The global cold chain market is expected to grow from USD 3.68 billion 2017 to USD 7.94 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 11.63%.
"Increase in the preservation of convenience food products due to modernization
is one of the factors largely attributing to the growth of cold chain market globally"
The factors attributing to the growth of the market are increase in the preservation of convenience food products due to modernization, increasing consumer demand for perishable foods and frozen items, and trade liberalization fuelling international supply. However, some factors such as high energy & infrastructure costs, and lack of documentation and delays may hinder the market growth. The global cold chain market is expected to showcase the opportunities such as growing demand for organized retail, increasing demand from the medical & pharmaceutical sector, and government efforts to reduce post-harvest & processed food wastage. In the near future, the market may face the possible challenges in the growth due to limited infrastructural support and skilled resources in emerging markets, and inadequate packaging and issues with product quality. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global cold chain market market.
On the basis of component, the global cold chain market is studied across Hardware and Software.
On the basis of logistics, the global cold chain market is studied across Storage and Transportation.
On the basis of technology, the global cold chain market is studied across Blast Freezing, Evaporating Cooling, and Vapor Compression.
On the basis of temperature type, the global cold chain market is studied across Chilled and Frozen.
On the basis of type, the global cold chain market is studied across Refrigerated Storage and Refrigerated Transport.
On the basis of application, the global cold chain market is studied across Food & Beverages and Pharmaceuticals and Healthcare.
On the basis of geography, the global cold chain market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).
"Astrona Biotechnologies: The potential growing player for the global cold chain market"
The key players profiled in the global cold chain market are Astrona Biotechnologies, Berlinger & Co., Controlant, Daikin Industries, Elpro-Buchs, Freshsurety, Infratab, Interstate Warehousing, Klinge Corporation, Lineage Logistics Holdings, Monnit, Nimble Wireless, Orbcomm, Safetraces, Savi Technology, Securerf Corporation, Sensitech, Tagbox Solutions, Temperature Monitor Solutions Africa, Verigo, and Zest Labs.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global cold chain market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global cold chain market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global cold chain market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global cold chain market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global cold chain market.