Analysts foresee five years of growth ahead for global cold chain market

Research and Markets has added the Global Cold Chain Market 2014-2018 report to its offerings.
Analysts forecast the global cold chain market to grow at a compound annual growth rate of 15.94% over the 2013-2018 period. One of the key factors contributing to this market growth is the increasing need to reduce food waste.
The global cold chain market has also been witnessing the increasing demand for cold chain logistics in emerging economies. However, high real estate and energy costs could pose a challenge to the growth of this market.
Key vendors dominating this space include AmeriCold Logistics LLC, Millard Refrigerated Services Inc, Preferred Freezer Services LLC, Swire Cold Storage Pty Ltd, and Tribona ASA.
Other vendors mentioned in the report are A B Oxford Cold Storage Pty Ltd, Burris Logistics Inc, Cloverleaf Cold Storage Co Inc, Conestoga Cold Storage Ltd, Congebec Inc, Dev Bhumi Cold Chain Ltd, Fresh and Healthy Enterprises Ltd, Gati Kwe Ltd, Hanson Logistics, Henningsen Cold Storage Co, Interstate Cold Storage Inc, Lineage Logistics Holdings LLC, Nichirei Logistics Group Inc, Nordic Cold Storage LLC, Ryder System Inc, Snowman Logistics Ltd, and Trenton Cold Storage Inc.
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 expected to impact the global cold chain market during the forecast period.”
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