As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The cold chain market in North America is being driven by the rising demand for perishable food items, including meat and seafood, and processed food in the region. Another factor that is expected to aid the market growth over the forecast period is the growing demand for cold chain logistics from the health care sector and the thriving e-commerce industry. The increase in the number of clinical trials and the growing production of temperature-sensitive healthcare products, particularly in the United States, is expected to boost the industry growth. Based on temperature, the chilled cold chain segment dominates the industry, accounting for most of the market share. Some of the major players in the industry include Americold Logistics and Lineage Logistics Holding, LLC.
The growing consumer disposable incomes and rising population are driving the demand for perishable products, which, in turn, is supporting the growth of the cold chain market in North America. In April 2020, Americold Logistics announced that the company had acquired Cloverleaf Cold Storage in a bid to expand its capacity by adding 132 million cubic feet of storage space in 22 facilities, thus, aiming to fulfill the growing demand for cold chain services in the region and enhance its market share in the United States.
Moreover, e-commerce is also driving the demand for cold storage space. The growth of online grocery sales, particularly in the United States, is generating increased demand for cold storage facilities in North America. In October 2020, Amazon (NASDAQ: AMZN) announced that the company would start offering free two-hour grocery delivery to its Amazon Prime members, which could dramatically impact the demand for cold storage facilities in the region. Such developments are expected to aid the growth of the cold chain market in North America over the forecast period.
Market Breakup by Service Type, Temperature, End Use, and Country:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the North America cold chain market are Americold Logistics, Lineage Logistics Holding, LLC, United States Cold Storage Inc., and VersaCold Logistics Services, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.