Global Cold Chain Market worth USD 7.94 Billion by 2024

Global Cold Chain Market worth USD 7.94 Billion by 2024

Pune, India, January 17, 2019 -- /360iResearch/ -- The report "Global Cold Chain Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 3.68 billion in 2017 and is projected to reach USD 7.94 billion by 2024, growing at a CAGR of 11.63% from 2017 to 2024.

The major forces driving the growth of the cold chain market include the increase in the preservation of convenience food products due to modernization and increasing consumer demand for perishable foods and frozen items. Moreover, trade liberalization fuelling international supply is also one of the factors that is driving the market growth. However high energy & infrastructure costs, and lack of documentation and delays may hinder the market growth. In the middle of difficulty lies opportunity such as the growing demand for organized retail, increasing demand from the medical & pharmaceutical sector, and government efforts to reduce post-harvest & processed food wastage. The possible challenges for the market growth are limited infrastructural support and skilled resources in emerging markets, and inadequate packaging and issues with product quality. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on component, the global cold chain market is studied across Hardware, and Software. Based on logistics, the global cold chain market is studied across Storage, and Transportation. Based on technology, the global cold chain market is studied across Blast Freezing, Evaporating Cooling, and Vapor Compression. Based on temperature type, the global cold chain market is studied across Chilled, and Frozen. Based on type, the global cold chain market is studied across Refrigerated Storage, and Refrigerated Transport. Based on application, the global cold chain market is studied across Food & Beverages, and Pharmaceuticals and Healthcare. Based on geography, the global cold chain market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the cold chain market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Astrona Biotechnologies, Berlinger & Co., Controlant, Daikin Industries, Elpro-Buchs, Freshsurety, Infratab, Interstate Warehousing, Klinge Corporation, Lineage Logistics Holdings, Monnit, Nimble Wireless, Orbcomm, Safetraces, Savi Technology, Securerf Corporation, Sensitech, Tagbox Solutions, Temperature Monitor Solutions Africa, Verigo, and Zest Labs.

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