Growing demand for temperature controlled supply chain in food and beverage industries and growing need to reduce food waste globally
VANCOUVER, BC, CANADA, March 5, 2022 /EINPresswire.com/ — The global cold chain monitoring market size is expected to reach USD 12.95 billion in 2028 and register a stable revenue CAGR in over the forecast period, according to the latest analysis from Emergen Research. The steady growth in market revenue can be attributed to the growing demand for temperature-controlled supply chains in the food and beverage industries. The growing demand for cold chain related activities drives the need for better monitoring solutions. The lack of monitoring solutions could result in reduced product efficacy, especially for drugs and pharmaceuticals, and even pose a life-threatening risk. The growing need to ensure product safety and quality is driving the use of cold chain monitoring solutions where products are kept below prescribed temperature requirements.
The report studies the impact of COVID-19 pandemic on the Cold Chain Monitoring market and its crucial segments. Supply chain disruptions and economic instability have negatively impacted the market growth in several key regions. The report offers an in-depth analysis of the market size, market share and growth and its estimation over the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the current and future impact of the pandemic and provides insight into the post-pandemic market scenario.
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The report offers a comprehensive analysis of the global cold chain monitoring market on a global and regional scale and offers an 8-year market forecast. The report provides extensive coverage of market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging market trends. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial status, and global standing. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government agreements, licensing agreements, etc.
Some highlights of the report
• In December 2020, ORBCOMM, which is a global IoT solutions provider, announced that it is ready to support its transport customers in the global distribution of the COVID-19 vaccine by offering its state-of-the-art cold chain telematics solutions Of the industry. ORBCOMM’s IoT solutions provide end-to-end tracking, monitoring and control of refrigerated trailers, shipping containers and dry vans across the rail, road and sea supply chain.
• The hardware segment accounted for the largest share of revenue in 2020. The increasing use of advanced hardware to increase the efficiency of cold chain monitoring systems is expected to continue driving the revenue growth of this segment.
• Storage segment revenue is expected to grow at a rapid CAGR during the forecast period. The advent of more sensitive products such as biologics, which require proper packaging with monitoring solutions, has led to an increasing demand for cold chain storage facilities with advanced monitoring technologies.
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Leading companies profiled in the Cold Chain Monitoring report include:
ORBCOMM, Sensitech Inc., Berlinger & Co. AG, Monnit, Controlant, ELPRO-BUCHS AG, Veridify Security, Savi Technology, Zest Labs, Inc. and Infratab, Inc.
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The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
Emergen Research has segmented the global cold chain monitoring market based on supply, logistics, application, and region:
• Supply Outlook (Revenue, USD Billion; 2018-2028)
1. RFID devices
2. Networking Devices
3. Sensors and data loggers
4. Telematics and telemetry devices
2. On site
• Logistics Outlook (Revenue, USD Billion; 2018-2028)
• Application Outlook (Revenue, USD Billion; 2018-2028)
o Food and drinks
o Pharmacy & Health
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Regional analysis includes an in-depth study of key geographic regions to better understand the market and provide accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Regional analysis covers analysis of key market segments, including Revenue, CAGR, Import/Export, Supply & Demand Report, Production & Consumption Report, Analysis of the industrial chain and market dynamics in each region of the geographies.
Chapter 1: Market Overview and Scope
Chapter 2: Market Outlook
Chapter 3: Impact analysis of the COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limits
Chapter 6: Major manufacturers in the industry
Chapter 7: Regional Analysis
Chapter 8: Market segmentation based on type and applications
Chapter 9: Current and Future Trends
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