The Asia Pacific Cold Storage Market would witness market growth of 15.0% CAGR during the forecast period (2021-2027).
Cold storage is needed in various industries such as the film-making industry, candles industry, cosmetic industry, and textile industry for storing different products. Film-making industries use cold storage to store preserved camera films from ruining by keeping them at lower temperatures. Ancient art pieces are also required to be kept in low temperatures as their paint can start getting peeled from the canvas.
Producers can use private cold storage warehouses before selling the products to the end customers. Users like hotels may also have storage warehouses to store temperature-sensitive products. Additionally, the cold storage facility is also used by third-party logistic providers who preserve products before shipping them to the consumers.
The cold storage capacity in the Asia-Pacific is lesser as compared to others. Also, demand for the cold storage facility is more than the availability of storage capacity and therefore the need of installing more refrigerated warehouses arises to meet the demand. Moreover, the increasing demand for the latest technologies in almost all the sectors would also result in demand for advancement in cold chains which would further result in market growth.
The China market dominated the Asia Pacific Cold Storage Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $22.8 billion by 2027. The Japan market is showcasing a CAGR of 14.4% during (2021 - 2027). Additionally, The India market would grow at a CAGR of 15.8% during (2021 - 2027).
Based on Warehouse Type, the market is segmented into Public and Private & Semi-private. Based on Application, the market is segmented into Fish, Meat & Seafood, Processed Food, Dairy, Fruits & Vegetables, Pharmaceuticals and Others. Based on Construction Type, the market is segmented into Production Stores, Bulk Storage and Ports. Based on Temperature Type, the market is segmented into Frozen and Chilled. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cold Storage Market is Projected to reach USD 258.7 Billion by 2027, at a CAGR of 13.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Americold Realty Trust, Burris Logistics, Lineage Logistics Holdings, LLC, Kalari Pty Ltd. (John Swire & Sons Limited), VersaCold Logistics Services, Wared Logistics, Wabash National Corporation, and Tippmann Group.
By Warehouse Type
By Application
By Construction Type
By Temperature Type
By Country
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