Growing inclination of consumers towards packed and frozen food products owing to changing lifestyle is anticipated to propel demand for cold chain technology. The technology is likely to offer advanced storage and transportation services for food and other sensitive products under controlled temperature. Increasing adoption of this technology among producers and distributers can control damage and wastage of products.
New Refrigerated Warehouse to Offer Storage Options to Retailers
Major product variants of cold chain are refrigerated transportation and refrigerated storage. In the coming years, refrigerated storage segment is projected to witness significant growth owing to the increasing number of retail outlets offering frozen or refrigerated foodstuffs. This is expected to impel demand for fully equipped storage and transportation facilities. To cater to rising demand, most companies are offering advanced refrigerated warehouse facilities to support producers and retailers of frozen food items.
For instance, Burris Logistics recently opened a public refrigerated warehouse near Atlanta. This new warehouse is likely to offer wide range of cold chain solutions for its clients. It is expected to be located in McDonough, which is around 30 miles from Atlanta. This location is predicted to support company’s clients dealing in refrigerated food products to reach 80% of population in United States within two days.
The global cold chain market is expected to attain a remarkable volume by 2021, according to a report on Radiant Insights, Inc. Growing adoption of frozen and packed food products among consumers owing to changing lifestyle can fuel market growth. Increasing use of advanced storage and transportation techniques among producers of food and other sensitive products can propel growth of the market in the coming years. Growing requirement for advanced logistics to execute import/export of vaccines or other medicines can spur growth of the market. Favorable government initiatives to support import/export of food and medicines is expected to influence market growth during the forecast period (2017 to 2021).
Some of the leading companies offering cold chain solutions are John Swire & Sons Ltd., Swift Transportation, Preferred Freezer Services, Lineage Logistics, LLC, and AmeriCold Logistics, LLC.
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