The global cold chain market size is estimated to grow at a CAGR of 18.04% from 2024 to 2028, according to Technavio.
The North American region dominates the global cold chain market, driven by the surge in protein-rich food imports and online grocery sales. IT spending on advanced technologies like cloud computing, IoT, RFID, and data analytics is crucial for effective inventory management and temperature control of temperature-sensitive products.
Regulations and warehouse management systems are essential for ensuring compliance and efficiency. Market concentration is high, with strategic partnerships and mergers and acquisitions shaping the industry landscape. Characteristics of the North American cold chain market include advanced IT infrastructure, stringent regulations, and a focus on optimizing cold storage logistics.
Find out more at: https://www.technavio.com