2025 Refrigerated Warehousing And Storage Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Refrigerated Warehousing And Storage Industry Market Size Be by 2025?
The size of the refrigerated warehousing and storage market has seen significant expansion in the past few years. The market is expected to increase from $190.82 billion in 2024 to $209.03 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. Factors such as the globalization of the food supply chain, the increasing demand of consumers for fresh items, the rise of e-commerce and online grocery shopping, and the needs of the pharmaceutical supply chain have contributed to the growth during the historic period.

What's the Long-Term Growth Forecast for the Refrigerated Warehousing And Storage Market Size Through 2029?
Expectations for the refrigerated warehousing and storage industry show robust expansion in the coming years, with the market projected to swell to $288.15 billion by 2029, recording a compound annual growth rate (CAGR) of 8.4%. The predicted growth during the forecast period can be accredited to factors such as increasing population and urbanization, advancements in sustainability and energy efficiency, economic development in burgeoning markets, as well as the implications of climate change and severe weather occurrences. Upcoming trends to watch during the forecasted period encompass technology integration, enhancements in energy efficiency and sustainability, evolution of e-commerce and last-mile delivery, along with cold storage provisions for e-pharmacies.

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What Are the Key Growth Drivers Fueling the Refrigerated Warehousing And Storage Market Expansion?
The utilization of mobile technologies is experiencing a rise in warehouses to effectively supervise warehouse operations. This includes the incorporation of handheld devices such as tablets, smartphones, mobile printers, etc for information dissemination and communication. These devices utilize technologies like GPS, RFID, VoIP, digital imaging, and voice. Warehouse technicians operating equipment like forklifts and automated material handling machinery are taking advantage of these mobile technologies for insights into problem-solving, maintenance, and order assignments. Warehouse managers can readily access machine status and performance reports and monitor operations round-the-clock leveraging these technologies. Smart glasses, a form of wearable technology, is now being combined with warehouse management systems to offer hands-free mobility to workers. According to an analysis by MHI, a logistics, material handling, and supply chain association, it was found that 22% of their survey participants employ mobile technologies in warehouse settings. The study further anticipates that the adoption rate will escalate to 45% within the following two years.

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What Are the Key Trends Driving Refrigerated Warehousing And Storage Market Growth?
Leading firms in the refrigerated warehousing and storage market are constructing state-of-the-art warehouse facilities to offer dependable services to their clients. This upgraded warehouse facility is essentially a highly advanced storage area created to enhance storage, retrieval, and management operations. For example, in October 2022, FlexCold, a company from the United States that is transforming the cold storage warehousing sector, introduced a warehouse facility designed to bring a new era to cold storage and food logistics warehousing. It includes two versatile rooms that can be adjusted for storing frozen or refrigerated products: a freezer room that creates temperatures below zero, and a blast freezer room where items like poultry can be frozen to absolute zero in less than 36 hours. It offers direct sea links to 140 ports in 70 nations and is within a day's driving distance for over 98 million consumers.

How Is the Refrigerated Warehousing And Storage Market Segmented?
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 Companies Are Leading the Charge in Refrigerated Warehousing And Storage Market Innovation?
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.

Which Regions Are Leading the Global Refrigerated Warehousing And Storage Market in Revenue?
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.

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