Global Cold Chain Equipment Market Will Reach Usd 118.0 Billion by 2020: Zion Market Research

Published By:Zion Market Research

Global Cold Chain Equipment Market Set for Rapid Growth,
To Reach Around USD 118.0 Billion by 2020

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Cold Chain Equipment Market

Zion Market Research has published a new report titled “Cold Chain Equipment (Storage and
Transport) Market for Meat, Fish & Seafood, Dairy & Frozen Desserts, Vegetables & Fruits,
Bakery & Confectionary and Others End-Uses: Global Industry Perspective, Comprehensive
Analysis and Forecast, 2014 - 2020.” According to the report, global demand for cold chain
equipment market was valued at USD 67.0 billion in 2014 is expected to reach USD 118.0 billion
in 2020 and is anticipated to grow at a CAGR of 9.8% between 2015 and 2020.
Cold chain is an unbroken supply chain which exclusively serves storage and distribution
facilities with a temperature-controlled range to extend and to help ensure the shelf life of
products like vaccines, drugs and chemicals. In cold chain process, the cold chain equipment is a
vital entity of the supply chain. The cold chain equipment and vaccine carriers ensure the safety,
efficiency or quality of the products distributed/transported.
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Cold Chain Equipment Market
The global cold chain market is primarily driven by increased need to reduce food wastage
across the globe. Secondly, rapid growth of frozen food segment is expected to drive the cold
chain equipment market. However, high installation cost coupled with stringent government
policies and regulation is expected to hinder the growth of cold chain equipment market.
Nonetheless, increased demand of food in emerging countries is likely to open new avenues for
cold chain equipment market in near future....