Global Cold Chain Testing Market – Industry Trends and Forecast to 2029

Cold Chain Testing Market Analysis and Size

Over the forecast period, technological advancements in the packaging, processing, and storage of seafood products are expected to drive the market. For the transportation and storage of temperature-sensitive products, cold chain solutions have become an essential component of Supply Chain Management (SCM).

Data Bridge Market Research analyses that the cold chain testing market was valued at 4.7 billion in 2021 is expected to reach the value of USD 10.45 billion by 2029, at a CAGR of 10.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Cold Chain Testing Market Scope and Segmentation

Market Definition

The term "cold chain" refers to industries that manufacture, store, and supply temperature-sensitive products or equipment under temperature constraints. From development to end use, these goods must be kept at a temperature that allows them to retain their performance characteristics.

Global Cold Chain Testing Market Dynamics

Drivers

• Governmental assistance and growth in food trade is providing market opportunities

Increased trade in perishable goods and increased government assistance for the construction of infrastructure for cold chain facilities are expected to drive market growth. Cold chain service providers are also implementing cutting-edge technologies to meet the growing demand for food safety in processed goods. This is likely to create a number of opportunities, resulting in the entry of a number of multinational suppliers into the market to provide superior cold chain testing.

• Technological advancements and implementation of food safety laws

The growing digital convenience in the global market has perfectly aligned with the personalization trend. Along with providing a more convenient shopping experience, technology has made product information much more accessible to consumers, increasing packaged food sales and strengthening the cold chain testing market. Food safety laws, such as the Food Safety Modernization Act, which requires increased attention to cold storage warehouse construction, are also expected to help the market.

Opportunity

The rising prevalence of foreign direct investment, combined with rising demand for organised retail, will create numerous opportunities, resulting in the growth of the cold chain testing market during the forecast period.

Restraints

The rising cost of energy and infrastructure and rising concern about greenhouse gas emissions are likely to stifle the growth of the cold chain testing market during the forecast period. The most significant challenge to market growth will be a lack of skilled resources and infrastructure.

This cold chain testing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the cold chain testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Cold Chain Testing Market

COVID-19 has caused havoc in the food processing industry. Food companies in this industry have been impacted by social distancing rules, labour shortages due to movement restrictions, and lockdown measures to contain the virus's spread. Furthermore, regional governments' actions have limited the number of people working in small areas, which has hampered growth of the food industry.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In October 2019, SGS announced the expansion of its new food microbiological testing lab in Fairfield, New Jersey, USA,. The 2,000-square-foot microbiological testing facility employs an information technology platform to provide a wide range of testing services to food producers, manufacturers, and suppliers across all food categories.
• In March 2019, SGS announced the expansion of its new food microbiological testing lab in Carson, California. The microbiological testing facility is 2,400 square feet in size. This expansion aims to broaden the company's geographical coverage as well as its global network of agriculture and food labs.

 Global Cold Chain testing Market Scope

The cold chain testing market is segmented on the basis of technology, type, temperature type, application, and test type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology  

• Blast Freezing
• Vapour Compression
• Programmable Logic Controller (PLC)
• Evaporating Cooling
• Cryogenic Systems
• Others

Type

• Refrigerated Storage
• Refrigerated Transport

Temperature type

• Chilled
• Frozen

Application

• Dairy and Frozen Desserts
• Fish
• Meat and Seafood Products
• Fruits and Vegetables
• Bakery and Confectionery Products
• Others

Test type

• ISTA 7D
• ISTA 7E
• ASTM D3103
• ASTM D4169
• ASTM D4332

Cold Chain testing Market Regional Analysis/Insights

The cold chain testing market is analysed and market size insights and trends are provided by country, technology, type, temperature type, application, and test type as referenced above.

The countries covered in the cold chain testing market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the cold chain testing market due to rising testing demand as perishable commodities are widely consumed in the region

Asia-Pacific is expected to grow from 2022 to 2029 due to rising perishable food consumption and the growth of the organised retail sector.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Testing Market Share Analysis

The cold chain testing 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 cold chain testing market.

Some of the major players operating in the cold chain testing market are:

• Americold Logistics (U.S.)
• LINEAGE LOGISTICS HOLDING, LLC (U.S.)
• NICHIREI CORPORATION (Japan)
• A Burris Logistics Company (U.S.)
• AGRO Merchants Group (U.S.)
• Kloosterboer Group B.V. (Netherlands)
• United States Cold Storage (U.S.)
• Tippmann Group. (U.S.)
• VersaCold Logistics Services (Canada)
• LINEAGE LOGISTICS HOLDING, LLC. (U.S.)
• Coldman Logistics Pvt.Ltd. (India)
• Congebec (Canada)
• CONESTOGA COLD STORAGE. (Canada)
• NewCold (Netherlands)
• Hanson Logistics Ltd (U.S.)
• Confederation Freezers (Canada)

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