Global Cold Chain Market Overview And Prospects
Learn about the global cold chain market through The Business Research Company, which provides information on cold chain market size, cold chain market drivers and restraints, cold chain market players, the COVID-19 impact on the cold chain market, and more.
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%.
Growing consumer demand for perishable foods are expected to drive innovation in cold chain manufacturing, thus driving the market during the forecast period.
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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.
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 was the largest region in the cold chain market in 2020.
Major companies operating in the cold chain market are continuously investing in automation solutions to survive in the competitive business environment.
TBRC’s cold chain market report covers:
Major Market Players: 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)
The Cold Chain Global Market Report 2021: COVID-19 Growth And Change to 2030 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, leading competitor revenues, profiles and market shares.
TBRC’s cold chain market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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