Select Language
The latest report by IMARC Group, titled “Asia Pacific Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the cold chain market in Asia Pacific size reached US$ 128.2 Billion in 2021. A cold chain includes a low temperature-controlled supply chain that assists in managing the temperature of perishable products effectively. It involves the storage and distribution of temperature-sensitive products in a streamlined manner. They ensure safety, efficacy and quality from the point of origin via the distribution chain to the final consumer. There has been a considerable rise in the requirement of refrigerated warehouses and transport due to the rising contract manufacturing of various pharmaceuticals across numerous countries across the Asia Pacific region.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Asia Pacific Cold Chain Market Trends:
The market in the Asia Pacific region is majorly driven by the rising demand for perishable items. With the rising population in the region and the increasing concerns over food safety, there has been a significant rise in the demand for fresh and frozen food products, including fruits, dairy, vegetables, meat and seafood, among the masses, thereby creating a positive outlook for the market. This is further supported by the inflating disposable income levels of the masses and their shifting dietary preferences. Moreover, the growing demand for temperature-sensitive healthcare products, including biopharmaceuticals, vaccines and clinical trial materials, has created a positive outlook for the cold chain market in the Asia Pacific. The market is further driven by the numerous initiatives undertaken by the governments of multiple countries for the improvement of cold chain infrastructure. They are also heavily investing the expanding the capacity of the systems and integrating advanced technologies with the cold chain facilities. For instance, these systems are increasingly deployed with biometrics, automated material handling equipment, temperature controlling sensors and GPS tracking systems for easy monitoring and maintenance of the facilities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 290.1 Billion by 2027, exhibiting a CAGR of 14.2% during 2022-2027.
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com