PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1372078
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1372078
According to SPER Market Research, 'Singapore Cold Chain Market Size- By Offering, By Logistics, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Singapore Cold Chain Market is predicted to reach with a CAGR of 6.43%
The cold chain sector maintains facilities frozen and provides refrigerated transportation services. Cold chains are necessary for handling logistics and temperature-sensitive goods. A cold chain can preserve a product's biological and physical characteristics, so increasing its shelf life. It also keeps the stock of seasonal goods up to date by storing them. The dairy industry, farmers, and fishermen are some of the producers with a cold chain connection to the retail sector.
The Singapore Cold Chain Market has been significantly impacted by the COVID-19 pandemic. Due to the storage and distribution of COVID-19 vaccinations, there was an increase in demand for cold storage facilities and logistical services. Systems for monitoring temperature are becoming more and more important in order to preserve the quality of vaccinations and medical supplies. The demand for cold chain services for perishable goods home delivery increased as customer shopping patterns switched toward online sales.