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Cold Chain Market was valued at US$ 253.15 Bn. in 2021. Global Cold Chain Market size is estimated to grow at a CAGR of 8.6 % over the forecast period.
Cold Chain Market Overview:
This report discusses the market growth drivers and obstacles for the manufacturer, as well as a review of the significant trends in the market's business strategies, procedures, and financially sound and expand approach. Customization is also possible to meet the needs of individual customers, as well as a complete understanding of market potential. The Cold Chain Market provides a comprehensive overview of the market's competitive landscape and main merchants. This report can assist with structural planning in light of current industry conditions.
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Market Scope:
According to the forecast period 2021-2027, theCold Chain market is expected to grow at a steady rate of xx % between 2021 and 2027. The market is estimated to increase in the forecast period of 2021, as key industry players continue to complete projects.
This report includes a value-based analysis and forecast for the Cold Chain market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Cold Chain Market is included in this report. Cold Chain Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Cold Chain market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Cold Chain Global market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Cold Chain Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Cold Chain Market Segmentation:
Based on Type, in terms of revenue, the storage category accounted for more than 60.3 % of revenue in 2021 and is expected to maintain its dominance over the forecast period, owing to rising global demand for packaged goods. The demand for frozen meals is being driven by changing consumer dietary patterns and lifestyles. It is forecasted to increase the demand for storage solutions. Food, beverage, and healthcare products require the use of cold chain systems.
The transportation market is likely to be driven by demand for high-cube refrigerated trailers, connected refrigerated trucks, insulated containers, and vehicles that encourage cross-product movement over the forecast period. The adoption of cold chain temperature monitoring solutions has been positively influenced by the efficient management of cold storage, which is heavily reliant on software and hardware components used for monitoring purposes.
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Cold Chain Market Key Players:
• Nichirei Corporation
• Burris Logistics
• Agro Merchants Group
• Kloosterboer
• United States Cold Storage
• Tippmann Group
• VersaCold Logistics Services
• Henningsen Cold Storage Co.
• CWT Pte Limited
• Orient Overseas (International) Limited
• JWD Group Inc.
• Swire Cold Chain Logistics Co. Ltd
• XPO Logistics Inc.
Regional Analysis:
The Cold Chain market is organized into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.
COVID-19 Impact Analysis on Cold Chain Market:
The globe has reached the end of the COVID-19 pandemic's recovery phase. In light of the current economic scenario, Maximize Industry Research has launched the Cold Chain Market Status, Trends, and COVID-19 Impact Report 2021, which provides a comprehensive look at the Cold Chain market.
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