
According to a new market research report " Cold Chain Market By Type (Refrigerated Storage, Transport), Temperature Type (Chilled, Frozen), Technology (Air Blown, Eutectic), Application (Fruits And Vegetables, Bakery And Confectionery, Dairy, Meat, Fish And Seafood) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", published by MarketDataForecast, the Cold Chain Market is projected to reach USD 269.61 billion by 2021 from USD 187.8 billion in 2016, at a CAGR of 7.5%. The factors driving the growth of the market are raising demand for the cold chain products and seafood products, and enlargement of food retail chain business by multinational companies. Increasing technological advancements coupled with the innovation of new techniques in transportation and storage and government support for the infrastructure development of the cold chain products are fuelling the demand for market growth. However, huge costs in maintaining the temperature equipment are impeding the growth of the market.