Cold Chain Market Scope
A cold chain is referred to as a temperature-controlled supply chain. An unbroken cold chain is an uninterrupted series of storage as well as distribution activities which maintain a given temperature range. A cold chain is used to help ensure and extend the shelf life of products such as fresh agricultural produce, seafood, photographic film, frozen food, chemicals, and pharmaceutical drugs. Growing production of perishables across the globe is one of the major drivers supporting the growth of the market.
According to AMA, the Global Cold Chain market is expected to see growth rate of 11.5%
The market is moderately fragmented owing to the presence of several players within the industry. Some of the major players are continuously focusing on the technological advancements to offer advanced cold storage infrastructure to the end-users. Some of the major players are adopting some organic and inorganic strategies such as merger, acquisition, and expansion, among others to gain leading share within the market. There are numerous opportunities are emerging within the cold chain industry, thus, the threat of new entrants is expected to low. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Cold Chain market throughout the predicted period.
Americold Logistics (United States), Lineage Logistics (United States), AGRO Merchants Group (Netherlands), Nichirei Logistics Group, Inc. (Japan), Kloosbeheer B.V. (Netherlands), NewCold Advanced Cold Logistics (Netherlands), VersaCold Logistics Services (Canada), Interstate Warehousing, Inc. (United States), Frialsa Frigorificos S.A. De C.V. (Mexico), Cloverleaf Cold Storage Co. (United States), Emergent Cold Storage (Canada) and Henningsen Cold Storage Co. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Burris Logistics (United States), Gruppo Marconi Logistica Integrata (Italy), Congebec Logistics, Inc. (Canada), Hanson Logistics, Inc. (United States), Conestoga Cold Storage (United States), Oxford Logistics Group (Canada), Zero Mountain, Inc. (United States), Agri-Norcold A/S (Denmark), Montague Cold Storage Pty Ltd. (Australia), Bring Frigo (Sweden), Confederation Freezers (Canada) and Friozem Armazens Frigorificos Ltda. (Brazil).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cold Chain market by Type (Refrigerated Storage and Refrigerated Transport {Refrigerated Trucks, Refrigerated Railway Wagons, Refrigerated Cargo Containers}) and Region with country level break-up.
On the basis of geography, the market of Cold Chain 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).
Market Leaders and their expansionary development strategies
On 16 April 2019, Americold Realty Trust, a leading cold chain company has announced that the Company has entered into a definitive agreement to acquire privately-held Chiller Holdco, LLC. This acquisition is expected to enhance the Company’s position as the leading global owner and operator of temperature-controlled infrastructure while expanding relationships with existing high quality customers. Upon closing, Americold’s portfolio will consist of over one billion refrigerated cubic feet, which provides the Company with greater density and diversification to better service its customers. and On 22 Aug 2019, Emergent Cold (“Emergent”), the world’s fastest growing cold chain solutions company, announced today its acquisition of New Orleans Cold Storage (“NOCS”). The acquisition marks Emergent’s entry into the United States and lays the foundation to build out a comprehensive network of regional distribution and import/export port facilities across North America.
On 18 Sept 2019, Lineage Logistics, LLC, a foremost cold chain player announced as part of its global expansion efforts that it has acquired two facilities from Van Soest Coldstores (“Van Soest”), a Netherlands-based organization specializing in the storage and transfer of cooled and deep-frozen food products. The acquisition will add more than 10MM cubic feet and more than 300,000 square feet of storage capacity to Lineage’s portfolio after current expansions are completed, bringing Lineage’s total European cold storage capacity to nearly 200MM cubic feet across 23 facilities in England, Scotland, Belgium and the Netherlands. and On 19 July 2019, NewCold, the deep-frozen storage and logistics specialists, have recently introduced a fully-automated handling solution which, says the company, sets new standards in maintaining temperature integrity and efficiency in the cold chain.
Market Trend
- Companies Are Shifting To ‘Power Saving’ Mode
- Automation in Cold Storage
- Product Quality and Sensitivity Are In the Spotlight
Market Drivers
- Growing Production of Perishables across the Globe
- Increase in Preservation of Convenience Food Products Due to Modernization
- Growing Consumer Demand for Perishable Foods
- Growth of International Trade Due to Trade Liberalization
- Increasing Need for Temperature Control to Prevent Potential Health Hazards
Opportunities
- Growing Demand for Organized Retail
- Government Support for Infrastructure Development to Reduce Post-Harvest & Processed Food Wastage
- Increasing Foreign Direct Investments in Emerging Markets
Restraints
- High Energy & Infrastructure Costs
- Environmental Concerns Regarding GHG Emissions
Challenges
- Lack of Infrastructural Support in Emerging Markets and of Skilled Resources in Developed Markets
Key Target Audience
Cold Chain Key Stakeholders, Food Producers, Food Processors, Regulatory & Government Bodies, Retailers, End Users and Others