U.S. Refrigerated Warehousing Market 2022 Business Opportunities by Leading Players, Incremental Revenue Growth and Trends Outlook to 2029

Refrigerated warehousing is referred to as senior care, which includes meeting all the requirements A refrigerated warehousing can be defined as an industrial complex consist of facilities and equipment to store perishable or temperature-sensitive products. The refrigerated warehouses helps in offering temperature controlled services to producers, retailers, and food service providers of various industries. Latest and innovative technologies are used to maximize the efficiency and to store products in temperature-controlled environment. The refrigerated warehouses are used to store food products, beverages, dietary supplements, personal care products, pharmaceuticals & biological products, and other products.

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Nowadays, innovative and new refrigerated warehouses are available with different and new technologies such as automated, blast freezing, vapor compressor, evaporative cooling, and others. The growing demand for refrigerated warehouses to store perishable food products, coupled with a rapid expansion of retail network in the U.S. and Canada, is anticipated to boost the demand for the market. However, high operating cost of refrigerated warehouses may hamper the growth of the market.

Technological advancement to improve the efficiency will create immense opportunity for the growth of the market, whereas stiff competition among market players may create a challenge for the growth of the market.

U.S. refrigerated warehousing market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.8% in the forecast period of 2022 to 2029 and is expected to reach USD 14,002.84 million by 2029.

Refrigerated Warehousing Market Dynamics

Drivers

  • Growing demand for refrigerated warehousing storage to store perishable food products

The rising demand to increase the shelf life of food products and to reduce the food wastage, is increasing the demand for cold storage facilities as they provide temperature-controlled conditions. Moreover, the demand for sustainable and fresh food has increased among U.S. consumers in recent years which is also increasing the import of fresh food products in cold-storage facilities.

  • Rapid Urbanization and the Expansion of Retail Channels

Rapid urbanization has eventually brought in the requirement of retail channels to meet the increasing requirement of the end users which has eventually brought in the requirement for cold refrigeration. The need for new cold storage capacity is amplified by the fact that many existing food buildings are old, inefficient, and poorly suited to deal with e-commerce.

Opportunities

  • Technological Advancements in Refrigerated Warehousing

Technological advancements in terms of automated handling, inventory tracking, and real-time temperature tracking coupled with diversification initiatives will help the market by providing future market growth. The rising demand for new technology to cut down the additional cost as well as improve the efficiency of refrigerated warehousing will provide lucrative opportunities for the manufacturers.

Restraints/Challenges

  • High cost of Refrigerated Warehouses

Cold storage facilities are expensive to build, and it has high operating cost as well asmaintenance cost which concerns the manufactures. Additionally, high initial investment is also required to build a refrigerated warehousing facility.

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