The cold chain market is projected to grow at a considerable CAGR of more than 10% during the forecast period (2020-2026). Technological advancements in the packaging, processing, and storage of perishable food products is a key factor anticipated to drive the growth of the global cold chain market. Radiofrequency identification, IoT, and mobile racking are the key technologies that are highly being adopted in the cold chain industry. The increase in the global trade of the perishable food products and medicines along with the cohesive government policies for the development of infrastructure for cold chain facilities are the major aspects that are promoting the growth of the cold chain market across the globe.
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The presence of food safety regulations, such as the Food Safety & Standards Act 2006 that requires the organizations to regulate their manufacturing, storage distribution, sale and import, to ensure availability of safe and wholesome food for human consumption. Food Safety Modernization Act (FSMA) is another act that requires increased attention of the manufacturers toward the construction of cold storage warehouse. The presence of such acts across the globe is creating the demand for the cold chain market across the globe. The increasing adoption of cutting-edge technologies to meet the increasing demand for food safety, in the processed foods sector is anticipated to offer considerable opportunities for the growth of the cold chain market. Lack of uniform infrastructure, packaging failure, hardware failure, and lack of equipment are some factors that may restrain the growth of the cold chain market.
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Market Segmentation
Global Cold Chain Market by Application
• Fruits & Vegetable
• Bakery & Confectionary
• Dairy & Frozen desserts
• Meat, Fish, and Seafood
• Drugs & Pharmaceuticals
• Others
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Agro Merchants Group, LLC
• Al Rai Logistica K.S.C.
• AIT Worldwide Logistics, Inc.
• Americold Logistics, LLC
• Berlinger & Co. AG
• Burris Logistics, Inc.
• Cardinal Health, Inc.
• Coldman Logistics Pvt. Ltd.
• Conestoga Cold Storage
• Congebec Logistics, Inc.
• CWT Pte, Ltd.
• Henningsen Cold Chain Co.
• JWD Group, Inc.
• Lineage Logistics Holdings, LLC
• New Cold Advanced Cold Logistics
• Nichirei Corp.
• Orient Overseas (International), Ltd.
• Preffered Freezer Services
• Swire Cold Chain Logistics (Shanghai) Co. Ltd.
• Tippmann Group
• The United States Cold Storage, Inc.
• VersaCold International Corp.
• XPO Logistics, Inc.
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