Photo by Giorgio Trovato on Unsplash
The wide adoption of online grocery shopping and food delivery could see investment in Asia Pacific’s cold storage market quintuple to between $4 billion and $5 billion a year by 2032, according to JLL.
Meanwhile, demand for cold storage in the region is likely to grow by at least 20 percent annually over the next three years, led by Australia, China and India, the global property consultancy said in a recent report.
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