#Cold Chain Packaging Industry Size
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Cold Chain Packaging Market: Global Industry Analysis and Forecast 2023 – 2030
The Global Market for Cold Chain Packaging Estimated at USD 27130 Million In the Year 2022, Is Projected To Reach A Revised Size Of USD 115100 Million By 2030, Growing At A CAGR Of 19.90% Over The Forecast Period 2022-2030.
The Cold Chain Packaging Market is a critical segment within the broader packaging industry, primarily focused on preserving and maintaining the integrity of temperature-sensitive products during transportation and storage. This market plays a pivotal role in supporting industries such as pharmaceuticals, food and beverages, and healthcare, where the maintenance of specific temperature conditions is essential for product efficacy and safety. With the increasing globalization of supply chains and the growing demand for perishable goods, the cold chain packaging market has witnessed significant growth in recent years.
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Leading players involved in the Cold Chain Packaging Market include:
Cold Chain Technologies (U.S.), Peli BioThermal (U.S.), Orora Group (Australia), Sonoco ThermoSafe (U.S.), CREOPACK (Canada), Sofrigam (France), Intelsius (U.K.), Nordic Cold Chain Solutions (U.S.), Tempack (Spain), Cryopak (U.S.), Softbox Systems (U.K.), Sealed Air Corporation (U.S.) And Other Major Players
Market Driver:
One of the key drivers propelling the Cold Chain Packaging Market is the surge in demand for biopharmaceuticals and specialty drugs. As pharmaceutical companies continue to develop advanced and temperature-sensitive medications, the need for reliable and efficient cold chain packaging solutions becomes paramount. These intricate drugs often require strict temperature control to ensure their effectiveness and safety, creating a demand for innovative packaging solutions equipped with temperature-monitoring technologies. The increasing prevalence of chronic diseases and the expansion of the pharmaceutical sector further accentuate the importance of a robust cold chain packaging infrastructure.
Market Opportunity:
An emerging opportunity in the Cold Chain Packaging Market lies in the integration of sustainable and eco-friendly packaging materials and practices. As environmental concerns gain prominence across industries, there is a growing demand for packaging solutions that minimize carbon footprint and reduce waste. Manufacturers in the cold chain packaging sector have the chance to capitalize on this trend by developing and promoting packaging solutions that are not only effective in temperature control but also environmentally friendly. Innovations in recyclable materials and energy-efficient packaging technologies represent a significant market opportunity, aligning with the broader global shift towards sustainable practices.
The latest research on the Cold Chain Packaging market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Cold Chain Packaging industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Cold Chain Packaging market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Segmentation of Cold Chain Packaging Market:
By Product Type
EPS Containers
PUR Containers
Pallet Shippers
Vacuum Insulated Panels
Others
By Application
Food
Dairy
Pharmaceutical
Others
Market Segment by Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
What to Expect in Our Report?
(1) A complete section of the Cold Chain Packaging market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Cold Chain Packaging market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Cold Chain Packaging market.
(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Cold Chain Packaging market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusion of the research study provided in the Cold Chain Packaging Market report.
Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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#Cold Chain Packaging#Cold Chain Packaging Market#Cold Chain Packaging Market Size#Cold Chain Packaging Market Share#Cold Chain Packaging Market Growth#Cold Chain Packaging Market Trend#Cold Chain Packaging Market segment#Cold Chain Packaging Market Opportunity#Cold Chain Packaging Market Analysis 2023#US Cold Chain Packaging Market#Cold Chain Packaging Market Forecast#Cold Chain Packaging Industry#Cold Chain Packaging Industry Size#china Cold Chain Packaging Market#UK Cold Chain Packaging Market
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The Rise of Nigeria's Third-Party Logistics (3PL) Industry: Trends and Opportunities
As Africa’s largest economy and a gateway to the continent, Nigeria is experiencing a surge in demand for efficient supply chain solutions. The third-party logistics (3PL) industry has become a cornerstone of the country's growing economy, facilitating seamless transportation, warehousing, and distribution for businesses across diverse sectors. This blog explores the key trends, market dynamics, and growth opportunities shaping Nigeria's 3PL industry.
Market Overview: Nigeria's Growing 3PL Industry
The Nigeria third-party logistics (3PL) market is projected to reach USD 7.28 billion in 2024 and is anticipated to grow to USD 11.19 billion by 2029, registering a CAGR of 8.98% during the forecast period (2024–2029).
The Nigeria 3PL market is expanding rapidly, fueled by the increasing need for cost-effective and scalable logistics solutions. As businesses in sectors such as retail, e-commerce, manufacturing, and agriculture grow, the demand for professional logistics services is on the rise.
Additionally, the Nigerian government’s efforts to improve infrastructure, streamline customs processes, and encourage trade are further boosting the 3PL market.
Key Drivers of Growth
E-Commerce Boom: With the rapid growth of e-commerce in Nigeria, 3PL providers play a crucial role in last-mile delivery, helping online retailers meet consumer demand for fast and reliable shipping.
Urbanization and Population Growth: Nigeria’s urbanization and expanding middle class are driving demand for better distribution networks to supply goods efficiently to densely populated areas.
Infrastructure Development: Ongoing investments in roads, ports, and railways are creating new opportunities for logistics providers to enhance connectivity and reduce delivery times.
Rising Global Trade: As Nigeria strengthens its position as a regional trade hub, 3PL companies are stepping in to manage complex supply chains for international and domestic businesses.
Trends Shaping the Market
Technology Integration: From GPS tracking to warehouse management systems, Nigerian 3PL providers are adopting digital tools to improve efficiency and customer satisfaction.
Specialized Logistics Solutions: The market is witnessing a rise in niche services such as cold chain logistics for perishable goods, tailored solutions for e-commerce, and dedicated transportation for high-value items.
Sustainability Practices: Environmental concerns are prompting 3PL companies to adopt green logistics practices, including energy-efficient transportation and eco-friendly packaging.
Collaborative Models: Partnerships between local 3PL providers and global logistics giants are enhancing capabilities and expanding service offerings.
Challenges in the Market
Infrastructure Gaps: Despite improvements, poor road conditions and inadequate storage facilities in some regions remain hurdles for logistics providers.
Regulatory Hurdles: Complex and sometimes inconsistent regulations can slow down the movement of goods and increase operational costs.
Security Concerns: Issues like cargo theft and insecurity in certain areas add risks to logistics operations.
Skilled Workforce Shortages: The industry faces a lack of skilled professionals needed to manage advanced logistics operations and technology.
Opportunities in the Nigeria 3PL Market
Growth of SMEs: Small and medium-sized enterprises (SMEs) are increasingly outsourcing logistics to focus on scaling their operations, creating demand for cost-effective 3PL solutions.
Regional Expansion: The African Continental Free Trade Area (AfCFTA) agreement is opening up opportunities for Nigerian 3PL providers to expand regionally and tap into new markets.
Investment in Technology: Companies that invest in automation and advanced logistics technology are likely to gain a competitive edge in the evolving market.
Development of Multimodal Transport: Leveraging multiple modes of transport—road, rail, air, and sea—can significantly enhance efficiency and reduce costs.
Future Outlook
The Nigeria third-party logistics market is poised for sustained growth as the country continues to embrace modernization and digitalization. With its strategic location, growing economy, and increasing trade volumes, Nigeria is set to become a logistics hub for West Africa. Businesses that adapt to market trends and invest in innovative solutions will be well-positioned to thrive in this dynamic industry.
Conclusion
The 3PL industry in Nigeria is evolving rapidly, presenting immense opportunities for growth and innovation. By addressing challenges and leveraging advancements in technology and infrastructure, logistics providers can play a pivotal role in shaping Nigeria’s economic future.
For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/nigeria-3pl-market
#third party logistics market#third party logistics market size#third party logistics market share#third party logistics market report
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U.K. Bath Bomb And Cold Pressed Soaps Market to witness highest growth owing to rising demand for organic bath and personal care products
The U.K. bath bomb and cold pressed soap market produces a variety of bathing and skin cleansing products including bath bombs, bath melts, bath fizzies and cold pressed soaps made from natural ingredients. Bath bombs and cold pressed soaps have gained popularity due to their moisturizing and aromatic properties that help relax muscles and calm the mind. They are made from biodegradable ingredients and do not contain any harsh chemicals, dyes or silicones.
The U.K. Bath Bomb And Cold Pressed Soaps Market is estimated to be valued at US$ 350 million in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031. Key Takeaways
Key players operating in the U.K. Bath Bomb And Cold Pressed Soaps are Lush, The Body Shop, Village Naturals, Oliver Rocket, Betty Bombs, and Soapie. They offer a variety of delicately scented bath and beauty products suited for different skin and hair types. The U.K. Bath Bomb And Cold Pressed Soaps Market Demand for organic bath and personal care products is rising rapidly in the U.K. due to increasing health awareness and focus on self-care during pandemic times. Consumers are looking for products made from natural ingredients that nourish and moisturize the skin without causing any harm. Technological advancements have led to new formulations that allow bath bombs and cold pressed soaps to remain fresh for longer durations. Companies are coming up with innovative shapes, designs and ingredients to engage more customers. Market Trends
Farm-to-table production: More manufacturers are sourcing ingredients directly from farms to convey transparency about sourcing and environmental footprint. Customization and personalization: Consumers want unique products tailored to individual needs and preferences. Companies are offering options to customize size, shape and fragrance of products. Sustainability focus: Eco-friendly packaging using materials like paper, bioplastics is gaining traction. FSC certified and zero-waste production processes are also becoming prominent. Market Opportunities
Developing vegan and cruelty-free products to cater to wider consumer base. Launching subscription and auto-delivery plans for recurring customers. Entering emerging overseas markets through online retail channels. Partnering with spas, salons and wellness centers to boost commercial sales. Impact of COVID-19 on U.K. Bath Bomb And Cold Pressed Soaps Market Growth The COVID-19 pandemic has significantly impacted the U.K. Bath Bomb And Cold Pressed Soaps Market News. During the initial lockdown period in 2020, the demand declined sharply as people stayed indoors. However, with work from home and social distancing becoming a new norm, personal care gained more importance. Consumers focused on self-care and stress relief activities like bathing. This drove them to explore new bath and body products. Online sales picked up significantly as people avoided visiting stores. Major retailers and brands promoted their products on e-commerce platforms with attractive offers. Gradually, as lockdowns eased, demand from salons and spas also revived. However, supply chain disruptions affected manufacturers initially. Raw material procurement was disturbed due to restrictions on import/export. Local sourcing helped overcome this issue to some extent in the post-lockdown period. Get more insights on, U.K. Bath Bomb and Cold Pressed Soaps Market
Explore More Related Article On- Slimming Cream Market
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#coherent market insights#Luxury Bath Products#Organic Ingredients#Essential Oils#Eco-Friendly Packaging#Bath Bomb Innovations
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Gel Ice Packs
Gel ice packs are durable, reusable cooling solutions ideal for temperature-sensitive shipping in industries like pharmaceuticals, food, and medicine. They maintain consistent cold, reducing spoilage and ensuring product integrity during transport. Lightweight and leak-resistant, gel ice packs are cost-effective and suitable for various packaging sizes, supporting reliable, efficient cold-chain logistics. https://amsdryice.com/gel-packs
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Global High Fat Powder Market Analysis 2024: Size Forecast and Growth Prospects
The high fat powder global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
High Fat Powder Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The high fat powder market size has grown strongly in recent years. It will grow from $81.87 billion in 2023 to $88.50 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to rising preference for rich and indulgent flavors, rising plant-based products, rising prevalence of obesity, rising confectionary products, rising consumption of processed foods, increased food and beverages, and rising meat consumption.
The high fat powder market size is expected to see strong growth in the next few years. It will grow to $121.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing ready-to-eat products, increasing dietary products, increasing plant-based high fat powder, increasing diabetes, increasing vegan products, increasing food and beverages, increasing dietary supplements, and growing demand for convenience foods. Major trends in the forecast period include product innovation, improved packaging technologies, development of cold chain capacities, innovative fat-powder formulations, and advancements in processed food technologies.
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Scope Of High Fat Powder Market The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
High Fat Powder Market Overview
Market Drivers - The growing demand for convenience foods is expected to propel the growth of the high fat powder market going forward. Convenience foods are pre-packaged or pre-prepared foods designed for quick and easy consumption with minimal preparation time and are typically ready-to-eat or require simple steps such as heating or mixing, catering to busy lifestyles. The demand for convenience foods is growing due to shifting lifestyles, increased urbanization, and a preference for quick and easy meal solutions. High-fat powders are utilized in convenience foods to enhance texture, flavor, and nutritional content, catering to ketogenic diets and portable meal solutions. For instance, in March 2024, the Bank of Ayudhya Public Company Limited, a Thailand-based commercial banking company, reported that the domestic market for Thai-made ready-to-eat food is expected to grow by 3.0-4.0% annually from 2024 to 2026. Additionally, in 2022, the ready-to-eat food industry had a total domestic and export sales volume of 482.4 thousand tons, with a value of USD 2.0 billion. Therefore, the growing demand for convenience foods drives the high fat powder market.
Market Trends - Major companies operating in the high fat powder market are focusing on developing innovative products such as high-fat cocoa powders to meet the rising demand for healthier, indulgent options in the food and beverage industry. High-fat cocoa powders refer to cocoa powders that contain a higher percentage of cocoa butter compared to regular cocoa powders. For instance, in April 2024, Barry Callebaut, a Switzerland-based chocolate and cocoa manufacturer, launched its latest cocoa powder, MALEO, in the Asia-Pacific region. The standard 10/12 MALEO range provides a deep brown color that improves the visual appeal of any cocoa-based creation, as well as a richer and more chocolatey flavor that offers a stronger and longer-lasting cocoa sensation. The high-fat 22/24 MALEO powder provides a creamier mouthfeel, enhancing texture and enjoyment, while also absorbing less water to ensure better consistency in applications. Using the MALEO cocoa powders allows for up to a 20 percent reduction in powder usage, leading to cost savings.
The high fat powder market covered in this report is segmented –
1) By Type: Coconut Milk Powder, Cream Powder, Butter Powder, Other Types 2) By Distribution Channel: Hypermarkets Or Supermarkets, Specialty Stores, Online Sales Channel, Business To Business 3) By Application: Household, Commercial, Industrial
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Regional Insights - North America was the largest region in the high fat powder market in 2023. The regions covered in the high fat powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the high fat powder market are BASF SE, FrieslandCampina Kievit, Fonterra Co-Operative Group Limited, Arla Foods Group, International Flavors and Fragrances Inc., Barry Callebaut AG, Kerry Group plc, HOCHDORF Group, Mokate S.A., Batory Foods, Corman SA, FutureCeuticals, Lactalis Group, Kanegrade Limited, All American Foods, Aarkay Food Products Ltd, MEGGLE GmbH, Iprona SpA , NutraDry, Alpen Food Group, Castle Dairy
Table of Contents 1. Executive Summary 2. High Fat Powder Market Report Structure 3. High Fat Powder Market Trends And Strategies 4. High Fat Powder Market – Macro Economic Scenario 5. High Fat Powder Market Size And Growth ….. 27. High Fat Powder Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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Choosing the Right Agency for Packing Materials: A Comprehensive Guide
In today’s fast-paced market, the right packing materials can make or break a product's success. Whether you're in the food service industry, retail, or manufacturing, the choice of packing materials like cling film, round plastic containers, plastic square containers, and plastic sauce dip containers is crucial. Partnering with the right agency can streamline your supply chain, enhance your branding, and ultimately lead to customer satisfaction. In this blog, we'll explore what to consider when selecting an agency specializing in packing materials.
Understanding Your Needs
Before reaching out to potential agencies, it's essential to assess your specific needs. Different industries require different types of packing materials. For instance, food service businesses often need containers that not only protect their products but also comply with health regulations. Therefore, your first step should be to determine:
Type of Products: What kind of items will you be packing? Will they be hot, cold, liquid, or solid?
Regulatory Requirements: Are there specific health and safety regulations your packaging needs to comply with?
Volume: How much product do you need to package? This will influence the size and quantity of your materials.
Sustainability Goals: Are you looking for eco-friendly options? Many consumers now prefer brands that prioritize sustainability.
Quality of Materials
The quality of packing materials can significantly impact your product's presentation and safety. Inquire about the materials the agency uses. Are they food-grade? Do they meet international standards? A good agency should be willing to provide samples so you can evaluate the quality before making a commitment.
Customization Options
Every business has unique branding needs. Look for an agency that offers customization options, whether it's for the size, shape, or design of the containers. Custom packaging not only protects your product but also serves as a marketing tool that enhances your brand visibility.
Supply Chain Management
An efficient supply chain is vital for timely deliveries and overall business success. The right agency should have a robust logistics system in place. Ask about their inventory management practices, shipping methods, and lead times. A reliable agency will be transparent about their processes and will keep you informed every step of the way.
Sustainability Practices
With increasing consumer awareness about environmental issues, sustainable packaging is becoming more important. Investigate whether the agency offers eco-friendly materials, such as biodegradable cling film or recyclable plastic containers. Partnering with a company that prioritizes sustainability can enhance your brand's reputation and appeal to environmentally-conscious consumers.
Communication and Customer Service
Effective communication is essential in any business relationship. When evaluating potential agencies, pay attention to their responsiveness and willingness to answer your questions. A good agency should be proactive in addressing any concerns and should provide support throughout the packaging process.
Pricing and Contracts
While cost shouldn't be the only factor in your decision, it is certainly an important consideration. Obtain quotes from several agencies and compare them, but be wary of prices that seem too good to be true. Sometimes, lower costs can result from inferior materials or subpar service.
When you find an agency you’re interested in, carefully review their contract terms. Make sure to understand their pricing structure, any additional fees, and the terms of service. This will help you avoid surprises down the line and ensure that you’re making a sound investment.
Building a Long-Term Partnership
Finally, think about the potential for a long-term partnership. As your business grows and evolves, having a reliable packing materials agency can be invaluable. Look for an agency that is willing to adapt to your changing needs and grow alongside your business.
Conclusion
Choosing the right agency for packing materials like cling film, round plastic containers, plastic square containers, and sauce dip containers is a critical decision that can influence your product’s success. By understanding your needs, researching potential agencies, and evaluating them based on expertise, quality, customization options, supply chain efficiency, sustainability practices, communication, pricing, and long-term potential, you can make an informed choice. Remember, the right partnership can enhance your brand and ensure that your products reach customers in optimal condition.
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Cold Chain Logistics in India: The Backbone of Perishable Supply Chains
Market Size and Growth Projection
The India Cold Chain Logistics Market is projected to grow from an estimated USD 11.64 billion in 2024 to USD 18.19 billion by 2029, representing a robust CAGR of 9.72% over the forecast period (2024-2029).
Market Overview
The cold chain logistics industry in India is witnessing significant growth, driven by the rising demand for temperature-sensitive products, including pharmaceuticals, perishable food items, and other goods requiring controlled environments. The expansion of the food and beverage sector, along with increased investments in infrastructure, is further enhancing the market landscape.
Key Trends
Technological Advancements: Adoption of IoT and AI for real-time monitoring and management of cold chain processes is improving efficiency and reducing waste.
Growing E-commerce: The rise of online grocery shopping and food delivery services is fueling demand for effective cold chain solutions, particularly in urban areas.
Regulatory Support: The Indian government is increasingly focusing on developing the cold chain infrastructure, offering incentives to enhance logistics efficiency and reduce spoilage.
Sustainability Initiatives: Companies are prioritizing eco-friendly practices, such as using energy-efficient refrigeration systems and sustainable packaging materials, to minimize their environmental impact.
Expansion of Warehousing Facilities: Increased investment in refrigerated storage facilities is addressing the growing demand for perishable goods and ensuring product quality throughout the supply chain.
Challenges
Infrastructure Gaps: Despite progress, inadequate cold storage facilities in rural and semi-urban areas pose a significant challenge to the efficient distribution of perishable goods.
High Operational Costs: The cost of maintaining cold chain logistics can be substantial, impacting profitability for many businesses.
Skill Shortage: There is a lack of trained professionals who can effectively manage cold chain operations, leading to inefficiencies.
Regulatory Compliance: Navigating complex regulations and standards can be challenging for companies, particularly smaller players.
Conclusion
The India Cold Chain Logistics Market is on an upward trajectory, fueled by growing demand for temperature-sensitive products and advancements in technology. While challenges such as infrastructure gaps and high operational costs remain, the overall outlook is promising. Companies that embrace innovation and sustainability will be well-positioned to thrive in this dynamic sector.
#India Cold Chain Logistics market#India Cold Chain Logistics market size#India Cold Chain Logistics market share#India Cold Chain Logistics market trends#India Cold Chain Logistics industry
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Protein Ingredients Market Business Analysis, Recent Development And Forecast, 2030
The global protein ingredients market size was valued at USD 77.69 billion in 2022 and is expected to grow at a revenue-based compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.
The market is gaining momentum and witnessing a high demand owing to rising demand for food products, such as margarine, cold cuts, bakery products, spreads, yogurt, and milk sausages, which are produced using protein ingredients. Increasing consumption of these products among health-conscious and elderly consumers is also fueling the industry’s growth. Moreover, a rise in the innovation of several proteins by various manufacturers that constitute a wide range of amino acids and perform specific functions, including satiety, muscle repair, weight loss, and energy balance, is expected to present immense growth opportunities for the market.
The industry has witnessed a considerable increase in the consumption of animal-based products in the recent past. Animal protein is expected to witness further growth over the next few years in the U.S. Momentous demand for these products derived from animal sources in the domestic market is expected to ascend the product demand. The supply chain initiatives undertaken by the ingredient manufacturing companies to strengthen the distribution of products are further expected to drive the market over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Protein Ingredients Market
Protein Ingredients Market Report Highlights
• By product, plant proteins are expected to witness the fastest growth over the forecast period owing to the increased use of protein ingredients in food and beverages. Increasing use of plant proteins in a wide range of applications, including manufacturing of fertilizers, paper coatings, and printing inks, is creating lucrative growth opportunities for the segment
• Animal/dairy proteins held the largest revenue share of over 78.94% in 2022 owing to the growing adoption of these products in developed markets. Whey protein is expected to witness significant growth over the forecast period as it is largely popular among fitness-savvy consumers
• North America dominated the market with more than 33.56% share of the global revenue in 2022 owing to the high demand from the U.S. food and beverages sector. Consumer markets developing in Asia Pacific are growing at a high pace due to a rise in disposable income and changing lifestyle, resulting in significant growth of the regional market
• The Middle East and Africa is expected to exhibit a revenue-based CAGR of 9.6% from 2021 to 2028. This is attributed to supportive government policies as well as improved economic indicators, which have resulted in the increased availability of packaged foods amongst the urban and rural population
Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.
• The global fermented ingredients market size was valued at USD 35.3 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 11.1% from 2024 to 2030.
• The global milk protein market size was estimated at USD 6.63 billion in 2023 and is projected to grow at a CAGR of 3.2% from 2024 to 2030.
Protein Ingredients Market Segmentation
Grand View Research has segmented the protein ingredients market based on product, application, and region:
Protein Ingredients Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
• Plant Proteins
o Cereals
o Wheat
o Wheat Protein Concentrates
o Wheat Protein Isolates
o Textured Wheat Protein
o Hydrolyzed Wheat Protein
o HMEC/HMMA Wheat Protein
o Rice
o Rice Protein Isolates
o Rice Protein Concentrates
o Hydrolyzed Rice Protein
o Others
o Oats
o Oat Protein Concentrates
o Oat Protein Isolates
o Hydrolyzed Oat Protein
o Others
o Legumes
o Soy
o Soy Protein Concentrates
o Soy Protein Isolates
o Textured Soy Protein
o Hydrolyzed Soy Protein
o HMEC/HMMA Soy Protein
o Pea
o Pea Protein Concentrates
o Pea Protein Isolates
o Textured Pea Protein
o Hydrolyzed Pea Protein
o HMEC/HMMA Pea Protein
o Lupine
o Chickpea
o Others
o Roots
o Potato
o Potato Protein Concentrate
o Potato Protein Isolate
o Maca
o Others
o Ancient Grains
o Ancient Wheat
o Quinoa
o Sorghum
o Amaranth
o Chia
o Millet
o Others
o Nuts & Seeds
o Canola
o Canola Protein Isolates
o Hydrolyzed Canola Protein
o Others
o Almond
o Flaxseeds
o Others
o Animal/Dairy Proteins
o Egg Protein
o Milk Protein Concentrates/Isolates
o Whey Protein Concentrates
o Whey Protein Hydrolysates
o Whey Protein Isolates
o Gelatin
o Casein/Caseinates
o Collagen Peptides
o Microbe-based Protein
o Algae
o Bacteria
o Yeast
o Fungi
o Insect Protein
o Coleoptera
o Lepidoptera
o Hymenoptera
o Orthoptera
o Hemiptera
o Diptera
o Others
Order a free sample PDF of the Protein Ingredients Market Intelligence Study, published by Grand View Research.
#Protein Ingredients Market#Protein Ingredients Market size#Protein Ingredients Market share#Protein Ingredients Market analysis#Protein Ingredients Industry
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Healthcare Cold Chain Monitoring Market Opportunity and New Demand Analysis by 2032
Healthcare cold chain monitoring is essential for maintaining the integrity and efficacy of temperature-sensitive medical products, including vaccines, biologics, and pharmaceuticals. The cold chain refers to the temperature-controlled supply chain that safeguards these products from production to delivery. Effective cold chain monitoring ensures that these products are stored and transported within specified temperature ranges, minimizing the risk of spoilage and maintaining their therapeutic effectiveness. With the growing emphasis on patient safety and regulatory compliance, the need for robust cold chain monitoring solutions is more critical than ever in the healthcare sector.
The Healthcare Cold Chain Monitoring Market Size was valued at USD 2.29 billion in 2023 and is expected to reach USD 5.68 billion by 2032 and grow at a CAGR of 10.64% over the forecast period 2024-2032.
Future Scope
The future of healthcare cold chain monitoring is poised for significant advancements driven by technological innovations and increasing regulatory demands. The integration of Internet of Things (IoT) devices, advanced sensors, and real-time data analytics will enhance monitoring capabilities, providing stakeholders with actionable insights and alerts on temperature fluctuations. Furthermore, the adoption of blockchain technology is expected to improve traceability and transparency in the cold chain, ensuring the authenticity and safety of healthcare products. As the global demand for vaccines and temperature-sensitive medications rises, investing in sophisticated cold chain solutions will become imperative for healthcare organizations.
Trends
Several trends are emerging in healthcare cold chain monitoring. One notable trend is the increasing use of wireless and cloud-based monitoring systems, which enable real-time tracking of temperature conditions throughout the supply chain. Additionally, the emphasis on sustainability is driving the development of eco-friendly packaging and temperature control solutions. The rise of telemedicine and home healthcare services also underscores the need for effective cold chain monitoring, as healthcare providers strive to deliver medications and vaccines directly to patients’ homes. Furthermore, regulatory agencies are intensifying scrutiny over cold chain practices, compelling organizations to adopt stricter monitoring protocols.
Applications
Cold chain monitoring is critical across various applications in healthcare, including vaccine distribution, blood and tissue storage, and the transportation of temperature-sensitive pharmaceuticals. In vaccine distribution, real-time monitoring ensures that vaccines remain within the recommended temperature range, safeguarding their potency. For blood and tissue banks, maintaining strict temperature controls is vital for preserving the integrity of donated materials. Additionally, pharmaceutical companies utilize cold chain monitoring to comply with regulatory requirements and ensure the quality of their products from manufacturing to end-user delivery.
Key Points
Healthcare cold chain monitoring is crucial for temperature-sensitive products.
Technological advancements are enhancing monitoring capabilities.
Wireless and cloud-based solutions are gaining traction in the industry.
Sustainability and regulatory compliance are key considerations.
Effective monitoring ensures patient safety and product integrity.
Conclusion
Healthcare cold chain monitoring plays a vital role in ensuring the safety and efficacy of temperature-sensitive medical products. As the healthcare landscape evolves, embracing innovative monitoring solutions will be essential for organizations to meet regulatory requirements and deliver high-quality care. By prioritizing robust cold chain practices, healthcare providers can safeguard patient health and enhance the reliability of their supply chains.
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Cold Chain Packaging Market: Global Industry Analysis and Forecast 2023 – 2030
The Global Market for Cold Chain Packaging Estimated at USD 27130 Million In the Year 2022, Is Projected To Reach A Revised Size Of USD 115100 Million By 2030, Growing At A CAGR Of 19.90% Over The Forecast Period 2022-2030.
The Cold Chain Packaging Market is a critical segment within the broader packaging industry, primarily focused on preserving and maintaining the integrity of temperature-sensitive products during transportation and storage. This market plays a pivotal role in supporting industries such as pharmaceuticals, food and beverages, and healthcare, where the maintenance of specific temperature conditions is essential for product efficacy and safety. With the increasing globalization of supply chains and the growing demand for perishable goods, the cold chain packaging market has witnessed significant growth in recent years.
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Leading players involved in the Cold Chain Packaging Market include:
Cold Chain Technologies (U.S.), Peli BioThermal (U.S.), Orora Group (Australia), Sonoco ThermoSafe (U.S.), CREOPACK (Canada), Sofrigam (France), Intelsius (U.K.), Nordic Cold Chain Solutions (U.S.), Tempack (Spain), Cryopak (U.S.), Softbox Systems (U.K.), Sealed Air Corporation (U.S.) And Other Major Players
Market Driver:
One of the key drivers propelling the Cold Chain Packaging Market is the surge in demand for biopharmaceuticals and specialty drugs. As pharmaceutical companies continue to develop advanced and temperature-sensitive medications, the need for reliable and efficient cold chain packaging solutions becomes paramount. These intricate drugs often require strict temperature control to ensure their effectiveness and safety, creating a demand for innovative packaging solutions equipped with temperature-monitoring technologies. The increasing prevalence of chronic diseases and the expansion of the pharmaceutical sector further accentuate the importance of a robust cold chain packaging infrastructure.
Market Opportunity:
An emerging opportunity in the Cold Chain Packaging Market lies in the integration of sustainable and eco-friendly packaging materials and practices. As environmental concerns gain prominence across industries, there is a growing demand for packaging solutions that minimize carbon footprint and reduce waste. Manufacturers in the cold chain packaging sector have the chance to capitalize on this trend by developing and promoting packaging solutions that are not only effective in temperature control but also environmentally friendly. Innovations in recyclable materials and energy-efficient packaging technologies represent a significant market opportunity, aligning with the broader global shift towards sustainable practices.
The latest research on the Cold Chain Packaging market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Cold Chain Packaging industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Cold Chain Packaging market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Segmentation of Cold Chain Packaging Market:
By Product Type
EPS Containers
PUR Containers
Pallet Shippers
Vacuum Insulated Panels
Others
By Application
Food
Dairy
Pharmaceutical
Others
Market Segment by Regions: -
North America (US, Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
What to Expect in Our Report?
(1) A complete section of the Cold Chain Packaging market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Cold Chain Packaging market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Cold Chain Packaging market.
(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Cold Chain Packaging market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusion of the research study provided in the Cold Chain Packaging Market report.
Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.
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The global Pharmaceutical Logistics Market is projected to grow from USD 99,675 million in 2024 to USD 189,329 million by 2032, registering a compound annual growth rate (CAGR) of 8.35%. The pharmaceutical logistics market plays a critical role in the global healthcare sector, ensuring that medicines, vaccines, and other healthcare products are delivered safely and efficiently from manufacturers to end-users. This market has seen rapid growth due to the increasing demand for pharmaceuticals, the expansion of healthcare services, and the need for specialized logistics services to handle sensitive medical products. However, the sector faces several challenges, including stringent regulatory requirements, temperature control management, and supply chain disruptions. This article will delve into the key trends, drivers, and challenges of the pharmaceutical logistics market.
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Key Trends in Pharmaceutical Logistics
1. Growing Demand for Biologics and Vaccines The rise in biologics, vaccines, and complex therapies has spurred the need for specialized logistics services. These products are highly sensitive and require strict temperature control, often within cold chains, to maintain their efficacy. As more biologic-based drugs enter the market, pharmaceutical companies are investing in advanced logistics solutions that can meet the needs of these delicate products.
2. Advancement in Cold Chain Logistics Cold chain logistics, which refers to the transportation of temperature-sensitive products, has become a significant segment in pharmaceutical logistics. With the rising demand for vaccines, particularly in the wake of the COVID-19 pandemic, the focus on maintaining appropriate temperature conditions during transportation has intensified. Innovations like real-time monitoring systems, temperature-controlled packaging, and advanced refrigeration technologies are helping to ensure that products reach their destinations without compromise.
3. Automation and Digitalization Technology is transforming the logistics landscape, and the pharmaceutical sector is no exception. Automation, artificial intelligence (AI), and the Internet of Things (IoT) are being increasingly used to enhance operational efficiency, optimize routes, and provide real-time tracking of shipments. Digital platforms are streamlining the supply chain, reducing human error, and ensuring compliance with strict regulations.
4. Increased Regulatory Scrutiny The pharmaceutical industry is highly regulated due to the critical nature of its products. Regulatory bodies like the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) impose stringent guidelines on how drugs should be stored, transported, and delivered. Compliance with these regulations is essential for pharmaceutical companies and their logistics partners. As a result, logistics providers must stay updated with changing regulations to avoid penalties and ensure the safety of pharmaceutical products.
Key Drivers of Market Growth
1. Global Demand for Pharmaceuticals The growing global population, rising life expectancy, and increasing prevalence of chronic diseases are driving the demand for pharmaceuticals. This growth, in turn, creates a higher demand for reliable logistics services that can ensure the timely and safe delivery of healthcare products to various regions worldwide. Emerging markets, particularly in Asia-Pacific, Latin America, and Africa, are seeing an increase in healthcare expenditure, further fueling market expansion.
2. COVID-19 Pandemic Impact The COVID-19 pandemic highlighted the importance of efficient pharmaceutical logistics. The global rollout of COVID-19 vaccines required complex logistics arrangements, including cold chain management, transportation to remote areas, and real-time tracking of vaccine deliveries. The pandemic underscored the need for resilient supply chains and innovative logistics solutions to meet the challenges of distributing medical products on a massive scale.
3. Outsourcing Trends Many pharmaceutical companies are increasingly outsourcing their logistics functions to third-party logistics (3PL) providers. By outsourcing, companies can focus on their core competencies while leveraging the expertise and infrastructure of specialized logistics firms. This trend is driving growth in the pharmaceutical logistics market, as more companies seek cost-effective and efficient logistics solutions.
Challenges in the Pharmaceutical Logistics Market
1. Temperature Sensitivity and Cold Chain Failures One of the most significant challenges in pharmaceutical logistics is maintaining the correct temperature during transportation. Temperature excursions can lead to product spoilage, resulting in financial losses and potentially putting patients at risk. Cold chain failures are particularly costly, and ensuring that logistics systems are reliable and robust is essential.
2. Supply Chain Disruptions Global supply chain disruptions, such as those caused by natural disasters, geopolitical tensions, or pandemics, can significantly impact the pharmaceutical logistics market. These disruptions can delay the delivery of life-saving medications, leading to shortages and potentially harming patients. Logistics providers must have contingency plans in place to mitigate the effects of such disruptions.
3. High Operational Costs Managing the logistics of pharmaceutical products, especially cold chain products, comes with high operational costs. Specialized packaging, real-time monitoring systems, and the need for constant temperature control contribute to these expenses. Logistics providers are under pressure to balance cost efficiency with quality and compliance.
Key Player Analysis:
Top Key Players
DHL Supply Chain & Global Forwarding
Kuehne + Nagel International AG
FedEx Corporation
United Parcel Service (UPS), Inc.
DB Schenker
AmerisourceBergen Corporation
SF Express
Ceva Logistics
Panalpina Group
XPO Logistics
Segmentations:
By Type
Cold Chain Logistics
Non-cold Chain Logistics
By Component
Storage
Warehouse
Refrigerated container
Transportation
Sea freight Logistics
Airfreight Logistics
Overland Logistics
Monitoring components
Hardware
Sensors
RFID Devices
Telematics
Networking Devices
Software
By Application
Bio Pharma
Chemical Pharma
Speciality Pharma
By Procedure
Picking
Storage
Retrieval Systems
Handling Systems
By Region
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East and Africa
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Challenges and Opportunities in Dubai’s Air Freight Industry
Dubai is an air freight powerhouse, playing a pivotal role in global logistics and trade. However, the industry is not without its challenges. From regulatory requirements to technological advancements, the air freight sector in Dubai faces numerous obstacles. At the same time, these challenges also open doors to new opportunities that could further bolster Dubai's position as a leading logistics hub.
Regulatory Hurdles
One of the primary challenges faced by air freight companies in Dubai is navigating the complex regulatory framework. As a global hub, Dubai deals with various international standards and customs regulations, which can lead to delays if not managed efficiently. The implementation of new customs protocols and security measures, particularly for goods traveling between multiple countries, can sometimes slow down the supply chain. However, Dubai has been working with international organizations to streamline these processes.
Rising Fuel Costs
Air freight is known for its speed but also its costs, particularly related to fuel. The volatility of fuel prices directly impacts air freight operations, making it a significant challenge for carriers and freight forwarders. While these fluctuations can be unpredictable, Dubai-based airlines and cargo operators are exploring more fuel-efficient aircraft and technologies to offset these costs.
E-Commerce Growth and Its Impact
The rise of e-commerce has presented both opportunities and challenges for Dubai’s air freight services. On one hand, e-commerce requires fast and efficient logistics, which benefits air freight operators. On the other hand, the sheer volume of packages and small-sized shipments can strain cargo-handling systems. The challenge lies in optimizing resources to handle the increased volume while maintaining cost-effectiveness and efficiency.
Technological Innovation: A Double-Edged Sword
While technology has brought many improvements to air freight services, it also poses challenges. Companies that are slow to adopt new technologies, such as AI-driven logistics, risk falling behind their competitors. Additionally, integrating complex digital systems, such as blockchain for supply chain transparency or IoT for real-time cargo tracking, requires significant investment and expertise. Dubai, however, is at the forefront of these innovations, investing heavily in digital infrastructure to support air freight operations.
Cold Chain Logistics: A Growing Market
Dubai is seeing an increase in demand for specialized logistics services, particularly cold chain logistics for temperature-sensitive goods like pharmaceuticals and food products. This presents a lucrative opportunity for air freight companies, as Dubai’s geographic location makes it an ideal gateway for distributing such goods across the Middle East, Africa, and Asia. However, it requires substantial investment in infrastructure, such as temperature-controlled storage and vehicles.
Conclusion
While Dubai’s air freight industry faces its share of challenges, the emirate’s proactive approach to innovation and regulation ensures that these obstacles are turned into opportunities. With strategic investments in technology, infrastructure, and sustainability, Dubai continues to cement its place as a global leader in air freight services, poised to meet future demands.
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Cold Chain Packaging Market To Reach $59.95 Billion By 2030
The global cold chain packaging market size is estimated at USD 59.95 billion in 2030 and is expected to grow at a CAGR of 12.6% from 2024 to 2030. The key drivers attributing to the market expansion include a significant boost in demand for cold chain packaging solutions from the pharmaceutical industry. Amidst the coronavirus pandemic, the trade and transit of temperature-sensitive drugs, medicines, and test samples are drastically increasing. Along with the pharmaceuticals market, the packaging market is anticipated to witness significant growth. The overall market growth is profoundly influenced by the high demand for perishable goods worldwide and the availability of fresh food and frozen food supplies.
The growing popularity of e-commerce as a channel for purchasing fresh goods drives the market growth. The increasing usage of e-commerce websites and mobile apps has enabled customers to order preserved food, fresh vegetables, dairy products, and daily meals. Digital retailing has given enabled consumers to purchase products from anywhere they want. The rising trend of online purchases for perishable products has led to new opportunities and challenges. These include the need for innovative solutions to provide the critical service of last-mile delivery, automated warehouse facilities to manage inventories and to reduce per-item costs, and advanced cold chain packaging solutions that would maintain the safety of fresh food products.
North America dominated the market for cold chain packaging in 2019 and is estimated to continue leading over the forecast period leveraging the high consumption rate of meat, processed food, and dairy products. Additionally, the regional market is highly fragmented with numerous market players, which has increased the regional market share. However, the current economic and political scenario has impacted industry growth. The trade conflict between the U.S. and China is expected to negatively impact the growth of the cold chain market in the U.S. In early 2018, China announced a 15% to 25% tariff on products imported from the U.S., including pork, fruits, wine, nuts, and vegetables. This high tariff imposed on food and agriculture products is expected to hinder the regional market growth.
The Middle East and Africa market for cold chain packaging is anticipated to register the highest CAGR over the forecast period on account of significant improvements in material handling, warehousing, intralogistics, and supply chain solutions. The Asia Pacific regional market is estimated to witness a significant CAGR of more than 21% from 2020 to 2027. The growth is attributed to the ever-increasing population, rapid industrialization, continued rollout of transportation and warehousing networks, and the rise in demand for processed and canned food items.
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Cold Chain Packaging Market Report Highlights
Amid the COVID-19 pandemic, governments across the globe are emphasizing on providing ample medicinal supply to the healthcare facilities. With the increasing tests per day, the transit of blood samples is also increasing, thereby increasing the need for reliable temperature-controlled packaging solutions in the pharmaceutical and healthcare industry.
The evolution of the smart technologies, such as smart boxes or smart temperature-controlled packaging solutions that provide real-time data on variations in temperature, humidity, and air pressure, is expected to drive the future growth of the market.
The increasing emphasis on low ozone depletion potential (ODP) and low global warming potential (GWP) gases is expected to boost demand for natural and inorganic refrigerants such as ammonia and carbon dioxide.
The fruits & vegetable segment is expected to grow at a significant compound annual growth rate (CAGR) of more than 20% from 2020 to 2027 owing to the increasing demand for fresh vegetables and fruits from end consumers across the globe.
Market players are expanding their regional presence through mergers, acquisitions, and partnerships by establishing a network of distributors located in different regions. For instance, Pelican Products, Inc. has a network of dealers located in South America (NatBio), Asia Pacific (Giddi Pharma, Pharmaserv Express, and others), and Europe (DS Smith).
Some of the key industry participants are Cold Chain Technologies, Cryopak A TCP Company, Pelican Products, Inc., Sofrigam, and Sonoco ThermoSafe.
Cold Chain Packaging Market Segmentation
Grand View Research has segmented the global cold chain packaging market report based on material, product, end use, and region
Cold Chain Packaging Material Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
Expanded Polystyrene (EPS)
Polyurethane Rigid Foam (PUR)
Paper & Paperboard
Others
Cold Chain Packaging Product Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
Insulated Pallet Shippers
Insulated Containers
Vacuum Insulated Panels
Gel Packs
Others
Cold Chain Packaging End Use Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
Fruits & Vegetables
Fruit & Pulp Concentrates
Dairy Products
Milk
Butter
Cheese
Ice Cream
Fish, Meat & Seafood
Processed Food
Pharmaceuticals
Vaccines
Blood Banking
Bakery & Confectionaries
Others
Cold Chain Packaging Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
UAE
South Africa
List of Key Players in Cold Chain Packaging Market
Cold chain Technologies
Cryopak
Sonoco Thermosafe
SOFRIGAM
Softbox Systems Ltd
Pelican Products, Inc.
CSafe
TOWER Cold Chain Solutions
Sealed Air Corporation
CoolPac
Nordic Cold Chain Solutions
Global Cooling Inc.
Inmark LLC
Envirotainer AB
DGP Intelsius LLC
Vericool, Inc.
Emballages Cre-O-Pack Intl
TemperPack Technologies, Inc.
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Fresh Fish Market Size, Share, Growth, Analysis Forecast to 2028
Fresh Fish Industry Overview
The global fresh fish market size was valued at USD 228.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.6% from 2022 to 2028. The growing demand and consumption of fresh fish products in developed and developing economies will drive the market. As per the Food and Agriculture Organization (FAO), global food fish consumption has increased at a growth rate significantly above that of the world population growth. Moreover, growing awareness regarding the health benefits of fresh fish such as reducing the risk of chronic diseases and balancing hormone levels is expected to accelerate the market growth over the forecast period.
The COVID-19 pandemic disturbed transportation and suspended the supply of fish food products for a short duration. The supply chain of fish products was disrupted due to COVID-19 restrictions. These products are highly dependent on international trade, which suffered quite early from the pandemic due to the limitations and closures of the global market. In aquaculture, the unsold production of fresh fish has resulted in increasing levels of live fish stocks. Further, it has created higher costs for feeding and risks of fish mortalities across the globe.
Gather more insights about the market drivers, restrains and growth of the Fresh Fish Market
The consumption of fish products has been driven by advancements in the cold chain, shipping and distribution channel, and an increase in the production of fish products across the globe. Moreover, the rising demand for protein-rich diets as an alternative to high-calorie food products is accelerating the industry demand. Fish food consists of a low-fat source of protein, which is used for muscle building, and also contains iron and vitamins such as omega-3 fatty acids, thereby accelerating the market growth.
The rising production of fish in developing economies including India and Indonesia is the major driving force of the market. The market for fresh fish has been witnessing growth due to factors such as growing urbanization and increasing disposable income of the people, which has led to a rise in the consumption of protein-rich fish food. Moreover, the growing demand for premium quality food products due to the freshness and diversity of the products are expected to boost the market growth over the forecast period.
However, increased government support and improved transport infrastructure have increased the importance of international trade in past years. For instance, in India, the Marine Products Export Development Authority (MPEDA) has launched an initiative to develop a GPS-based database of export-oriented aquaculture farms to ensure their traceability and quality control. Identifying the significance and potential of the fisheries and aquaculture, in May 2020, the Government approved the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in India under the Aatmanirbhar Bharat COVID-19 Relief Programme with an aim of sustainable as well as responsible fisheries sector development. Likewise, in Indonesia, the PROTEKAN (Program to Increase Fisheries Exports) program aims to strengthen fisheries exports. Therefore, increasing export-oriented fish production is likely to further increase global fish production and consumption.
A recent trend observed in the target market is innovation and change in seafood dishes and the global demand for protein and fat-free foods. Exclusive restaurants serving exotic seafood and changing consumer tastes are some of the other factors contributing to the growth of the global seafood market. Some of the limiting factors are the short shelf life of the product, government regulations on fish farming and packaging, and disease outbreaks while farming and processing seafood.
Browse through Grand View Research's Consumer F&B Industry Research Reports.
The global mortadella market size was estimated at USD 860.8 million in 2023 and is expected to grow at a CAGR of 5.4% from 2024 to 2030.
The global natural dog treats market size was estimated at USD 6.26 billion in 2023 and is expected to grow at a CAGR of 12.3% from 2024 to 2030.
Segments Covered in the Report
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global fresh fish market report on the basis of product, form, distribution channel, and region:
Product Outlook (Revenue, USD Million, 2017 - 2028)
Pelagic
Demersal
Form Outlook (Revenue, USD Million, 2017 - 2028)
Fresh
Frozen
Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
Offline
Online
Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
U.S.
Europe
Germany
U.K.
France
Asia Pacific
China
Indonesia
India
Central & South America
Brazil
Middle East & Africa
South Africa.
Key Companies & Market Share Insights
The market is fragmented with the presence of various established market players and suppliers of fresh fish across the globe, coupled with numerous domestic players. Major manufacturers and suppliers are constantly focusing on innovative packaging solutions and logistic development and supporting distribution channels to grow their businesses. Such initiatives are expected to boost the adoption rate of the product among consumers around the globe. The market is further driven by mergers & acquisitions, joint ventures, and innovative packaging design. Some prominent players in the global fresh fish market include: -
Mowi
Thai Union Group PCL
Cermaq Group AS
Huon Aqua
Stolt Sea Farm
Stehr Group
Leigh Fisheries
True World Foods
Priory Fishery Ltd.
Order a free sample PDF of the Fresh Fish Market Study, published by Grand View Research.
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