Global Refrigerated Warehousing And Storage Market to Reach $288.15 Billion by 2029, Growing at 8.4% CAGR

What Is the Expected Size and Growth Rate of the Refrigerated Warehousing And Storage Market?
Recent years have witnessed a robust growth in the refrigerated warehousing and storage market. The market, which stood at $190.82 billion in 2024, is projected to rise to $209.03 billion in 2025, implying a compound annual growth rate (CAGR) of 9.5%. This remarkable growth during the historic period can be related back to the global expansion of the food supply chain, increasing consumer inclination towards fresh products, the surge in e-commerce and online grocery shopping, and specific requirements of the pharmaceutical supply chain.

The market for refrigerated warehousing and storage is predicted to experience significant expansion in the upcoming years, ballooning to a value of $288.15 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. The projected growth during this period can be traced back to factors such as population increase and urbanization, sustainability and energy efficiency, economic expansion in emerging markets, and the impact of climate change and severe weather conditions. Major trends anticipated within this timeframe include integration of technology, emphasis on energy efficiency and sustainability, the growing prevalence of e-commerce and last-mile delivery, along with the need for cold storage in e-pharmacy sector.

What Factors Are Fueling Growth in the Refrigerated Warehousing And Storage Market?
More and more, warehouses are incorporating mobile technologies to effectively oversee operations. This involves the utilization of tablets, smartphones, handheld printers, and other portable communication and information devices that employ GPS, RFID, VoIP, digital imaging, and voice technology. Technicians who operate forklifts and automated material handling equipment in a warehouse environment are using these mobile technologies to gain insights into concerns like troubleshooting, repairs, and work orders. Such technology gives warehouse managers real-time access to equipment status and performance reports, enabling them to monitor operations consistently. Additionally, wearable technologies like smart glasses are being fused with warehouse management systems, providing a hands-free experience for workers. A study by MHI, a group focused on material handling, logistics, and the supply chain, indicates that 22% of respondents have integrated mobile technologies in their warehouses. Moreover, the adoption rate is projected to hit 45% in the upcoming two years.

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Which Leading Companies Are Shaping the Growth of the Refrigerated Warehousing And Storage Market?
Major companies operating in the refrigerated warehousing and storage market include 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, Americold Reality Trust Inc., United States Cold Storage Inc., NewCold Cooperatief U.A., Nichirei Logistics Group Inc., Emergent Cold LatAm Management LLC, 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., Confederation Freezers, Trenton Cold Storage Inc., Nor-Am Cold Storage, Burris Logistics, Agri-Norcold A/S, Vertical Cold Storage, ColdPoint Logistics, Hanson Logistics Ltd., Cloverleaf Cold Storage Co., Henningsen Cold Storage Co., Gruppo Marconi Logistica Integrata, Zero Mountain Inc.

What Are the Major Trends Shaping the Refrigerated Warehousing And Storage Market?
Leading businesses in the refrigerated warehousing and storage market are generating cutting-edge warehouse solutions to deliver trustworthy services to their clients. These modern, technology-equipped facilities are aimed at enhancing storage, retrieval, and management operations. For example, FlexCold, a U.S. firm specializing in transforming cold storage warehousing, introduced a new warehouse in October 2022 to make positive changes and advancements in the area of cold storage and food logistics warehousing. This new facility has been outfitted with two versatile rooms, suitable for housing either frozen or chilled items: one room that maintains subzero temperatures, and a blast freezer room used for freezing goods like poultry to absolute zero in under 36 hours. This facility also offers immediate sea links to 140 ports in 70 nations and is within a one-day's drive for over 98 million customers.

What Are the Key Segments of the Refrigerated Warehousing And Storage Market?
The refrigerated warehousing and storage market covered in this report is segmented -

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

Subsegments:
1) By Cold Storage: Refrigerated Containers, Blast Chillers, Bulk Cold Rooms
2) By Frozen Storage: Deep Freezers, Walk-in Freezers, Freezer Warehousing Facilities

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Which Region Dominates the Refrigerated Warehousing And Storage Market?
Asia-Pacific was the largest region in the refrigerated warehousing and storage market in 2023. North America was the second largest region in the refrigerated warehousing and storage market. The regions covered in the refrigerated warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Refrigerated Warehousing And Storage Global Market Report?

- Market Size Analysis: Analyze the Refrigerated Warehousing And Storage Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Refrigerated Warehousing And Storage Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Refrigerated Warehousing And Storage Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Refrigerated Warehousing And Storage Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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