Covid-19 vaccines aren’t the only good that needs to be transported while refrigerated. Globally, people are relying more and more on frozen food to feed themselves and their families. Beyond the individual household demand, hotel and restaurant sectors are burgeoning across the world. In turn, the global refrigerated transport market is having to adjust to meet the demand.
According to the current analysis of Reports and Data, the global refrigerated transport market was estimated at $15.5B in 2019 and is projected to grow at a CAGR of 5.8% from 2019 to reach $21.6B by the year 2025. Three of the top US players in the refrigerated container market include General Mills, Conagra Foods and Kraft Heinz Company. How will transportation companies adjust their fleets to accommodate the appetites of the world? Only time will tell.
Alana Reinhardt has been the Sales and Marketing Coordinator at Rockfarm Supply Chain Solutions since 2020. She brings her education from Eastern Illinois University and her passion for communication to her work as a content creator and inbound lead generator. When she’s not behind the keyboard, she can be found exploring the St. Louis area with her dog, Ernie, at her side.
Global News Wire- https://www.globenewswire.com/news-release/2020/04/16/2017606/0/en/Refrigerated-Transport-Market-To-Reach-USD-23-1-Billion-By-2027-Reports-and-Data.html
Refrigerated Transport Market – https://www.marketsandmarkets.com/Market-Reports/refrigerated-transport-market-779494.html