Global Cold Chain Market is expected to reach $608.40 billion by 2027 growing at a CAGR of 16.6% during 2018 to 2027.

Some of the key players profiled in the Cold Chain market include Agro Merchant Group, Americold Logistics LLC, Burris Logistics, Inc., Cloverleaf Cold Storage, Cold Box Express, Inc, Cold Chain Technologies, Inc, Creopack, Cryopak Industries Inc. Swire Group, Valor Industries and Wabash National.

Gaithersburg, Maryland, United States - October 9, 2019 /MarketersMedia/ —

The increasing number of organized retail stores in emerging economies, trade liberalization, government efforts to reduce food waste, and expansion of retail chains by multinational companies are some of the factors fuelling the market growth. However, high capital investments, difficulty in achieving economies of scale along with high running costs are restricting the market growth.

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The cold chain includes logistics planning to maintain the temperature at which perishable food products are stored through refrigeration or thermal packing. This leads to an increase in product life and helps maintain the standard quality of the product for a longer duration. It basically preserves the physical and biochemical properties of frozen and perishable food items. It also regulates the market price of off-season food and prevents product loss by minimizing wastes which eventually leads to higher profits for the manufacturers. Industries that use cold chain are seafood, bakery, fruits & vegetables, confectionery, frozen dessert, dairy, etc.

Based on application, the bakery & confectionery segment is estimated to have a lucrative growth due to the condition that the market is highly impacted by innovations, as manufacturers are always introducing new processing techniques to produce complex bakery products of different shapes and sizes.

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By Geography, North America is likely to have a huge demand due to the increasing demand of daily products, vegetables and fruits heading towards more export form one region to another.

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Technologies Covered:
• Air Blown Evaporators
• Blast Freezing
• Cryogenic Systems
• Eutectic Devices
• Evaporating Cooling
• Programmable Logic Controller (PLC)
• Vapor Compression Systems
• Other Technologies

Temperatures Covered:
• Chilled
• Frozen

Types Covered:
• Monitoring Components
• Refrigerated Storage
• Refrigerated Transportation

Packagings Covered:
• Material
• Product

Applications Covered:
• Chemicals
• Food & Beverages
• Healthcare
• Pharmaceuticals
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-cold-chain-market-is-expected-to-reach-60840-billion-by-2027-growing-at-a-cagr-of-166-during-2018-to-2027/88926568

Source: MarketersMedia

Release ID: 88926568