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a variety of retail channels. Additionally, greater total trade activity, bolstered by a strong
               dollar, will also cause manufacturers and wholesalers to demand more refrigerated storage
               space. As a result, over the five y ears to 2021, industry revenue is projected to grow at an
               average annual rate of 2.0% to $5.0 billion. Additionally, greater demand and lower costs
               from improved efficiency are expected to bolster industry profitability.



































































                   Prepared for Growers Ice Company, Inc.
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                   Jim White, PhD ---   JL White International
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