Industry Analysis Logistics & Transport

global cold storage market to get decent growth

Jiayuan Chen, , , , ,

The global cold storage market is anticipated to register a CAGR of ~7.5 % between 2020 and 2026 and reach an approximate value of USD 340 billion in 2026.

Industry News

    • In March 2021, Lineage Logistics LLC, one of the largest refrigerated storage companies in the world by space, raised USD 1.9 billion in a funding round to back additional acquisitions, build new facilities and develop warehouse automation technology. The company also plans to acquire more operators and set up new buildings in core markets in the U.S., Europe, and Asia, including near port areas, where refrigerated warehouse capacity has been in short supply because of container imbalances in ocean shipping.
    • In October 2020, Cold storage warehouse owner and operator Americold Logistics announced to enter into an agreement to acquire one of the world’s largest temperature-controlled operators, Agro Merchants Group, for USD 1.74 billion.

In 2019, the refrigerated warehouse segment held a significant market share: MRFR

The global cold storage market has been segmented based on type, temperature type, application, and region. Based on type, the global market is divided into Refrigerated Warehouse and Refrigerated Transport. The refrigerated warehouse segment is anticipated to hold a significant market share.

Based on temperature type, the global cold storage market is segmented into frozen and chilled. The chilled segment accounted for a significantly large share in the global market.

Based on application, the global cold storage market is segmented into Dairy and Frozen Desserts, Fish, Meat and Seafood Products, Bakery and Confectionery Products, Fruits and Vegetables, and Others. The dairy and frozen desserts segment accounted for a significantly large share in the global market owing to changes in lifestyle and urbanization.

Based on region, the Cold storage market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominated the global cold storage market in 2019. Consistent development of new cold storage technologies and supportive government regulations have supported product growth in the region.

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Key industry participants in the cold storage industry include Lineage Logistics Holdings (U.S.), Americold Logistics (U.S.), Nichirei Corporation (Japan), Kloosterboer (Netherlands), Tippmann Group (U.S.), United States Cold Storage (U.S.), Henningsen Cold Storage Co. (U.S.), VersaCold Logistics Services (Canada), Congebec Inc. (Canada), NewCold (Netherlands), Snowman Logistics Pvt Ltd (India)

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global cold storage market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.

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