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The Global Refrigerated Warehousing and Storage Market is projected to grow to a value of more than $150 billion by 2025, with a CAGR of over 9%.
Refrigerated Warehousing and Storage: Introduction
Refrigerated warehouses are modern complexes that permanently or temporarily devoted to storing refrigerated food, and might be independent refrigeration industries, be attached to another larger center, or have add-on offices.
The term storage warehouse alludes to a warehouse that stores fresh and additionally perishable foods, such as fruits meat, fish, dairy items, or fowl, at a desired temperature to keep up with the nature of the item for the purpose of promoting. Generally, refrigerator storage warehousing falls into two classes:
Fresh food varieties ought to be put away in the refrigerator to forestall their decay and deterioration. Raw items should constantly be stored below cooked or ready-to-eat items, never above. Food ought to be kept at a temperature of 4C (39F) or colder for appropriate storage.
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The treatment of frozen and refrigerated food and pharmaceutical items are among the most difficult perspective for a food or a pharmaceutical producer, as well as a logistic provider. Refrigerated warehouse are one such help empowering ideal administration of cold chain during the transportation and capacity of such items. These warehouse offers a wide scope of temperature for handling of different items like fish, meat, and poultry, dairy and confectionary among others.
Besides, an expanding number of agriculture and chemical items have likewise shown the need for refrigerated warehousing services.The prime element driving the interest for refrigerated warehousing is the expanding interest for perishable food varieties and natural products, like dairy, meat and poultry items. This combined with a fast expansion popular for frozen food throughout the last decade is another variable driving the interest for refrigerated warehousing. Additionally, expanding number of hypermarkets and grocery stores in emerging countries of Asia Pacific, is fundamentally driving more utilization of perishable food, subsequently fuelling raising the interest for refrigerated warehousing.
The Global Refrigerated Warehousing and Storage Market size was $112.77 billion in 2020, $116.54 billion in 2021 with a CAGR of 3%, and is projected to grow to a value of more than $150 billion by 2025, registering a CAGR (compound annual growth rate) of over 9% from 2020 to 2025.
Market segmentation: Analysis
The Global Refrigerated Warehousing and Storage Market is segmented by type, ownership type, application, and region.
On the basis of type – Cold storage, and frozen storage.
On the basis of ownership type – public and private.
On the basis of application – Fruits and vegetables, Bakery and Confectionery, Milk and Dairy, products, meat, seafood, and beverages.
On the basis of region – Asia-pacific, Western Europe, North America, Eastern Europe, South America, Middle east, and Africa.
Main players in the Global Refrigerated Warehousing and Storage Market are:
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