Refrigerated Warehousing Market in North America 2017-2021
About Refrigerated Warehousing Market in North America
Refrigerated warehouse is a type of refrigerated storage used to store perishable goods under refrigeration at temperatures usually below 50°F. The basic types of refrigerated warehouses are private and public refrigerated warehouses. Refrigerated warehouses are used for the storage of several products such as meat, fish, and seafood, dairy and frozen desserts, fruits, vegetables, and beverages, bakery and confectionery, and pharmaceutical.
Technavio’s analysts forecast the refrigerated warehousing market in North America to grow at a CAGR of 13.39% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the refrigerated warehousing market in North America for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of refrigerated warehouse facilities for several types of products, which include meat, fish, and seafood; dairy and frozen desserts; fruits, vegetables, and beverages; bakery and confectionery; and pharmaceutical products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Refrigerated Warehousing Market in North America 2017-2021
Technavio recognizes the following companies as the key players in the refrigerated warehousing market in North America: Americold, Lineage Logistics, Preferred Freezer Services, and John Swire & Sons Pty.
Other Prominent Vendors in the market are: AGRO Merchants Group, Kloosterboer, VersaCold, Cloverleaf Cold Storage, Burris, and Conestoga.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising temperature-controlled packaging solutions. The temperature controlled packaging solutions consist of insulated containers and insulated shippers to carry chilled and frozen products in a cold chain. The global temperature controlled packaging solutions market accounted for more than $8 billion in 2016 and is expected to reach more than $13 billion by 2021. It is expected to grow at a CAGR of nearly 10% during the forecast period. The temperature controlled packaging solutions market in North America accounted for the highest share of more than 37% among all the regions in the global temperature controlled packaging solutions market in 2016.”
According to the report, one of the major drivers for this market is Increasing demand for food safety. The refrigerated warehouse market in North America is growing because of an increasing demand for food safety. This is because these warehouses provide an appropriate temperature and relative humidity, which enhances the shelf life of food.
Further, the report states that one of the major factors hindering the growth of this market is High energy consumption. The refrigerated warehousing market in North America is impacted by high energy consumptions required for warehousing. The refrigeration used in a refrigerated warehouse consumes more than 50% of the overall energy consumed.
Americold, Lineage Logistics, Preferred Freezer Services, John Swire & Sons Pty, AGRO Merchants Group, Kloosterboer, VersaCold, Cloverleaf Cold Storage, Burris, and Conestoga.
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