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Showing posts with the label Cold Chain Market

Unlocking Regional Potential: Cold Chain Market Insights Across Key Regions

  The global cold chain market, valued at USD 270.98 billion in 2023, is expected to grow at a compound annual growth rate (CAGR) of 18.9% from 2024 to 2030. This rapid growth is primarily driven by shifts in consumer behavior, increasing e-commerce activities, and a growing demand for organized retail stores, particularly in emerging economies. Additionally, the need to minimize food waste and optimize the storage and transportation of perishable goods is fueling investments in cold chain solutions. Technological advancements, including the adoption of Radio Frequency Identification (RFID) technology and automation systems, are also contributing significantly to market expansion by enhancing the efficiency and reliability of cold chain operations. One of the major factors propelling the demand for cold chain solutions is the shift in consumer diets, particularly the increasing preference for protein-rich foods over carbohydrate-heavy diets, which requires more effective storage an...

Cold Chain Market size is expected to reach USD 892.27 billion by 2030

The  global cold chain market  was valued at  USD 270.98 billion in 2023  and is anticipated to experience robust growth, projected at a compound annual growth rate (CAGR) of  18.9% from 2024 to 2030 . This significant growth is being fueled by several key factors, including evolving consumer preferences and the rapid expansion of e-commerce sales. As consumers increasingly demand fresh and high-quality perishable goods, the need for efficient cold chain solutions has intensified. The rise of  organized retail stores  in developing economies is also contributing to the escalating demand for cold chain services. As these markets expand, they require sophisticated logistics and storage solutions to maintain the integrity of perishable products throughout the supply chain. Additionally, rising investments in cold chain infrastructure, coupled with government initiatives aimed at reducing food waste, are expected to further bolster market growth. Governmen...

Growing Applications Of Telematics In Logistics And Transportation Provide Significant Opportunities for Cold Chain Industry

  The global cold chain market was valued at approximately USD 270.98 billion in 2023 and is projected to experience robust growth, with a compound annual growth rate (CAGR) of 18.9% from 2024 to 2030. This anticipated growth is primarily driven by shifting consumer preferences and the rising sales of e-commerce, both of which are significantly impacting the demand for cold chain solutions. Additionally, the increasing number of organized retail stores in developing economies is further contributing to this demand, as these establishments often require efficient cold chain logistics to ensure the safe handling and distribution of perishable goods. Rising investments in cold chain infrastructure, coupled with government initiatives aimed at minimizing food waste, are expected to bolster market growth. These initiatives not only promote sustainability but also highlight the critical importance of efficient cold chain systems in preserving food quality and safety. Furthermore, the gro...

Cold Chain Market is expected to grow at a CAGR of 14.8% from 2021 to 2028

  Cold Chain Industry Overview The global  cold chain market  size is estimated to reach USD 628.26 billion by 2028, according to a new study by Grand View Research, Inc., registering a CAGR of 14.8% from 2021 to 2028. Technological advancements in the packaging, processing, and storage of seafood products are expected to drive the market over the forecast period. Cold chain solutions have become an integral part of Supply Chain Management (SCM) for the transportation and storage of temperature-sensitive products. Increasing trade of perishable products is anticipated to drive product demand over the forecast period.   Cold Chain Market Segmentation Grand View Research has segmented the global cold chain market on the basis of type, packaging, equipment, application, and region:   Based on the Type Insights, the market is segmented into Storage, Monitoring Components and Transportation. In terms of revenue, the storage segment accounted for the largest r...