Global cold chain equipment market set for rapid growth
The global cold chain market is primarily driven by an increased need to reduce food waste across the globe and the rapid growth of the frozen foods segment.
Global demand for the cold chain equipment market was valued at $67 billion in 2014 and is expected to reach $ 118 billion in 2020 and grow at a CAGR of 9.8% between 2015 and 2020, according to a report published by Zion Market Research, Sarasota, Fla.