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Cold Chain Market Worth US$234.49 billion by 2020

Providers focusing on adopting new technologies; cold chain viewed as a business opportunity in the next five years.

Providers focusing on adopting new technologies; cold chain viewed as a business opportunity in the next five years.
Providers focusing on adopting new technologies; cold chain viewed as a business opportunity in the next five years.

Editors note: For years, speakers at pharmaceutical and biologic conferences have often pointed to the importance of looking outside of their respective industries in addressing manufacturing and/or packaging challenges. This article is published in that spirit.

The report, "Cold Chain Marketby Type (Refrigerated Storage, Transport), Temperature Range (Chilled, Frozen), Technology (Air Blown, Eutectic), Application (Fruits & Vegetables, Bakery & Confectionery, Dairy, Meat, Fish & Seafood), & by Region – Global Forecast to 2020," estimated the market value was US$167.24 billion in 2015, and is projected to grow at a Compound Annual Growth Rate of 7% from 2015 to 2020, to reach a value of US$234.49 billion.

The cold chain in the food and beverages industry has been in demand owing to the growth in international trade for perishable food products, changing consumer preferences, and government initiatives for cold chain infrastructure development.

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