Refrigerated Warehousing Market Worth USD 412.90 billion by 2031 | AGRO Merchants Group, LLC, AmeriCold Logistics LLC

By ownership, the private and semi-private segment is anticipated to exhibit significant growth in the near future.

WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 15, 2024 /EINPresswire.com/ -- The global 𝐑𝐞𝐟𝐫𝐢𝐠𝐞𝐫𝐚𝐭𝐞𝐝 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭¹ was valued at $129.80 billion in 2021, and is projected to reach $412.90 billion by 2031, growing at a CAGR of 12.5% from 2022 to 2031. Rise in demand for perishable goods and surge in need for refrigerated warehouse from major companies have boosted the growth of the global refrigerated warehousing market. However, high operational cost hinders the market growth. On the contrary, adoption of advanced technologies would open new opportunities in the future.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 264 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/A09081

The increased demand for refrigerated warehousing for fresh fruits and vegetables has resulted in development of new and expanded refrigerated warehousing technology and structural improvements. Several logistics companies are also opening new refrigerated warehouses to store and import/export fruits & vegetables, which supplements the growth of the segment. For instance, February 2022, Transitex, a Lisbon-based logistics operator, opened its first refrigerated warehouse in Elvas, with the initial investment of $2.03 million (EUR 2 million). The new facility will provide integrated services to fruit and vegetable exporters in Portugal and Spain.

By ownership, the public segment held the largest share in 2021, accounting for around two-thirds of the global refrigerated warehousing market, and is projected to continue its dominance during the forecast period. This is due to increase in use of refrigerated warehousing by major companies such as Nestle, Good Humor, and Tyson. However, the private and semi-private segment is estimated to register the highest CAGR of 13.8% during the forecast period, as it is used for storage of cold food products, raw foods such as meat or vegetable, and others.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/refrigerated-warehousing-market/purchase-options

By application, the meat & sea food segment held the largest share in 2021, accounting for more than one-third of the global refrigerated warehousing market, and is expected to continue its dominance throughout the forecast period. This is due to increase in demand for meat & meat products, salmon, sardine, and shrimp and surge in consumer awareness and inclination toward organic food that are natural and do not have artificial preservatives. However, the drugs & pharmaceuticals segment is projected to manifest the highest CAGR of 15.4% during the forecast period, as different storage conditions and stringent temperature control are essential aspects of the storage of drugs and pharmaceuticals goods.

The global refrigerated warehousing market is witnessing growth², due to increasing demand for perishable goods, and increase in refrigerated warehouse. However, high operational cost is the factor hampering the growth of the market. Furthermore, adoption of technologies by refrigerated warehousing industry is the factor expected to offer growth opportunities during the forecast period.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

XPO Logistics, Inc., Confederation Freezers, Lineage Logistics Holding, LLC, NewCold Advanced Cold Logistics, Nichirei Logistics Group Inc., United States Cold Storage, Inc., Interstate Warehousing, Inc., Trenton Cold Storage Inc, Nor-Am Cold Storage, Inc., AmeriCold Logistics LLC, Burris Logistics, AGRO Merchants Group, LLC, Congebec Logistics Inc., VX Cold Chain Logistics, Frialsa Frigoríficos, S.A. de C.V.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A09081

KEY FINDINGS OF THE STUDY

By ownership, the private and semi-private segment is anticipated to exhibit significant growth in the near future.

By temperature, the chilled segment is anticipated to exhibit significant growth in the near future.

By application, the drugs & pharmaceuticals segment is anticipated to exhibit significant growth in the near future.

By region, Europe is anticipated to register the highest CAGR during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A09081

Moreover, government assistance and the start of vaccination campaigns across the globe are expected to boost the growth of the refrigerated warehousing market during the forecast period.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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David Correa
Allied Market Research
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¹ https://www.alliedmarketresearch.com/refrigerated-warehousing-market-A09081
² https://www.alliedmarketresearch.com/press-release/refrigerated-warehousing-market.html