Press release
In Global Warehousing the Cold Storage Market Set to Reach $915.70 Billion by 2030
Cold storage warehouses, comprising specialized facilities for perishable goods, accounted for a smaller yet substantial share of 26.58% of the market. These warehouses are specifically designed to store temperature-sensitive products such as food items and pharmaceuticals, ensuring their preservation and quality.
► Cold Storage Market Surges to New Heights
The global cold storage warehousing market witnessed a remarkable surge in 2023, with revenues soaring to USD 138.86 billion, driven by burgeoning demand across pharmaceuticals, fast-moving consumer goods (FMCG), and chemical sectors. This exponential growth, marked by a notable double-digit growth from the previous year, underscores the pivotal role of cold storage facilities in preserving the freshness and safety of perishable goods worldwide.
► Asia-Pacific Emerges as a Beacon of Growth
Amidst the chilling demands of the global cold storage market, the Asia-Pacific region emerges as a beacon of growth, outshining all others with a staggering revenue escalation to USD XX billion in 2022, representing a growth rate of 11.84%. Its exceptional growth rates solidify its position as a bright spot in the world's cold chain landscape, illuminating a promising path forward for the industry worldwide.
► Key Developments and Investments Propel Industry Forward
The report highlights key developments that have propelled the cold storage industry forward, including notable expansions and investments by industry giants such as Lineage Logistics, Americold, and GulfDrug. Lineage Logistics expanded its operations with the inauguration of Savannah Fresh in Georgia, while Americold strengthened its presence in Spain through facility expansions. GulfDrug unveiled an advanced supply chain management facility in Abu Dhabi, enhancing connectivity and robustness in medical and pharmaceutical distribution.
► Germany's Cold Chain Infrastructure Takes Centre Stage
Germany's robust agricultural sector and strategic position in Europe have fostered the establishment of a well-developed cold chain infrastructure, with 133 cold storage facilities as of January 9, 2024. As the third-largest global importer of frozen vegetables and a key food exporter to the UK, Germany's focus on quality and dependability has spurred significant investments in refrigeration technologies, temperature-controlled warehouses, and transport systems.
► Rising Demand Spurs Growth in Perishable Goods Warehouses
With increasing consumer awareness and demographic shifts towards urban areas, there is a rising demand for the storage of perishable items in Germany. Investors are particularly attracted to facilities located in primary coastal markets while emerging secondary markets in regions like Hamburg and Berlin are also garnering attention. This surge in demand is expected to drive the highest growth rate in the warehousing market in 2028, with anticipated growth exceeding 8%.
► Opportunities in the Cold Storage Market
Looking ahead, the global cold storage market is projected to reach a staggering USD 915.70 billion by 2030, with a compound annual growth rate (CAGR) of 8.6% during 2024-2030. The report forecasts continued growth and expansion driven by rising demand for warehousing services, particularly in the e-commerce sector, and optimization of supply chains to meet consumer demands for fast and efficient delivery.
► Find Out More
Makreo Research's report, 'Global Warehousing and Cold Storage Market Size and Forecast (2020-2030),' offers a detailed examination of key players in the cold-chain sector, including XPO, Americold, Lineage Logistics, Kuehne Nagel, and CJ Logistics America.
The report begins with a competitive analysis of major participants in the warehouse market, followed by comprehensive company profiles focusing on financial considerations, mergers and acquisitions, and funding timelines.
It provides insights into the historical and current performance of the global warehouse market, identifying key drivers for future growth and examining critical aspects such as warehouse capacity, utilization rates, and emerging trends.
Key factors influencing the market include the expansion of e-commerce, technological advancements, and shifts in the logistics industry. The analysis aims to equip stakeholders with a clear understanding of market dynamics and potential investment opportunities.
► Period of Study
■ 2018 - 2022: Past and Present Scenario
■ 2023: Base year of study
■ 2024 - 2030: Future Outlook of the industry
► Global Warehousing Market Key Facts:
■ Global Warehousing Market by Type of Warehouses
■ Global Warehousing Market Revenue
■ Global Cold Storage Market Revenue
■ Global Premium Warehousing Market
■ Global Warehousing Demand by End User
■ Warehousing Rentals by Type and Size
■ Cold Storage Rentals
■ Opportunities in Global Warehousing Market
■ Future Outlook of Asia Warehousing Market
■ Future Outlook of North America Warehousing Market
■ Future Outlook of Europe Warehousing Market
► Geographies Covered:
■ Asia Pacific (India, China, Japan, Australia, Philippines)
■ North America (United States, Canada)
■ Europe (Germany, UK, Poland, France, Spain, Sweden)
■ Middle East (UAE, Qatar)
► Competitive Landscape
■ Mergers and Acquisitions
■ Funding Timeline
■ Company Profiles
► Companies Covered
■ Kenco Logistics Services LLC
■ XPO
■ Americold Logistics
■ Kuehne Nagel AG
■ CJ Logistics America
■ Lineage Logistics
■ Tippmann Group
■ RAK Logistics
■ United States Cold Storage Inc.
■ NewCold Holdings
Research Study:
Global Warehousing and Cold Storage Market Size and Forecast (2020-2030) - Focus on by Type of Services (General, Specialized, Cold Storage), by Geography and Industries
https://www.makreo.com/report/global-warehousing-and-cold-storage-market-size-and-forecast-2020-2030
Related Reports:
Germany Warehousing and Cold Storage Market Size and Forecast (2020-2030)
https://www.makreo.com/report/germany-warehousing-cold-storage-market-size-forecast-2020-2030
India Warehousing and Cold Chain Market Size and Forecast (2018-2030)
https://www.makreo.com/report/india-warehousing-cold-chain-market-size-forecast-2018-2030
Makreo Research and Consulting
801, Trishul Goldmine, Palm Beach, Sector 15, Belapur, Navi Mumbai, Maharashtra 400614
Contact us at:
Meetu Bhasin, Director of Research and Operations
Phone Number
+91-9619699069
Email Address
info@makreo.com
Makreo, a dynamic full-service research and consulting firm located in Navi Mumbai, is dedicated to reshaping the research landscape and delivering comprehensive solutions to intricate business challenges.
Our mission is to streamline the ever-changing economic landscape and intricate market dynamics, leveraging brilliant minds and cutting-edge technology to make a substantial difference in the realm of business and decision-making.
Key Services:
1. Syndicated Research
2. Customised Research and Consulting
3. Market Surveys
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