"Global Cold Chain Tracking Market: A
Comprehensive Analysis
Global Cold Chain Tracking and Monitoring Market: An
Overview
Cold chain tracking and monitoring is the process of ensuring the quality and safety of
temperature-sensitive products such as food, pharmaceuticals, biologics, chemicals,
and vaccines throughout the supply chain. It involves the use of sensor-based
technology, such as IoT, RFID, GPS, and cloud computing, to collect and transmit
real-time data on the location, condition, and status of the products from production to
consumption. Cold chain tracking and monitoring helps to reduce wastage, spoilage,
theft, and loss of products, as well as to comply with regulatory standards and customer
expectations.
The Global Cold Chain Tracking and Monitoring Market size was estimated at USD 5.7
billion in 2022 and expected to reach around USD 24.1 billion by 2032, poised to grow at a
compound annual growth rate (CAGR) of 15.5% during the forecast period 2023 to 2032.
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Challenges:
● temperature control A major issue is ensuring that the products are at
the proper temperature while being transported. If the temperature is too
high or cold, it could affect food and medicine or cause damage.
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Data Security: Making sure that all data related to the shipments
secure from hackers poses a problem. It is a crucial piece of infor
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mation therefore it must be secure.
● Regulations The different countries have distinct rules for transporting
things that are cold. This makes it difficult for international transport of
items.
Opportunities:
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Technology advancements The latest technology is aiding in monitoring and keep track of
cold objects. It means less items are likely to be damaged, and companies can make
savings.
● Global Extension The rise of shopping online and the increasing
demand for goods to be delivered globally and remain frigid. It
opens doors for companies who can successfully handle this.
● Eco-friendly Solutions A increasing demand for
environmentally friendly Cold chain options. Firms that provide
eco-friendly solutions have a distinct advantage.
Market Segmentation
● Food and beverages It covers everything from fresh fruits and
vegetables and frozen pizzas.
● Pharmaceuticals The medicine typically requires keeping at
certain temperatures in order to be active.
● Chemicals: Some chemicals are temperature-sensitive and
require cold chain monitoring.
● Other This category includes a an array of products including
electronics to flowers.
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A few of the major participants in the global
monitoring and tracking of the cold chain
market include:
● Sensitech Inc.: A leading provider of cold chain visibility
solutions, offering a comprehensive portfolio of products and
services that help to ensure the quality, integrity, and security of
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temperature-sensitive products. Sensitech Inc. is a part of
Carrier Global Corporation, a world leader in heating, cooling and
ventilating (HVAC) and refrigeration security, fire and building
automation.
● ORBCOMM Inc.: A worldwide market leader for manufacturing
IoT and machine-tomachine (M2M) communication services and
services, providing a variety of services and products for the
tracking and monitoring of assets and controlling. ORBCOMM Inc.
serves various industries like shipping, transportation energy and
the supply chain industry, industrial machinery as well as
government.
● Elpro-Buchs AG is a Swiss company that provides products for
environmental monitoring that are used in the life sciences and
pharmaceutical sectors. The company offers a variety of solutions
and services that cover temperature as well as humidity,
pressure light, shock and vibration monitoring in addition to the
management and analysis of data.
● Controlant Ehf. A Icelandic business that provides live-time
visibility of cold chains to the food and healthcare industries.
Controlant Ehf. leverages IoT, cloud computing, and artificial
intelligence (AI) to deliver end-to-end monitoring, analytics, and
insights for temperature-sensitive products.
● Monnit Corporation: A US-based company which develops and
makes wireless sensors for many uses, including temperatures,
humidity and motion. voltage, current and much more. Monnit
Corporation serves various industries including agriculture and
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healthcare, food & beverages industrial, commercial and
residential.
● Berlinger & Co AG: An Swiss firm that designs and makes
temperature monitoring equipment and systems that are used in
the medical and pharmaceutical sectors. Berlinger & Co AG offers
various solutions and services related to managing cold chains,
like data loggers indicators and software, cloud services and
consultancy.
● Infratab Inc.: A US-based firm that provides intelligent sensors
for perishable products management. Infratab Inc. uses RFID
technology to record and measure the freshness of goods
throughout the entire supply chain. Infratab Inc. serves various
sectors, including the pharmaceutical industry, food & beverages
as well as biomedical and floral.
● Zest Labs Inc.: A company based in the United States that
provides post-harvest shelf-life, freshness and preservation
solutions for fresh food sector. Zest Labs Inc. uses IoT technology
to keep track of the quality and condition of the products that are
produced from farmer to fork. Zest Labs Inc. helps to cut down
on food waste, increase the quality of food, and improve the
profitability of its business.
● Savi Technology Inc.: An American-based business that offers the
visibility of supply chain and analytics solutions for various
industries like defense, government, as well as commercial. Savi
Technology Inc. uses RFID, GPS, and cell technology to monitor
and track the position of, the condition and state of assets that
are either when they are in transit or resting.
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● Lauda Technologies GmbH: A German company that provides
temperature-controlled logistics solutions for the pharmaceutical
and biotech industries. Lauda Technologies GmbH offers a variety
of services and products to manage cold chains, like passive and
active containers thermo-packaging and monitoring equipment,
as well as software and consultation.
There are a few major players in the world tracking and monitoring of
the cold chain market who provide efficient and secure solutions that
satisfy the demands of different users .
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