Emerging economies are pushing cold storage market growth at a rapid pace, year-on-year, in comparison to developed markets that are seeing advanced technology adoptions as well as huge space expansions keeping in mind logistical benefits. Covering the complete cold storage ecosystem, its players include but are not limited to cold storage construction companies, consultants, food service operators, wholesalers, traders, logistics companies, distribution players, equipment providers, technology companies active in this niche and others. Population, household income, accessibility, technology, consumer spending, infrastructure and other factors influence the growth of cold storage market across the globe. The upstream and downstream channels of agricultural produce and affordability by end-users as well as traders, in certain cases, equally impact the cold storage business.
Directly and majorly used by pharmaceuticals and food industries, the cold storage capacity has seen consistent growth inspite of recession showing it’s effect on major parts of the world during the last few years. Evolving technology and specialized improvements has helped cold storage facilities to offer better heights, temperature control, multiple types of refrigeration systems and much more to increase productivity as well as efficiency. Purely from an investors’ perspective, though these facilities are high costing investments in terms of construction and maintenance, the income for these cold storage spaces fetch nearly 50% more as compared to standard spaces. Overall demand for food and quality consciousness amongst consumers around the world are the major trends that help the cold storage market grow consistently irrespective of macro level economic factors.
‘Quality’ is a major trend that is setting new standards and benchmarks for the cold storage industry in terms of its utilization as well as optimization. With manufacturing becoming a key focus of relevant stakeholders, outsourcing is one of the big trends that are helping more entrepreneurs / investors jump into the cold storage business. Fresh ingredients form a huge part of the ‘quality’ consciousness amongst consumers today. To keep the ingredients fresh, cold storage facilities are not only required to meet industry standards in terms of maintaining their spaces, usage of technology and tools that help maintain the efficiency of these ingredients is another trend seeing a rise. Further technology investments that will help businesses deliver products easily and quickly are the need of the hour. The ROI for such technology investments may be visible to businesses in the long run, but the efficiency and productivity of the business processes, specifically the supply chain process, get a boost via these cold storage equipments and devices.
Regionally, though US has been overtaken by India and other developing economies in the cold storage market business, US is still seeing growth in terms of newer venues that help rethink business logistics. BRIC nations, South Africa, Turkey are seeing increased construction and development of cold storage facilities, while India alone may have cold storage market worth $8.57 billion by 2020 growing in double digit CAGR for the next few years. In a country like Bangladesh, ‘natural cold storage’ concept is gaining traction due to the usage of green technology without any chemicals or electricity. Farm management, cultivation, lesser dependency on middle men, stable prices and similar such benefits are being aimed through this innovative approach of cold storage.
eMarketOrg.com has multiple cold storage market research reports published in 2016 and forecasting the industry segments to 2021.
Cold Storage Construction Market Report 2011 To 2020: This report studies Cold Storage Construction in Global market, especially in North America, Europe, China, Japan, India and Southeast Asia, focuses on top manufacturers in global market, with sales, price, revenue and market share for each manufacturer, covering Preferred Freezer Services, Lineage Logistics Holdings, LLC, Americold Logistics, LLC, Burris Logistics, Nichirei Logistics Group Inc., Swire Cold Storage Ltd., Hansen Cold Storage Construction, Primus Builders, Inc., A M King and Tippman Group. Read more at http://emarketorg.com/pro/cold-storage-construction-market-report-2011-to-2020/ .
Global Cold Storage Equipment Market Research Report 2021: Production, price, revenue and market share for companies like AmeriCold, VersaCold, Millard, Swire Cold Storage, Preferred Freezer Services, Nichirei, TIPPMANN, MUK, Nordic Cold Storage, Inland Cold Storage, Cloverleaf Cold Storage, Total Logistic, Gruppo Marconi Logistica Integrata, Richmond, Frialsa Frigorificos, Hanson, Panasonic, Lennox International, Heshun, Bingshan, Yuyang, Haoshuang, Dachang, Xiangning, Your Shine and Jingxin are provided in this 105 pages report available at http://emarketorg.com/pro/global-cold-storage-equipment-market-research-report-2021/ .