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You are here: Home / News / Warehouse News / US Cold storage Market

US Cold storage Market

View original at www.marketdataforecast.com

Market Overview: The volume of the United States of America Cold storage industry in 2018 was valued at USD 15.26 billion and is expected to increase by 3.7% CAGR between 2019 and 2025. Growth can be due to a number of important factors, for example, developments in engineering for packaging, processing and storage of perishable food products and temperature sensitivity. Service providers have increased efforts to prevent possible abuse or malicious activity against temperature-controlled goods. Not only cooling storage facilities but staff and guests are included in the system. As a result of this, the demand for implementation of control modules, such as telematics, telemetry devices, RFID devices, sensors and data loggers has increased, and networking devices are being raised for improving cooling storage and transport performance and capacity. Steadily increasing consumer health perception has led to increased consumption and demand for quality products and healthy eating habits. The market has greatly benefited from the strict regulations governing the production and provision of products that are sensitive to temperature. Due to growing organized retail industries in the emerging economies, the industry is ready for unprecedented growth over the forecast period. Market value and expected growth – U.S. Cold storage Market is projected to grow at a CAGR of around 7.3% during the forecast period. The market is expected to reach USD 25.5 billion by 2025, from USD 16.7 billion in 2019. In addition, increasing automation would fuel demand in cooled warehouses. The processing automation involves cloud technology, robotics, transmission belts, automation of charging trucks and the control of fuel. Cold storage has become an integral part of SCM for the transport and storing of products sensitive to temperature. Also, rising trade in peregrinated goods is expected in the coming years to fuel demand for solutions for refrigerated processing. Temperature-controlled […]

Sue Boczenowski

About the Author

Sue Boczenowski is the Marketing Manager for Abel Womack.

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