The global cold chain monitoring market is anticipated to grow at a CAGR of 18.0% during the forecast period (2022- 2028). The cold chain means to handle food and distribution where the product is maintained at suitable temperature conditions all the way from harvesting through the cooling or freezing process to the point of sale. It is primarily used to maintain & extend the life of products such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical products. Factors such as monitoring, storage, and transportation are the key things for the growth of the cold chain monitoring market. In addition, increased focus on quality and product sensitivity and surge in the demand for refrigerated warehouse, growth in the pharmaceutical industry is expected to boost the growth of the market. However, factors such as lack of standardization and high operational cost are some restraining factors in the market.
The market is segmented based on offering, logistics, and application. Based on the logistics, the market is sub-segmented into storage and transportation. Storage takes a chain of precisely coordinated events in temperature-controlled environments to store, manage and transport products. The cold chain involves the transportation of temperature-sensitive products along a supply chain through thermal and refrigerated packaging methods and the logistical planning to protect the integrity of these shipments. In the transportation of medicines or vaccines, any change in temperature during that time can affect the medicines, losing their potential to cure the ailments they are meant for, thereby leading to ineffective treatment in many cases.
Some major players in the market include Americold Logistics LLC, Sensitech, and Berlinger & Co., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2018, Lineage Logistics acquired Service Cold Storage (SCS), a Wisconsin-based cold storage provider.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Offering
By Logistics
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Top Major Key Players:
Americold Logistics LLC, Sensitech, and Berlinger & Co., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
A full report of cold chain monitoring market is available at:
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Global Cold Chain Monitoring Market Report by Segment
By Offering
Hardware
Software
By Logistics
Storage
Transportation
By Application
Pharmaceuticals and Healthcare
Food and Beverage
Chemicals
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