Select Language
The latest report by IMARC Group, titled “North America Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the North America cold chain market reached a value of US$ 61.8 Billion in 2021. Cold chain 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 the quality of products.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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 logistics 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 8.60% during the forecast period (2022-2027).
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com