Increasing Consumer Demand for Perishable Foods & Products Has Anticipated to Propel The Refrigerated Warehousing Market Growth

Refrigerated Warehousing Market Size, Share, Trends, Growth, Analysis, Research

Global Refrigerated Warehousing Market: Key Highlights

  • According to the new market research report Refrigerated Warehousing Market by Technology (Vapor Compression System (VCS), Blast Freezing, Evaporative Cooling, Programmable Logic Controller (PLC), Others), by Temperature (Frozen & Chilled), by Component (Compressors, Evaporators, Insulated Panels, Condensers, Other), by Application (Milk & Dairy Products, Fruits & Vegetables, Bakery Products, Pharmaceuticals, Beverages, Others), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2019 to 2027)”, the global refrigerated warehousing market is estimated to reach USD 39.5 Billion by 2027 at a CAGR of around 6.8% during the review period.  
  • Refrigerated warehousing is the best place to store perishable foods and products, as they help to prolong the lifespan and prevent them from spoilage
  • Refrigerated warehousing helps to stabilize market price an evenly distributes goods both on a time basis and demand basis
  • Refrigerated warehousing serves various needs in the food logistics process such as storage of seasonally produced foods to allow them to be available year-round, short term storage staged in strategic locations to meet retail distribution needs and import-export logistics facilities along global transportation routes

Refrigerated Warehousing Market

Global Refrigerated Warehousing Market: Key Market Dynamics

  • Increasing demand from pharmaceutical sectors to store biological drugs at the desired temperature and ensure safe supply to end-user has expected to surge the product market growth
  • Growing consumer demand for fresh food products along with demand for frozen and ready to eat has anticipated boosting the e-commerce for grocery stores thus boosting the refrigerated warehousing market growth
  • The high initial investment required to build the refrigerated warehousing is one of the major factor that hampers the market growth during the certain extent

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Global Refrigerated Warehousing Market: Regional Overview

  • North America

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

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:

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:

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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Rep Id : FnB 012

Published : 2020-03-12

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