The significant growth of the market can be attributed to rising consumer demand for perishable food items, growth of international trade due to trade liberalization, and expansion of the organized food retail industry are some of the factors that will boost the growth of the market over the forecast period. Moreover, factors such as increasing need for temperature control to prevent potential health hazards also fuels the growth of this market. However, concerns regarding environment such as greenhouse gas emissions and using high energy and infrastructure cost will restrain the growth of the market to a certain extent. Market Industry Reports (MIR) has published a new report titled “Cold Chain Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global cold chain market is estimated to be over US$ 217 Bn in 2019 It is anticipated to grow at a CAGR of 7.0% from 2019 to 2030.
Cold chain services are designed to provide ideal transportation and storage conditions for temperature-sensitive products. Rising consumer demand for dairy & frozen desserts, fruits & vegetables, meat, fish and seafood. Similarly, bakery & confectionery products and fast delivery requirements is associated with the e-commerce based food delivery market have given a significant boost to cold chain market. Moreover, the growth of international trade due to trade liberalization, and the expansion of the organized food retail industry are some of the factors are driving the growth of the market.
Major Key Players of the Cold Chain Market are:
Burris Logistics, Americold Logistics, LINEAGE LOGISTICS HOLDING, NICHIREI CORPORATION., Swire Cold Storag, Agro Merchants Group, Kloosterboer Group B.V., Interstate Cold Storage, Inc., VersaCold Logistics Services, Aamong others.
Burris Logistics, Americold Logistics, LINEAGE LOGISTICS HOLDING, NICHIREI CORPORATION., Swire Cold Storag, Agro Merchants Group, Kloosterboer Group B.V., Interstate Cold Storage, Inc., VersaCold Logistics Services, Aamong others.
No comments:
Post a Comment