The treatment of refrigerated, frozen food products & pharmaceutical is one of the most challenging aspects for the companies engaged in pharmaceutical manufacturing and food producing companies, as well as a logistic trader. A refrigerated warehouse and storage is painstaking to be one such service which includes the optimal administration of cold chain in storing and transportation of products. The warehouses provide an extensive range of temperature for preserving wide a range of products such as meat, fish and poultry, confectionary, and dairy products, among others. The enterprise is poised for the unprecedented rise over the forecast period owing to growth for prepared food in retail sectors. The rising demand and requirement for the perishable foodstuffs inclusive of fruits, in addition to dairy products, poultry, and meat products are expected to drive market over the forecast period. The increase in demand and popularity for frozen foodstuffs will further propel the demand for refrigeration warehousing market.
Moreover, growing automation in refrigerated warehouses is projected to boost the call for further. Warehouse automation consists of cloud technology, robots, conveyor belts, truck loading automation, and electricity management. Refrigerated storage has become an integral a part of the Supply Chain Management (SCM) in terms of transporting and storing temperature-sensitive products.
According to the report, “Refrigerated Warehousing And Storage Global Market Report 2019” Some of the key players are Trenton Cold Storage., Nichirei Logistics Group, A.B. Oxford, Versa Cold Logistics Services, Kloosterboer, Nordic Logistics & Warehousing, Partner Logistics, Conestoga Cold Storage, Cloverleaf Cold Storage, Burris Logistics, Congebec, Hanson Logistics, Snowman Logistics, Interstate Cold Storage, and Henningsen Cold Storage, among others.
Asia Pacific is significantly fuelling the usage of perishable food items, thereby developing the demand for refrigerated warehousing methods. Additionally, a substantial rise in number of food and beverage companies over manufacturing a spotted range of perishable food products and frozen foodstuffs is further expected to increase over the lifespan of these food products. The Asia Pacific region was the largest region accounted for more than one-third market. The North American region is the second largest region accounting for one-fourth of the overall refrigerated warehousing and storage market. Africa was the smallest region in the overall refrigerated warehousing and storage market.
The refrigerated warehousing market is segmented into technology, temperature, and application. Based on the technology, the refrigerated warehousing market is further analysed into vapour compression, evaporative cooling, blast freezing, and PLC. Based on the temperature, the market is bifurcated into chilled and frozen. Based on application, the market is fragmented into the bakery, meat, beverages, fruits & vegetables, dairy, and seafood. The key factor driving the demand for refrigerated warehousing is the rise in demand for perishable foods and fruits, such as dairy, meat and poultry products coupled with a rapid increase in demand for frozen food over the last decade is another factor driving the demand for refrigerated warehousing equipment and set-up. Moreover, increasing number of hypermarkets and supermarkets in developing nations of Asia Pacific, is significantly driving the consumption of perishable food, thus fuelling and escalating the demand for refrigerated warehousing over the forecast period.
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Global Refrigerated Warehousing and Storage Market Research Report
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