Cold Chain Market Demand and Development Ideas, Growth Insight, Global Trends, Industry Share, Size by Country, Key Comp

"According to the latest research report published by The Insight Partners, titled ""Cold Chain Market- to 2027-COVID-19 Impact and Forecast and Global Analysis"",

Europe Cold Chain market is anticipated to account highest CAGR during the forecast period

The growth of the European cold chain market is attributed to the shifting consumer behavior toward packaged foods as well as the growth in e-commerce, along with advancement in technology. The majority of the European companies have adopted automation in their cold storage warehouses at a higher pace compared to the North American companies. Further, the Western Europe region plays a noteworthy role in bolstering the European cold chain market.

The European cold chain market is moderately competitive and fragmented, with the presence of several small players specialized in only warehousing and transport. As the demand for integrated supply chain solutions is rapidly increasing, vendors in the region are seeking for unified solutions rather than merely focusing on transportation and warehousing as a stand-alone service. Further, retailers are concentrating on integrated logistics for their complete procurement. Third-party logistics providers located in Eastern Europe are developing their infrastructure through networking the hubs as well as distribution centers. Therefore, the cold chain transportation providers are adopting a proactive approach with customer-centric service instead of merely offering storage services or independent transportation.

Key findings of the study:

In 2017, the Russian government passed new regulations concerning the transposition and storage of medicines in the country. Since then, the Russian pharmaceutical companies ensure that their operations are harmonized with these requirements, which have been following the US and EU standards. Further, the Russian pharmaceutical industry is anticipated to witness exponential growth during the next five years, which is expected to boost the cold chain market. Also, by 2028, Russia is targeting on exporting 52 million tons of FB items to China, signifying requirement for extensive cold chain operations. Moreover, the demand for frozen food in the country is growing.

Cold Chain Market – By Offering