Cold Chain Market Size, Industry Trends, Demand and Future Opportunities and Forecast 2030


Posted April 8, 2024 by Jameslin

Cold Chain Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast 2030

 
Maintaining the quality and freshness of products across the intricate web of international supply networks requires cold chain infrastructure. The global cold chain market is expected to reach a valuation of around USD 280.0 billion in 2022 and expand at a compound annual growth rate (CAGR) of 10.5% between 2023 and 2030. Because of these rules, businesses from a wide range of industries are employing cold chain solutions. Thanks to developments in data analytics, temperature monitoring tools, and refrigeration technology, businesses can now track and manage temperature-sensitive commodities more efficiently across the supply chain.
Throughout the supply chain, temperature-sensitive items are maintained via an integrated system of buildings, machinery, and transportation known as the "cold chain market." Perishable goods including food, medicine, and other items that must be stored at a specific temperature in order to retain their safety, efficacy, and freshness are included in this category.

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Cold Chain Market Growth Drivers:
The market for cold chain products is growing as a result of rising consumer demand for frozen and fresh foods such dairy, seafood, fish, and fruits. Changes in lifestyle, urbanization, and eating habits are driving up demand for premium-quality perishable commodities, convenience foods, and ready-to-eat meals. Efficient cold chain activities are necessary to maintain the freshness of these products.
The biotechnology and pharmaceutical industries are rapidly expanding due to the demand for biologics, vaccines, temperature-sensitive drugs, and materials for clinical trials. Strict regulatory criteria, including GDP guidelines, force the use of precise temperature control throughout the supply chain in order to ensure product efficacy and compliance.
The increasing growth of e-commerce platforms and online grocery delivery services is driving the need for efficient cold chain logistics to fulfill orders of perishable commodities. Last-mile delivery challenges including temperature control, delivery window scheduling, and product freshness necessitate specialized logistics solutions and a robust cold chain infrastructure in order to meet customer expectations.
Cold Chain Market Segmentation:
· By Solution Type:
• Storage Solution
• Transportation Solution
• Packaging Solution
• Monitoring Solutions
· By Refrigeration Technology Type:
• Cryogenic Cooling
• Vapor Compression
• Blast Freezing
• Evaporative Cooling
• Other Refrigeration Technologies
· By Temperature Range:
• Chilled
• Frozen
· By Application:
• Food & Beverages
• Pharmaceuticals
• Chemicals
• Other Applications
· By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Cold Chain Market Key Global Players:
Numerous players are vying for market share and investing in new technologies and product development to stay ahead of the curve in the market. Several key global players in the cold chain market include:
· Lineage Logistics
· Nippon Express Co., Ltd.
· Nichirei Corporation
· Maersk
· Carrier Global
· Americold Realty Trust, Inc.
· NewCold
· DSV
· C.H. Robinson
· Sonoco ThermoSafe
· Other Players

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

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Issued By James
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Categories Business , Manufacturing , Miscellaneous
Tags cold chain market , cold chain market size , cold chain market news , cold chain market growth
Last Updated April 8, 2024