Cold Chain Logistics Market Outlook to 2023: Top Manufacturer Analysis, Industry Overview and Forecast Report

Posted on 2020-03-30 by researchinsights in Internet & Online // 0 Comments

30^th Mar 2020 – The global Cold Chain Logistics Market is set to grow at a higher CAGR during the forecast period. Cold chain systems is a force that generates exports and unleashes new opportunities over multiple sectors rather operating singular. The development of the cold chain facilities are highly vital to the growth of global trade as perishable products due to the availability of food product and health supplies.

Every year, the food and pharmaceutical sector faces a huge loss due to the wastage, lack of proper storage facilities and improper food safety handling procedures. Cold chain logistics market is driven by rise in demand for food storage facilities and safety in food handling procedures. In addition, the market is influenced by the adoption to digital storage techniques. The growing support from governments and free trade policies have been instrumental in shaping the market growth for the forecast period.

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Application category for cold chain logistics market is segmented as bakery & confectionary, meat, fish & seafood and drugs & pharmaceuticals. Meat, sea and fish food account for a significant market share owing to increased demands by the population. Drugs & pharmaceuticals segment is anticipated to rise at a higher pace during the forecast period.

Key Players Analysis:

Americold Logistics
Lineage Logistics
VersaCold Logistics Services
AGRO Merchants Group
United States Cold Storage

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Cold Chain Logistics for each application, including

Fruits & Vegetables
Bakery & Confectionery
Dairy & Frozen Desserts
Fish, Meat, & Seafood
Others

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Geographical segmentation for cold chain logistics Industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to grow at a significant pace during the forecast period due to presence of population and small scale meat & poultry market and meat stimulates the market growth.

North American and European markets are expected to witness a robust CAGR in the estimated period due to the key developments in packaging industry and advances in the transportation facilities. In addition, merger & acquisition activities followed by combined technologies helps the market growth in the forecast period.

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