Cold Chain Market In China Size to become billion dollar industry with revenue growth of USD 53.46 Bn through 2023-2027
China is making significant investments in trade corridors to facilitate the movement of goods and commodities. The increasing number of trade corridors is notably driving market growth with the size of the market forecast to increase by USD 76.48 Bn. It is estimated the China Cold Chain Market will grow at a CAGR of 19.1% between 2022 and 2027. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
The growth of the China Cold Chain market depends on several determinants including increased demand for frozen and perishable food in China, and rising initiatives to promote cold chains in China. A rising number of trade corridors with integrated infrastructures like railroads and highways, these corridors frequently link cities or countries supporting nations' development by generating significant economic benefits like job creation, economic growth, a decrease in poverty, and economic resilience.
China Cold Chain Market Analysis at a Glance
When it comes to the investment part a significant amount of investment is coming from China's end to facilitate the movement of goods and commodities. The need for refrigerated transportation will increase as trade corridors are expanded because the cold chain will be used to transport goods of the required quality hence, propelling the Cold Chain market in China
For example, products like grains, fruits, and vegetables are transported along the Silk Road or Route, that connects China and the Mediterranean. This route travels through China, Persia, India, Arabia, and toward the European side.
Leading Market Players worth mentioning in this industry are Americold Realty Trust Inc., AP Moller Maersk AS, Beijing Shounong Food Group Co. Ltd., BSI Group, CJ Logistics Corp., Deutsche Post AG, FedEx Corp., JD.COM, Jin Jiang International Holdings Co. Ltd., John Swire, and Sons Ltd. A lot of cold chain service providers have begun providing end-to-end integrated services as a result of the rising demand for outsourced cold chain service management services, including inventory control, order planning, forecasting, warehousing, and delivery control. Companies also help customers track shipments communicate with the entire supply chain also provide disaster recovery services.
Request for a comprehensive report summary that includes a data-backed in-depth analysis of drivers, trends, and market players along with all the segments with a wider understanding of the business ecosystem.