The Global Cold Chain Market Report by The Business Research Company covers cold chain market’s drivers and restraints, cold chain market size, major players, and the impact of COVID-19 on the cold chain market.

The cold chain market consists of sales of cold chain and related services by entities (organizations, sole traders, and partnerships) that provides cold chain storage services. These services are used for the management and transportation of temperature-sensitive products through refrigeration, thermal packaging, and other methods. This plays a crucial role in temperature control for the perishable goods and assures the quality and health of the perishable goods to the final consumer across the distribution chain.

Growing consumer demand for perishable foods contributed to the growth of the cold chain market in the historic period.

The global cold chain market is expected to grow from $212.24 billion in 2020 to $239.67 billion in 2021 at a compound annual growth rate (CAGR) of 12.93%. The growth is mainly due to the increased demand for cold chain logistics from the processed food sector and the pharmaceutical sector. The cold chain market is expected to reach $344.51 billion in 2025 at a CAGR of 9.49%.

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Some cold chain market trends include major companies operating in the market continuously investing in automation solutions to survive in the competitive business environment. For instance, in January 2020, Kloosterboer, a Netherlands-based company engaged in providing innovative and sustainable solutions in the supply chain for temperature-controlled food products, invested in an automated and extremely sustainable reefer container terminal in its place in the port of Vlissingen. It was connected with 1020-reefer plugs and under the name of Kloosterboer container terminal Vlissingen. The container terminal was expected to be operational by mid-2020. The expectation is to process 250,000 TEU annually and was the first container terminal to use automatic cranes. In another instance, in 2020, US based cold chain provider FreezPak Logistics announced its plan to build a 140,000sq ft facility in New Jersey which will be equipped with an automated storage and retrieval system, using 12 robots to store and retrieve products. The new facility aims at speeding up the distribution process and cutting lead times for customers.

Global cold chain market segments include:

By Type: Refrigerated Warehousing, Refrigerated Transport

By Temperature Type: Frozen, Chilled

By Industry Vertical: Pharmaceutical, Healthcare, Food & Beverages, Chemical, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global cold chain market share.

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The Cold Chain Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides cold chain market overviews, analyzes and forecasts market size, share, cold chain market players, cold chain market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The cold chain identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Cold Chain Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Agro Merchants Group LLC, Americold Logistics, Lineage Logistics LLC, Nichirei Corporation, Burris Logistics Inc., Kloosterboer Group B.V., Henningsen Cold Storage, VersaCold Logistics, Cold Chain Technologies Inc., Hanson Logistics, Trenton Cold Storage, United States Cold Storage, Tippmann Group, Swire Cold Storage Ltd, and Nova Cold Logistics.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Cold Chain Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Cold Chain Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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