Global Refrigerated Warehousing Market Analysis 2021

Global Refrigerated Warehousing Market Analysis 2021

The Global Refrigerated Warehousing Market is expected to reach $55.03 billion by 2027 growing at a CAGR of 12.2% from 2020 to 2027. Refrigerated warehouses are special types of warehouses, where perishable goods & merchandise are stored under specific temperatures – mostly under sub-zero temperatures. Perishable products such as meat, fruits and vegetables, and frozen packaged food are stored in refrigerated warehouses to extend their shelf life and maintain the quality and freshness of products. These refrigerated warehouses eliminate the risk of sprouting and insect damage and are connected with logistics like refrigerated containers and refrigerated ships to transport the goods to other locations.

Factors such as growth in consumer demand for perishable foods, the requirement of food safety & taste consistency, and the growing trend of consumption of packaged food are driving the growth of the market. However, high energy consumption and infrastructure cost are restraining the growth of the market.

Based on the application, the fruits & vegetables segment is going to have a lucrative growth during the forecast period which can be attributed to the growing health-consciousness among consumers and their rising incomes which have boosted the consumption of a wide variety of frozen and chilled products, particularly fruits & vegetables. In countries like North America and Europe, health concerns are driving the demand for fruits & vegetables, as consumers prefer healthier and more nutritious options in their diet.

The key vendors mentioned are Conestoga Cold Storage, Cloverleaf Cold Storage, Nordic Logistics and Warehousing, LLC, A.B. Oxford Cold Storage Pty. Ltd., Trenton Cold Storage, Hanson Logistics, Interstate Cold Storage, Snowman Logistics Limited, Henningsen Cold Storage Co., XPO Logistics, Inc., Americold Logistics, LLC, Nterstate Cold Storage Inc., Frialsa Frigoríficos, Nichirei Logistics Group Inc., Kloosterboer and Lineage Logistics.

Temperatures Covered:
• Frozen
• Chilled

Technologies Covered:
• Radio Frequency Identification (RFID)
• Vapour Absorption System (VAS)
• Evaporative Cooling
• Vapor Compression System (VCS)
• Blast Freezing
• Programmable Logic Controller (PLC)

Types Covered:
• Compressors
• Condensers
• Evaporators
• Controls
• Vessels, Pumps, Valves, and Auxiliary Equipment

Warehouses Covered:
• Specialized Warehousing and Storage
• Refrigerated Warehousing and Storage
• General Warehousing and Storage
• Farm Product Warehousing and Storage

Applications Covered:
• Milk & Dairy Products
• Healthcare and Pharmaceutical
• Fruits & Vegetables
• Food and Beverages
• Bakery & Confectionery
• Meat and Seafood
• Chemicals and Petroleum

Ownerships Covered:
• Public
• Bonded Warehouses
• Private

End Users Covered:
• Manufacturing
• Retail
• Consumer Goods

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period