May 16, 2019

Refrigerated Warehousing Market Strategies and Statistics

Refrigerated Warehousing Market Size and Growth Rate:

Refrigerated Warehousing Market was valued at USD xx billion in 2017 and projected to reach USD 29.17 Billion by 2022 growing at a CAGR of 10.2% during the forecast period 2017 to 2022.

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Refrigerated Warehousing Market Overview:

Refrigerated warehouse is the storage of any temperature-controlled substance that prevents that substance from decaying. Most commonly, cold storage is outsourced to a third party logistics provider, where products stay until they are ready to be shipped to an end user. As demand for the transportation of refrigerated goods increases, so does demand for value added services such as repack operations and consolidation. Customers tend to have more stringent requirements for the outsourcing market to, since retailers and end users have higher expectations when it comes to pallet building and traceability.

Because of these heightened expectations, third party logistics tend to have a lower return on investment for cold storage, and have to do everything possible to optimize their processes and facilities in order to remain profitable. There are many different types of cold storage, from individual units to entire dedicated facilities. They are blast freezers and chillers, cold rooms, pharmaceutical grade cold storage units, plant attached cold storage and dedicated cold storage facility. These warehouses offer a wide range of temperature for handling of various products such as fish, meat, and poultry, dairy and confectionary among others for storage purpose.

Refrigerated Warehousing Market Growth Drivers and Restraints:

The major reason that driving the demand for the refrigerated warehouse market are by increasing demand for the food and vegetable storage sections, such as dairy, meat etc. Rapid increase in demand for frozen food like milk and bread facilities over the last decade is another factor driving the demand for refrigerated warehousing. Moreover, increasing number of supermarkets in developing nations globally, is significantly driving more consumption of perishable food, thus boosting and escalating the demand for refrigerated warehousing.

However, the damage of frozen food due to prolonged storage is a major challenge faced by the refrigerated warehouse market and will be overcome in the forecast period.

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Geographical Analysis of Refrigerated Warehousing Market:

Geographically, North America is the dominant market for the refrigerated warehouse growth due to the tremendous increase in perishable fish and pharmaceuticals market and expected to continue in the future. Europe is the second largest market for the development of storage level food sectors like supermarkets and fish markets. Asia Pacific on other hand has a rapid growing market due to the large consumer base and rapid urbanization.

Key Players of Refrigerated Warehousing Market:

Some of the key players in the global refrigerated warehousing market are B. Oxford, Kloosterboer, Nordic Logistics and Warehousing, Berkshire Transportation, AmeriCold Logistics, Trenton Cold Storage, Conestoga Cold Storage, Lineage Logistics, Preferred Freezer Services, John Swire & Sons, Burris Logistics, and Nichirei Logistics Group.

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