Demand for perishable goods promotes the Global Cold Chain Market

1. Demand for perishable goods promotes the Global Cold Chain Market Market overview: The global Cold Chain Market was estimated at USD 203 billion in 2019 and is predicted to extend up to USD 293 billion by 2025 at a CAGR of 7.6% during the outlook period. The cold chain is a type of supply chain industry. The cold chain is a controlled temperature storage activity, which includes a series of processes such as storage of raw materials, production, storage of the finished product, distribution of the final product and equipment and logistics. It includes related equipment and logistics to maintain cold storage temperature to preserve product quality and shelf life. Products such as food, pharmaceuticals, seafood, and photographic film require cold chain storage. Cold chain vehicles are called cold cargo that is used to transport perishable products or very sterile products such as chemicals, pharmaceuticals, etc. Recent developments: In January 2018, VersaCold (Canada) opened another appropriation community in Milton, Ontario. The new revolve handles around 30 sections for each day and 60 takeoffs for every day. In December 2017, AGRO Merchants (USA) obtained Grocontinental Limited (UK), a supplier of refrigeration and co-ordinations administrations. This exchange fortified AGRO's situation as a main supplier of refrigeration and co-ordinations in the UK and Ireland. Market Drivers and Restrains: The global cold chain market is driven by various activities taken by governments around the globe to build up the cold chain market. The demand for cold chain solutions is increasing as the number of organized outlets in emerging economies increases. Also, increasing disposable income and rapid urbanization worldwide have been well supported for the development of the entire market. The supply of connected devices is expected to increase and the automation of cold stores around the world will stimulate growth. Also, the need for transportation and refrigeration facilities and the increase in export and import activities have led

2. large companies to invest heavily in capital. This will positively affect the improvement of the worldwide virus chain showcase in the food business. The improvement of universal transient food exchange will likewise positively affect the worldwide cold chain advertise. As the world population grew, the demand for convenience and processed foods increased, fueling the cold chain market in the food industry. Therefore, the adoption of state-of-the-art technology will enhance the excessive growth of the global cold chain market of the food industry. Cold chain service providers aim to adopt cutting-edge technology as demand for food safety in processed and convenience foods increases. That is why many multinational suppliers are penetrating this market to provide better cold chain solutions, since the cold chain is considered the best business opportunity in the coming years. The underfunding and underdeveloped refrigeration infrastructure of many emerging economies has become major bottlenecks in the global cold chain market. To know more read: https://www.marketdataforecast.com/market-reports/cold-chain-market Report is segmented as: Depending on the type, the cold chain market is classified as cold storage and transportation. Depending on the type of temperature, the market was classified as refrigerated and frozen. Depending on the application, the global market is divided into fruits and vegetables, dairy and frozen desserts, bakery and confectionery, meat, fish and seafood, pharmaceuticals and others. Geographical Segmentation: The North American cold chain market is growing with the highest CAGR during the foreseen period. Europe is the second largest cold chain market. The Asia Pacific region is expected to show significant growth during the forecast period due to increased agricultural production. Standard government rules for new food bundling, stockpiling and transportation are relied upon to drive development in the Latin American cold chain market during the estimated time frame. Refrigeration markets in the Middle East and Africa are growing as frozen meat products become more popular and foreign direct investment increases.

3. Key market players: The main players in the global cold chain market are Lineage Logistics, AGRO Merchant, Priority Freezer, VersaCold Logistics, Americold Logistics, Burris Logistics and Nichirei Logistics, Weekly Warehouse, Kloosterboer and Swire Cold Storage. View sample and decide: https://www.marketdataforecast.com/market-reports/cold-chain- market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich

4. experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/