Refrigerated Warehousing And Storage Market on Path to Hit $245.2 Billion by 2029 at 8.6% CAGR

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Refrigerated Warehousing And Storage Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size for refrigerated warehousing and storage has shown robust growth in the past few years. Its size is projected to expand from $162.88 billion in 2024 to reach $176.36 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. The factors contributing to the growth during the historic period include the globalization of the food supply chain, increasing consumer demand for fresh products, the rise of e-commerce and online grocery shopping, and the needs of the pharmaceutical supply chain.

What Is the Expected CAGR for the Refrigerated Warehousing And Storage Market Growth Through 2029?
The market for refrigerated warehousing and storage is predicted to witness robust enlargement in the coming years, expanding to a staggering $245.2 billion by 2029 with a compound annual growth rate (CAGR) of 8.6%. This surge in the forecast period can be attributed to factors such as increased population and urbanization, focus on sustainability and energy efficiency, burgeoning economies in emerging markets, and the impact of climate change along with extreme weather conditions. Prominent trends expected during the forecast period encompass technology amalgamation, enhanced energy efficiency and sustainability, advancement in e-commerce and last-mile delivery strategies, and the incorporation of cold storage in e-pharmacies.

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What Are the Strategic Drivers Boosting Refrigerated Warehousing And Storage Market Performance?
The utilization of mobile technology is on the rise in warehouses to effectively oversee warehouse functions. This refers to devices like tablets, smartphones, mobile printers, and other handheld communication and information devices which rely on GPS, RFID, VoIP, digital imaging, and voice technology. Warehouse workers like technicians who operate forklifts and automated material handling equipment are now able to gather information on troubleshooting, repairs, and work orders through these mobile technologies. This provides warehouse managers with real-time information about equipment status and performance reports, and the ability to monitor warehouse operations constantly. There is also a growing trend of integrating wearable technology, such as smart glasses, with warehouse management systems for unencumbered mobility of employees. MHI, an association for material handling, logistics, and supply chain, has reported that currently, 22% of respondents use mobile technologies in warehouses, with the adoption rate predicted to escalate to 45% in the upcoming two years.

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What Are the Key Segments Driving Refrigerated Warehousing And Storage Market Growth?
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

What Are the Technological Trends Impacting the Refrigerated Warehousing And Storage Market?
Leading firms in the refrigerated warehousing and storage market are creating cutting-edge warehouse facilities to offer dependable services to their clients. Such an innovative warehouse facility involves a state-of-the-art and technologically advanced storage area designed to streamline storage, retrieval, and management procedures. For example, in October 2022, FlexCold, a US-based company revolutionizing cold storage warehousing, inaugurated a warehouse facility aimed at updating and transforming cold storage and food logistics warehousing. This facility features two flexible rooms for storing either frozen or chilled goods: a freezer room that maintains temperatures below zero and a blast freezer room for quick-freezing items like poultry to absolute zero within just 36 hours. The facility offers direct seaport connections to 140 ports across 70 nations and efficient access to over 98 million consumers within a one-day drive.

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Who Are the Major Competitors in the Global 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.

Which Region Dominates the Refrigerated Warehousing And Storage Market Share in 2025?
Asia-Pacific was the largest region in the refrigerated warehousing and storage market in 2024. 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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