This report covers the recent COVID-19 and its impact on Cold Chain Logistics Market. The pandemic has widely affected the economic scenario.
New York, United States – June 10, 2020 /MarketersMedia/ —
The cold chain is a combination of temperature-controlled surface transport and supply chain. It refers to the freezing solutions planned to maintain the quality and shelf life of the products, such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs. Cold chains are essential for extending the period of marketing, avoiding overcapacity, reducing transport bottlenecks during peak periods, and maintaining the quality of the product. The process involves the utilization of temperature-controlled warehouses for storage and cold insulated transport vehicles for products’ distributions. Cold chain logistics solutions are widely used to transport and store fruits, vegetables, meat, beef, medicines, and drugs. Transportation modes used are refrigerated trucks, refrigerated railcars, refrigerated cargo, and air cargo.
This market research report covers the global and regional market with an in-depth analysis. Furthermore, it sheds light on the comprehensive competitive situation of the global and regional markets. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
The rise in consumer demand for perishable food items, growth of international trade due to trade liberalization, the government efforts to reduce food waste, and expansion of the organized food retail industry are the prime factors driving the cold chain logistics market growth. Apart from this, an increase in the number of refrigerated warehouses, processed food sector, and growth in the pharmaceutical sector are also expected to give vigor to the cold chain logistics market during the forecast period. However, lack of standardization and high operational cost poised to hinder the market growth.
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The Major Players Profiled in This Report Include:
Nichirei Logistics Group
VersaCold Logistics Services
Preferred Freezer Services
AGRO Merchants Group, LLC
Gruppo Marconi Logistica Integrata
Interstate Cold Storage
Cloverleaf Cold Storage
Apr 2018: Sharp, a part of UDG Healthcare PLC, announced an investment of USD 11 million to increase its global cold storage and syringe assembly capacity.
Jan 2018: (Global LEAP) unveiled the Off-grid Cold Chain Challenge (OGCCC), an initiative that aims to identify the world’s best and most innovative off-grid cold chain technologies.
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share, and growth rate of each type, primarily split into:
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share, and growth rate of each application/end users, primarily divided into:
Fruits & Vegetables
Bakery & Confectionary
Dairy & Frozen Desserts
Meat, Fish & Sea Food
Drugs & Pharmaceuticals
Dairy & frozen desserts segment is projected to dominate the market during the forecast period due to economic growth, rapid urbanization, and the use of sophisticated marketing channels, which have led to significant changes in dietary patterns. Frozen fruits & vegetables are often available in easy-to-open re-sealable packaging, which allows longer storage and portion control without wastage, thus this segment will also witness growth in the coming years.
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The European region is estimated to account for the largest cold chain logistics market share. There is a steady increase in demand, particularly for cold chain due to a continuous increase in domestic consumption of high-quality perishable commodities.
The Asia Pacific shows significant growth potential for the cold chain industry and anticipated to surpass European regional market due to the increasing awareness about the prevention of food wastage before consumption, growth of the organized retail sector, rise in consumer demand for perishable foods, and government support & initiatives in this sector.
North America is anticipated to lead the cold chain market in terms of revenue owing to continuing innovation in autonomous trucks. Mexico is expected to witness exponential growth over the forecast period owing to the rise in investments for the development of logistics infrastructure and penetration of warehouse management systems.
Cold Chain Logistics Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Cold Chain Logistics Market by Types
Chapter 4 Segmentation of Cold Chain Logistics Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Cold Chain Logistics Market in Major Countries
Chapter 7 North America Cold Chain Logistics Landscape Analysis
Chapter 8 Europe Cold Chain Logistics Landscape Analysis
Chapter 9 Asia Pacific Cold Chain Logistics Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Cold Chain Logistics Landscape Analysis
Chapter 11 Major Players Profile
11.1 Nichirei Logistics Group
11.1.1 Nichirei Logistics Group Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 AmeriCold Logistics
11.2.1 AmeriCold Logistics Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 Lineage Logistics
11.3.1 Lineage Logistics Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures (Totals 94 Figures and 164 Tables)
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Key Questions Answered by This Report:
What is the size and CAGR of the Cold Chain Logistics Market?
What are the key driving factors of the most profitable regional market?
Which are the leading companies in the global market?
How will the Cold Chain Logistics Market advance in the coming years?
What are the main strategies adopted in the global market?
Which region may hit the highest market share in the coming era?
What trends, challenges, and barriers will impact the development and sizing of the Cold Chain Logistics Market?
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