Global Cold Chain Market – Industry Trends and Forecast to 2029

Market Analysis and Insights : Global Cold Chain Market

Data Bridge Market Research analyses that the global cold chain market growing at a CAGR of 9.30% in the forecast period of 2022-2029. The increase in the number of formal retail outlets in emerging economies leads to an increase in the need for cold storage solutions in the forecast period of 2022- 2029.

The term "cold chain" refers to the combination of temperature-controlled surface transport and supply chain. It refers to freezing solutions designed to preserve products' quality and shelf life such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs. Cold chains are critical for extending marketing periods, avoiding overcapacity, reducing transport bottlenecks during peak times, and maintaining product quality. Temperature-controlled warehouses are used for storage, and cold-insulated transport vehicles are used for product distribution.

The increasing penetration of connected devices and the automation of refrigerated warehouses around the world are expected to drive industry growth during the forecast period. The growing number of organized retail stores in emerging economies is going to drive up demand for cold chain solutions.

Furthermore, liberalization, government efforts to reduce food waste, and multinational company expansion of retail chains are expected to boost industry growth over the forecast period. The increased demand for perishable products and the need for quick delivery associated with the e-commerce-based food and beverage delivery market has resulted in a significant increase in cold chain operations.

However, cold chain service providers are finding it difficult to reduce their operational costs as energy prices increase. Furthermore, high energy and real estate costs are likely to make the configuration and operation process difficult. A lack of skilled professionals is also a major hindrance to the market's growth.

This cold chain market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Cold Chain market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Cold Chain Market Scope and Market Size

Cold chain market is segmented on the basis of temperature control, type, temperature type, application, and technology. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of temperature control, the cold chain market is segmented into conventional refrigeration and packaging material. Conventional refrigeration is further segmented into mechanical refrigeration. Packaging material is further segmented into dry ice, wet ice, gel packs, eutectic plates, liquid nitrogen, insulated blankets and expanded polystyrene.
• Based on the type, the cold chain market is segmented into refrigerated storage, and refrigerated transport {road, sea}.
• Based on the temperature type, the cold chain market is segmented into chilled, and frozen.
• Based on the application, the cold chain market is segmented into fruits & vegetables, bakery & confectionery}, pharmaceuticals, dairy & frozen desserts, fish, meat, and seafood products, others.
• On the basis of technology, the cold chain market is segmented into blast freezing, vapor compression, programmable logic controller (PLC), evaporating cooling, cryogenic systems, and others.

Cold Chain Market Country Level Analysis

The cold chain market is analyses and market size, volume information is provided by country, temperature control, type, temperature type, application, and technology as referenced above.

The countries covered in the cold chain market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

The European region is estimated to have the largest share of the global market in terms of value. Demand is steadily increasing, particularly for the cold chain, as domestic consumption of high-quality perishable goods continues to rise. Due to increased awareness of food waste prevention prior to consumption, organized retail sector growth, increased customer demand for perishable food, and government support and initiatives in this field, Asia-Pacific has significant growth potential for the cold chain industry.

The country section of the cold chain market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Cold Chain Market Share Analysis

The cold chain market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the cold chain market.

Some of the major operating in the cold chain market report are Americold, Preferred Freezer Services, Burris Logistics, Lineage Logistics Holdings, LLC, NICHIREI CORPORATION, Swire Cold Storage Ltd, AGRO Merchants Group, Cloverleaf Cold Storage, Kloosterboer, Interstate Cold Storage, Inc, Hanson Logistics, HENNINGSEN COLD STORAGE CO., Trenton Cold Storage, A.B. Oxford Cold Storage Pty. Ltd., and VersaCold Logistics Services among others.

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