Global Cold Storage Market Size, Drivers, Trends, Opportunities And Strategies – Includes Cold Storage Market Growth
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The rising perishable products are expected to drive innovation in cold storage manufacturing, thus driving the market during the forecast period.
The global cold storage market is expected to grow from $141.39 billion in 2022 to $161.92 billion in 2023 at a compound annual growth rate (CAGR) of 14.5%. The cold storage market size is expected to grow to $303.22 billion in 2027 at a compound annual growth rate (CAGR) of 17.0%.
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Global Cold Storage Market Segments Include:
- By Type: Private and Semi-Private, Public
- By Construction: Bulk Storage, Production Stores, Ports
- By Temperature: Frozen, Chilled
- By Application: Fruits and Vegetables, Dairy, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cold storage market in 2021.
Major Market Players in the cold storage market include Americold Logistics LLC, Cloverleaf Cold Storage, Burris Logistics, Tippmann Group, VersaCold Logistics Services, Henningsen Cold Storage.
Advancements in technologies are a key trend gaining popularity in the cold storage market. Major companies operating in the cold storage market are using new technologies such as automation in warehouses, taller warehouses with temperature control, and others to sustain their position in the market. For instance, in May 2021, Vertical Cold Storage, a US-based temperature-controlled and dry storage facility provider, unveiled its new cold storage facility, Vertical Cold facilities. The Vertical Cold Facilities contain the most reliable automation in the industry along with cost-effective refrigeration facilities that use green practices and improve performance through decision-making technology.
The Cold Storage Global Market Report 2023 provides a cold storage market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cold storage market forecast analyzes cold storage market size, cold storage market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Cold storage refers to a place or a building where perishable products are stored or kept at low temperatures for preservation. These are designed with properties that can keep food items in optimum conditions, and these properties can be adjusted according to what has been stored.
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