30 May 2019: Cold chain is a system used for the transportation and management of temperature sensitive products through thermal and refrigerated methods of packaging. It is also known as a temperature-controlled supply chain. There are several ways in which temperature-controlled supply chain products are transported such as refrigerated trucks, railcars, refrigerated ships, and air cargo. This technology is dependent on physical means for preserving suitable conditions of temperature.
Processed Food Application Segment to Contribute Substantial Demand to the Market
The major application variants of market include dairy products, fruit pulp and concentrates, fruits and vegetables, pharmaceuticals, meat and seafood, fish, bakery and confectionary, processed food, and others (poultry, ready-to-cook). The processed food sector is the largest application segment and anticipated to maintain its dominance over the forthcoming period on account of developments in packaging materials to increase the shelf life of foods, which will surge the demand for processed food segment in the years to come.
Processed food segment is followed by pharmaceutical segment that is propelled by strict governing rules such as goods distribution practices (GDP) in the European Union (EU). These rules are observed for standardizing the process across the globe for improved transportation systems for healthcare-associated products.
Market insights:
Temperature controlled supply chain service providers are continually improving their technologies to stay ahead of the competition and to ensure integrity, safety, and efficiency. Suppliers have accepted Critical Control Points and Hazard Analysis (HACCP) and RFID technologies to develop effectiveness with a reduced size of shipments. Furthermore, they are growing their multi-compartment refrigerated vehicle fleets to offer additional services to customers.
Leading players operating in the cold chain market include Henningsen Cold Storage; Agro Merchant Group; Cloverleaf Cold Storage; Preferred Freezer Services, LLC; Nordic Logistics and Warehousing, LLC; Cry pack Industries, Inc.; Cold Chain Technologies, Inc.; Cold Box Express, Inc; and Creo pack. These key manufacturers also emphasize on numerous other business strategies, such as product developments, partnerships, technical collaborations, agreements, and capacity expansions to support their market place.
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