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VANCOUVER, BC, Oct. 12, 2020 /PRNewswire/ — The Global Food Cold Chain Market is projected to reach USD 526.00 billion in 2027. Technological innovation is expected to drive growth in packaging, processing and storage of seafood products.
Incorporating and processing temperature-sensible goods with cold chain solutions has become a part of supply chain management. Increased trade in perishable goods is expected to fuel demand over the forecast period for these solutions. Cold chain companies are gradually embracing renewable energy technologies like wind and solar to reduce overall operating costs. Cooling systems are used for the prolongation of shelf life and to improve product consistency as part of cold chain solutions. Coolants used in cooling systems are considered an environmental hazard because of their high global warming potential (GWP) and ozone depletion capability (ODP), thus posing as a growth hindrance for the market.
The industry is expected to benefit from more strict food safety legislation such as the Modernization Act on Food Security, which calls for greater consideration of the construction of a cool storage facility. The implementation by the Building Research Establishment of Environmental Assessment (BREEAM) of environmental audits programs such as Leadership in Energy and Environmental Design (LEED) will test construction at the …
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