The Frozen Storage Global Market Report 2023, provides comprehensive information on the frozen storage market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/frozen-storage-global-market-report
The global frozen storage market size is expected to grow from $123.11 billion in 2022 to $134.83 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global frozen storage market size is expected to reach $188.20 billion in 2027 at a CAGR of 8.7%.
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Technological advancement is the key trend gaining popularity in the frozen storage market. Major companies operating in the frozen storage market are adopting new technologies to sustain their position in the market. For instance, in October 2021, Quantum Corporation, a US-based technology, software, and service provider, launched ActiveScale Cold Storage, a new innovative technology for cold storage. ActiveScale technology provides a combination of advanced object store software and hyper-scale tape technology that provides low-cost, secure, and highly durable storage for archiving cold data. ActiveScale’s two-dimensional erasure coding (2D EC) software encrypts data between and across tapes, tape drives, libraries, and geographically distributed data centers while also offering industry-leading data access performance, durability, and storage efficiency.
The frozen storage market is segmented:
1) By Warehouse Type: Private and Semi-private, Public
2) By Construction: Bulk Storage, Production Stores, Ports
3) By Application: Processed Food, Fruits and Vegetables, Fish, Meat, and Sea Food, Pharmaceuticals, Other Applications
North America was the largest region in the frozen storage market in 2022.
The table of contents in TBRC’s frozen storage market report includes:
1. Executive Summary
2. Frozen Storage Market Characteristics
3. Frozen Storage Market Trends And Strategies
4. Frozen Storage Market – Macro Economic Scenario
5. Frozen Storage Market Size And Growth
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26. Africa Frozen Storage Market
27. Frozen Storage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Frozen Storage Market
29. Frozen Storage Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Americold Logistics Inc
- Lineage Logistics Holdings LLC
- Burris Logistics Company
- Barloworld Limited
- Cloverleaf Cold Storage Co. LLC
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