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Cold Storage Transportation Market Trends

Report ID: GMI10705
Published Date: Aug 2024
Report Format: PDF

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Cold Storage Transportation Market Trends

The adoption of Automated Storage and Retrieval Systems (ASRS) is significantly influencing the cold storage transportation industry. Utilizing robotics and sophisticated software, ASRS automates the processes of storing and retrieving goods, which boosts operational efficiency and accuracy. By minimizing manual handling, these systems reduce errors, streamline inventory management, and optimize space within cold storage facilities. This technological advancement enhances operational speed and accuracy while also contributing to cost savings and improved adherence to stringent food safety regulations.

For instance, in June 2024, Agro Merchants Group invested in automated storage and retrieval systems to enhance its cold storage operations. This investment aims to improve efficiency and accuracy in handling temperature-sensitive products, ensuring better service for its customers in the food and pharmaceutical industries.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of cold storage transportation reached USD 126 billion in 2023 and is set to grow at over 5% CAGR between 2022 and 2032, led by the increasing consumption of perishable goods.

The food & beverages segment is expected to reach a value over USD 50 billion by 2032, driven by a rising consumer preference for fresh and processed foods, which necessitates efficient cold storage solutions.

North America market accounted for a revenue share of over 35% in 2023, as the region benefits from advanced infrastructure and technological innovations.

Agro Merchants Group, Americold Logistics, Lineage Logistics, Nichirei Logistics Group, OOCL Logistics, Swire Cold Storage, VersaCold Logistics Services among others.