Cold Storage Market

1. Analysis of Cold Storage Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~5% During 2024- 2036 and Attain ~USD 326 Billion by 2036 Research Nester’s recent market research analysis on “Cold Storage Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global Cold Storage market in terms of market segmentation by storage type, construction type, temperature range, application, and by region. Growing Collaborations among Market Players to Promote Global Market Share of Cold Storage The aim of strategic expansion and market consolidation is what propels the large number of mergers and acquisitions (M&A) in the cold storage industry. For instance, the Food Bank Singapore and The Dairy Farm Group, owners of the grocery stores Giant and Cold Storage, announced a collaboration to start Better Together, a unique food donation campaign aimed at giving families in need access to more nourishing and everyday staples. Ten pilot stores from Cold Storage and Giant are the first locations of the cooperation, which will eventually expand around the island in the coming months. Request Report Sample@ https://www.researchnester.com/sample-request-6071 Operators of cold storage facilities are implementing these growth strategies in order to stay competitive and upgrade their technology on a regular basis. Players also work with technology companies, transportation companies, and logistics suppliers to broaden their offerings and provide end-to-end solutions. By means of these collaborations, participants can enhance their competencies and sustain

2. their competitive advantage in a dynamic market. Therefore, the growing collaborations among market players are bolstering the market growth. Some of the major growth factors and challenges that are associated with the growth of the global cold storage market are: Growth Drivers: •Increasing Demand for Perishable Goods •Surge in the Implementation of Fuel Cell-based Technology Challenges: A major barrier to the growth of the cold storage sector is the substantial upfront costs associated with building a facility. Significant financial outlays are needed for the construction of a cold storage facility, the installation of the necessary machinery, and the upkeep and repair of the infrastructure. This expense could be especially high for new enterprises because they will need to invest in better insulation, refrigeration systems, and infrastructure to ensure proper temperature management and energy efficiency. Some other factors such as intense competition among market players and environmental concerns may hinder the growth of the cold storage market. By applications, the global Cold Storage market is segmented into fruits & vegetables, dairy, fish, meat, & seafood, processed food, and pharmaceuticals. The pharmaceuticals segment is expected to hold a share of 26% during the forecast period. The adoption of cold storage solutions is driven by stringent government regulations on the manufacture and distribution of medicinal products. For instance, it is anticipated that biopharma cold chain logistics will cost roughly 21.3 billion US dollars by 2024. In order to ensure efficacy and comply with

3. temperature regulations, pharmaceutical products should be stored at a specified temperature range. By region, the North America cold storage market is poised to hold a share of 36% by the end of 2036. The growth of this market can be attributed to the high number of interconnected devices and a significant consumer base. In North America, it is estimated that by 2025, 5.4 billion consumers and industrial Internet of Things connections will be established. Also, major players in the region are expanding their cold storage businesses which is fostering market growth. For instance, World Courier, a global provider of specialty logistics and a division of Cencora (formerly AmerisourceBergen), will open transport stations in three new US markets. This move will increase its footprint and ability to provide specialized logistics support. This report also provides the existing competitive scenario of some of the key players of the global cold storage market which includes company profiling of Dematic, Lineage Logistics Holdings, Americold Logistics LLC, NewCold, CASA(S) Pte Ltd., Burris Logistics, Cloverleaf Cold Storage, Gulf Drug LLC, Kloosterboer, Nordic Logistics, and others. Access our detailed report at: https://www.researchnester.com/reports/cold-storage- market/6071 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic

4. minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919