Cold Chain Market is anticipated to exhibit a healthy CAGR during the forecast period, according to a report available on Million Insights. Cold chain refers to temperature-controlled supply chain technique that involves refrigerated production, storage, and distribution of various products. Specially designed equipment is used in logistics to ensure constant temperature and to maintain shelf life of stored products. Such products include frozen food, seafood, chemicals, and pharmaceutical drugs.
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Market Synopsis of Cold Chain Market:
Rising demand for processed or
frozen food owing to convenience is anticipated to propel cold chain industry
growth. Growing need for non-seasonal vegetables and fruits among consumers
require long term storage of seasonal products. Vegetables and fruits are
highly perishable in nature and offer short shelf life. Thereby, wholesale
distributors of fruits and vegetables have to adopt cold storage method to
perverse the stock from contamination. Advent of technologically advanced
storage and transportation solutions to maintain high quality of products is
driving the market. Stringent food safety regulations by governments across
various nations regarding focus on construction of warehouses will drive the
cold chain market over the forecast period.
To cater to rising demand for
advanced cold chain solutions, manufacturing companies are investing in R&D
to develop innovative methods. For instance, in May 2019, Nordic launched drain
safe gel packs for cold chain packaging. The pack is filled with new developed
refrigerant that is supposed to break down in waste stream. Consumers can open
the gel pack and throw the refrigerant into sink and flush it using running
water.
Type Insights:
Based on type, the cold chain
industry can be categorized into monitoring components, transportation, and
storage. Storage segment is anticipated to hold largest market share attributed
to growing need for packaged food. Changing consumer’s lifestyle and eating
habits is driving demand for frozen food. This factor will drive demand for
advanced storage solutions over the forecast period.
Transportation segment, on the
other hand, is also expected to witness significant growth in the coming years
owing to rising demand for connected refrigerated trucks and insulated
containers. In addition, increasing use of vehicles for cross-product
transportation will boost segment’s growth in the coming years.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Cold Chain: Market
Variables, Trends & Scope
Chapter 4 Cold Chain: Product
Estimates & Trend Analysis
Chapter 5 Cold Chain: Application
Estimates & Trend Analysis
Chapter 6 Cold Chain: End-use
Estimates & Trend Analysis
Chapter 7 Cold Chain: Industrial
End-use Estimates & Trend Analysis
Chapter 8 Cold Chain: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Cold Chain:
Manufacturers Company Profiles
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