Food Cold Chain Market to Document Massive CAGR of 11.4% from 2020-2027
increase in the growth of cold chain infrastructure are driving the demand for the market
VANCOUVER, BC, CANADA, March 2, 2022 /EINPresswire.com/ -- The Global Food Cold Chain Market is projected to reach USD 526.00 billion in 2027. Technological innovation is expected to drive growth in packaging, processing and storage of seafood products.
Incorporating and processing temperature-sensible goods with cold chain solutions has become a part of supply chain management. Increased trade in perishable goods is expected to fuel demand over the forecast period for these solutions. Cold chain companies are gradually embracing renewable energy technologies like wind and solar to reduce overall operating costs.
The cooling system is used for the prolongation of shelf life and to improve product consistency as part of cold chain solutions. Coolants used in cooling systems pose an environmental hazard because of their high global warming potential (GWP) and ozone depletion capability (ODP).
Based on the in-depth analysis the research also brings to light major facts pertaining to the vital aspects such as market share, size, and growth rate. Deep dive into other aspects including the investment feasibility, demand and supply, import and export status, supply chain management and growth prospects narrates a lot about what the business environment will be like for the forecast period,2021 - 2028. All the vital statistics in the report are explained with the help of resources such as tables, charts, and info graphics.
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The industry is expected to benefit from more strict food safety legislation such as the Modernization Act on Food Security, which calls for greater consideration of the construction of a cool storage facility. The implementation by the Building Research Establishment of Environmental Assessment (BREEAM) of environmental audits programs such as Leadership in Energy and Environmental Design (LEED) will test construction at the initial phase. Therefore, these audit systems can evaluate the operational performance of completed structures.
The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Food Cold Chain market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Companies profiled in the global Food Cold Chain market:
Americold Logistics LLC, Burris Logistics, Inc., Agro Merchant Group, Cloverleaf Cold Storage, Lineage Logistics, LLC, Henningsen Cold Storage Company, Nordic Logistics, Swire Group, Preferred Freezer, and Wabash National, among others.
Further key findings from the report suggest
Connected goods allow companies to establish better consumer ties by differentiating products and going beyond market competition.
The market has gained popularity in developing countries due to a move from improved production to better transport and storage facilities.
The IoT technologies of key importance for the pharmaceutical industry include the control of the cold chain, intelligent packaging, product lifecycle administration, men and material and connected equipment.
The supply chain, allowed by RFID, provides improved productivity and has opened up new opportunities with visibility at product level.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
The COVID-19 impact:
To a certain degree, the COVID-19 pandemic may threaten industry development. Main players in this field are cautious about the industry's prospects and seek to find innovative means of sustainability. The medical firm had an effect on the pandemic and several major factories had to avoid manufacturing and take on other operations. Thanks to regular lock-ups, services in different parts of the world are missing. In the COVID-19, trade, exports and imports from elsewhere in Europe decreased significantly. The world's largest businesses continue to clean up their finances and retain cash reserves. People will surely lose their real disposable income, and farmers are trying to find new solutions to meet a considerably lower cost demand in the market.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.emergenresearch.com/industry-report/food-cold-chain-market
For the purpose of this report, Emergen Research has segmented into the global Food Cold Chain Market on the basis of Type, Packaging, Equipment, Application, and region:
Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Storage
Transportation
Monitoring components
Packaging Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Product
Materials
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Fruits & vegetables
Fruit pulp & concentrates
Dairy products
Fish, meat, and seafood
Processed food
Pharmaceuticals
Bakery & confectionary
Others
Equipment Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Storage equipment
Transportation equipment
Subject matter experts behind the study dive deep into the competitive landscape to assess the top performers across the world and unearth the strategies that have given them a competitive edge over others operating in the Food Cold Chain industry. Other vital aspects including the market share, size and growth rate for the forecast period, 2021 - 2028 also forms an important of the study and valuable resource for business owners, stakeholders, and marketing personnel planning to zero in on their business strategy.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Features of the Food Cold Chain Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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