U.S. Cold Storage Market Research Report Released With Growth, Latest Trends & Forecasts Till 2025 | Grand View Research, Inc.

U.S. Cold Storage Market Research Report Released With Growth, Latest Trends & Forecasts Till 2025 | Grand View Research, Inc.
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According to a new report published by Grand View Research, the market growth can be attributed to several key factors such as technological advancements in packaging, processing, and storage of perishable food products and temperature-sensitive items.

The U.S. cold storage market size is estimated to reach USD 19.69 billion by 2025, expanding at a CAGR of 3.7% over the forecast period, according to the new report conducted by Grand View Research, Inc. U.S. is widely regarded as one of the leading markets in developing technologies responsible for effective management of cold storage processes. The market is expected to offer growth opportunities for the pharmaceutical industry. Inventory management of pharmaceutical goods such as vaccines and medicines is an expensive process, which necessitates adequate security measures to be undertaken for protection of product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods.

Growth of the U.S. cold storage market is profoundly influenced by extensive demand for perishable goods worldwide along with the availability of food and health supplies, and economic and political scenario. For instance, trade conflicts between U.S. and China is expected to negatively impact the growth. In March 2018, U.S. imposed a 25.0% tariff on steel and 10.0% on aluminum imported from China. The latter country, in turn, announced a 15-25.0% tariff on products imported from U.S., including pork, fruits, wine, nuts, and vegetables. These high tariffs imposed on food and agriculture produce are expected to negatively affect market growth.

Furthermore, outsourcing cold and frozen storage operations offers manufacturers various cost benefits. This can help eliminate costs associated with warehouse space and management, technology, transportation, and labor. Operational costs such as employee salaries, heating and cooling expenses, insurance, and electric power cost can also be reduced by working with supply chain partners. As a result, manufacturers can increase their profit margins and focus on core business activities such as quality product manufacturing, expanding customer base, and satisfaction of customer needs.

U.S. Cold Storage Market Report Highlights

 Rising demand for healthy food, import and export of refrigerated foods, and increasing private sector participation are expected to propel market growth

 Provision of cold storage facilities assists in extending the shelf life of perishable goods such as fresh agricultural produce and frozen foods

 Growing automation in warehouse management is anticipated to spur the growth over the forecast period

 Numerous initiatives undertaken with the objective of reducing wastage of post-harvest and processed foods is also expected to boost the market

 Some of the key participants operating in the U.S. cold storage market are Americold Logistics, LLC, AGRO Merchants Group North America, Burris Logistics, Cloverleaf Cold Storage, Henningsen Cold Storage Co., Lineage Logistics Holdings, LLC, Nordic Logistics, LLC, Preferred Freezer Services, United States Cold Storage, and Wabash National Corporation

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/us-cold-storage-market

U.S. Cold Storage Market Segmentation        

Grand View Research has segmented the U.S. cold storage market based on warehouse type, construction type, temperature type, application, and state:

U.S. Cold Storage Warehouse Type Outlook (Revenue, USD Billion, 2014 - 2025)

     Private & Semi-Private

U.S. Cold Storage Construction Type Outlook (Revenue, USD Billion, 2014 - 2025)

     Bulk Storage
    Production Stores

U.S. Cold Storage Temperature Type Outlook (Revenue, USD Billion, 2014 - 2025)


U.S. Cold Storage Application Outlook (Revenue, USD Billion, 2014 - 2025)

     Fruits & Vegetables
     Fish, Meat, & Seafood
     Processed Food

U.S. Cold Storage State Outlook (Revenue, USD Billion, 2014 - 2025)

     New Jersey
     New York
     North Carolina
     South Carolina
     North Dakota
     South Dakota

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/us-cold-storage-market/request/rs1

Browse More Related Report:

Cold Storage Market Size, Share & Trends Analysis Report By Construction Type (Bulk Storage, Production Stores), By Temperature Type (Chilled, Frozen), By Application, By Warehouse Type, And Segment Forecasts, 2021 - 2028

North America Cold Storage Market Size, Share & Trends Analysis Report By Warehouse (Private & Semi Private, Public), By Construction, By Temperature (Chilled, Frozen), By Application, And Segment Forecasts, 2021 - 2028

About Grand View Research

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.

Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs.

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