Cold Chain Logistics Market Emerging Factors, Future Demands, and Key Players
Cold chain logistics market is driven by rise in demand for food storage facilities and safety in food handling procedures. In addition, the market is influenced by the adoption to digital storage techniques. The growing support from governments and free trade policies have been instrumental in shaping the market growth for the forecast period.
(firmenpresse) - The global cold chain logistics market is set to grow at a higher CAGR during the forecast period. Cold chain systems is a force that generates exports and unleashes new opportunities over multiple sectors rather operating singular. The development of the cold chain facilities are highly vital to the growth of global trade as perishable products due to the availability of food product and health supplies.
Every year, the food and pharmaceutical sector faces a huge loss due to the wastage, lack of proper storage facilities and improper food safety handling procedures. Cold chain logistics market is driven by rise in demand for food storage facilities and safety in food handling procedures. In addition, the market is influenced by the adoption to digital storage techniques. The growing support from governments and free trade policies have been instrumental in shaping the market growth for the forecast period.
Application category for cold chain logistics market is segmented as bakery & confectionary, meat, fish & seafood and drugs & pharmaceuticals. Meat, sea and fish food account for a significant market share owing to increased demands by the population. Drugs & pharmaceuticals segment is anticipated to rise at a higher pace during the forecast period.
Geographical segmentation for cold chain logistics Industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to grow at a significant pace during the forecast period due to presence of population and small scale meat & poultry market and meat stimulates the market growth.
North American and European markets are expected to witness a robust CAGR in the estimated period due to the key developments in packaging industry and advances in the transportation facilities. In addition, merger & acquisition activities followed by combined technologies helps the market growth in the forecast period. The key players profiled in the cold chain logistics market report are Lineage Logistics, Swire Group LLC, VersaCold Logistics Services, Americold Logistics, AGRO Merchants Group LLC. Nichrei Logistics Group Inc, Congebec Logistics Inc, Conestoga Cold Storage Inc, Interstate Warehousing Inc., and United States Cold Storage Inc.
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