(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Cold Chain Logistics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cold Chain Logistics Market products.
Download Sample of This Strategic Report:
Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
Global Cold Chain Logistics Market is estimated to reach $386 billion by 2024; growing at a CAGR of 14.0% between 2016 and 2024. Cold chain logistics involves refrigeration, storage, transportation and distribution of perishable products or temperature-sensitive products. The development of concept and technology for controlling the temperature of perishable products has been well-established over the years. The products that can be transported by cold chain logistics include frozen foods, meat products, pharmaceutical drugs & vaccines and dairy products, among others. Transportation of temperature-sensitive products can be done through several means which includes air cargo, refrigerated truck, railcars and cargo ships. Depending on the type of product and its destination, a product may be transported through one or more types of facilities. Additionally, there has been growing number of delivery services owing to the rise of E-commerce for fresh foods and grocery sales.
Growing import & export opportunities for drugs & vaccines and rising organized retail & food service industry are boosting the growth of the global cold chain logistics market. Additionally, increasing export demand for processed & frozen food along with rising popularity of multi-temperature refrigerator vehicles are also supporting the growth of the market. Nevertheless, third party logistics, express delivery service provider and exemptions on taxes on several items may provide market opportunities in forecast period
The global cold chain logistics market is categorized on the basis of end-use industry and geography. By end-use industry, the market is segmented into bakery & confectionary, fruits & vegetables, dairy & frozen desserts, fish & sea food, drugs & pharmaceuticals, meat and others.
The global cold chain logistics market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers Germany, U.K., France, Italy and others. Asia-Pacific covers China, India, Japan, South Korea, Australia and others. RoW covers South America, Middle East and Africa.
Download Sample of This Strategic Report:
The major market players include FedEx Corporation, Burris Logistics, World Courier, Nichirei Logistics Group Inc., Nordic Logistics, DHL International GmbH, AGRO Merchants Group, Continental Air Cargo, C & M Cold Stores Ltd., and Warehousing, LLC. and VPA Logistics, among others.
The key takeaways from the report:
The report will provide detailed analysis of Cold Chain Logistics Market with respect to major segment such as end-use industry
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Cold Chain Logistics Market has been included in the report
Profile of the key players of the Cold Chain Logistics Market, will be provided, which include key financials, product & services, new developments and business strategies
Request For Full Report:
Scope of Cold Chain Logistics Market:
End-Use Industry Segments
Bakery & Confectionary
Fruits & Vegetables
Dairy & Frozen Desserts
Fish & Sea Food
Drugs & Pharmaceuticals
Meat
Others
Geography Segments
North America
US
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Others
Asia-Pacific
China
India
Japan
South Korea
Australia
Others
RoW
South America
Middle East
Africa
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Kenneth Research
Email :
Phone: +1 313 462 0609
James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
MENAFN22092021004545010068ID1102841006
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.