Global Refrigerated Warehousing Market: Key Highlights
Global Refrigerated Warehousing Market: Key Market Dynamics
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Global Refrigerated Warehousing Market: Regional Overview
North America, refrigerated warehousing market is anticipated dominate during the forecasted period. The growth is attributed to some of the factors such as the presence of major players, increasing consumer spending, rising e-commerce activities, and others. Americold, Lineage Logistics Holdings LLC, and United States Cold Storage are major companies in refrigerated warehousing located in the U.S.
Asia-Pacific is expected to dominate the refrigerated warehousing market growth during the forecasted period. This is attributed to factors such as increasing demand for perishable food products, rapid urbanization coupled with increased disposable income, increase exports of food and products. Countries such as India and China have large refrigerated warehousing capacity due to the developing pharmaceutical and food sector. For instance, according to the Global Cold Chain Alliance (GCCA), India has 150 million cubic meters of refrigerated warehousing in 2018. While China has 105 million cubic meters of refrigerated warehousing capacity.
Global Refrigerated Warehousing Market: Key Players Overview
Americold is a provider of customized temperature-controlled infrastructure and supply chain solutions. The company operates through the warehouse, the third party managed, and the transportation business segment. Global Chain Alliance (GCCA) has certified 133 Americold U.S. sites under the Energy Excellence Recognition Program. In February 2020, the company entered into a strategic joint venture to own around 15% of SuperFrio Armazéns Gerais SA (“SuperFrio”), a leading temperature-controlled storage operator in Brazil.
Lineage Logistics Holding, LLC is engaged in providing innovative solutions in temperature-controlled storage facilities. The company offers customized cold storage solutions, post-centric warehousing, and automated warehousing, food processing, and others. In November 2019, the company acquired Emergent cold. This will help the company expand its market in the Asia Pacific region and signified its entry into the Australian, New Zealand, and Sri Lankan temperature-controlled logistics markets.
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