Cold Storage Market to Expand With Strong Development by 2032
Cold Storage Market is projected to be worth USD 397.34 Billion by 2030, registering a CAGR of 14% during the forecast period (2022–2030), The market was valued at USD 122.19 billion in 2021. Cold storage is a type of warehouse or storage facility that is specifically designed to store perishable goods at low temperatures. Cold storage facilities are used to preserve a wide range of products, including food, pharmaceuticals, and other temperature-sensitive items. They are typically equipped with refrigeration and temperature control systems to ensure that the stored goods are kept at the appropriate temperature. The COVID-19 pandemic has had a significant impact on the cold storage industry. The increased demand for food and other essential goods during the pandemic has led to a surge in the demand for cold storage facilities. In addition, the pandemic has disrupted global supply chains and disrupted the movement of goods, which has put additional pressure on cold storage facil...