Global cold chain market to grow by 15.94% by 2018

The analysts of Research and Markets forecast that the Global Cold Chain market would grow at a CAGR of 15.94% over the period 2013-2018. One of the key factors contributing to this market growth is the increasing need to reduce food wastage.

The Global Cold Chain market has also been witnessing the increasing demand for cold chain logistics in emerging economies. However, the high real estate and energy costs could pose a challenge to the growth of this market.

Key vendors dominating this space include AmeriCold Logistics, Millard Refrigerated Services, Preferred Freezer Services, Swire Cold Storage, and Tribona.
Other vendors mentioned in the report are AB Oxford Cold Storage, Burris Logistics, Cloverleaf Cold Storage, Conestoga Cold Storage, Congebec , Dev Bhumi Cold Chain, Fresh and Healthy Enterprises, Gati Kwe , Hanson Logistics, Henningsen Cold Storage, Interstate Cold Storage, Lineage Logistics Holdings, Nichirei Logistics Group, Nordic Cold Storage, Ryder System, Snowman Logistics, and Trenton Cold Storage.

Commenting on the report, an analyst from the team said: “Several cold chain service providers have recently started to offer end to end integrated services to the end-users in the Global Cold Chain market. They are currently providing cold chain management services to the customers and participating in their decision making processes. Numerous service providers offer end to end cold chain management services such as inventory management, order scheduling, order forecasting, warehousing, and delivery management. Disaster recovery services are also offered by vendors, which will enable customers to track consignments and help them communicate with the entire supply chain. Some vendors are also providing training sessions for everyone involved in the cold chain. Therefore, the increasing provision of end to end integrated services by vendors is another trend that is expected to impact the Global Cold Chain market during the forecast period.”