Dublin, Ireland: The European cold chain market is set to grow by 10.67% in the period 2022-27, according to the latest report from ResearchAndMarkets.com.
Its Cold Chain Market in Europe 2023-2027 report predicts growth valued at $57.56bn during the period boosted by logistics technology coupled with growing cross-border trade corridors and a rise in pharmaceutical e-commerce distribution.
“Breakthroughs in the integration of Internet of Things technologies within the cold chain sector are cited as key catalysts bolstering market advancement in the coming era. Additionally, an uptick in the adoption of Automated Storage and Retrieval Systems (AS/RS) and a heightened demand for comprehensive cold chain logistics services are anticipated to stimulate significant market demand,” the analysts say.
