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Pulished Date February, 2020
ID: 8956
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Global Cold Storage Market Size, Share & Trends Analysis Report By Construction Type (Bulk Storage, Production Stores and Ports), By Temperature (Chilled, Frozen), By Application (Processed Foods, Dairy Products, Fruits and Vegetables, Meat and Seafood, and Pharmaceuticals), By Warehouse Type (Public, Private and Semi-Private) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2020 – 2025)

Pulished: February, 2020
ID: 8956
Pages: 155

Cold Storage Market Growth and Forecast (2020-2025):

The global Cold Storage Market size was estimated to be USD 203 billion in 2020, and it is likely to reach a value of USD 293 billion by the end of 2025, rising at a CAGR of about 8% over the envisioned period. Government support for infrastructure development in several developing countries is driving the growth of this industry.

Cold Storage Market

Market Overview:

Cold storage technology offers advantages like advanced refrigeration technology and maintaining and tracking systems for various products such as fruits and vegetables, greatly reducing the possibility of wastage of temperature-sensitive products. Globalization has shortened the distance between countries around the world, but the physical distance between these regions remains an important aspect of some freight transport. The longer the distance, the more is the chance that cargo can be damaged during transportation. Some products can be damaged like glass can be damaged by physical impact while other products are even affected by excessive temperature range. The cold storage is built by properly closing the space and keeping the temperature low by removing heat using refrigeration equipment. Most of the problems related to the fruit and vegetable industry, such as high marketing costs, over-market and price fluctuations, are caused by corruption. Keeping fruits and vegetables at low temperatures can significantly reduce spoilage, increasing the importance of refrigeration projects.

Recent Developments in Cold Storage Industry:

  • In January 2018, VersaColdstarted a new distribution facility in Milton, Ontario. This new facility handles almost 30 entries and 60 departures every day.
  • In December 2017, Americold Logistics added a new facility to the Utah Clearfield campus. This expansion helped increase the company's market leadership in northern Utah to more than 50% of its total temperature-controlled storage capacity.
  • The AGRO vendor acquired Grocontinental Limited, a provider of logistics and cold storage services, in December 2017. The deal will reinforce position of AGRO as a well-known refrigeration and logistics provider in the markets of the UK and Ireland.
  • In July 2017, AGRO merchants acquired the Polish transport service Logistyka.
  • In June 2017, Lineage Logistics acquired Partner Logistics, Europe's leading cold storage provider, to expand its existing service offerings.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

8%

Segments Covered

By Construction Type, Temperature, Application, Warehouse Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Agro Merchants Group, Burris Logistics, Americold Logistics LLC, Wabash National Corporation, Preferred Freezer Services, Lineage Logistics Holding LLC, Nichirei Logistics Co., Ltd, Barloworld Limited, VersaCold Logistics Services, Henningsen Cold Storage, Nordic Logistics, United States Cold Storage and Others.

Cold Storage Market Growth:

Increased demand for perishable foods among consumers, rise in international business due to trade liberalization, and expansion of the organized retail food industry are some of the factors driving the market growth.

Drivers:

The market has benefited significantly from strict regulations on the production and supply of temperature-sensitive products. The industry is preparing for unprecedented growth over the forecast period as the organized retail sector in emerging economies grows. Furthermore, as automation of refrigerated warehouses increases, demand is expected to increase further. Warehouse automation includes cloud technology, robots, conveyors, truckload automation, and energy management. Cold storage has become a crucial part of Supply Chain Management (SCM) during the transport of several temperature-sensitive products. The demand for cold storage solutions is also expected to increase in the coming years as the perishable goods transaction increases. Suppliers of various temperature-controlled packaging systems are working to decline the ecological impact of cold storage transport. At the same time, with increased awareness of formal Corporate Social Responsibility (CSR) policies, strict government regulations, and changing customer expectations, there is great difficulty in developing an adequate packaging system. Globalization has increased due to trade liberalization, advances in transportation infrastructure and telecommunications technology, and the growth of multinational companies in the retail industry. The rise in international trade for these perishable foods, such as dairy and frozen desserts, fruits and vegetables, meat, fish and seafood, bakery and confectionery products is promoting this business expansion. Export of food and agricultural products produced in locale and import of scarce food made virtually any fruit, vegetable, or processed food available in local supermarkets year-round.

Various forces are driving and improving the trend of perishable goods trade worldwide. The reduction of tariff and non-tariff barriers to international trade has led to rapid growth in the cross-border movement of perishable goods. Population growth and increased demand for medicines have created a demand for refrigeration equipment. Various medications, such as vaccines, insulin, and biotech products, require refrigeration for preservation. It is important to produce and supply chemicals to different industries, and the properties of these chemicals can change without maintaining the required temperature. Cold storage is important in some chemical industries, and manufacturers are installing cold storage equipment. Global companies are developing original solutions or take advantage of alternative energy sources to overcome these challenges in emerging markets. In addition, new vehicles, such as multi-purpose refrigerated containers, are being developed to overcome the lack of adequate transportation facilities. These solutions can provide access to international markets and provide opportunities for farmers and small businesses in your area.

Restraints:

High energy costs are increasing interest in cold storage providers. In cold storage facilities, traditional fluorescent lamps (lit throughout the year) are used because they must be used in cold storage facilities. This leads to energy loss and high cost. The lack of the necessary infrastructure to maintain cold storage has great challenges to expand the company in emerging markets. Additionally, the lack of electrical connections for refrigerated trailers in transportation hubs and ports can hinder market growth in this area.

Cold Storage Market Segmentation Analysis:

By Construction Type:

  • Bulk Storage 
  • Production Stores   
  • Ports 

By Temperature:

  • Chilled
  • Frozen

By Application:

  • Processed Foods    
  • Dairy Products       
  • Fruits and Vegetables       
  • Meat and Seafood   
  • Pharmaceuticals     

By Warehouse Type:

  • Public
  • Private
  • Semi-Private

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Based on the regional segmentation, the global cold storage market has been spread across North America, Middle East and Africa, Europe, Asia Pacific and South America. North America had the largest market share in 2018 and is expected to expand further from 2020 to 2025. The proliferation of connected devices is an important factor driving growth in the region along with the presence of a large consumer base. Mexico, in particular, is expected to grow exponentially in North America due to the strengthening of warehouse networks and increased investment in the development of logistics infrastructure. These are also used as the main factors that stimulate the demand for cold storage. In addition, economic growth in Mexico and changes in government regulations are assumed to accelerate demand in the coming years to streamline customs programs. Countries like China are turning to a consumer-centric economy. Therefore, they are presumed to witness significant growth in the coming years. Advances in warehouse management and refrigerated transportation combined with government subsidies to develop the cold storage industry have enabled service providers to take advantage of these emerging markets by leveraging innovative solutions to overcome transportation-related complexities.

Key Players in the Market:

Major Key Players in the Global Cold Storage Market are

  • Agro Merchants Group
  • Burris Logistics
  • Americold Logistics LLC
  • Wabash National Corporation
  • Preferred Freezer Services
  • Lineage Logistics Holding LLC
  • Nichirei Logistics Co., Ltd.
  • Barloworld Limited
  • VersaCold Logistics Services
  • Henningsen Cold Storage
  • Nordic Logistics
  • United States Cold Storage

 

 

 

1. Introduction                          

          1.1 Market Definition                 

          1.2 Scope of the report              

          1.3 Study Assumptions              

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                     

          2.1 Analysis Design         

          2.2 Research Phases                  

                   2.2.1 Secondary Research 

                   2.2.2 Primary Research     

                   2.2.3 Data Modelling        

                   2.2.4 Expert Validation     

          2.3 Study Timeline           

3. Report Overview                    

          3.1 Executive Summary              

          3.2 Key Inferencees         

4. Market Dynamics                   

          4.1 Impact Analysis         

                   4.1.1 Drivers

                   4.1.2 Restaints      

                   4.1.3 Opportunities

          4.2 Regulatory Environment                 

          4.3 Technology Timeline & Recent Trends                

5. Competitor Benchmarking Analysis                      

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis        

                   5.1.2 Products/Service     

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape              

          5.3 Joint Ventures & Collaborations                

6. Market Segmentation                       

          6.1 Cold Storage Market, By Construction Type         

                   6.1.1 Bulk Storage  

                   6.1.2 Production Stores    

                   6.1.3 Ports  

                   6.1.4 Market Size Estimations & Forecasts (2020 - 2025)      

                   6.1.5 Y-o-Y Growth Rate Analysis        

                   6.1.6 Market Attractiveness Index        

          6.2 Cold Storage Market, By Temperature                 

                   6.2.1 Chilled

                   6.2.2 Frozen

                   6.2.3 Market Size Estimations & Forecasts (2020 - 2025)      

                   6.2.4 Y-o-Y Growth Rate Analysis        

                   6.2.5 Market Attractiveness Index        

          6.3 Cold Storage Market, By Application          

                   6.3.1 Processed Foods     

                   6.3.2 Dairy Products        

                   6.3.3 Fruits and Vegetables        

                   6.3.4 Meat and Seafood    

                   6.3.5 Pharmaceuticals      

                   6.3.6 Market Size Estimations & Forecasts (2020 - 2025)      

                   6.3.7 Y-o-Y Growth Rate Analysis        

                   6.3.8 Market Attractiveness Index        

          6.4 Cold Storage Market, By Warehouse Type            

                   6.4.1 Public 

                   6.4.2 Private

                   6.4.3 Semi-Private 

                   6.4.4 Market Size Estimations & Forecasts (2020 - 2025)      

                   6.4.5 Y-o-Y Growth Rate Analysis        

                   6.4.6 Market Attractiveness Index        

7. Geographical Landscape                  

          7.1 Global Identity Governance and Administration Market, by Region               

          7.2 North America - Market Analysis (2020 - 2025)            

                   7.2.1 By Country    

                             7.2.1.1 USA

                             7.2.1.2 Canada

                   7.2.2 By Construction Type        

                   7.2.3 By Temperature      

                   7.2.4 By Application

                   7.2.5 By Warehouse Type 

          7.3 Europe            

                   7.3.1 By Country    

                             7.3.1.1 UK

                             7.3.1.2 France

                             7.3.1.3 Germany

                             7.3.1.4 Spain

                             7.3.1.5 Italy

                             7.3.1.6 Rest of Europe

                   7.3.2 By Construction Type        

                   7.3.3 By Temperature      

                   7.3.4 By Application

                   7.3.5 By Warehouse Type 

          7.4 Asia Pacific                

                   7.4.1 By Country    

                             7.4.1.1 China

                             7.4.1.2 India

                             7.4.1.3 Japan

                             7.4.1.4 South Korea

                             7.4.1.5 South East Asia

                             7.4.1.6 Australia & NZ

                             7.4.1.7 Rest of Asia-Pacific

                   7.4.2 By Construction Type        

                   7.4.3 By Temperature      

                   7.4.4 By Application

                   7.4.5 By Warehouse Type 

          7.5 Latin America            

                   7.5.1 By Country    

                             7.5.1.1 Brazil

                             7.5.1.2 Argentina

                             7.5.1.3 Mexico

                             7.5.1.4 Rest of Latin America

                   7.5.2 By Construction Type        

                   7.5.3 By Temperature      

                   7.5.4 By Application

                   7.5.5 By Warehouse Type 

          7.6 Middle East and Africa          

                   7.6.1 By Country    

                             7.6.1.1 Middle East

                             7.6.1.2 Africa

                   7.6.2 By Construction Type        

                   7.6.3 By Temperature      

                   7.6.4 By Application

                   7.6.5 By Warehouse Type 

8. Key Player Analysis                          

          8.1 Cloverleaf Cold Storage                  

                   8.1.1 Business Description

                   8.1.2 Products/Service     

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis        

                   8.1.5 Recent Developments        

                   8.1.6 Analyst Overview    

          8.2 Agro Merchants Group         

          8.3 Burris Logistics          

          8.4 Americold Logistics LLC                 

          8.5 Wabash National Corporation         

          8.6 Lineage Logistics Holding LLC                  

          8.7 Nichirei Logistics Co., Ltd               

          8.8 Barloworld Limited               

          8.9 VersaCold Logistics Services           

          8.10 Henningsen Cold Storage             

          8.11 Nordic Logistics                

9. Market Outlook & Investment Opportunities                   

Appendix                        

          List of Tables         

          List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Construction Type, Temperature, Application, Warehouse Type and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Global Cold Storage Market By Region, From 2020-2025 ( USD Billion )
  2. Global Cold Storage Market By Type, From 2020-2025 ( USD Billion )
  3. Global Bulk Storage Market By Region, From 2020-2025 ( USD Billion )
  4. Global Production Stores Market By Region, From 2020-2025 ( USD Billion )
  5. Global Ports Market By Region, From 2020-2025 ( USD Billion )
  6. Global Cold Storage Market By Temperature, From 2020-2025 ( USD Billion )
  7. Global Chilled Market By Region, From 2020-2025 ( USD Billion )
  8. Global Frozen Market By Region, From 2020-2025 ( USD Billion )
  9. Global Cold Storage Market By Application, From 2020-2025 ( USD Billion )
  10. Global Processed Foods Market By Region, From 2020-2025 ( USD Billion )
  11. Global Dairy Products Market By Region, From 2020-2025 ( USD Billion )
  12. Global Fruits and Vegetables Market By Region, From 2020-2025 ( USD Billion )
  13. Global Meat and Seafood Market By Region, From 2020-2025 ( USD Billion )
  14. Global Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  15. Global Cold Storage Market By Warehouse Type, From 2020-2025 ( USD Billion )
  16. Global Public Market By Region, From 2020-2025 ( USD Billion )
  17. Global Private Market By Region, From 2020-2025 ( USD Billion )
  18. Global Semi-Private Market By Region, From 2020-2025 ( USD Billion )

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