The Cost of Cold Storage Projects in Bangladesh

Cold Storage Equipment

Welcome to the valuable discussion on Cost of Cold Storage Projects in Bangladesh. In the vibrant tapestry of Bangladesh, where the spicy aroma of curry dances in the air and the vibrant hues of saris paint the streets, a pragmatic need emerges: the need for cold storage. Imagine this: the piquant mangoes, succulent fish, and aromatic spices, all needing a cool embrace to stay fresh and flavorful. Now, let’s dive into the nitty-gritty of what it takes to build this icy haven and the coins you’d need to toss into the frosty well.

Unveiling the Blueprint

1. Site Selection and Preparation (Approximately 10% of the Total Cost)

First and foremost, envision the project as a symphony, with the location being the conductor. Selecting a strategic site, perhaps a well-drained plot of land with a gentle slope, is pivotal. The ground must be level, free from any obstructions, and ready to embrace the foundations of your chilly dream.

2. Building the Fortress (Around 40% of the Total Cost)

Now, envision constructing the actual cold storage facility as crafting a sturdy novel. The walls, akin to the plot, need to be robust, insulating the delicate produce from the scorching sun or biting cold. Steel reinforcements and quality insulation materials are the sentences and paragraphs weaving this frigid narrative.

3. Procuring the Chilling Units (Approximately 25% of the Total Cost)

Picture this as acquiring the charismatic characters of your story. The cooling units – the heart and soul of the operation – are like protagonists, ensuring the temperature dances to the perfect rhythm. High-quality compressors, condensers, and evaporators are the heroes in this refrigerated saga.

4. Electrical and Plumbing Setup (Around 10% of the Total Cost)

Think of this as the electricity and plumbing in your home. A cold storage facility needs a robust power supply and efficient drainage systems to keep the icy tale flowing smoothly. It’s the wiring and pipes, the unsung heroes of this frosty fable.

5. Regulatory Affairs and Documentation (Approximately 5% of the Total Cost)

Every story has paperwork, and so does this one. Navigating the bureaucratic labyrinth, obtaining permits, and ensuring compliance with regulations are the chapters that ensure a hassle-free journey. Consider it the necessary paperwork to embark on this chilling adventure.

Cost of Cold Storage Projects in Bangladesh

Counting the Coins: Cost of Cold Storage Projects in Bangladesh

So, how much will this chilly escapade cost you in the end? Drumroll, please.

Considering the aforementioned breakdown, the estimated cost of setting up a cold storage project in Bangladesh ranges between BDT 4,000 to 4,500 per square foot for small and medium scale cold store and BDT 3,000 to 3,500 per square foot for large scale cold store (including machinery and construction). Now, put on your mathematical glasses and measure the dimensions of your freezing fantasy to get a ballpark figure.

Conclusion: A Chill Worth the Thrill

Embarking on a cold storage project in Bangladesh is akin to crafting a novel set in a frosty landscape – it requires careful planning, strategic placement, compelling characters (cooling units), a sturdy plot (building structure), and meticulous editing (regulatory compliance). Yes, it comes with a price tag, but the promise of preserving the flavors of Bangladesh’s bounty makes it a venture worth considering.

In the end, whether you’re a seasoned entrepreneur or a novice dreamer, building a cold storage facility is like weaving a tale – a tale that promises to keep the essence of Bangladesh’s culinary wonders intact, ready to be savored by generations to come.

Why a Cold Storage Business is a Good Startup in Bangladesh

Cold Storage Equipment

Bangladesh is a country with a growing population and a rapidly developing economy. As a result, there is a growing demand for food and other perishable goods. Cold storage facilities are essential for storing these goods in a safe and efficient manner.

There are a number of reasons why a cold storage business is a good startup in Bangladesh. First, the country has a warm climate, which makes it necessary to store food and other perishable goods in a cool environment. Second, the demand for cold storage facilities is growing, as more and more businesses are looking to store their products in a safe and efficient manner. Third, the government of Bangladesh is providing incentives for businesses to invest in cold storage facilities.

If you are considering starting a cold storage business in Bangladesh, there are a few things you need to keep in mind. First, you need to choose the right location for your facility. The facility should be located in an area with a good access to transportation, as you will need to be able to transport your products to and from the facility. Second, you need to choose the right type of cold storage facility for your needs. There are a variety of different types of cold storage facilities available, so you need to choose one that is right for the type of products you will be storing.

Finally, you need to make sure that you have the necessary permits and licenses to operate a cold storage facility in Bangladesh. The government of Bangladesh has a number of regulations governing the operation of cold storage facilities, so you need to make sure that you comply with all of the applicable regulations.

If you are able to overcome these challenges, then a cold storage business can be a very profitable venture in Bangladesh. The country has a large and growing market for cold storage facilities, and the government is providing incentives for businesses to invest in this sector.

Here are some of the benefits of starting a cold storage business in Bangladesh:

  • Growing demand for cold storage facilities
  • Government incentives for businesses to invest in cold storage
  • Large and growing market for cold storage
  • Potential for high profits

If you are looking for a profitable business opportunity in Bangladesh, then a cold storage business is a good option to consider. With careful planning and execution, you can build a successful cold storage business that will serve the needs of the growing market in Bangladesh.

Here are some tips for starting a cold storage business in Bangladesh:

  • Do your research. Before you start any business, it is important to do your research and understand the market. This includes understanding the demand for cold storage facilities, the competition, and the government regulations.
  • Choose the right location. The location of your cold storage facility is important. You need to choose a location that is accessible to transportation and has a good supply of power.
  • Get the necessary permits and licenses. You need to make sure that you have all of the necessary permits and licenses to operate a cold storage facility in Bangladesh.
  • Invest in the right equipment. You need to invest in the right equipment to ensure that your cold storage facility is efficient and operates smoothly.
  • Market your business. Once you have your cold storage facility up and running, you need to market your business to attract customers. You can do this through advertising, networking, and attending trade shows.

If you follow these tips, you will be well on your way to starting a successful cold storage business in Bangladesh.

How Much a Cold Storage Business be Funded in Bangladesh?

One-Stop Cold Room Solution by CBECL and KENDALL

Introduction

Cold storage is a critical part of the food supply chain in Bangladesh. It helps to preserve food, extend its shelf life, and reduce post-harvest losses. The cold storage industry is growing rapidly in Bangladesh, as more and more businesses are realizing the benefits of cold storage.

The Cost of Starting a Cold Storage Business

The cost of starting a cold storage business in Bangladesh varies depending on the size and type of cold storage facility. However, in general, you can expect to invest anywhere from 6 lakhs to 100 crores taka.

The following are some of the factors that will affect the cost of starting a cold storage business:

  • The size of the cold storage facility
  • The type of cold storage facility (vegetable, fish, meat, etc.)
  • The location of the cold storage facility
  • The cost of machinery and equipment
  • The cost of construction
  • The cost of permits and licenses

How to Fund a Cold Storage Business

There are a number of ways to fund a cold storage business in Bangladesh. Some of the most common options include:

  • Self-funding
  • Bank loans
  • Government grants
  • Private equity

Self-funding

Self-funding is the most common way to finance a cold storage business in Bangladesh. This means that you will use your own money to start the business. If you do not have the necessary funds, you may be able to borrow money from family or friends.

Bank Loans

Bank loans are another common way to finance a cold storage business in Bangladesh. Banks will typically require you to have a good credit score and a business plan before they will approve a loan. The interest rates on bank loans can be high, so it is important to shop around and compare rates before you choose a lender.

Government Grants

The government of Bangladesh offers a number of grants to businesses that are involved in the food processing industry. These grants can be used to finance the construction or renovation of a cold storage facility. To qualify for a government grant, you will need to meet certain criteria, such as having a business plan and a track record of success.

Private Equity

Private equity is another option for financing a cold storage business in Bangladesh. Private equity firms typically invest in businesses that have the potential for high growth. If you are able to attract the interest of a private equity firm, they may be willing to provide you with the funding you need to start your business.

Conclusion

The cost of starting a cold storage business in Bangladesh can be high, but the potential rewards are also significant. If you are considering starting a cold storage business, it is important to carefully consider your financing options. There are a number of ways to fund a cold storage business in Bangladesh, and the best option for you will depend on your specific circumstances.

Tips for Starting a Cold Storage Business in Bangladesh

  • Do your research. Before you start a cold storage business, it is important to do your research and understand the industry. This includes understanding the demand for cold storage, the cost of starting a business, and the regulatory requirements.
  • Have a business plan. A business plan is essential for any business, but it is especially important for a cold storage business. Your business plan should outline your goals, your strategy, and your financial projections.
  • Get the right permits and licenses. Before you can start operating a cold storage business, you will need to obtain the necessary permits and licenses. The specific requirements will vary depending on the location of your business.
  • Choose the right location. The location of your cold storage facility is important. You will need to choose a location that is close to your target market and that has access to transportation.
  • Invest in quality equipment. The quality of your equipment will have a significant impact on the efficiency and profitability of your business. Make sure to invest in quality equipment that will meet your needs.
  • Market your business. Once your business is up and running, you will need to market your business to potential customers. This includes developing a marketing plan and distributing your marketing materials.

Starting a cold storage business in Bangladesh can be a challenging but rewarding venture. By following these tips, you can increase your chances of success.

How a Cold Storage Business can be Profitable in Bangladesh

Cold Storage Machinery Suppliers in Bangladesh

Bangladesh is a country with a growing population and a rapidly developing economy. This has led to an increased demand for food, and cold storage businesses are well-positioned to meet this demand.

A cold storage business is a business that stores food at a controlled temperature. This allows the food to be preserved for longer periods of time, which can lead to increased profits.

There are a number of factors that can contribute to the profitability of a cold storage business in Bangladesh. These include:

  • The location of the cold storage facility. A cold storage facility that is located in a strategic location, such as near a major transportation hub, will be more profitable than a facility that is located in a remote area.
  • The size of the cold storage facility. A larger cold storage facility will be able to store more food, which can lead to increased profits.
  • The type of food that is stored in the cold storage facility. Some types of food, such as fruits and vegetables, are more perishable than others. A cold storage facility that stores perishable food will need to be more carefully managed in order to maintain the quality of the food.
  • The level of competition in the market. If there is a lot of competition in the market, a cold storage business will need to offer competitive prices in order to be profitable.

If you are considering starting a cold storage business in Bangladesh, there are a number of things you need to do in order to be successful. These include:

  • Conduct market research to determine the demand for cold storage in your area.
  • Obtain the necessary permits and licenses from the government.
  • Purchase or lease a suitable property for your cold storage facility.
  • Install the necessary equipment and machinery.
  • Hire qualified staff.
  • Develop a marketing plan to reach your target customers.

If you do your research and plan carefully, you can start a cold storage business in Bangladesh that is profitable and successful.

Here are some additional tips for making a cold storage business profitable in Bangladesh:

  • Choose the right location for your cold storage facility. The location should be close to your target customers, and it should be easy to get to and from.
  • Invest in high-quality equipment. This will help to ensure that your cold storage facility is efficient and that your food is stored properly.
  • Manage your inventory effectively. This will help you to avoid spoilage and to ensure that you are always selling fresh food.
  • Market your cold storage business to the right customers. Make sure that you are reaching your target customers with your marketing messages.
  • Offer competitive pricing. This will help you to attract customers and to maintain your profits.
  • Provide excellent customer service. This will help you to build a loyal customer base and to keep your customers coming back for more.

By following these tips, you can increase your chances of success in the cold storage business in Bangladesh.

How to Start a Cold Storage Business in Bangladesh

Cold Storage Infrastructure

Cold storage is a growing industry in Bangladesh, as the country’s agricultural sector continues to expand. If you are thinking about starting a cold storage business, there are a few things you need to know.

1. Do your research.

Before you do anything else, it is important to do your research and understand the cold storage industry in Bangladesh. This includes understanding the demand for cold storage, the different types of cold storage facilities, and the costs involved in starting a business.

2. Choose the right location.

The location of your cold storage facility is important, as it will affect the cost of your investment and the ease of doing business. You will need to choose a location that is close to your target market, has good access to transportation, and is zoned for industrial use.

3. Get the necessary permits and licenses.

Before you can start building your cold storage facility, you will need to obtain the necessary permits and licenses from the government. This process can be time-consuming, so it is important to start early.

4. Build or lease a facility.

Once you have the necessary permits and licenses, you will need to build or lease a cold storage facility. If you are building a facility, you will need to work with an architect and engineer to design a facility that meets your needs. If you are leasing a facility, you will need to find a facility that is in good condition and has the capacity to meet your needs.

5. Purchase the necessary equipment.

Once you have a facility, you will need to purchase the necessary equipment. This includes refrigeration units, cold storage racks, and other equipment. You will need to choose equipment that is reliable and efficient.

6. Hire qualified staff.

You will need to hire qualified staff to operate and maintain your cold storage facility. This includes hiring a manager, engineers, technicians, and warehouse workers.

7. Market your business.

Once your cold storage facility is up and running, you will need to market your business to potential customers. This includes creating a website, advertising in trade publications, and attending trade shows.

Starting a cold storage business in Bangladesh can be a profitable venture. However, it is important to do your research and plan carefully before you get started. By following the steps outlined in this blog, you can increase your chances of success.

Here are some additional tips for starting a cold storage business in Bangladesh:

  • Consider partnering with a local agricultural cooperative or association. This can help you to secure a steady supply of products to store.
  • Look for government grants or loans that are available to small businesses. This can help you to finance the start-up costs of your business.
  • Join a trade association or network with other cold storage operators. This can help you to stay up-to-date on industry trends and learn from the experiences of others.

With careful planning and execution, you can start a successful cold storage business in Bangladesh.

Feasibility of Cold Storage Business in Bangladesh

Cold Storage Equipment

Bangladesh is a country with a growing economy and a rapidly expanding population. As a result, there is a growing demand for cold storage facilities to store food and other perishable goods.

The cold storage industry in Bangladesh is still in its early stages of development, but it has the potential to grow significantly in the coming years. There are a number of factors that are driving the growth of the cold storage industry in Bangladesh, including:

  • The increasing demand for food: As the population of Bangladesh grows, so does the demand for food. This is creating a need for cold storage facilities to store food safely and efficiently.
  • The growing export market: Bangladesh is a major exporter of agricultural products, such as vegetables, fruits, and fish. Cold storage facilities are essential for preserving these products during transportation and export.
  • The government’s support: The government of Bangladesh is supportive of the cold storage industry. The government has implemented a number of policies to promote the development of the industry, such as providing tax breaks and subsidies.

The feasibility of cold storage business in Bangladesh is very good. There is a growing demand for cold storage facilities, and the government is supportive of the industry. However, there are also some challenges that businesses need to be aware of, such as the high cost of investment and the lack of skilled labor.

If you are considering starting a cold storage business in Bangladesh, there are a few things you need to do to make sure your business is successful. First, you need to conduct a feasibility study to determine the demand for cold storage facilities in your area. You also need to choose a location that is close to your target market and has access to transportation. Finally, you need to make sure you have the capital to invest in the business and the ability to hire skilled labor.

If you can overcome these challenges, then you have a good chance of success in the cold storage business in Bangladesh. The industry is growing rapidly, and there is a strong demand for cold storage facilities. With careful planning and execution, you can build a successful cold storage business in Bangladesh.

Here are some of the benefits of investing in a cold storage business in Bangladesh:

  • The growing demand for food and other perishable goods
  • The government’s support of the cold storage industry
  • The potential for high profits
  • The relatively low cost of investment

If you are considering investing in a cold storage business in Bangladesh, here are a few things you need to keep in mind:

  • The high cost of construction and equipment
  • The need for skilled labor
  • The competition from other cold storage businesses

Overall, the feasibility of cold storage business in Bangladesh is very good. The industry is growing rapidly, and there is a strong demand for cold storage facilities. With careful planning and execution, you can build a successful cold storage business in Bangladesh.

The Business of Cold Storage in Bangladesh

Cold storage is a critical part of the food supply chain in Bangladesh. It allows farmers and businesses to store fresh produce and other perishable goods for longer periods of time, which helps to prevent food waste and ensure that consumers have access to fresh food all year round.

The cold storage industry in Bangladesh is growing rapidly. This is due to a number of factors, including the increasing demand for fresh food, the rising affluence of the Bangladeshi population, and the government’s efforts to promote food safety.

One of the leading providers of cold storage solutions in Bangladesh is CBECL and KENDALL. CBECL and KENDALL is a one-stop shop for all your cold storage needs. They offer a comprehensive range of services, from design and construction to machinery and equipment supply, installation, and after-sales service.

CBECL and KENDALL has a team of experienced engineers and technicians who are dedicated to providing their clients with the best possible service. They work closely with their clients to understand their specific needs and requirements, and they design and build cold rooms that meet the highest standards of quality and efficiency.

CBECL and KENDALL also offers a wide range of machinery and equipment, including compressors, evaporators, condensers, and controls. They can help you choose the right equipment for your specific application, and they can also provide installation and maintenance services.

If you are looking for a reliable and experienced cold storage supplier in Bangladesh, then CBECL and KENDALL is the right choice for you. They offer a wide range of services and products, and they are committed to providing their clients with the best possible service.

Here are some of the benefits of using cold storage in Bangladesh:

  • Prevents food waste: Cold storage can help to prevent food waste by extending the shelf life of fresh produce and other perishable goods. This can save businesses money and help to reduce the environmental impact of food production.
  • Ensures food safety: Cold storage can help to ensure food safety by maintaining a constant temperature and humidity level. This helps to prevent the growth of bacteria and other harmful microorganisms.
  • Improves product quality: Cold storage can help to improve the quality of food products by preserving their freshness and flavor. This can make food more appealing to consumers and increase sales.

If you are a farmer, business owner, or government official in Bangladesh, then you should consider the benefits of using cold storage. Cold storage can help you to improve your bottom line, ensure food safety, and improve the quality of your food products.

Contact CBECL and KENDALL today to learn more about how they can help you with your cold storage needs.

One-Stop Cold Room Solution for Bangladesh

Cold Storage Equipment

CBECL and KENDALL are a leading provider of cold room solutions in Bangladesh. We offer a comprehensive range of services, from design and construction to machinery and equipment supply, installation, and after-sales service. We are the professional manufacturer and supplier of cold stores for a variety of applications, including vegetables, fish, meat, specialized products, medicine, milk, and supermarkets.

Our team of experienced engineers and technicians has a deep understanding of the cold storage industry. We work closely with our clients to understand their specific needs and requirements, and we design and build cold rooms that meet the highest standards of quality and efficiency. We also offer a wide range of machinery and equipment, including compressors, evaporators, condensers, and controls.

We are committed to providing our clients with the best possible service. We offer a comprehensive warranty on all of our products and services, and we have a team of dedicated engineers and technicians who are available to provide support 24/7.

Why Choose CBECL and KENDALL for Your Cold Room Needs?

  • We are a leading provider of cold room solutions in Bangladesh.
  • We offer a comprehensive range of services, from design and construction to machinery and equipment supply, installation, and after-sales service.
  • We have a team of experienced engineers and technicians who are experts in the cold storage industry.
  • We offer a wide range of products to choose from, including cold stores for vegetables, fish, meat, specialized products, medicine, milk, and supermarkets.
  • We are committed to providing our clients with the best possible service, and we offer a comprehensive warranty on all of our products and services.

If you are looking for a reliable and experienced cold room supplier in Bangladesh, then CBECL and KENDALL is the right choice for you. Contact us today to learn more about our services.

Here are some of the benefits of using One-Stop Cold Room Solution by CBECL and KENDALL:

  • Quality: We use only the highest quality materials and components in our cold rooms, ensuring that they are built to last.
  • Efficiency: Our cold rooms are designed to be as energy-efficient as possible, so you can save money on your energy bills.
  • Flexibility: We can customize our cold rooms to meet your specific needs, whether you need a small cold room for a home or a large cold room for a commercial business.
  • Support: We offer a comprehensive warranty on all of our cold rooms, and we have a team of dedicated engineers and technicians who are available to provide support 24/7.

If you are looking for a reliable and experienced cold room supplier in Bangladesh, then CBECL and KENDALL is the right choice for you. Contact us today to learn more about our services.

One-Stop Cold Room Solution by CBECL and KENDALL

One-Stop Cold Room Solution by CBECL and KENDALL

One-Stop Cold Room Solution by CBECL and KENDALL

CBECL and KENDALL are a leading provider of cold room solutions in Bangladesh. We offer a comprehensive range of services, from design and construction to machinery and equipment supply, installation, and after-sales service. We are the professional manufacturer and supplier of cold stores for a variety of applications, including vegetables, fish, meat, specialized products, medicine, milk, and supermarkets.

Our team of experienced engineers and technicians has a deep understanding of the cold storage industry. We work closely with our clients to understand their specific needs and requirements, and we design and build cold rooms that meet the highest standards of quality and efficiency. We also offer a wide range of machinery and equipment, including compressors, evaporators, condensers, and controls.

We are committed to providing our clients with the best possible service. We offer a comprehensive warranty on all of our products and services, and we have a team of dedicated engineers and technicians who are available to provide support 24/7.

If you are looking for a reliable and experienced cold room supplier in Bangladesh, then CBECL and KENDALL is the right choice for you. We offer a wide range of services and products, and we are committed to providing our clients with the best possible service.

Here are some of the benefits of using One-Stop Cold Room Solution by CBECL and KENDALL:

  • We are a leading provider of cold room solutions in Bangladesh, with a team of experienced engineers and technicians.
  • We offer a comprehensive range of services, from design and construction to machinery and equipment supply, installation, and after-sales service.
  • We have a wide range of products to choose from, including cold stores for vegetables, fish, meat, specialized products, medicine, milk, and supermarkets.
  • We are committed to providing our clients with the best possible service, and we offer a comprehensive warranty on all of our products and services.

If you are looking for a reliable and experienced cold room supplier in Bangladesh, then CBECL and KENDALL is the right choice for you. Contact us today to learn more about our services.

Cold Store in Bangladesh: How a cold store is made

One-Stop Cold Room Solution by CBECL and KENDALL

A cold store, also known as a cold room or refrigerated warehouse, is a large building or room that is used to store food and other temperature-sensitive products. Cold stores are typically insulated to maintain a constant temperature, which is often below freezing.

The cold storage market in Bangladesh is growing rapidly. The growth of the market is being driven by the increasing demand for fresh food, the growing export market for Bangladeshi food products, and the government’s focus on food security. The market is expected to continue to grow in the coming years.

How a cold store is made

How a cold store is made

The construction of a cold store is a complex process that involves a number of steps, including:

  1. Site selection: The first step is to select a suitable site for the cold store. The site should be level and have good drainage. It should also be located in a cool climate, if possible.
  2. Foundation: The next step is to build the foundation for the cold store. The foundation should be strong enough to support the weight of the building and the equipment inside.
  3. Walls: The walls of the cold store should be made of a material that is good at insulation. Concrete, steel, and brick are all common materials for cold store walls.
  4. Roof: The roof of the cold store should also be insulated. The roof should be able to withstand the weight of snow and ice.
  5. Doors: The doors of the cold store should be well-sealed to prevent heat from escaping. The doors should also be strong enough to withstand the weight of pallets of goods.
  6. HVAC system: The cold store needs to have a HVAC system to maintain the desired temperature. The HVAC system will typically consist of a compressor, condenser, evaporator, and fans.
  7. Lighting: The cold store needs to have adequate lighting to allow workers to see what they are doing. The lighting should be energy-efficient to save on costs.
  8. Equipment: The cold store will need to be equipped with the necessary equipment to store and handle food and other temperature-sensitive products. This equipment may include forklifts, palletizers, and conveyors.

Once the cold store is built, it needs to be commissioned. This involves testing the HVAC system and the other equipment to make sure that they are working properly.

Cold stores are an important part of the food supply chain. They help to ensure that food is stored at the correct temperature and that it does not spoil. Cold stores are also used to store other temperature-sensitive products, such as pharmaceuticals and chemicals.

Cold Store in Bangladesh

Here are some of the cold stores in Bangladesh:

  • NM Cold Storage: This cold store is located in Dhaka. It has a capacity of 10,000 tonnes and is used to store fruits, vegetables, and other food products.
  • Bangladesh Cold Storage Association (BCSA): This is an association of cold stores in Bangladesh. It has a membership of over 400 cold stores and its headquarters is located in Dhaka.
  • Siddiq Ice & Cold Storage Ltd.: This cold store is located in Chattogram. It has a capacity of 5,000 tonnes and is used to store frozen fish and other seafood products.
  • Albala Cold Storage (Pvt.) Ltd.: This cold store is located in Dhaka. It has a capacity of 3,000 tonnes and is used to store fruits, vegetables, and other food products.
  • A.N. Khan Cold Storage Ltd.: This cold store is located in Dhaka. It has a capacity of 2,000 tonnes and is used to store frozen fish and other seafood products.

The cold storage industry in Bangladesh is growing rapidly. The country’s climate is well-suited for cold storage, and there is a growing demand for temperature-controlled storage facilities. The industry is expected to continue to grow in the coming years.