Cold storage companies provide temperature-controlled facilities for storing perishable goods like food, pharmaceuticals, and chemicals. They offer a range of refrigeration solutions, from conventional cold rooms to specialized environments like blast freezing. These companies ensure product integrity, compliance with safety standards, and efficient logistics, serving diverse industries worldwide.
The cold storage market, where temperatures plummet and freshness reigns supreme, is a bustling battlefield where players of all sizes vie for control of perishable products and profitable returns. From towering warehouses packed with produce to specialized facilities for pharmaceuticals, the competition is fierce, demanding innovative strategies and a keen understanding of the factors influencing market share. Let's delve into this cool zone and explore the strategies, market forces, and recent developments shaping its frosty future.
Strategies Adopted: Keeping it Cool and Competitive
Factors that Drive the Market Chills:
Key Players:
Recent Developments:
In May 2021, Vertical Cold Storage introduces a customer-centric business approach to increase performance and reduce waste. Vertical Cold Storage, along with others, is constructing initial cold storage facilities in Nebraska and Kansas.
In October 2022 sale of Oceana Group’s Commercial Cold Storage (CCS) business worth ZAR760mn was concluded ahead of core fishing activities development investments by the company across Southern African countries, including Namibia and South Africa. The CCS deal resulted in Oceana selling its Commercial Cold Storage (CCS) business for ZAR760mn in 2022, which is part of the company’s strategy to concentrate on core fishing operations and expand these businesses across Southern African countries such as Namibia and South Africa, where it operates at present.
In April 2022, United States Cold Storage (USCS) announced that Vertical Cold Storage has purchased its three public refrigerated warehouses located in La Vista, Nebraska; Marshville, North Carolina; and Medley, Florida The sale has enabled USCS to reinvest capital into Tulare facility located in California for extended expansion efforts and acquiring an additional 39 acres spread out through Turlock where future growth can take place.
In March 2023, Americold announced that it had made a strategic investment in RSA Cold Chain, which has established itself as a regional cold storage operator. This will allow Americold to pursue more localized expansionist desires, take up strategic growth opportunities within the Middle East and neighboring markets as well and link RSA Cold Chain to the global network of the company.
During the Berlin Fruit Logistica trade show in February 2023, Lineage Logistics introduced its ‘Lineage Fresh’ service throughout Europe, which provides grocers, producers and importers of fresh fruits and vegetables with storage solutions. Less risk & spoilage and fewer obstacles may be faced by products with short shelf-life owing to Lineage´s cold storage technology and robust logistics network for perishable goods launched in November 2022 in the US.
In November 2022, Lineage Logistics opened Cool Port II at the Port of Rotterdam in the Netherlands, which is a fully automated facility freezing foods. Such services are delivered through sixty thousand pallet locations offered within deep-freeze high bay warehouses. The complete range of storing food items safely and providing them includes three truck unloading systems automated completely alongside this freezing high-bay store with 60,000 pallet positions; they are also linked to full-service warehousing cycles for perishables such as fruit or other produce from sally farms like those found at South Africa. It joins other major European ports where Lineage already operates some advanced facilities for refrigeration purposes worldwide.
Cold Storage Market Highlights:
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