According to Fact.MR, a leading provider of market research and competitive intelligence, the global cold storage construction market is valued at US$ 13.4 billion in 2023 and is expected to grow significantly, reaching US$ 49.6 billion by 2033.
A cold storage warehouse is a facility specifically designed to maintain controlled climatic conditions to preserve products that are sensitive to temperature changes. These facilities are essential in industries such as food & beverages, pharmaceuticals, and chemicals, where they play a crucial role in storing and maintaining products at precise temperatures to prevent spoilage and degradation.
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Cold storage is the ideal location for processing perishable goods in bulk, particularly fruits and vegetables, as it is strategically positioned between production and sales. To maintain freshness, various gases are regulated, while temperature and humidity levels are carefully controlled within the storage system.
The growing global demand for frozen and processed food products is significantly driving the need for cold storage facilities. Additionally, the increasing prevalence of chronic and infectious diseases, along with rapid advancements in the pharmaceutical sector, is fueling the demand for cold storage technologies. The rising trend of personalized medicines, particularly for chronic disease patients, is also contributing to this growth. Medical research institutes and hospitals are increasingly relying on cold storage solutions to preserve critical medicines, including vaccines and other temperature-sensitive pharmaceuticals.
Key Takeaways from Market Study
- Sales of cold storage construction materials are projected to grow at a CAGR of 14% from 2023 to 2033.
- The cold storage market in Germany is expected to expand at a CAGR of 13% during the forecast period.
- The adoption of cold storage technologies in production facilities is anticipated to increase at a CAGR of 15%.
- China's cold storage construction market is set to grow at an impressive CAGR of 17%.
"One of the key factors driving the growth of the cold storage construction market is the rapidly increasing global trade of perishable goods," says a Fact.MR analyst.
Key Companies Profiled in This Report are:-
- Americold
- Bally Refrigerated Boxes, Inc.
- Darwin Chambers Company
- A M King
- Burris Logistics
- Hansen Cold Storage Construction
- Astron Buildings S.A.
- American Barcode and RFID Incorporated
- Allied Steel Buildings, Inc.
- Cold Storage Manufacturing, Inc.
Reasons why Demand for Cold Storage Construction Materials Gaining Traction?
- Expanding Global Trade of Perishable Goods
- Rapid Growth of Frozen Food Sector Across Regions
- Increased Cold Storage Facilities Development in Healthcare Institutions
Competitive Analysis
To enhance profitability and strengthen their market position, leading cold storage construction companies are employing a mix of organic and inorganic marketing strategies, including mergers, acquisitions, and partnerships.
In February 2019, Lineage Logistics, a trusted innovator in temperature-controlled logistics, announced its acquisition of Preferred Freezer Services, a global network of advanced, temperature-controlled warehouses. This strategic move is expected to bolster the company's market position significantly.
Key Segments of Cold Storage Construction Industry Research
- By Type :
- Production Stores
- Bulk Stores
- Ports
- By Warehouse :
- Private & Semi-private Warehouses
- Public Warehouses
- By Application :
- Food & Beverages
- Pharma & Healthcare
- Chemicals
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global cold storage construction market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the market based on type (production stores, bulk stores, ports), warehouse (private & semi-private warehouses, public warehouses), and application (food & beverages, pharma & healthcare, chemicals), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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