Cold chain companies are gradually embracing renewable energy technologies like wind and solar to reduce overall operating costs.
The latest study conducted by Emergen Research, titled ‘Food Cold Chain market size is projected to reach USD 526.00 billion in 2027. The report delineates the pivotal aspects of this market, shedding light on the most prominent market growth possibilities and challenges.
Incorporating and processing temperature-sensible goods with cold chain solutions has become a part of supply chain management. Increased trade in perishable goods is expected to fuel demand over the forecast period for these solutions. Cold chain companies are gradually embracing renewable energy technologies like wind and solar to reduce overall operating costs.
The report elaborates on various national and international business development prospects and explains the competitive landscape of the global Food Cold Chain market. The market size estimation and forecasts have been detailed in this report.
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The industry is expected to benefit from more strict food safety legislation such as the Modernization Act on Food Security, which calls for greater consideration of the construction of a cool storage facility. The implementation by the Building Research Establishment of Environmental Assessment (BREEAM) of environmental audits programs such as Leadership in Energy and Environmental Design (LEED) will test construction at the initial phase. Therefore, these audit systems can evaluate the operational performance of completed structures.
The global health crisis has led to dramatic changes in the market, significantly disrupting the Food Cold Chain industry. It has subsequently affected the industry’s supply chains and made prices of and the demand for the product highly volatile.
However, market experts believe that the global Food Cold Chain market will regain traction in the post-COVID era. The report further delivers preliminary and future COVID-19 impact assessments of the Food Cold Chain market.
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Geographical Backdrop:
The global Food Cold Chain market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Food Cold Chain market across major geographies.
In December 2017, the new extension to its Clearfield, Utah campus has been opened by Americold Logistics (UK). The new building expanded the temperature regulated storage space to approximately 9.5 million cubic feet. This expansion helped expand market share in the company's total temperature-controlled warehouse capacity in northerly Utah to more than 50%.
Some Key Highlights From the Report
- The market has gained popularity in developing countries due to a move from improved production to better transport and storage facilities.
- The IoT technologies of key importance for the pharmaceutical industry include the control of the cold chain, intelligent packaging, product lifecycle administration, men and material and connected equipment.
- The supply chain, allowed by RFID, provides improved productivity and has opened up new opportunities with visibility at product level.
- Globalization and a growing number of counterfeit accidents in pharmaceuticals and food safety have prompted governments to implement production and supply regulations. The growing trend of online purchasing of food products and e-commerce in China are key drivers of demand.
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For the purpose of this report, Emergen Research has segmented into the global Food Cold Chain Market on the basis of Type, Packaging, Equipment, Application, and region:
- Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Storage
- Transportation
- Monitoring components
- Packaging Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Product
- Materials
- Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Fruits vegetables
- Fruit pulp concentrates
- Dairy products
- Fish, meat, and seafood
- Processed food
- Pharmaceuticals
- Bakery confectionary
- Others
- Equipment Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Storage equipment
- Transportation equipment
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