We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Global cold chain market to reach $426.2 billion by 2022
newsworthy

Global cold chain market to reach $426.2 billion by 2022

June 19, 2017
DC Velocity Staff
No Comments

The global cold chain market is on track to reach $426.2 billion in revenue by 2022 due to rising demand for frozen food, growth in the pharmaceutical industry, and higher investments in temperature-control infrastructure and technologies, a report released Friday says.

Revenues of that size would mark a compound annual growth rate (CAGR) of 13.9 percent from the sector's revenues of $110.20 billion in 2014, according to the Beijing-based market research firm QY Research Groups.

Refrigerated distribution and storage activities are typically used for handling products such as frozen food, chemicals, seafood, fresh agriculture products like fruits and vegetables, photographic films, pharmaceutical drugs, and other perishable items.

The highest revenue gain in that group for 2015 was in the frozen meat and seafood sector, which now represents abound 35 percent of the total cold chain logistics market, according to the report, "Global Cold Chain Monitoring Sales Market Report 2017." But growth in several other sectors is also helping to drive further expansion, such as increasing awareness about healthy nutrition that is boosting demand for dairy products. Other sectors forecast to show strong growth include bakery products and the pharmaceuticals and drugs sector, the report found.

Despite that rising demand, growth of the cold chain industry could be restricted by precise requirements for low variance in desired temperature ranges and by the high cost of cold chain system equipment installation, QY Research found. Shippers demand precise environmental parameters in cold chain logistics because variations in humidity, oxygen, or carbon dioxide can quickly harm fresh and perishable products, the report said. For example, different products require their own target temperatures to ensure their quality throughout the transport chain, such as bananas (55 degrees Fahrenheit), pharmaceuticals (35 to 46 degrees), chilled items (35 degrees), frozen products (-0.5 degrees), and deep frozen items (-20 degrees).

According to the report, major players in the global cold chain logistics market include: Crystal Logistic Cool Chain Ltd., SSI Schaefer Systems International, Inc., DHL International GmbH, Lineage Logistics Holdings LLC, Americold Logistics, Kloosterboer, AIT Worldwide Logistics Inc., Partner Logistics, X2 Group, Preferred Freezer Services, Nichirei Logistics Group Inc., Burris Logistics, BioStorage Technologies Inc., Best Cold Chain Co. Ltd., Agro Merchants Group LLC, CWT Ltd., Gruppo Marconi Logistica Integrata, JWD Group, NewColdCooperatief U.A., and OOCL Logistics.

Transportation Last Mile
KEYWORDS AIT Worldwide Logistics Americold Crystal Logistic Cool Chain DHL Kloosterboer Lineage Logistics Partner Logistics Preferred Freezer Services QY Research Groups SSI Schaefer X2
  • Related Articles

    Cold storage heavyweight Lineage Logistics lands another $1.7 billion

    UPS and FedEx expand pharmaceutical shipping channels to global market

    Lineage Logistics acquires Dutch cold storage firm

Recent Articles by DC Velocity Staff

A tree grows in Senegal

IoT vendors say industry needs better collaboration

Survey: only 55% of shippers filled their LTL trucks to full capacity in 2022

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Wireless technology could help electric trucks charge more safely, efficiently

  • Port of Oakland reports slow February container volumes as retail activity sputters

  • What’s shaping omnichannel fulfillment strategies?

  • Freight downcycle is closer to the end than the start, ACT says

  • WMS feels the squeeze

Now Playing on DCV-TV

ProMat 2023 DC Velocity Robotics Theater - KNAPP: Robotics: Applications and Technologies

DCV-TV 5: Solution Profiles

FEATURED WHITE PAPERS

  • Five tips for parcel success in 2023

  • Education Series: How, When and Why to Use XR Wearables in Your Industrial Business

  • The Future of Fleet Management: 5 Trends and Influences That Will Drive Logistics in 2023

  • The five best applications for robotic lift trucks in warehouse environments

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing