Cold Chain Logistics will Experience Rapid Growth over the Next 20-30 Years
2018-11-05    [Source:PUdaily]
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Cold-chain logistics refers to a systems engineering where the refrigerated foods are at specified low temperatures from their production, storage, transportation to sales, so as to ensure food quality and reduce food spoilage. This industry has experienced rapid growth in recent years. In 2017, the cold chain logistics industry in China generated 260 billion yuan in revenue, serving industries such as catering, fresh produce and medicine. Common cold-chain equipment includes cold storage facilities, refrigerated containers, refrigerated trucks as well as freezing and refrigeration equipment. According to statistics of relevant government departments, China’s cold chain logistics market sees a CAGR (compound annual growth rate) of 20%. It is expected that the market size will reach 470 billion yuan by 2020...
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