Cold Storage Construction Market Forecasts to 2030 - Global Analysis By Storage Type (Bulk Stores, Controlled Atmosphere (CA) Stores, Frozen Stores and Other Storage Types), Warehouse Type (Blast Freezers and Chillers, Cold Rooms, Pharmaceutical Cold Storage Warehouse and Refrigerated Containers), Material, Insulation Type, Application and By Geography
According to Stratistics MRC, the Global Cold Storage Construction Market is accounted for $11.5 billion in 2023 and is expected to reach $26.4 billion by 2030 growing at a CAGR of 12.6% during the forecast period. The main purpose of cold storage is to preserve perishable goods like meat, poultry, fish, dairy products, etc. These products can last longer due to cold storage. To keep the products in a temperature-controlled environment, a range of freezers and coolers are available. The cold storage design is used in a variety of sectors, including the medical, industrial, chemical, and food and beverage industries.
According to the Global Cold Chain Association, the capacity of public warehouses makes up around 75% of the total capacity of refrigerated storage in the United States.
Rapidly expanding frozen food sector
Frozen foods are becoming more popular as people's preferences for convenience rise due to their simplicity and time-saving advantages over making food from scratch. The main force behind the processed food industry is the simplicity that packaged food products offer, which appeals to consumers of all ages. Fruits, vegetables, fish, and meat are some of the foods that are most frequently purchased frozen. The industry of frozen foods relies heavily on cold storage facilities. The demand for cold storage equipment is increasing as a result of the rapidly growing frozen food sector.
Lack of infrastructure
The lack of infrastructure required to support the cold chain will probably make it difficult for businesses to expand their operations in emerging markets. Additionally, the absence of electrical connections for refrigerated trailers in ports and transportation hubs will restrict the growth of the sector in certain locations.
Increasing government initiatives
The use of packaging materials for storing solid, liquid, and semisolid forms of formulations, such as capsules, topical medicine formulations, tablets, and syrups, as well as the focus of various governments on enhancing healthcare systems and insurance coverage, have an impact on the market. Additionally, the rise in investments, expansion of the manufacturing industry, use in consumer product packaging, and quick industrialization all favour the market for constructing cold storage facilities.
High maintenance and equipment Costs
The cost of materials used in storage processes, the size and price of large cold storage equipment, and other factors are impeding the global industry's growth. Furthermore, it is anticipated that high power, infrastructure, and maintenance costs, as well as expanding government regulations imposed on gases used in cold stores, will pose challenges for the expansion of the cold storage construction market.
The COVID-19 pandemic has increased online grocery shopping, which has an impact on the market for building cold storage facilities. Prior to COVID-19, the industrial sector was already seeing a change in supply chain activity, and e-commerce heightened the need for technological advancements to keep up with the escalating demand for last-mile distribution. In the coming years, increased demand for pharmaceutical production and distribution—a major consumer of cold storage space—will probably benefit this particular sector of the industrial market, particularly in response to the COVID-19 pandemic.
The food & beverages segment is expected to be the largest during the forecast period
During the forecast period, the food and beverage segment is anticipated to expand significantly. The food and beverage industry is seeing strong demand globally as a result of urbanization, economic growth, and highly developed industrial channels that have significantly altered consumer behavior.
The production stores segment is expected to have the highest CAGR during the forecast period
During the forecast period, the production stores segment is anticipated to expand significantly. Cold storage systems and facilities are being deployed as a result of the growing demand for the storage of food products, raw materials, and ingredients during production processes, which are also driving the production stores segment's revenue growth.
Region with largest share:
Due to the region's robust economic growth, rapid urbanization, and large population base, which all play a significant role in the market's expansion, Asia-Pacific is anticipated to hold the largest share of the global cold storage construction market over the course of the forecast period. Most of the nations in the region are investing in the construction industry to boost their economies. Additionally, increased government funding for the construction of new cold chain infrastructure is anticipated to fuel market expansion in this area.
Region with highest CAGR:
The North American region is anticipated to experience profitable growth. The large user base and abundance of connected devices in the area are major growth drivers. Mexico in particular is anticipated to experience exponential growth in North America due to an expanding network of warehouses and increased investment in the development of the logistics infrastructure. Additionally, it is anticipated that in the upcoming years, economic growth and modifications to Mexican government regulations aimed at streamlining the customs program will hasten the call.
Key players in the market
Some of the key players profiled in the Cold Storage Construction Market include Agile Cold Storage, Alston Construction, American Barcode and RFID Incorporated, AmeriCold Logistics LLC, Bally Refrigerated Boxes, Inc., Bremer AG, Bulton Construction Ltd, Cold Storage Manufacturing, Inc., Confederation Freezers, Controlled Environment Systems LLC, Darwin Chambers Company, FiCON Inc., Hansen Cold Storage Corporation, Nordic Logistics and Warehousing, LLC, Primus Builders, Inc., SiCON, Snowman Logistics, Stancold Plc, Swire Group, The Stellar Group, Tippmann Group, United States Cold Storage, Inc., VersaCold Logistics Services and Xpo Logistics.
In June 2022, GA-based Agile Cold Storage, LLC announces the start of construction on their third cold storage warehouse in Macon, Georgia. Phase I of the 275,000 square feet multi-temp facility is targeted to open summer of 2023. Over the next three years, Agile plans to invest over $150 million in the construction of its new facility to support the domestic and export markets.
In January 2022, Controlled Environment Systems, LLC (CES), a market leader in design and construction of special environments such as cold storage facilities and metrology, pharmaceutical and biotech cleanrooms, announced its acquisition of Coldroom Systems, Inc. (CRS), a regional force in thermal envelope and low-temp construction solutions.
Storage Types Covered:
• Bulk Stores
• Controlled Atmosphere (CA) Stores
• Frozen Stores
• Multi-purpose Stores
• Production Stores
• Small Stores
Warehouse Types Covered:
• Blast Freezers and Chillers
• Cold Rooms
• Pharmaceutical Cold Storage Warehouse
• Refrigerated Containers
• Vapor Barriers
• Facing Materials
• Other Materials
Insulation Types Covered:
• Mineral Wool
• Phenolic Foam
• Poly Urethene Foam (PUF) Panels
• Polyurethane Foam
• Food & Beverages
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cold Storage Construction Market, By Storage Type
5.2 Bulk Stores
5.3 Controlled Atmosphere (CA) Stores
5.4 Frozen Stores
5.5 Multi-purpose Stores
5.7 Production Stores
5.8 Small Stores
6 Global Cold Storage Construction Market, By Warehouse Type
6.2 Blast Freezers and Chillers
6.3 Cold Rooms
6.4 Pharmaceutical Cold Storage Warehouse
6.5 Refrigerated Containers
7 Global Cold Storage Construction Market, By Material
7.3 Vapor Barriers
7.3.1 Acetic Acid Curing Silicone
7.3.2 Intumescent Mastics
7.3.3 Single Pack Polyurethane Sealant
7.3.4 Non Hardening Butyl Mastic
7.4 Facing Materials
7.4.1 Aluminum Sheeting
7.4.2 Galvanized Steel Sheeting
7.4.3 Glass Reinforced Plastics
7.4.4 Refrigerated Containers
7.4.5 Stainless Steel Sheeting
7.5 Other Materials
8 Global Cold Storage Construction Market, By Insulation Type
8.3 Mineral Wool
8.4 Phenolic Foam
8.5 Poly Urethene Foam (PUF) Panels
8.8 Polyurethane Foam
9 Global Cold Storage Construction Market, By Application
9.4 Food & Beverages
9.5 Other Applications
10 Global Cold Storage Construction Market, By Geography
10.2 North America
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.5 Other Key Strategies
12 Company Profiling
12.1 Agile Cold Storage
12.2 Alston Construction
12.3 American Barcode and RFID Incorporated
12.4 AmeriCold Logistics LLC
12.5 Bally Refrigerated Boxes, Inc.
12.6 Bremer AG
12.7 Bulton Construction Ltd
12.8 Cold Storage Manufacturing, Inc.
12.9 Confederation Freezers
12.10 Controlled Environment Systems LLC
12.11 Darwin Chambers Company
12.12 FiCON Inc.
12.13 Hansen Cold Storage Corporation
12.14 Nordic Logistics and Warehousing, LLC
12.15 Primus Builders, Inc.
12.17 Snowman Logistics
12.18 Stancold Plc
12.19 Swire Group
12.20 The Stellar Group
12.21 Tippmann Group
12.22 United States Cold Storage, Inc.
12.23 VersaCold Logistics Services
12.24 Xpo Logistics
List of Tables
1 Global Cold Storage Construction Market Outlook, By Region (2021-2030) ($MN)
2 Global Cold Storage Construction Market Outlook, By Storage Type (2021-2030) ($MN)
3 Global Cold Storage Construction Market Outlook, By Bulk Stores (2021-2030) ($MN)
4 Global Cold Storage Construction Market Outlook, By Controlled Atmosphere (CA) Stores (2021-2030) ($MN)
5 Global Cold Storage Construction Market Outlook, By Frozen Stores (2021-2030) ($MN)
6 Global Cold Storage Construction Market Outlook, By Multi-purpose Stores (2021-2030) ($MN)
7 Global Cold Storage Construction Market Outlook, By Ports (2021-2030) ($MN)
8 Global Cold Storage Construction Market Outlook, By Production Stores (2021-2030) ($MN)
9 Global Cold Storage Construction Market Outlook, By Small Stores (2021-2030) ($MN)
10 Global Cold Storage Construction Market Outlook, By Warehouse Type (2021-2030) ($MN)
10 Global Cold Storage Construction Market Outlook, By Blast Freezers and Chillers (2021-2030) ($MN)
10 Global Cold Storage Construction Market Outlook, By Cold Rooms (2021-2030) ($MN)
13 Global Cold Storage Construction Market Outlook, By Pharmaceutical Cold Storage Warehouse (2021-2030) ($MN)
14 Global Cold Storage Construction Market Outlook, By Refrigerated Containers (2021-2030) ($MN)
15 Global Cold Storage Construction Market Outlook, By Material (2021-2030) ($MN)
16 Global Cold Storage Construction Market Outlook, By Concrete (2021-2030) ($MN)
17 Global Cold Storage Construction Market Outlook, By Vapor Barriers (2021-2030) ($MN)
18 Global Cold Storage Construction Market Outlook, By Acetic Acid Curing Silicone (2021-2030) ($MN)
19 Global Cold Storage Construction Market Outlook, By Intumescent Mastics (2021-2030) ($MN)
20 Global Cold Storage Construction Market Outlook, By Single Pack Polyurethane Sealant (2021-2030) ($MN)
21 Global Cold Storage Construction Market Outlook, By Non Hardening Butyl Mastic (2021-2030) ($MN)
22 Global Cold Storage Construction Market Outlook, By Facing Materials (2021-2030) ($MN)
23 Global Cold Storage Construction Market Outlook, By Aluminum Sheeting (2021-2030) ($MN)
24 Global Cold Storage Construction Market Outlook, By Galvanized Steel Sheeting (2021-2030) ($MN)
25 Global Cold Storage Construction Market Outlook, By Glass Reinforced Plastics (2021-2030) ($MN)
26 Global Cold Storage Construction Market Outlook, By Refrigerated Containers (2021-2030) ($MN)
27 Global Cold Storage Construction Market Outlook, By Stainless Steel Sheeting (2021-2030) ($MN)
28 Global Cold Storage Construction Market Outlook, By Other Materials (2021-2030) ($MN)
29 Global Cold Storage Construction Market Outlook, By Insulation Type (2021-2030) ($MN)
30 Global Cold Storage Construction Market Outlook, By Cork (2021-2030) ($MN)
31 Global Cold Storage Construction Market Outlook, By Mineral Wool (2021-2030) ($MN)
32 Global Cold Storage Construction Market Outlook, By Phenolic Foam (2021-2030) ($MN)
33 Global Cold Storage Construction Market Outlook, By Poly Urethene Foam (PUF) Panels (2021-2030) ($MN)
34 Global Cold Storage Construction Market Outlook, By Polyisocyanurate (2021-2030) ($MN)
35 Global Cold Storage Construction Market Outlook, By Polystyrene (2021-2030) ($MN)
36 Global Cold Storage Construction Market Outlook, By Polyurethane Foam (2021-2030) ($MN)
37 Global Cold Storage Construction Market Outlook, By Application (2021-2030) ($MN)
38 Global Cold Storage Construction Market Outlook, By Chemicals (2021-2030) ($MN)
39 Global Cold Storage Construction Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
40 Global Cold Storage Construction Market Outlook, By Food & Beverages (2021-2030) ($MN)
41 Global Cold Storage Construction Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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