The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Refrigerated Warehousing And Storage Global Market Report 2023, the refrigerated warehousing and storage market is expected to show significant growth in the forecast period.

The refrigerated warehousing and storage market has witnessed robust growth in recent years, surging from $172.31 billion in 2023 to an estimated $187.87 billion in 2024. This impressive Compound Annual Growth Rate (CAGR) of 9.0% is reflective of key factors shaping the market, including the globalization of the food supply chain, increasing consumer demand for fresh products, the surge in e-commerce, and the evolution of online grocery shopping.

Drivers of Historic Growth

• Globalization of the food supply chain
• Consumer demand for fresh products
• E-commerce and online grocery shopping
• Pharmaceutical supply chain requirements

A Frosty Forecast

Anticipating sustained growth, the refrigerated warehousing and storage market is poised to reach $262.9 billion in 2028, boasting a CAGR of 8.8%. The forecasted surge is attributed to a confluence of factors such as population growth and urbanization, a focus on sustainability and energy efficiency, economic prosperity in emerging markets, and the impact of climate change and extreme weather events.

Forecasted Growth Catalysts

• Population growth and urbanization
• Sustainability and energy efficiency
• Economic growth in emerging markets
• Climate change and extreme weather events

Trendspotting in the Future

As we delve into the forecast period, several trends are expected to shape the refrigerated warehousing and storage landscape.

Trends in the Forecast Period

• Technology integration
• Energy efficiency and sustainability
• E-commerce and last-mile delivery
• Cold storage for e-pharmacies

View More On The Refrigerated Warehousing And Storage Market Report 2023 – https://www.thebusinessresearchcompany.com/report/refrigerated-warehousing-and-storage-global-market-report

Mobile Tech Revolutionizing Warehouses
The integration of mobile technologies is playing a pivotal role in optimizing warehouse operations. From tablets and smartphones to mobile printers and handheld devices, these technologies leverage GPS, RFID, VoIP, digital imaging, and voice technology. Warehouse technicians, operating forklifts and automated equipment, utilize mobile technologies for real-time troubleshooting, repairs, and work orders. Wearable technology, like smart glasses, is also finding its place in warehouse management systems, enhancing hands-free mobility for workers. According to a report by MHI, 22% of respondents already use mobile technologies in warehouses, with an expected adoption rate of 45% in the next two years.

Industry Players

• AmeriCold Logistics
• Nichirei Corporation
• Lineage Logistics Holdings LLC
• Henningsen Cold Storage Co.
• Burris Logistics
• Toyo Suisan Kaisha Ltd.
• Agro Merchants North America Holdings LLC
• Nippon Suisan Kaisha Ltd.
• Snowman Logistics Ltd.
• Lineage Logistics
• Interstate Warehousing Inc.
• Frialsa Frigorificos S.A. De C.V.
• Constellation Cold Logistics
• Superfrio Logistica Frigorificada
• FreezPak Logistics
• Conestoga Cold Storage Limited
• Congebec Logistics Inc.
• METCOLD Supply Network Management Limited
• RLS Logistics
• Friozem Armazens Frigorificos Ltda.
• Magnavale Ltd.
• Gruppo Marconi Logistica Integrata
• Zero Mountain Inc.

Innovative Warehouse Facilities
Major players in the market are investing in innovative warehouse facilities to provide cutting-edge services. These facilities are designed to optimize storage, retrieval, and management processes. For example, FlexCold, a US-based provider of cold storage warehousing, launched a facility designed with adaptable rooms for frozen or chilled goods. The facility includes a blast freezer room where goods like poultry can be frozen to absolute zero in less than 36 hours. With direct ocean connections to 140 ports in 70 countries, it exemplifies the evolving landscape of refrigerated warehousing.

Market Segmentation

1. By Type:
   • Cold Storage
   • Frozen Storage
2. By Ownership:
   • Private Warehouses
   • Public Warehouses
   • Bonded Warehouses
3. By Application:
   • Fruits and Vegetables
   • Bakery and Confectionery
   • Milk and Dairy Products
   • Meat
   • Seafood
   • Beverages
   • Other Applications

Regional Leadership

Asia-Pacific emerged as the largest region in the refrigerated warehousing and storage market in 2023, underscoring the global significance of the industry with diverse markets contributing to overall growth.

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The Refrigerated Warehousing And Storage Global Market Report 2023  provides an in-depth analysis on the refrigerated warehousing and storage market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the refrigerated warehousing and storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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