Global Cold Chain Monitoring Market research report published by Emergen Research describes in detail the vital aspects of the Cold Chain Monitoring market on a global and regional level. The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimation, and major companies operating in the market.
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 report covers the impact of the pandemic on the Cold Chain Monitoring industry with a special focus on the affected key segments of the industry. According to our analysts, the market is expected to regain momentum in a post-COVID-19 scenario. The global Cold Chain Monitoring market is expected to reach USD 12.95 billion in 2028 at a CAGR of 12.3% from its valuation of USD 5.14 billion in 2020. The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the Cold Chain Monitoring industry.
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Moreover, rise of effectiveness and popularity of generic drugs, biologics, and processed and frozen food items respectively is boosting utilization of cold chain monitoring solutions in order to increase supply chain efficiency. 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.
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 global Cold Chain Monitoring research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
ORBCOMM, Sensitech Inc., Berlinger & Co. AG, Monnit, Controlant, ELPRO-BUCHS AG, Veridify Security, Savi Technology, Zest Labs, Inc., and Infratab, Inc.
The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
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ort studies the market in these regions on the basis of demand and trends, consumer behavior and preferences, government initiatives and regulatory framework, economic growth, technological developments, supply and demand, production and consumption patterns, import/export, and presence of key players in each region.
Key Regions Analyzed in the Report:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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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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Table of Content
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
220.127.116.11. Rising need to reduce food wastage
18.104.22.168. Favorable government initiatives
22.214.171.124. Increasing demand for enhanced food quality
126.96.36.199. Rising demand for temperature-sensitive drugs
188.8.131.52. Increasing need for reduced operational costs
4.2.3. Market restraints analysis
184.108.40.206. High cost of cold chain monitoring systems
220.127.116.11. 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
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