When it comes to perishable products, the supply chain is only as strong as its weakest link. If there's a break in the chain, the quality of the product and company competitiveness can suffer. That's where cold chain comes in.
According to Allied Market Research, the cold chain logistics market is set to experience rapid growth over the next five years, swelling into a half-trillion-dollar industry by 2026. Cold chain packaging alone will command around $40 billion of that growth.
Cold chain packaging is used in many industries to maintain the desired temperature for their perishable products and help manufacturers adhere to relevant safety regulations and industry standards.
Foods that require cold chain include dairy products, eggs, meat, poultry, fish, fruits and vegetables, confection, and prepared meals. Chemical manufacturers require cold chain solutions for temperature-sensitive products and products that have a short shelf life. Pharmaceutical manufacturers require cold chain for vaccines, blood products, and biologics.