January 30, 2023

The global cold chain market size is expected to grow significantly because of the rising adoption of technologically advanced refrigeration and storage techniques by retailers and storage depots.

Cold Chain is a thermal packaging and refrigeration system that protects thermally susceptible goods during travel. It is extensively used by the food & beverage sector to safely transport products across several places while preserving the product’s quality. It is used to transport biopharmaceutical drugs across several regions globally. A cold chain system is also used to transport agricultural produce across a country or globally to conserve the freshness and vitamins of fruits and vegetables. Adoption of technologically advanced cold chain methods is likely to propel the product’s demand.

The incorporation of several technologies such as artificial intelligence (AI) technology, real-time data tracking, and cloud platforms are likely to facilitate market growth. For example, companies such as Godamwale are utilizing artificial technology (AI), machine learning (ML), natural language processing, and deep learning technologies to simplify their manufacturing process. Hence this factor can foster market growth in the upcoming years.

Highlights of this Research:

  • This research report offers an analysis of the latest market trends and the top segments.
  • It conducts a comprehensive analysis of the driving and restraining factors and the impact of COVID-19 on the global market.
  • The research report examines the regional developments and the strategies devised by the market’s key players.

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List of Key Players Profiled in the Cold Chain Market Report

  • Argo Merchants Group LLC
  • Americold Logistics LLC.
  • Burris Logistics Inc.
  • Swire Group
  • Al Rai Logistica K.S.C.
  • Swire Cold Storage
  • Cold Chain Technologies, Inc.
  • VersaCold Logistics Services
  • Nichirei Corporation
  • Lineage Logistics

Drivers and Restraints

Robust Demand for Biodegradable Food Products to Facilitate Market Growth

The cold chain system’s demand is increasing rapidly because of the rising trade activities and strong demand for biodegradable food products such as vegetables, fruits, milk, poultry products, fish, red meats, and others. The governments are investing heavily in improving cold chain facilities and strengthening their food safety policies. For example, the Ministry of Food Processing Industries has incorporated cold chain schemes to provide excellent products to consumers. This scheme has been under effect since 2008. There are corporations, companies, partnership/proprietorship firms under the scheme guidelines. In addition, the growth of international trade has led to the demand for vegetables, fruits, and other imported food items from other regions or countries. Thus, this factor can drive the cold chain market growth.

However, the negative impacts on the environment, such as greenhouse gas emissions, can hamper market growth.

Regional Insights

Rising Consumer Preference to Consume Fresh Food Products to Fuel Growth in North America

North America is projected to dominate the cold chain market share due to the increasing consumer preference to consume fresh food products. As per research conducted in the region, the United State’s warehouse capacity reached 4.6% due to the reliance on cold chain systems for food & beverage distribution and storage.

In Asia Pacific, the warehouse management tool’s adoption is expected to boost the product demand. In developing countries such as India and China, the prevalence of the agricultural sector is likely to spur opportunities for the export and import of fresh products. Thus, this factor can propel market growth.

Segments

Based on technology, the market is divided into vapor compression, programmable logic controller, blast freezing, and others. By type, it is bifurcated into refrigerated storage and transport. On the basis of application, it is categorized into processed food, bakery & confectionery, dairy & frozen food, meat & salad, and fruit & vegetables. Geographically, it is clubbed into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

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Competitive Landscape

Prominent Companies to Acquire Crucial Players to Enhance their Market Position

The prominent companies operating in the market acquire certain key players to enhance their market position. For example, Lineage Logistics Holdings LLC successfully acquired Yearsley Group Limited in November 2018 to enhance its market position in the US and improve its global reach. Furthermore, companies’ launch of innovative products and security systems such as artificial technology and machine learning technologies can attract consumer attention. Hence this factor can enhance the company’s brand image.

The Global Cold Chain Market Research/Analysis Report Contains Answers to your following Questions:

  • Which Manufacturing Technology is used for Cold Chain ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Cold Chain Market? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Was Global Market Status of Cold Chain Market? What Was Capacity, Production Value, Cost and PROFIT of Cold Chain Market?
  • What Is Current Market Status of Cold Chain Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Cold Chain Market Trends by Taking Applications and Types in Consideration?
  • What Are Projections of Global Cold Chain Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • What Is Cold Chain Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Cold Chain Industry? What are Global Cold Chain Analysis Results? What Are Global Cold Chain Development Trends?
  • What Are Market Dynamics of Cold Chain Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Cold Chain Industry?

Industry Development

  • June 2021: Dr. Reddy tied up with Rockwell to store its vaccines. Rockwell will supply over 500 freezers to Dr. Reddy for preserving the sputnik V vaccine. This partnership can enhance Dr. Reddy’s brand image as a seller of high-quality vaccines.

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