About Cold Chain Packing
Cold chain packing is a system of packaging and shipping goods maintaining a constant temperature from manufacture to final destination. Cold chain packing has become an integral part of supply chain management for transportation and storage of temperature-sensitive products. It includes different types of refrigerated containers, temperature monitors & integrators for managing product’s life period. The global cold chain packing market is expected to witness a significant growth during forecast period owing to increasing trade of perishable products.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.2% |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined synergies Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cold Chain Packing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Americold Logistics (United States), Preferred Freezer Services (United States), Lineage Logistics Holdings, LLC (United States), Nichirei Corporation (Japan), Sonoco ThermoSafe (United States), Cryopak Industries Inc. (United States), Burris Logistics (United States), Agro Merchants Group (Georgia), Kloosterboer Group B.V. (Netherlands), Interstate Cold (United States), Versacold Logistics (United States) and CCL Industries (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cold Chain Technologies, Inc. (United States), Dgp Intelsius Llc. (United States), Sealed Air Corporation (United States) and Swire Cold Storage (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Cold Chain Packing market by Type (Storage, Transportation and Monitoring Components), Application (Dairy & Frozen Desserts, Fish, Meat, and Seafood Products, Fruits & Vegetables, Bakery & Confectionery Products and Others) and Region.
On the basis of Type, Transportation are dominating the market in the year 2023 where as Storage stood as second largest market share.
On the basis of application, Dairy & Frozen Desserts segment is dominating the market in the year 2023 where as Fruits & Vegetables segment stood as second largest market .On the basis of geography, the market of Cold Chain Packing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Temperature, the sub-segment i.e. Chilled will boost the Cold Chain Packing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Expansion of Food Supply Chains Across the Globe
Market Growth Drivers:
Rising Food Safety and Quality Standards in Developed Countries and Growing Need for Temperature Control to Prevent Potential Health Hazards
Challenges:
Lack of Infrastructure Support and Standardization in Emerging Markets
Restraints:
High Energy & Initial Investment
Opportunities:
Government Support in Emerging Countries to Minimize Processed Food and Post-Harvest Wastage
Market Leaders and their expansionary development strategies
In September 2023, Cryopak (USA) partnered with The Kraft Heinz Company (USA) to develop sustainable and efficient cold chain packaging solutions for food and beverage products. This collaboration aims to reduce environmental impact and improve product quality.
In September 2023, Owens Corning (OC), a leading manufacturer of insulation materials, partnered with Sonoco ThermoSafe, a major Cold Chain Packaging company, to develop innovative sustainable packaging solutions for the life sciences industry.
The first aspect that U.S. industries consider when looking at a new market is the regulatory environment of the country. In particular, U.S. industry looks for a stable government with transparent policy making plus technical regulations, standards and procedures for assessment of conformity that are non-discriminatory and based on relevant internationally recognized best practices.
Key Target Audience
Refrigerated storage owners, Suppliers of cold chain equipment, Wholesalers, distributers and retailers of cold chain equipment, Food processing businesses, Logistics service providers and Warehousing agents
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.