Rising demand for temperature-controlled supply chain in food & beverage industries and rising need to reduce food wastage globally are key factors driving market revenue growth
The global cold chain monitoring market size is expected to reach USD 12.95 Billion in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for temperature-controlled supply chains in food & beverages industries. Increasing demand for cold chain business is driving the need for better monitoring solutions. Absence of monitoring solutions could result in reducing product effectiveness, especially for drugs and pharmaceutical products, or even pose a risk to life. Rising need to ensure safety and quality of products is boosting utilization of cold chain monitoring solutions where products are kept under prescribed temperature requirements.
The latest market intelligence report, titled ‘Global Cold Chain Monitoring Market’, is intended to provide the target audience with the necessary information about the global Cold Chain Monitoring industry.
Inability to control or monitor temperature across the global food supply chain is contributing significantly to increasing food waste. Rising concerns regarding food security, safety, and integrity is resulting in rising focus and on improvement of inefficiencies in the cold chain. These factors are driving growth of the cold chain monitoring market to a significant extent. Changing dietary habits of consumers and improving living standards are resulting in shifting preference towards processed and packaged foods and products. Food processing companies are increasingly adopting cold chain monitoring solutions to meet rapidly rising demand for processed foods as these products require accurate temperature-controlled storage facilities to prevent spoilage and food waste as a result.
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Major players in the Cold Chain Monitoring market include ORBCOMM, Sensitech Inc., Berlinger & Co. AG, Monnit, Controlant, ELPRO-BUCHS AG, Veridify Security, Savi Technology, Zest Labs, Inc., and Infratab, Inc.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Cold Chain Monitoring market players.
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The research study presents an industry-wide summary of the Cold Chain Monitoring market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Cold Chain Monitoring7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Cold Chain Monitoring market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Emergen Research has segmented the global cold chain monitoring market on the basis of offering, logistics, application, and region:
- Offering Outlook (Revenue, USD Billion; 2018–2028)
- RFID Devices
- Networking Devices
- Sensors & Data Loggers
- Telematics & Telemetry Devices
- Logistics Outlook (Revenue, USD Billion; 2018–2028)
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Food & Beverages
- Pharmaceuticals & Healthcare
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The Cold Chain Monitoring industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Cold Chain Monitoring market? What is the anticipated market valuation of the Cold Chain Monitoring industry by 2027?
- What are the key growth driving and restraining factors of the Cold Chain Monitoring market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Cold Chain Monitoring industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Take a look “Table of Content Cold Chain Monitoring market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Cold Chain Monitoring Market Segmentation & Impact Analysis
4.1. Cold Chain Monitoring Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Rising need to reduce food wastage
126.96.36.199. Favorable government initiatives
188.8.131.52. Increasing demand for enhanced food quality
184.108.40.206. Rising demand for temperature-sensitive drugs
220.127.116.11. Increasing need for reduced operational costs
4.2.3. Market restraints analysis
18.104.22.168. High cost of cold chain monitoring systems
22.214.171.124. Chances of equipment malfunction or breakdown
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Cold Chain Monitoring Market By Offering Insights & Trends, Revenue (USD Billion)
5.1. Offering Dynamics & Market Share, 2021 & 2028
126.96.36.199. RFID Devices
188.8.131.52. Networking Devices
184.108.40.206. Sensors & Data Loggers
220.127.116.11. Telematics & Telemetry Devices
Chapter 6. Cold Chain Monitoring Market By Logistics Insights & Trends, Revenue (USD Billion)
6.1. Logistics Dynamics & Market Share, 2021 & 2028
Chapter 7. Cold Chain Monitoring Market By Application Insights & Trends Revenue (USD Billion)
7.1. Application Dynamics & Market Share, 2021 & 2028
7.1.1. Food & Beverages
7.1.2. Pharmaceuticals & Healthcare
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Eric Lee Corporate Sales Specialist Emergen Research | Web: www.emergenresearch.com Direct Line: +1 (604) 757-9756 E-mail: email@example.com Facebook | LinkdIn | Twitter | Blogs
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
Facebook | LinkdIn | Twitter | Blogs