Global Cold Chain Market is projected to reach USD 611.65 billion at a CAGR 13.3%

The Global Cold Chain Market is projected to reach USD 611.65 billion by 2028, at a CAGR of 13.3% during the forecast period. Cold chain refers to the logistics and supply chain used to transport and store goods, which require maintenance at low temperatures. A cold chain is a kind of supply chain, which is temperature-controlled and involves storage and logistics of temperature-sensitive perishable foods.

Key Developments:
• In January 2018, The Global Lighting and Energy Access Partnership (Global Leap) unveiled the off-grid cold chain challenge (OGCCC), an initiative which aims to identify the world’s best and most efficient and innovative cold chain technologies to further accelerate the development of the commercial market for these technologies.
• In April 2018, Sharp, a part of UDG Healthcare PLC, announced an investment of USD 11 million in its cold storage and syringe assembly activities to increase its capacity in response to the growing market demand.
• In May 2019, UK based logistics’ company called Apetito have acquired new Volvo FH Tractors to use for their cold chain supply. The new additions can cover 200,000 km a year.

Companies Covered: Americold Logistics, Preferred Freezer Services, Burris Logistics, Lineage Logistics Holdings LLC, Nichirei Corporation, Swire Cold Storage Ltd, AGRO Merchants Group, Cloverleaf Cold Storage, Kloosterboer, Al RaiLogistica K.S.C, Henningsen Cold Storage Co., Interstate Cold Storage Inc., and Versacold Logistics Services…

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