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United States Cold Storage Market is Expected to Grow at a CAGR of 4% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘United States Cold Storage Market Report and Forecast 2022-2027, The United States cold storage market reached a value of about USD 16 billion in 2020. The market is likely to increase at a CAGR of 4% in the forecast period 2022-2027 to reach a value of USD 20 billion by 2026.

The United States cold storage market is rapidly growing because the region is widely considered to be one of the major markets for technological development responsible for successful cold storage process management. The market is likely to bring the pharmaceutical industry growth opportunities. Inventory management of pharmaceutical products, for example, vaccines and medicinal products is a costly process, requiring adequate safety measures to protect the quality of the product. The possibility of destroying temperature-sensitive goods is significantly alleviated by advanced cold storage systems that offer positive features, including advanced refrigeration technologies and monitoring and tracing systems for various products, such as fruits and vegetables.

In July 2020, Wabash National Corporation (NYSE: WNC), one of the key players, introduced refrigerated inserts from Gruau to its fit-out solutions for cold storage transportation. The Gruau Insert is a complete cooling update solution that includes lightweight, low-profile modules designed to effectively control the climate whilst also maintaining the maximum space available and the exterior of the van. Such innovations in the cold storage technology by major players are expected to propel the growth of the industry in the United States.

Market Analysis by Warehouse Type, Construction Type, Temperature Type, and Application:

  • The cold storage warehouse-type can be divided into private and semi-private and public.
  • The construction type in the industry includes bulk storage, production stores, and ports.
  • The temperature of the cold storage could be chilled or frozen.
  • It finds application in fruits and vegetables, dairy, fish, meat, and seafood, processed food, and pharmaceuticals.

Key Findings of the Report:

  • The United States cold storage market is being driven by the rising technological advancements in the region.
  • The increasing efforts by the producers to conserve tempering-sensitive products, especially foodstuffs, are propelling the development of the market.
  • The growing popularity of connected lorries refrigerated high-cube trailers, as well as vehicles that provide cross-product transportation, is driving the market.
  • The industry is being aided by the rising food and beverage industry in the United States.

Key Offerings of the Report:

  • The EMR report gives an overview of the United States cold storage market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the warehouse types, construction types, temperature types, and applications of cold storage.
  • The EMR report also provides an insight into the price and demand indicators of the United States cold storage market.

The major key players in the United States cold storage market include companies like Americold Logistics LLC, Agro Merchant Group LLC, Burris Logistics, Inc., Lineage Logistics Holdings, LLC, United States Cold Storage, Inc., and Wabash National Corporation, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

About Us:

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.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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