Overview – Report Global Cold Chain Monitoring Market
Cold Chain Monitoring is a system which is used to monitor and ensure the shelf life of frozen foods. As the market of frozen foods is increasing, cold chain monitoring is becoming an important aspect. Improper temperature control results in heavy loss of frozen foods during the supply chain process and Cold Chain Monitoring helps to monitor the overall process and improve the safety of food and pharmaceutical products.
As a business function of distribution services, cold chain services are force multipliers that create a world of opportunities for related trade and exports of goods. A cold chain can most readily be defined as a series of warehousing and distribution activities that is designed to ensure ideal storage and transportation conditions for temperature-sensitive products. Cold chain services also have the added benefit of improving quality of life for billions of people around the world and are in high demand, especially in less developed economies that suffer from malnutrition, high rates of food spoilage and chronic disease.
Market Research Future offers an extensive Market Research Report on “Global Cold Chain Monitoring Market” empowering you to browse through the full Market Analysis, Opportunities, Price, Growth, Trends and the market forecast up to the year 2022.
The report Global Cold Chain Monitoring Market comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. It gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. It also gives a broad study of the different markets segments and regions.
Key Players – Global Cold Chain Monitoring Market:
The prominent players in the market of Cold Chain Monitoring are- ORBCOMM (U.S.), NXP Semiconductors N.V. (Netherlands), Berlinger & Co. AG (Switzerland), Sensitech, Inc. (U.S.), NEC Corp. (Japan), Controlant EHF (Iceland), Infratab Inc. (U.S.), Monnit Corporation (U.S.), Zest Labs, Inc. (U.S.), Sensitech Inc. (U.S.) among others.
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Market Synopsis & Scenario – Global Cold Chain Monitoring Market:
Cold chain systems are crucial to the growth of global trade in perishable products and to the worldwide availability of food and health supplies. Each year, billions of tons of fresh food products and millions of dollars’ worth of export products are lost due to poor cold chain systems in developing markets. The World Economic Forum lists food crises as fourth on its top global risks of highest concern for the next 10 years. Globally, billions of dollars are spent on improving agricultural processes to create higher food yields, but the fact that nearly half of all food never makes it to a consumer’s plate is largely ignored. Global losses in the food industry total more than $750 billion annually. These losses primarily result from lack of proper facilities, improper food safety handling procedures and insufficient training for those personnel working in the cold chain. Additionally, over $260 billion of annual biopharma sales are dependent on cold chain logistics to ensure the efficacy of their products.
The major factor which is driving the market of Cold Chain Monitoring is growing frozen food industry and pharmaceutical industry. As the demand for frozen products are increasing, companies are deploying cold chain Monitoring system in their process in order to make the supply chain more efficient. Global Cold Chain Monitoring Market is expected to grow at US ~7 billion by the end of forecast period with CAGR of ~10% during 2016 to 2022.
Regional Analysis – Global Cold Chain Monitoring Market:
North America is dominating the market of Cold Chain Monitoring due to the growth of frozen food industry and high expenditure and these foods. High standard of living and high consumption of meat products is driving the market in North America.
Asia-Pacific has emerged as fastest growing market and also stands as second biggest market for the Cold Chain Monitoring market due to the growing chemical industry. China stands as one of the biggest market of chemicals and pharmaceutical which is giving Asia-Pacific a competitive advantage.
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- Logistics Company
- Pharmaceutical Distributors
- Food processing units
- Government organizations
- Sensor Manufacturers & Distributors
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