United States Cold Storage Market Forecast 2022-2030

United States Cold Storage Market Forecast 2022-2030

KEY FINDINGS

The United States cold storage market is estimated to project a CAGR of 7.81% during the forecast period, 2022-2030. The market growth is attributed to technological advancements, the growing demand for cold storage facilities in the pharmaceutical industry, and the thriving processed food sector.

MARKET INSIGHTS

In the United States, pharmaceutical industries encompass increased demands for exacting cold storage conditions as compared to most food products. These entail extremely precise humidity, temperature controls, and occasional light sensitivity controls. Also, there is a growing demand for biological medications. These need stringent cold chain storage because they are susceptible to extreme temperatures during shipping.

In addition, biological products exposed to extreme cold or heat may harm the recipients along the lines of repeated symptoms and clinical setbacks. Accordingly, expenditure on temperature-controlled drug shipping is on the rise twice that of pharmaceutical products. As a result, the increasing number of biologic pharmaceuticals offers lucrative growth opportunities for the United States cold storage market.

Furthermore, several service providers are upgrading old infrastructure with new machinery and technology, given the rising construction and labor costs. Besides, operators are looking for innovative ways to automate their procedures. These include using refrigeration plugins, water reclamation systems, solar panels, and energy management systems. Such factors propel the United States cold storage market growth.

COMPETITIVE INSIGHTS

Some of the leading companies in the market include Lineage Logistics, Cold Box Express Inc, Wabash National Corporation, VersaCold Logistics Services, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments