Skip to main content

Refrigerated Transport Market Reveals Demand, Industry Dynamics and Forecast to 2026

Preservation and protection of food, drugs, and medical supplies have made refrigerated transport an essential part of the supply chain. Food items such as seafood, frozen food, fruits, meat, fish, and dairy products require specific temperature and conditions to prevent decay and maintain the high quality expected by consumers. These items thus require refrigerated transportation. Products such as meat and dairy have a low shelf life and need effective cold storage and transportation across the distribution chain. Advancements in technology and high focus on innovation has enhanced the efficiency of refrigerated transportation for safety of food, reduced food wastage and energy consumption, and minimal environmental impacts.


Rising demand for frozen food throughout the globe is a major factor driving growth of the market for refrigerated transport. Increasing technological advancements and globalization have boosted the demand for cold chain transportation and distribution techniques for perishable commodities requiring controlled temperatures. This in turn, has surged demand for refrigerated transport, to ensure sustained quality of delivered commodities. However, lack of efficient transport infrastructure to deal with various environmental changes and lack of low skilled resources in emerging economies pose as major restraints for growth of the global refrigerated transport market.
Among technology, the vapor compression systems segment is growing at a rapid pace, owing to the wide usage of these systems globally. Vehicle alternator unit is a type of vapor compression system, which is used in small refrigerated delivery vans. The refrigerated transport used via road, consists of LCV ranging up to 7 tons, MHCV ranging up to 16 tons, and HCV above 16 tons.

Refrigerated Transport Market Outlook:
Asia Pacific is expected to be the fastest growing market over the forecast period. Growing confectionary and bakery industry has surged demand for refrigerated transport in the region. Rapid economic growth in emerging economies of the region, characterized by growing number of women in the workforce has in turn resulted in increasing demand for convenience food and also chilled and frozen products. Furthermore, increasing spending power and growing inclination of the populace towards exotic food has resulted in growing imports in these economies. This in turn fuels growth of the refrigerated transport market. In 2016, China imported 544,943 metric tons and Japan imported 387,712 metric tons of pork from the U.S.

North America and Europe hold the dominant market share for refrigerated transport and this trend is expected to be maintained throughout the forecast period. Increasing demand for convenience foods in the region, along with stringent government regulation imposed on food quality are factors driving growth of the refrigerated transport market in these regions. Moreover, increasing food wastage has further augmented the demand for refrigerated transport in the region.


Nestlé, Tyson Foods, Inc., the Kraft Heinz Company, General Mills Inc., Smithfield Foods., Kellogg Corporation., ConAgra Foods Inc, Inc., Kerry Group, Del Monte Pacific Ltd (DMPL), United Technologies Corporation, Daikin Industries, Ingersoll Rand Inc., and ARYZTA AG are some of the major players in the refrigerated transport market.

Comments

Post a Comment

Popular posts from this blog

Top Technologies Shaping Future of Cybersecurity!!

The threat of Cyber attacks are growing day by day across the world hence led big concern on  Cybersecurity. Cyber security includes- Application security, Information security, Network security, Disaster recovery/business continuity planning, Operational security and End-user education Types of cybersecurity threats: Ransomware  Malware  Social engineering Phishing  Artificial Intilligence and Blockchain are the Technologies that will help the cybersecurity to boost. AI-based attacks that will operate completely independently, adapt, make decisions on their own and more.  Blockchains are moving from the realm of just fueling cryptocurrencies like Bitcoin to providing smart contracts, identity management, and multiple ways of proving integrity of data. They may also hold the key to defending against IoT attacks.
Post a Comment
Read more

Transit Cards Market to Witness Enhanced Growth During 2018-2026

A transit card is a train, bus or metros pass or ticket that provides users the access to transportation services, either as part of a specific number of pre-purchased trips or boundless trips within a limited timeframe. Growing population and urbanization in emerging economies worldwide is increasing the demand for mobility. According to Population Reference Bureau Organization, in 2016, 7,418 million people accounted for the global population up from 7,336 million in 2015. For sample copy, download PDF @ https://www.coherentmarketinsights.com/insight/request-pdf/663 This increasing population has in turn increased demand for public transportation services in various countries worldwide. Public transportation has turned into the most favored method of transportation for individuals to avoid traffic congestion and air pollution. Travelling by trains, bus, and metros is generally more convenient, comfortable, and cost-effective. Public transport frameworks utilize modern ticketing...
Post a Comment
Read more

Nanotech Sensor! Latest Update You Need To Know

Nanotech Sensor Scientists have developed a nanotech sensor that can turns molecular fingerprints into bar codes, according to a study published on June 7, 2018.  This study was conducted by the scientists at the EPFL’s School of Engineering and at Australian National University (ANU). Until now, infrared spectroscopy was the commonly used method to detect and analyze organic compounds. However, it required complicated procedures and large, expensive instruments, which made device miniaturization challenging. This led to the discovery of a compact and sensitive nanophotonic system that can identify a molecule’s absorption characteristics without using conventional spectrometry. Source :  https://www.coherentnews.com/scientists-develop-nanotech-sensor-that-turns-molecular-fingerprints-into-bar-codes/
Post a Comment
Read more