Sun. Feb 16th, 2020

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Global Cold Chain Monitoring Market to Witness Significant Revenue Growth Through 2019-2029

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Cold Chain Monitoring Market

Cold Chain Monitoring Market

The ‘Cold Chain Monitoring market’ study, collated by researchers at Persistence Market Research, is a detailed sketch of the market growth, along with key dynamics shaping the growth. The report also offers actionable insights into the market share, market size, market taxonomy, and competitive dashboard along with statistics, diagrams, & charts for better understanding and comprehension.

Cold chain monitoring is a supply chain monitoring/logistics solution that helps in effective tracking of perishable products, food items, pharmaceutical and health care with assured freshness. Monitoring and efficient management depends on the hardware and software selected for monitoring. Increased awareness of preserving foods and beverages in supply chain/logistics drives the cold chain monitoring market. Cold chain monitoring is commonly used in food, agriculture and pharmaceutical industries to maintain sustainable temperature-controlled supply chain. It plays a vital role by providing monitoring solutions and increases performance with the help of real-time data about the storage and distribution network in various applications. Effective monitoring in pharmaceutical and health care sectors reduces wastage and increases shelf life and effectiveness of drugs. Continuous monitoring of the cold chain is essential to ensure quality and integrity of vaccines, medicines, and other active ingredients. Whether in hospitals, pharmacies or care homes, temperature spikes during storage of medicines are a problem and can directly affect their lifespan and effectiveness.

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Effective monitoring is required not only to regulate temperature, but also to record data seamlessly. High inspections and strict guidelines demand a validated solution for temperature monitoring (GDP – Good Distribution Practice).

GMP (Good Manufacturing Practice) and GDP (Good Distribution Practice) regulations are provisions governing medicines. It is essential to not only to regulate the temperature, but also to record it without fail. Food crises and awareness of reducing food wastage are factors expected to spur growth of the cold chain monitoring market. Rising awareness of these factors also offers environment betterment as an added benefit.

The illiberal regulatory environment in North America and Europe drives the adoption of cold chain monitoring to aid solving health care and pharmaceutical problems. Increased cognizance for quality food and demand in the food industry to incorporate solutions in the supply chain have immense potential in monitoring. These key benefits drive the cold chain monitoring market in the Asia Pacific region, which is expected to show high growth rate in the coming future. Awareness of quality products in foods and beverages, rapid urbanization, and a high amount of population depending on medications foster growth for the cold chain monitoring market in Asia Pacific.

Global Cold Chain Monitoring Market: Segmentation

The cold chain monitoring market is segmented as follows:

By component hardwarethe cold chain monitoring market is segmented as:

  • RFID Devices
  • Data Loggers & Sensors
  • Telemetry & Telematics

By type, the cold chain monitoring market is segmented as:

  • Transport
  • Refrigerated Storage

By temperature typethe cold chain monitoring market is segmented as:

  • Frozen
  • Chilled

By technology, the cold chain monitoring market is segmented as:

  • Air blown
  • Eutectic

By application, the cold chain monitoring market is segmented as:

  • Dairy
  • Vegetables
  • Meat, Fish & Sea Food
  • Pharmaceutical Medicines
  • Fruits
  • Bakery & Confectionery

By logisticsthe cold chain monitoring market is segmented as:

  • Transportation
  • Storage
  • Applications

Global Cold Chain Monitoring Market: Key Trends and Drivers

Data loggers are essential in supply chain monitoring for food and beverage industries in order to increase effective monitoring in the logistics/supply chain, which drives growth for the cold chain monitoring market. Increased awareness of quality food and rapid urbanization drive the cold chain monitoring market. Storage inspections are beneficial to increase the life span of medication. Monitoring the stockroom for pharmaceutical industries and increased usage of medication are two major drivers for the cold chain monitoring market. Strict regulatory environment in the pharmaceutical industry and effective usage of medicines and drugs and increased number of care homes and hospitals are forecasted to drive the cold chain monitoring market. Growing health consciousness and increasing cognizance to decrease the wastage of food are also expected to drive the cold chain monitoring market over the forecast period.

Global Cold Chain Monitoring Market: Market Participants

Examples of some of the market participants identified across the value chain include, Preferred Freezer Services, Americold Logistics, Lineage Logistics Holding LLC, Burris Logistics, and Nichirei Logistics Group Inc. Other players include Cloverleaf Cold Storage, AGRO Merchants Group, LLC, Swire Cold Storage Ltd, Kloosterboer Group, and Interstate Cold Storage Inc.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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