openPR Logo
Press release

Cold Chain Market Will Reach $925.6 Billion by 2030

12-05-2022 09:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

The global cold chain market was valued at $237.8 billion in 2021, and it is set to reach $925.6 billion by 2030, growing at a CAGR of 16.3% between 2021 and 2030.

The growth of this industry can be credited to the growing requirement for convenience food with a longer shelf life, snowballing awareness about the food wastage, and rising number of planned retail stores in the developing countries.

Furthermore, the requirement for these solutions is mounting in the food & beverage sector in order to avoid the degradation of the quality of food.

Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/cold-chain-market/report-sample

Moreover, the increasing number of government guidelines in order to reduce food wastage, growth in the number of retail chains is projected to contribute to the market growth in the years to come.

In 2021, the storage category dominated the industry with share of above 55%, and will continue its dominance in the years to come as well. This can be credited to the growing consumer fondness for packaged food across the globe.

Furthermore, the increasing need for frozen food because the consumers are leaning more toward healthy diet and lifestyles, which in turn is, contributing to the growth of the temperature-controlled storage solutions.

In 2021, the product category had the largest revenue share of above 73%. Food quality is preserved by refrigerated packaging, which supports in limiting biological degradation of the products and ensures that the food is safe for consumption of customers.

The requirement for the solutions and products for packaging has also increased mainly because of the growing population and increasing consumption of preserved beverages and foods.

Storage equipment is a main revenue generator of the industry, with more over 75% share. Temperature-controlled storage machinery plays an important role in several businesses by ensuring product standards and increasing their shelf life. Storage equipment such as refrigerators, vaccine carriers and deep freezers, both off-grid and on-grid.

In 2021, North America held the largest cold chain market share of above 35%, and it is projected to keep dominating the industry in years to come. Because of great growth potential, companies want to invest for a long period.

Browse full report at: https://www.psmarketresearch.com/market-analysis/cold-chain-market

Furthermore, a wide customer base and the growing acceptance of connected devices are expected to contribute toward the industrial growth in the future

APAC is estimated to grow with the fastest rate in the near future. This can be credited to the snowballing government expenditure for the expansion of logistics infrastructure and the growing acceptance of warehouse managing systems in the region.

Hence, the growing requirement for convenient food with a longer shelf life, snowballing awareness about food wastage will drive the demand for cold chain in the future.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow Us: https://www.linkedin.com/company/pnsintelligence/

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cold Chain Market Will Reach $925.6 Billion by 2030 here

News-ID: 2834046 • Views: 188

More Releases from P&S Intelligence

Dicyclopentadiene Market To Reach $1,373.9 Million by 2030
The chemical dicyclopentadiene is light yellow in color and smells strong. The majority of the time, it is a liquid at room temperature. Two cyclopentadiene molecules undergo the Diels-Alder process to create it. It is available as endo-DPCD and Exo-DPCD, two stereoisomers. It is used to make unsaturated polyester resins, ethylene-propylene-diene rubbers, and hydrocarbon resins. It is used to make specialty polymers and fine chemicals, such as flame retardants, agrochemicals, cyclic
Australia E-Commerce in Automotive Aftermarket Will Reach USD 3,822.2 Million by …
The Australian e-commerce in automotive aftermarket was valued at USD 1,503.5 million in 2022, and this number is expected to reach USD 3,822.2 million by 2030, advancing at a CAGR of 12.2% during 2022-2030, as per P&S Intelligence. The industry is motivated by the comfort provided by online shopping platforms, snowballing number of do-it-yourself customers, and the rising automotive aftermarket. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/australia-e-commerce-automotive-aftermarket/report-sample Customers' leaning toward
Polyisobutylene Market Will Reach USD 2,980.6 Million By 2030
The global polyisobutylene market was valued at USD 1,995.3 million in 2022, and this number is projected to reach USD 2,980.6 million by 2030, advancing at a CAGR of 5.1% during 2022-2030, according to P&S Intelligence. This growth can be ascribed to its variety of applications, such as automotive rubber components adhesives & sealants, lubricant additives, fuel additives, medicine, and cosmetics. Polyisobutylene is a gas or liquid-resistant synthetic rubber/elastomer extracted
Commercial Satellite Imaging Market Will Reach USD 8,777 Million By 2030
In 2022, the commercial satellite imaging market size stood at USD 3,754 million, which is projected to propel at 11.20% CAGR during 2022-2030, reaching USD 8,777 million by 2030, according to P&S Intelligence. With the utilization of optically prepared satellites, raw image information is formed in the process of imaging. Aeronautical imaging provides better image resolution in comparison to satellite imaging, as it is nearer to the object. Terrestrial imaging is

All 5 Releases


More Releases for Storage

United States Self-Storage Market 2022 Strategic Assessment- Metro Storage LLC, …
The United States Self-Storage Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the United States Self-Storage Market
Video Surveillance Storage Market Growing Up By Storage Technology: Network atta …
Acumen Research and Consulting has announced the addition of the "Video Surveillance Storage Market” report to their offering. The Video Surveillance Storage Market Report 2018 is an in depth study analyzing the current state of the Video Surveillance Storage Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Video Surveillance Storage Market provides analysis of China market covering
Global Self Storage Market Data Analysis 2020-2026 : Loq Storage Mini Bodegas, M …
Global Self Storage Market Report Covers Market Dynamics, Market Size, And Latest Trends Amid The COVID-19 Pandemic For acquiring a whole outline of the Self Storage Market, each of the ones needs to do is to peruse everything about in the report to get a handle on a portion of the essential cutting edge and present imaginative patterns referenced in the record. The Self Storage market has all the components
Self-Storage Software Market Trends, Developments, Future Prospects and Prominen …
The Self-Storage Software Market is a category of management software. It has user-friendly and bendable functions to meet the needs of small to large facilities. Some of the leading self-storage software programs offer structures, such as facility maps, specialized payment options, online access for customers, and gate access integration as well. You can get a sample copy of this report @ https://www.orianresearch.com/request-sample/1498463 Emergence of cloud-based self-storage software and mobile applications are
Self Storage Market Flourishing Rapidly with Top Prominent Players like AECOM, C …
Self Storage Industry Forecast to 2027 delivering Key Insights and providing Competitive Advantage to clients through a Detailed Report. The study is a perfect balance bridging both Qualitative and Quantitative information of Self Storage market. The self storage refers to the storage space rented to tenants often on a short-term basis. The industry is a sub-division of the commercial real-estate market. The rapid urbanization and migration of people to different metropolitan
Self Storage Market 2019: Emerging Top Key Player Like AECOM, CubeSmart, Life St …
The Self Storage Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years. Get Sample Copy