Lithium-ion Battery Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Lithium-ion Battery Market Analysis:

The Brazil Cold Chain Logistics Market is projected to witness substantial growth, with an estimated increase from USD 2.43 billion in 2023 to USD 3.92 billion by 2028, reflecting a CAGR of 10.02% during the forecast period (2023–2028).

The outbreak of the COVID-19 pandemic has had a significant impact on the domestic e-retailing sector and the consumption of processed foods and beverages in Brazil. This surge in demand has resulted in an increased need for refrigerated storage spaces and logistics services.

Brazil, being one of the world’s fastest-growing economies, holds a prominent position in the global cold storage industry, ranking among the top 20 markets worldwide. The country currently possesses a storage capacity of approximately 6 million cubic meters, as reported by the Global Cold Chain Alliance (GCCA). With its significant exports of fruits, meat, sugar, and soybeans, Brazil is actively developing its cold chain logistics and storage facilities to accommodate the anticipated growth in these sectors.

To enhance the efficiency of the logistics supply chain, the Brazilian government has allocated a budget of USD 10 billion towards infrastructure improvements. This investment is expected to drive the growth of the market by facilitating the expansion of transport infrastructure and improving connectivity. As the per capita income in the country continues to rise, individuals are gradually upgrading their living standards and adopting new food habits, favoring packaged, refrigerated, and ready-to-eat food items. This increase in disposable income has also contributed to a rise in overall retail grocery spending. Consequently, there has been a surge in the consumption of refrigerated and processed foods, further propelling the growth of the cold chain logistics market throughout the forecast period.

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