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(Medical-NewsWire.com, March 29, 2016 ) The methods generally used in cold chain market to transport and store the goods are thermal and refrigerated packaging methods. Cold chains are used for various products including pharmaceutical drugs, chemicals and agricultural products, frozen foods and beverages. Cold chain is a crucial logistic system as it enhances food safety, reduces food loss, and retains features, longevity and freshness of the products.
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Increased demand of cold chain logistics from emerging economies is a major development in the cold chain market. Factors such as technological advancements in refrigerated storage and refrigerated transport, increase in consumer demand for unpreserved foods, and growth of international trades for perishable foods, are the growth drivers for the cold chain market. The demand for fresh food through online shopping has increased in the past few years, and it plays a vital role in the increasing demand of refrigerated transport by road. Reefer containers that are transported by sea maintains life cycle of unpreserved foods. The technical advancements in reefer containers are also supporting the growth of refrigerated transport. Various organizations, such as Supply Network Asia, Asia Cold Chain Centre, CEMAFROID in Paris, Logistic Academy in Singapore, and National Centre for Cold Chain Development in India, are also contributing to the development of cold chain network in emerging countries by providing cold chain logistics training to farmers for food storage and food waste minimization.
North America had the largest cold chain market in 2014. The large market share of North America is attributed to high export and import of the perishable foods in the region. Asia-Pacific witnessed fastest growth in cold chain market, fuelled mainly by the cold chain development in emerging countries led by China and India. Cold chain market in India is growing with the help of supportive government initiatives, rise in organized retail, and shift in preferences of the consumers in the country. Many U.S. based cold chain service providers have recently invested in cold chain infrastructure in China. The e-commerce and food safety regulations introduced by government of China are resulting in increased demand of cold chain market in the country.
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Some of the major competitors in the global cold chain market include Preferred Freezer Services, Henningsen Cold Storage Company, Swire Cold Storage Ltd., Cloverleaf Cold Storage, Nichirei Logistics Group Inc., Americold Logistics, Lineage Logistics Holding LLC, Interstate Cold Storage Inc., Burris Logistics, and Millard Refrigerated Services.
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