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Growth in International Trade of Temperature-Controlled Items is driving Cold Storage Construction Market

 Cold Storage Construction Market by Storage Type (Production Stores, Bulk Stores, Ports), Application (Food & Beverages, Medical Products, Chemicals), and Region (Asia-Pacific, North America, Europe) - Global Forecasts to 2021

Browse 111 market data Tables and 54 Figures spread through 179 Pages and in-depth TOC on "Cold Storage Construction Market by Storage Type (Production Stores, Bulk Stores, Ports), Application (Food & Beverages, Medical Products, Chemicals), and Region (Asia-Pacific, North America, Europe) - Global Forecasts to 2021"

Cold Storage Construction Market is projected to grow from USD 4.59 Billion in 2015 to USD 10.47 Billion by 2021, at a CAGR of 14.0% between 2016 and 2021.


Food & Beverages was the fastest-growing application segment of the global cold storage construction market

The food & beverages segment of the cold storage construction market is expected to witness significant growth in the coming years. Increasing food wastage worldwide is motivating the government of countries worldwide and they are providing subsidies to food producers to utilize cold stores to avoid such a scenario.

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Production stores was the largest segment of the cold storage market

Based on type, the cold storage construction market has been segmented into production stores, bulk stores, ports, and others. Production stores were the largest segment of the market in 2015. Production stores are used to keep raw material, semi-finished, and finished products in the cold stores. It is intended for cold processing and the storage of chilled or frozen food products. Production stores are usually constructed near areas where products are manufactured.

Key players operational in the global cold storage construction market include AmeriCold Logistics (U.S.), Proffered Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holding LLC (U.S.) and Nichirei Logistics Group Inc. (Japan), among others. These players have focused on expansions, agreements, and acquisitions to cater to the diverse needs of customers and expand their presence in the market, and are now focusing on developing products that will help in reducing fuel consumption.

Asia-Pacific accounted for the largest share of the cold storage construction market in 2015 with China, India, and Turkey being the major markets for cold storage construction in Asia-Pacific. The rise in the commercial building & construction industry along with the increased buying capacity of end users is expected to boost the growth of the cold storage construction market in the region.

Key players operational in the cold storage construction market include AmeriCold Logistics (U.S.), Proffered Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holding LLC (U.S.) and Nichirei Logistics Group, Inc. (Japan), among others.

Know More Insights At https://www.prnewswire.com/in/news-releases/cold-storage-construction-market-worth-1047-billion-usd-by-2021-586225691.html

 

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