Cold storage Market Size Growing at 13.5% CAGR to hit USD 260.07 billion by 2027

Market Study Report has added a new report on Cold storage market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Cold storage market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Global Cold storage Market to reach USD 260.07 billion by 2027. Global Cold storage Market is valued approximately USD 107.18billion in 2020 and is anticipated to grow with a healthy growth rate of more than 13.5% over the forecast period 2021-2027.

Cold storage is a storage storing goods in an environment below the outdoor temperature for preservation. Low-carbon design, environmental auditing, crafty construction of cold storage, and increasing IT spending in cold storage logistics are factors contributing to the growth of the market.

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Major market player included in this report are:

  • Lineage Logistics
  • Americold Logistics, LLC
  • Al Rai Logistica K.S.C
  • Agro Merchants Group
  • Burris Logistics
  • Barloworld Limited
  • Cloverleaf Cold Storage
  • Gulf Drug LLC
  • Henningsen Cold Storage Company
  • Kloosterboer

For instance: as per the Statista in 2018, spending on cold chain logistics, transport and packaging in North America amounted to 3.7 billion U.S. dollars. However, high initial investment and lack of infrastructure impedes the growth of the market over the forecast period of 2021-2027. Also, with the expansion of food retail chains, will provide new opportunities for the market growth over the forecast period.

The global Cold storage market is considered for the regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is a significant region across the world in terms of market share owing to adoption of technological advancement, adoption of agricultural farming and presence of food warehousing facilities. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising need of high yield of crop and need to preserve them for longer time create growth prospects for the Cold storage market across Asia-Pacific region.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Construction Type:

Bulk storage

Production stores

Ports

By Application:

Fruits & vegetables

Dairy

Fish, meat & seafood

Processed food

Pharmaceuticals

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Cold storage Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Full Report Summary At: https://www.marketstudyreport.com/reports/global-cold-storage-market-size-research?utm_source=marketwatch.com&utm_medium=AG

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