Cold Chain Monitoring Market Research Report

The global cold chain monitoring market is poised to reach a valuation of USD 7.15 Bn by the end of 2023, marking an above-average CAGR during the forecast period (2017 to 2023). This consistent growth during the review period can primarily be attributed to the increase in refrigerated warehouses to meet the growing demand for cold supply chain solutions. Stringent government rules regarding food wastage and the increasing number of pharmaceutical drugs, which require continuous temperature monitoring are some other factors driving market growth.