Dublin, Jan. 15, 2024 (GLOBE NEWSWIRE) -- The "Cold Chain Storage and Logistics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
The Global Cold Chain Storage and Logistics Market was valued at USD 263.27 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 15.19% through 2028.
The global market faces a significant challenge related to market fragmentation and the lack of standardization. The industry comprises a diverse range of stakeholders, including cold storage facility operators, transportation providers, technology vendors, and regulatory bodies, each with its own set of practices, standards, and technologies. This fragmentation can lead to inefficiencies, interoperability issues, and difficulties in establishing universal best practices.
In many cases, the lack of standardization results in incompatible technologies and data formats among different components of the cold chain. For example, temperature monitoring devices from various manufacturers may use different communication protocols or data reporting formats. This lack of uniformity can hinder seamless integration and data sharing across the entire cold chain network, limiting the efficiency and responsiveness of the system.
The absence of standardized practices also extends to regulatory requirements. Different regions and countries may have varying regulations and guidelines for cold chain operations, creating a complex landscape for companies operating on a global scale. Adhering to diverse regulatory frameworks demands additional efforts and resources, contributing to operational complexities.
Addressing market fragmentation and the lack of standardization requires collaborative efforts from industry stakeholders, including governments, trade organizations, and technology providers. Establishing universal standards for temperature monitoring, data exchange, and regulatory compliance can enhance interoperability and streamline operations throughout the cold chain.
Regulatory bodies can play a crucial role in harmonizing standards and guidelines, fostering international cooperation to create a more consistent regulatory environment. Industry associations and alliances may also facilitate the development of best practices and guidelines that promote standardization across the global Cold Chain Storage and Logistics market.
Moreover, technology providers should collaborate to develop interoperable solutions that can seamlessly integrate with different components of the cold chain. Open standards and protocols can facilitate communication and data exchange among diverse technologies, enhancing the overall reliability and efficiency of the cold chain.
By addressing market fragmentation and promoting standardization, the global Cold Chain Storage and Logistics market can overcome operational challenges, improve interoperability, and achieve a higher level of efficiency in the transportation and storage of temperature-sensitive products. This, in turn, contributes to the industry's ability to meet the increasing demand for perishable goods and pharmaceuticals in an interconnected global market.
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Cold Chain Storage and Logistics Market Outlook
6. North America Cold Chain Storage and Logistics Market Outlook
7. Europe Cold Chain Storage and Logistics Market Outlook
8. Asia-Pacific Cold Chain Storage and Logistics Market Outlook
9. South America Cold Chain Storage and Logistics Market Outlook
10. Middle East and Africa Cold Chain Storage and Logistics Market Outlook
11. Market Dynamics
12. Market Trends & Developments
13. Company Profiles
13.1. Lineage, Inc.
13.2. Nichirei Logistics Group Inc.
13.3. Americold Logistics LLC
13.4. Cloverleaf Cold Storage
13.5. Swire Cold Storage Ltd.
13.6. Interstate Cold Storage Inc.
13.7. Congebec Logistics Inc.
13.8. Snowman Logistics Ltd.
13.9. Agro Merchants Group
13.10. Burris Logistics Inc.
For more information about this report visit https://www.researchandmarkets.com/r/4x9uz1
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