Refrigerated Warehousing Market in North America 2017-2021

Overview of the refrigerated warehousing market in North America

According to Technavio's market research report, the refrigerated warehousing market in North America will grow at a CAGR of more than 13% during the forecast period. The rising demand for the safety of food is identified as one of the key drivers for the market's growth. Refrigerated warehouses enhance the shelf life of food items by providing an appropriate temperature and relative humidity. This slows down the movement of molecules and drives the microbes into an inactive state. It also reduces the rate of enzymic changes in food items to decline the rate of deterioration.

The popularity of temperature-controlled packaging solutions is one of the key trends that will propel the growth prospects of the refrigerated warehousing market in North America by 2021. This solution includes insulated containers and insulated shippers that carry chilled and frozen products in a cold chain. Before the frozen food items are stored in the refrigerated warehouses, it is necessary to pack them inside the special packaging solution, which will drive the need for temperature-controlled packaging.

Competitive landscape and key vendors

The refrigerated warehousing market in North America is characterized by the presence of a variety of producers. The market is competitive and offers a wide range of solutions for a public refrigerated warehouse and dry warehousing. To gain a competitive edge over their competitors, the vendors are focusing on expanding their storage facilities.

Key vendors in this market are -

• Americold
• Lineage Logistics
• Preferred Freezer Services
• John Swire & Sons Pty

Other prominent vendors in the market include AGRO Merchants Group, Kloosterboer, VersaCold, Cloverleaf Cold Storage, Burris, and Conestoga.

Segmentation by application and analysis of the refrigerated warehousing market in North America

• Bakery and confectionery
• Pharmaceutical
• Fruits, vegetables, and beverages
• Dairy and frozen desserts
• Meat, fish, and seafood

The meat, fish, and seafood segment comprises of industrially processed meat, frozen and chilled meat, and fish and seafood products. The growth in the processed meat, fish, and seafood industry in North America will boost the demand for refrigerated warehouse during the forecasted period. This industry in North America includes ham, bacon, sausages, and other meat products such as meat salads and cooked ham.

Growth drivers, challenges, and upcoming trends: Online purchase of frozen food

The rising e-commerce industry for frozen food will have a positive impact on the refrigerated warehousing market in North America. The popularity of purchasing frozen food items through online mode is increasing since more than 60% of the online retailers are involved in the supply of frozen products. It has been observed that the rising penetration of internet and the increasing application of mobile devices has resulted in the 40% more orders for frozen food.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the refrigerated warehousing market in North America. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the refrigerated warehousing market in North America?
• What are the key market trends impacting the growth of the refrigerated warehousing market in North America?
• What are the challenges to market growth?
• Who are the key vendors in the refrigerated warehousing market in North America?
• What are the market opportunities and threats faced by the vendors in the refrigerated warehousing market in North America?
• What are the trending factors influencing the market shares of North America?
• What are the key outcomes of the five forces analysis of the refrigerated warehousing market in North America?

Technavio also offers customization on reports based on specific client requirement.