Vancouver, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) – According to the latest analysis by Emergen Research, the global Next Generation Sequencers market size is projected to reach USD 526.00 billion in 2027 with a robust revenue CAGR over the forecast period. Key drivers for the market's sales growth include technological advances and innovations in food cold storage, packaging materials and techniques, and the development of more efficient technologies for seafood processing and storage. The recent increase in demand for ready-made meals such as canned beans, canned tuna and salmon, prepared pesto, prepared hummus, cooked lentils and washed vegetables, etc., as well as the growing preference for frozen baked goods and confectionery have fueled market growth in needing more efficient storage facilities in the cold chain . Maintaining the quality of frozen baked goods, confectionery and other prepared and packaged foods is highly dependent on packaging, storage and refrigeration.
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The inclusion and processing of temperature-sensitive goods in cold chain solutions has become an important part of supply chain management. The increasing trade in perishable goods and products should also stimulate demand for these solutions in the forecast period. Favorable regulations and agreements are another factor that greatly supports market growth. For example, exporting perishable food – in a manner that is free from import duties – opened up opportunity free trade agreements (NAFTA) to exporters in the US and Europe under the World Trade Organization and bilateral free trade agreements such as the European Union Free Trade Agreement and North America.
Cooling systems are mainly used to extend the shelf life of products, maintain the quality and hygiene of packaged products, and improve product consistency as part of cold chain solutions. Temperature controlled warehouses are extremely energy sensitive due to the cooling and ventilation system with high energy consumption. However, technological advances and improved design have resulted in lower energy consumption. Intelligent warehouse automation and control systems are important components in making buildings self-supporting with zero net electricity. Lower energy consumption significantly lowers operating costs and consequently reduces the impact on the environment. More and more cold chain companies are rapidly turning to renewable energy sources such as wind and solar to reduce total cost of ownership.
The increasing preference for online shopping for groceries and other perishable products has meant that retailers have increasingly needed to expand cold rooms. The trend has led to the provision of larger cold store options to enable better delivery and care for end users. Large restaurants and catering companies are increasingly adopting cold rooms as outlets need to expand due to the increasing demand for food that is driving the growth of the market.
Cold chain systems play a critical role in the supply of perishable goods, food, beverages, chemicals and health products. Materials also play an important role in the storage and transportation of products in refrigerated trailers, insulated containers, attached refrigerated vehicles and others.
Another important factor is monitoring. The efficient management of the cold chain depends to a large extent on the software and hardware used for this purpose. Technologies in the cold chain have evolved rapidly due to the growing need to ensure the integrity, efficiency and security of shipments. Some hardware components include RFID devices, data loggers, remote temperature sensors, network devices, and telematics devices.
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Some key findings from the report
- Connected goods enable companies to create better customer relationships by differentiating products and providing superior experiences than competitors.
- The modernization of transport and storage facilities as well as the use of intelligent infrastructures and automation, especially in industrialized countries and some developing countries, are driving market growth.
- The availability, transparency, tracking and monitoring of products along the supply chain has been significantly improved due to the emergence and use of technologies such as RFID.
- The fast growing trend of online grocery shopping and the expansion of e-commerce channels in countries like China and India are some of the main drivers behind the rapid sales growth of the Asia Pacific market.
- Some key players in the market include Americold Logistics LLC, Burris Logistics, Inc., Agro Merchant Group, Cloverleaf Cold Storage, Lineage Logistics, LLC, Henningsen Cold Storage Company, Nordic Logistics, Swire Group, Preferred Freezer, and Wabash National.
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For the purpose of this report, Emergen Research has the Global Market on the Basis of Type, Package, Application, Equipment, and Region:
- Type Outlook (Revenue: USD Billion; 2017-2027) $ 1
- Monitor components
- Packaging Outlook (Revenue: $ billion; 2017-2027) $ 1 $ 1
- Application Outlook (Revenue: $ Billion; 2017-2027)
- Fruits, vegetables
- Pulp & concentrates
- Dairy products
- Fish, meat and seafood
- Processed foods
- Bakery & Confectionery
- Equipment Outlook (Revenue: $ Billion; 2017-2027)
- Warehouse equipment
- Transportation equipment
- Regional Outlook (Revenue: Billion USD; 2017-2027)
- North America
- Rest of north america
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of the APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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Emergen Research is a market research and advisory firm that provides syndicated research reports, bespoke research reports, and advisory services. Our solutions focus solely on your purpose of locating, targeting, and analyzing changes in consumer behavior across a variety of demographic and cross-industry sectors, and helping customers make smarter business decisions. We offer market research studies that ensure relevant and fact-based research across various industries including healthcare, touchpoints, chemicals, types, and energy. We are constantly updating our research offerings to ensure that our customers are aware of the latest trends in the market. Emergen Research has a strong base of experienced analysts from various fields. Our industry experience and the ability to develop a specific solution for all research problems enable our customers to secure an advantage over their respective competitors.
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