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Classified in: Transportation, Science and technology
Subject: MRR

Cold Chain Market Size to Grow by USD 256.58 billion | Use of RFID in Cold Chain Logistics to Boost Growth | Technavio


NEW YORK, June 29, 2022 /PRNewswire/ -- The cold chain market will be driven by factors such as the use of RFID in cold chain logistics. Standard RFID tracking and tracing can help in planning and fast decision-making for the transport of temperature-sensitive products. RFID devices help enterprises monitor the temperature. Moreover, RFID tags collect a wide range of information, such as moisture, light, radiation, shock/vibration, and gas concentrations. Therefore, the use of RFID in cold chain logistics tracking and tracing will help enterprises in improving logistics operations and keeping track of the products.

The cold chain market is expected to grow by USD 256.58 bn from 2020 to 2025. Moreover, the growth momentum of the market will progress at a CAGR of 16.92% during the forecast period, according to Technavio.

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Cold Chain Market 2021-2025 : Scope

The cold chain market report covers the following areas:

Cold Chain Market 2021-2025 : Market Challenge

The lack of infrastructure in developing countries will challenge the global cold chain market share growth during the forecast period. In developing countries such as India, the penetration of the cold chain is low due to the high fixed cost involved. Farmers in such countries do not prefer cold storage, as it increases the cost of their operations. Moreover, the lack of technical knowledge and insufficient transportation facilities act as a challenge for the adoption of cold chains among customers in these regions. These factors will make it difficult for customers to access cold chain facilities.

Cold Chain Market 2021-2025 : Segmentation

Learn more about the contribution of each segment of the market. Download a Sample

Cold Chain Market 2021-2025 : Regional Analysis

APAC will account for 36% of the market's growth during the forecast period. The large presence of both food and healthcare product suppliers and consumers will drive the cold chain market growth in APAC during the forecast period. China and India are the key countries for the cold chain market in APAC. Moreover, market growth in this region will be faster than the growth of the market in other regions.

Cold Chain Market 2021-2025 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Cold Chain Market, including Americold Realty Trust, Burris Logistics, Congebec Logistics Inc., Deutsche Post DHL Group, John Swire and Sons Ltd., Kloosterboer, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., and United Parcel Service Inc. among others.

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Cold Chain Market 2021-2025 : Key Highlights
Related Reports:

Wine Logistics Market by Service and Geography - Forecast and Analysis 2022-2026

Cross-border E-commerce Logistics Market by Service and Geography - Forecast and Analysis 2022-2026

Cold Chain Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16.92%

Market growth 2021-2025

USD 256.58 billion

Market structure

Fragmented

YoY growth (%)

16.23

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 36%

Key consumer countries

US, China, UK, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Americold Realty Trust, Burris Logistics, Congebec Logistics Inc., Deutsche Post DHL Group, John Swire and Sons Ltd., Kloosterboer, Lineage Logistics Holdings LLC, NewCold Cooperatief UA, Nichirei Corp., and United Parcel Service Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Market Segmentation by Type

7 Customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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