A recent report published by MarketsandMarkets forecasts a significant global cold chain market growth in the next five years. This report mainly focuses on refrigerated storage and transportation, defining and categorizing the market, as well as analyzing and projecting market size and value.
MarketsandMarkets expects the global cold chain market to reach more than $233 billion by 2019, at a compound annual growth rate (CAGR) of 15.6% from 2014 to 2019.
Several factors contribute to this predicted growth. There is a higher consumer demand for fresh food, the majority of which needs to stay chilled. In order to keep pace with a growing need for delivering and storing goods, the cold chain market has seen many technological advances, providing more flexibility and better accuracy. This will in turn keep the growth steady while keeping up with it.
With a cold chain industry that’s not slowing down, it’s important to choose a 3PL frozen food provider that can keep up – while still maintaining a strict protocol for food safety. Hanson Logistics leverages 60 years of experience as the 13th largest PRW and multi-modal transportation expertise to set the pace in 3PL temperature-controlled food logistics. Give us a call…we’re just getting started.