GCCA members’ capacity grows by over 10%

USA: The Global Cold Chain Alliance (GCCA) has released its annual Global Top 25 List, recognising the association’s largest temperature-controlled warehousing and logistics members.

Accompanying the Global Top 25 are regional listings of the largest GCCA North American, Latin America and European warehouse members. The lists are determined by the total reported capacity of temperature-controlled space in GCCA membership.

GCCA members are said to represent a significant portion of the global cold chain industry, although a precise percentage isn’t publicly stated. 

Members currently own or operate 231,000,000m³ of capacity^, growing by over 10% since the publication of the 2024 lists. This is said to be due to mergers and acquisition activity, as well as the completion of numerous in-progress projects, and does not suggest that the general industry grew at this pace.

The GCCA’s top 25 currently operate 207,000,000m³, the North American top 25 operate 141,500,000m³, the European top 10 operate 40,600,000m³ and the Latin American top 10 operate 16,4000,000m³.

“Even with the higher costs of capital, the growth in the industry across all regions in 2024 outpaced the prior two years,” said Adam Thocher, GCCA senior vice president, global programs and insights.

“While the overall pace of acquisitive growth seemed to slow, the increase in capacity at the largest cold chain operations in the world continued. Investments in expansion projects and greenfield developments in all regions shows legacy operations as well as new market entrants are still optimistic about future demand in the sector.”

GCCA membership includes over 1,500 temperature-controlled facilities and members in over 92 countries. Warehouse members offer a range of logistics solutions, including storage, transportation, processing, blast freezing, exports, and more.

Further information on the GCCA website.