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Cold Storage Market, 2023 Size, Share, Trends, Growth Outlook With Company Analysis And Forecast To 2032
As per The Business Research Company's Cold Storage Opportunities And Strategies Market Report 2023, The cold storage market size reached a value of nearly $30,833.6 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.4% since 2016. The market is expected to grow from $30,833.6 million in 2021 to $46,059.1 million in 2026 at a rate of 8.4%. The cold storage market size is then expected to grow at a CAGR of 7.6% from 2026 and reach $66,317.5 million in 2031.Robotics technology will continue to drive cold storage through 2022 and beyond as part of increased innovation for warehouse automation. The robots industry is predicted to increase at a compound annual growth rate of 10% through 2028, reaching over $70.6 billion. Robots may be quite useful in transferring merchandise from the warehouse to the shipping zone, enhancing efficiency, speed, dependability, and accuracy.
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Operators of cold chains are reducing the strain on natural resources while meeting the energy-intensive needs of products. For instance, TESSOL provides thermal storage technology that is completely fuel- and environment-free. They utilize recyclable bags for all types of shipping and packing, and their advanced phase change materials are non-toxic and inflammable. Their solutions improve environmental health and lower carbon footprint.
The top opportunities in the cold storage market segmented by type will arise in the public segment, which will gain $10,629.1 millions of global annual sales by 2026. The top opportunities in the cold storage market segmented by construction will arise in the bulk storage segment, which will gain $7,009.5 millions of global annual sales by 2026. The top opportunities in the cold storage market segmented by temperature will arise in the frozen segment, which will gain $11,156.3 millions of global annual sales by 2026. The top opportunities in the cold storage market segmented by application will arise in the fruits and vegetables segment, which will gain $6,769.6 millions of global annual sales by 2026. The cold storage market size will gain the most in USA at $4,053.2 million.
Cold Storage Market Segmentation:
The Cold Storage market is segmented by type, By Construction, By Temperature and By Application.
By Type -
a) Private And Semi-Private
b) Public
By Construction -
a) Bulk Storage
b) Production Stores
c) Ports
By Temperature -
a) Frozen
b) Chilled
By Application -
a) Fruits And Vegetables
b) Dairy
c) Fish, Meat And Seafood
d) Processed Food
e) Pharmaceuticals
Major players in the Cold Storage market include Americold Logistics LLC, Burris Logistics, Nichirei Corporation, United States Cold Storage, Toyo Suisan Kaisha, Ltd.
The regions covered in the global Cold Storage market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Cold Storage Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Cold Storage Market Report Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions
20. Market Opportunities And Strategies
21. Cold Storage Market, Conclusions And Recommendations
22. Appendix
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