:

Iranian breakfast cereal market Size, Share and COVID-19 Impact Analysis, by Product Type (RTE Cereals and Hot Cereals), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail and Others), Forecast, 2022-2029

whey protein market Size, Proportion, and COVID-19 Impact Analysis, by Type (Isolates, Concentrates, Other), Application (Food and Beverage, Pet Feed and Other), and Regional Forecast, 2022-2029

About us:

Fortune Business Insights™ provides accurate data and innovative business analysis, helping organizations of all sizes make informed decisions. We customize novel solutions for our clients and support them to overcome various challenges specific to their business. Our goal is to equip them with holistic market intelligence and provide a detailed view of the market they operate in.

Contact us:

Fortune Business Insights Pvt. GmbH.

9th Floor, Icon Tower,

Baner – Mahalunge Street, Baner,

Pune-411045, Maharashtra, India.

Phone:

United States: +1.424.253.0390

UK: +44 2071 939123

APAC: +91 744 740 1245

E-mail: sales@fortunebusinessinsights.com

Connect us via social media channels:

LinkedIn Facebook Twitter blogs

Leave a Comment