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.
Browse full research report on Cold Chain Market: 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.)
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
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
- Warehouse
- Refrigerated
container
- Transportation
- Road
- Sea
- Rail
- 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- South
America
- 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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment