The North American cold chain market size is
anticipated to reach USD 118.51 billion by 2025, according to a new report by
Grand View Research, Inc. Advancements in packaging methods that are used for
crops have become essential, owing to the expansion of trade over the past
years. As per the Food and Agriculture Organization of the United Nations, over
20% to 40% of the total production of fruits and vegetables is accountable for
post-harvest losses. Materials used for packaging play a significant role in
enhancing shelf life.
Cold chain providers are
implementing IT solutions that adhere to the IT security guidelines laid by
international organizations, such as National Institute of Standards &
Technology, and other regulations framed by government organizations such as
the U.S. Food and Drug Administration, WHO, and EU regulations for food and
drug safety. Foreign direct investment in the cold chain market are anticipated
to help the service providers in importing advanced technologies, improving
management techniques, and accessing international markets.
The U.S. cold chain systems are
well-developed, owing to the growing investments, and offer high-quality of
products to the consumers. The U.S. Department of Agriculture (USDA) and Food
and Drug Administration (FDA) have set various requirements and standards to
ensure safety & integrity of food products for meeting the demands of
consumers, various businesses, and regulators.
Advancements in transportation
technologies have led to considerable changes in transport modes. For instance,
flowers are now transported to the U.S. via ocean, rather than relying on
expensive air transportation. Increasing government investments in intelligent
transportation systems and implementation of regulations in telematics (to
enable smart traffic management) are anticipated to spur the telematics
application in fleet management.
Browse full research report on North America Cold Chain
Market: http://www.grandviewresearch.com/industry-analysis/north-america-cold-chain-market
Further key findings from
the report suggest:
- The growing investment for developing the cold chain
market are anticipated to drive the industry demand
- The transportation segment is anticipated to have
significant growth rate over the forecast period with a CAGR of 8.3%
- Air transportation is a heavily-relied mode of cold
transportation and is used for high-value items such as bioengineered
drugs
- The fruits & vegetable application segment is
anticipated to have considerable growth over the forecast period
- Americold Logistics (U.S.) is the largest cold
storage firm in the U.S. with a capacity of 1.1 billion cubic feet
- The key players in the market include Cloverleaf Cold
Storage (U.S.), Wabash National Corporation (U.S.), and AGRO Merchants
Group (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 North America cold
chain market based on types, applications, and regions:
Type Outlook (Revenue, USD Billion, 2014 - 2025)
- Storage
- Warehouse
- Refrigerated
container
- Transportation
- Road
- Sea
- Rail
- Air
- Monitoring
Components
Application Outlook (Revenue, USD Billion, 2014 - 2025)
- Fruits
and Vegetables
- Dairy
- Fish,
Meat, and Seafood
- Processed
Food
- Pharmaceuticals
Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
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.
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