Latest News- Cold Chain Market in China: Refrigerated warehouse is expected to lead the Type segment during 2024-2028

The Cold Chain Market in China is being driven by Increased demand for frozen and perishable food in China

The Cold Chain Market in China is expected to grow at a CAGR of 27.18% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 151.5 billion. Blockchain technology, a digitally distributed ledger system, enables various stakeholders in the cold chain market in China to maintain identical, cryptographically secured transaction records across multiple computer systems. This decentralized approach eliminates the need for a central authority to manage records, resulting in more cost-effective and efficient supply chains. By implementing blockchain technology, cold chain logistics and retail companies in China can enhance supply chain transparency, ensure data security, and minimize delays. This innovative solution offers significant benefits, including improved traceability, increased operational efficiency, and enhanced trust among supply chain partners. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Refrigerated warehouse
  • Refrigerated transportation
• Application
  • Meat fish and seafood sector
  • Dairy and frozen desserts sector
  • Fruits and vegetables sector
  • Healthcare sector
  • Bakery and confectionery sector
• Product Type
  • Chilled
  • Frozen
• Geography
  • China

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased demand for frozen and perishable food in China
• Rising initiatives to promote cold chains in China
• Increasing number of trade corridors

However, the market also witnesses some limitations, which are as follows:

• Operational barriers due to increase in cold chain cost
• Lack of adoption of new technology in cold chain
• Poor customer satisfaction

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Market Scope in Cold Chain Market in China Research Report

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Research Analysis Overview

The Cold Chain Market in China is focused on enhancing thermal performance through testing and improving infrastructure. Refrigerant lifecycle management, cold chain integrity, and temperature excursion management are key areas of concern. Supply chain visibility, energy consumption reduction, and risk mitigation strategies are essential for operational efficiency and regulatory compliance. Asset tracking systems, process optimization techniques, and performance benchmarking aid in data-driven decision-making. Sustainability initiatives, waste reduction programs, and cold chain integration prioritize environmental concerns. Quality assurance protocols, transport route planning, logistics network design, packaging material selection, refrigeration unit maintenance, and equipment lifecycle cost are crucial for overall performance and cost effectiveness.

Market Research Overview

The Cold Chain Market in China is a significant segment of the larger global Air Freight and Logistics Market, which encompasses revenue generated by companies offering refrigeration systems, temperature monitoring, cold storage facilities, and transport refrigeration services for vaccine cold chain solutions. According to Technavio, the global Air Freight and Logistics Market size is determined by the revenue generated from air freight and logistics services, including tracking and monitoring of goods in transit up to delivery. Key growth drivers for this market include the surge in cross-border e-commerce activities, particularly in the sale of temperature-sensitive goods, which necessitate advanced cold chain solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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