North America Cold Chain Market Demand, Trends and Business Opportunities 2023-2028

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Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global North America Cold Chain Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | IMARC Group © 2019 IMARC All Rights Reserved

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Global

North America Cold Chain Market Research Report:

The latest report by IMARC, titled “ North America Cold Chain Market: Global Industry Trends, Share, Size, Growth, Opportunity and Fore cast 2023-2028

”findsthat theNorthAmericacoldchainmarket reacheda valueofUS$67.1Billionin2022.Coldchain is a temperature-controlled surface transport and supply chain technology that enables safe transportation of temperature-sensitive goods and products. Cold chain employs refrigerated trucks, railcars, cargos, and air cargo as the mode of transportation. It uses thermal and refrigerated packaging methods to maintain the quality and shelf life of products, including fresh agricultural produce, seafood, frozen food, photographic films, chemicals, and pharmaceutical drugs. Cold chain solutions also extend the period of marketing, reduce transportation bottlenecks during peak time and maintain thequalityofproducts.

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Report Description Report Description and Highlights

Global North America Cold Chain Market Trends :

The market is primarily driven by the well-established retail sector in the region. In addition, cold chains are increasingly gaining prominence across North America due to the rising need for reducing the wastage of perishable products and commodities. Besides this, governing agencies are implementing initiatives to reduce food waste and expand retail chains by multinational companies, which is fueling the market growth. For instance, the World Trade Organization (WTO) and North America Free Trade Agreement (NAFTA) have created opportunities for exporters in the US to increase the trade of perishable food that is free of import duties. In addition, cold chain is used in the pharmaceutical industry to transport dangerous and perishable medicines and increase the efficacy of drugs throughout the supply chain. Moreover, the rising dependency on the internet for ordering fresh fruit and vegetable supplies from online retail channels due to hectic schedules of the working population have increased the demand for cold chain in the North American region. Furthermore, the introduction of advanced radio frequency identification (RFID) technologies for cold chain applications and the integration of Internet of Things (IoT) are creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 7.3% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

Report Description Report Description and Highlights

Report Description Report Description and Highlights

Market Summary:

Breakup by Service Type:

•RefrigeratedStorage

•RefrigeratedTransport

•Airways

•Roadways

•Seaways

•Railways

Refrigerated storage currently dominates the market, holding the largest share.

Breakup by Temperature:

•Chilled

•Frozen

Chilled temperature holds the largest market share.

Breakup by End User:

•MeatandSeafood

Report Description Report Description and Highlights

•FruitsandVegetables

•BakeryandConfectionery

•DairyandFrozenProducts

•Pharmaceuticals

•Others

Meat and seafood currently dominate the market, holding the largest share.

Breakup by Country:

•UnitedStates

•Canada United States is currently the biggest market.

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Competitive Landscape with Key Players: LineageLogistics

UnitedStatesColdStorage Inc.

VersaColdLogisticsServices

AGROMerchantsGroupandInterstateWarehousing

Inc..Kindlynotethatthisonlyrepresentsapartiallistofcompanies

• thecompletelisthasbeenprovidedinthereport

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A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

Report Description Report Description and Highlights

© 2019 IMARC All Rights Reserved

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