Cold Chain Market research is provided on all the vital factors such as consumer needs and trends those will create significant impact on the present and future market situations. Cold Chain Market report will help buyer to minimize the decision associated risks and to create results driven business strategies.
The report starts with terms and definitions associated with Cold Chain market. It slowly advances towards the past situations and their analysis. This analysis along with current situations provides necessary base to understand how market have evolved and achieved growth.
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Next part of the Cold Chain market report focuses on the key vendors operating in this industry categorized based on their focus on regions, product segments, product portfolio, organizational development etc. The report provides such analysis of
- AmeriCold Logistics
- Lineage Logistics
- Preferred Freezer Services
- Swift Transportation
- John Swire & Sons and many more.
- Lineage Logistics
The year-over-year growth pattern is also discussed in depth. Similarly, the report also presents analysis of Cold Chain Market Ecosystem, Characteristics, Segmentations by geography as well as by product and applications. Regional comparison between the major regions viz. Americas, APAC, EMEA are also explained which point outs the leading countries or regions.
Further report provides attention to the present Cold Chain market drivers, challenges, trends, and opportunities along with their impact on the market which are decisive parameters for product and business strategies.
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Cold Chain Market driver
One driver in market is rise in trade of frozen food and sea food products. The demand for seafood continues to increase globally, and the significant population growth in China, India, and Brazil constitutes an important demand driver in the frozen fish and seafood industry. Increased demand for seafood has led to a rise in its imports and exports among countries, which require cold storage and transportation. China and Norway were the largest exporters of seafood in 2015. China’s exports amounted to $20 billion and Norway exported $10 billion worth of seafood products. While China exported to almost all countries, Norway’s exports were mostly to European nations. Fresh salmon constituted most Norway’s fish and seafood exports. We estimate that China’s exports will grow at a CAGR of 15.68% over the forecast period. The European Union (EU) was the largest importer of seafood, importing worth $26 billion. In seafood imports, the EU was followed by the US and Japan, in which the US imported products worth $19 billion in 2015.
Cold Chain Market challenge
one challenge in market is high cost of diesel and fuel maintenance. Use of diesel fuel is harmful to the environment as it releases black soot that contaminates the air particles and the surroundings. The cost of diesel fuel is also a major concern for refrigerated truck manufacturers. On an average, diesel power refrigeration unit consumes about 3.5 to 4.5 liters of diesel, per hour, costing approximately $1.00 -$1.50 per liter. An average input of 3,000 hours in a year, the cost of fuel for a conventional refrigeration unit will cost $12,000. The maintenance cost of refrigeration units is also expensive due to the complexity of the unit. On an average, the maintenance cost of refrigerated trucks will be $6,500 in a year. Though many vendors in the market have shifted to alternative and cost-effective methods, such as nitrogen systems, most the vendors are still highly dependent on diesel fuel. Nitrogen systems used by many refrigeration transport units cost upwards of $8,000 per year, and almost 55%-60% of the maintenance costs gets reduced.
Cold Chain Market trend
One trend in market is provision for end-to-end integrated services. Several cold chain service providers have recently started to offer end-to-end integrated services to end-users in the global refrigerated warehousing market. They are providing cold chain management services to customers and participating in their decision-making processes. Many service providers offer end-to-end cold chain management services like inventory management, order scheduling, order forecasting, warehousing, and delivery management. Disaster recovery services that enable customers to track consignments and help them communicate with the entire supply chain are also offered by vendors. In addition, some vendors provide training sessions for all the personnel involved in the cold chain logistics. Thus, the increase in the provision of end-to-end integrated services by vendors is another trend that is expected to have an impact on the global cold chain market during the forecast period
Cold Chain Market report also includes five forces analysis and SWOT analysis which are effective to analyse the market situations and to know your competitive advantage over other players. It is also well-known tool used to analyze and improve the weakness in your business to achieve both stronger and profitable market position in the Cold Chain market.
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Long story short, Cold Chain Market report fulfill need of detailed and actionable Cold Chain market data on each vital parameter to make informed decisions.