Increase in the use of cold chain logistics and warehousing practices have led to the reduction in wastage of food and other perishable products.
Portland, OR -- (SBWIRE) -- 09/21/2017 -- Allied Market Research has recently published a report on the Cold Chain Logistics Market, which is an in-depth examination of the entire industry, for the period 2014–2022. The report is a comprehensive overview of the market, and examines the key driving factors, restraints, opportunities, and challenges faced by the market players engaged in the freight and logistics of cold chain products. It explains the different applications for cold chain logistics, whether it is processed food or drugs & pharmaceuticals. The report profiles the major players functioning in the industry, along with a close study of their logistic services and business strategies. The study also includes vital statistics, charts, tables, and figures to support the research findings and conclusions.
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The global cold chain logistics market report emphasizes the immense growth potential of the industry in the given time period. According to the study, the entire industry is expected to garner a total value of $426 billion by the year 2022. This value would be achieved with a projected CAGR of 16% during the period 2014–2022. The report focuses on the various segments of the market, based on source of applications. It explains how regulatory compliances and market demand is expected to influence the exponential progress of the logistics market.
Key findings of the Cold Chain Logistics Market Report:
- The fish and sea food market segment generated the highest revenue in 2015. It accounted for nearly 35% of the cold chain logistics market revenue, thus proving to be a highly lucrative segment.
- The drugs & pharmaceuticals segment is touted to project the fastest growth during the forecast period 2016–2022.
- A geographical analysis of the market revealed that Asia-Pacific contributed for the highest revenue in the global cold chain logistics market. This was followed closely by North America.
- Around 59% of the companies analyzed during research adopted mergers and acquisition as their strategies to gain competitive advantage.
The report enlists the profiles of the key industry players engaged in the cold chain logistics market. The business performances, operating business segments, key strategic moves and developments, and the marketing strategies of each player have been scrutinized in the report. The main companies mentioned in the study include names, such as Americold Logistics (U.S.), Lineage Logistics (U.S.), VersaCold Logistics Services (Canada), AGRO Merchants Group LLC (U.S.), and United States Cold Storage, Inc. (U.S.). The report consists of a detailed competitive analysis of the market scenario, along with the way each competitors influences the market dynamics.
The cold chain logistics market report focuses on the essential factors driving the growth of the market. The detailed competitive analysis provided in the report enables stakeholders assess the market landscape, along with a better understanding of the current and future trends. The significant investment pockets outlined in the report provide interested investors and business owners an in-depth insight into the market dynamics. New entrants wishing to venture into the market can get an accurate idea about the lucrativeness of each segment. The report offers more than just insights, with precise data and stats about probable income, production, and consumption values.