Refrigerated Warehousing And Storage Market In 2029

Refrigerated Warehousing And Storage Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035
The Business Research Company’s Refrigerated Warehousing And Storage Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035
LONDON, GREATER LONDON, UNITED KINGDOM, January 7, 2026 /EINPresswire.com/ -- Refrigerated Warehousing And Storage Market to Surpass $246 billion in 2029. In comparison, the Warehousing And Storage market, which is considered as its parent market, is expected to be approximately $960 billion by 2029, with refrigerated warehousing and storage to represent around 26% of the parent market. Within the broader Transport Services industry, which is expected to be $11,795 billion by 2029, the refrigerated warehousing and storage market is estimated to account for nearly 2% of the total market value.
Which Will Be the Biggest Region in the Refrigerated Warehousing And Storage Market in 2029
Asia Pacific will be the largest region in the refrigerated warehousing and storage market in 2029, valued at $90,436 million. The market is expected to grow from $55,143 million in 2024 at a compound annual growth rate (CAGR) of 10%. The strong growth is supported by the expansion of the cold chain industry and growth of E-commerce.
Which Will Be The Largest Country In The Global Refrigerated Warehousing And Storage Market In 2029?
The USA will be the largest country in the refrigerated warehousing and storage market in 2029, valued at $82,565 million. The market is expected to grow from $57,494 million in 2024 at a compound annual growth rate (CAGR) of 8%. The strong growth can be attributed to the expansion of the cold chain industry and growth of E-commerce.
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What will be Largest Segment in the Refrigerated Warehousing And Storage Market in 2029?
The refrigerated warehousing and storage market is segmented by type into cold storage and frozen storage. The frozen storage market will be the largest segment of the refrigerated warehousing and storage market segmented by type, accounting for 78% or $192,249 million of the total in 2029. The frozen storage market will be supported by its ability to preserve food and pharmaceutical products for extended periods, maintain nutritional and chemical integrity at sub-zero temperatures, reduce microbial growth and spoilage and enable long-distance transportation of temperature-sensitive goods. It is further driven by rising demand for frozen ready-to-eat meals, seafood and processed foods, advancements in energy-efficient freezer technologies and automation, regulatory compliance for frozen pharmaceuticals and biologics and increasing investments in high-density racking systems and blast freezing infrastructure for optimized cold chain logistics.
The refrigerated warehousing and storage market is segmented by ownership into private warehouses, public warehouses and bonded warehouses. The public warehouses market will be the largest segment of the refrigerated warehousing and storage market segmented by ownership, accounting for 47% or $116,560 million of the total in 2029. The public warehouses market will be supported by cost-effective storage solutions for small and medium-sized businesses, flexible space leasing options based on seasonal or fluctuating demand, access to strategically located facilities near key distribution hubs, shared operational costs and resources and increasing outsourcing of cold chain logistics to third-party providers for scalability and efficiency.
The refrigerated warehousing and storage market is segmented by application into fruits and vegetables, bakery and confectionery, milk and dairy products, meat, seafood, beverages, other applications. The fruits and vegetables market will be the largest segment of the refrigerated warehousing and storage market segmented by application, accounting for 22% or $53,409 million of the total in 2029. The fruits and vegetables market will be supported by the need to preserve freshness and extend shelf life of highly perishable produce, increasing global trade of fresh fruits and vegetables requiring temperature-controlled transport and storage, rising consumer demand for year-round availability of seasonal produce, strict food safety and quality regulations mandating cold storage infrastructure and technological advancements in humidity and ethylene control to reduce spoilage and post-harvest losses. With the global demand for fresh produce and perishable goods on the rise, the role of refrigerated warehousing and storage has become increasingly critical particularly in the fruits and vegetables segment, which faces high risks of post-harvest losses without efficient cold chain systems.
What is the expected CAGR for the Refrigerated Warehousing And Storage Market leading up to 2029?
The expected CAGR for the refrigerated warehousing and storage market leading up to 2029 is 9%.
What Will Be The Growth Driving Factors In The Global Refrigerated Warehousing And Storage Market In The Forecast Period?
The rapid growth of the global refrigerated warehousing and storage market leading up to 2029 will be driven by the following key factors that are expected to reshape food supply chains, pharmaceutical distribution, and temperature-controlled logistics worldwide.
Growth Of E-Commerce - The growth of e-commerce will become a key driver of growth in the refrigerated warehousing and storage market by 2029. As online shopping for perishable goods such as fresh food, pharmaceuticals and frozen items continues to rise, the demand for efficient and reliable cold storage solutions is increasing. E-commerce companies require temperature-controlled warehousing and timely delivery to maintain product quality and meet customer expectations. This has led to greater investment in refrigerated logistics infrastructure, including last-mile cold chain solutions. Consequently, the growing need to support temperature-sensitive e-commerce operations is set to fuel demand for advanced refrigerated storage facilities. As a result, the growth of e-commerce is anticipated to contributing to a 1.5% annual growth in the market.
Government Initiatives - The government initiatives will emerge as a major factor driving the expansion of the refrigerated warehousing and storage market by 2029. Various policies and funding programs aimed at improving cold chain infrastructure, ensuring food safety and supporting pharmaceutical logistics are driving demand for temperature-controlled storage solutions. Investments in rural cold storage facilities, tax incentives and public-private partnerships are encouraging companies to expand capacity and modernize operations. Additionally, stricter regulations around perishable goods handling and increasing focus on reducing food waste are prompting greater reliance on advanced refrigerated storage. These efforts collectively create a favorable environment for market expansion and technological innovation in the sector. Consequently, the government initiatives is projected to contributing to a 1.0% annual growth in the market.
Increased Focus On Sustainability And Durability - The increased focus on sustainability and durability will serve as a key growth catalyst for the refrigerated warehousing and storage market by 2029. As global demand for perishable food products such as fruits, vegetables, dairy and meat increases, exporters require reliable temperature-controlled logistics to maintain product quality and extend shelf life during transit. This growing need for cold chain infrastructure is prompting investments in advanced refrigerated storage facilities. Additionally, government initiatives supporting export-oriented agriculture and international trade agreements are further boosting export volumes, thereby increasing demand for efficient cold storage solutions. As a result, refrigerated warehousing is becoming a critical component of the global agricultural supply chain. Therefore, this increased focus on sustainability and durability is projected to supporting to a 0.8% annual growth in the market.
Expansion Of Cold Chain Industry - The expansion of cold chain industry will become a significant driver contributing to the growth of the refrigerated warehousing and storage market by 2029. As demand rises for temperature-sensitive products such as pharmaceuticals, biologics, frozen foods and perishable goods, businesses increasingly require efficient cold storage solutions to maintain product quality and regulatory compliance. This is leading to greater investment in refrigerated infrastructure, advanced monitoring systems and energy-efficient technologies. The cold chain’s role in supporting global trade, e-commerce and food security further strengthens the need for reliable storage and transportation. As a result, warehousing providers are scaling operations to meet these evolving supply chain requirements. Consequently, the expansion of cold chain industry is projected to contributing to a 0.5% annual growth in the market.
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What Are The Key Growth Opportunities In The Refrigerated Warehousing And Storage Market in 2029
The most significant growth opportunities are anticipated in the frozen refrigerated warehousing and storage market, the public refrigerated warehousing and storage market, and the fruits and vegetables refrigerated warehousing and storage market. Collectively, these segments are projected to contribute over $123 billion in market value by 2029, driven by rising global demand for temperature-sensitive foods, expanding cold-chain infrastructure, and increasing reliance on third-party public warehousing for scalable storage solutions. This surge reflects the accelerating need for efficient, compliant, and energy-optimized refrigerated storage systems that support food safety, long-distance distribution, and year-round availability of perishable products fueling transformative growth within the broader refrigerated warehousing and storage industry.
The frozen refrigerated warehousing and storage market is projected to grow by $65,162 million, the public refrigerated warehousing and storage market by $39,414 million, and the fruits and vegetables refrigerated warehousing and storage market by $18,854 million over the next five years from 2024 to 2029
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