Cold Storage Likely to Dominate the Cold Chain Market accounting for Largest Revenue Share in Philippines Cold Chain Market: Ken Research

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Old and dilapidated trucks and buses will be the next to be banned from roads as part of the public utility vehicle modernization program, which kicked off at the start of the year with the gradual phase-out of old vehicles. The ban of trucks is expected to deeply impact the cold storage business in the country.

Analysts at Ken Research in their latest publication Philippines Cold Chain Market Outlook to 2023 – By Service Mix (Cold Storage Market and Cold Transportation) expect the market to register a tremendous growth in terms of value during the forecast period 2019E-2023E. Increase in government support is expected to have positive impact on the market future growth.

Philippines Cold Chain Market: Cold Chain Market in Philippines consists of services such as cold storage and cold transportation. The market witnessed a significant growth after the launch of ‘Philippines National Cold Chain Program’ in 2004 which helped in establishment of cold chain facilities in major areas of North, Central and South Philippines. Government initiatives such as ‘Philippines Cold Chain Project’ launched in 2014, the ‘Build, Build, Build’ government initiative launched in 2018 to improve the state of infrastructure in the country, the annual Philippines Cold Chain Expo by CCAP and the growing number of quick service restaurants in the country have also been vital factors for the growth in market.

Driving Factors of Philippines Cold Chain Market: Pharmaceutical products especially vaccines require cold chain facilities such as transport and storage at -20C to ensure preservation. Philippines is the third largest market for pharmaceutical products among ASEAN countries, hence the demand of cold chain in the country has been supported by the pharmaceutical applications. Also, the market has been supported by the government initiatives such as setting up of US supported Philippines Cold Chain Project (PCCP) have also played a major role in the development of cold chain infrastructure in Philippines. Furthermore, more than half of the animal meat consumed in Philippines is from fish or other seafood products. The production in the country has consistently fallen over the last five years which has negatively affected supply of fresh fish in Philippines. Thus, Filipinos are forced to resort to frozen seafood products which are imported from neighboring countries. This has encouraged the frozen seafood market of Philippines and has subsequently augmented the demand for cold chain services in the country.

Competition in Philippines Cold Chain Market: There are number of leading players in Philippines Cold Chain Market. The cold chain companies in the country were competing on parameters such as location, price, temperature range and integrated services.

Some of the companies that operate in Philippines Cold Chain Market are Jentec Storage Inc., Vifel Ice Plant and Cold Storage Inc., Glacier Megafridge Inc., Royal Cargo Inc., Royal Cold Storage Inc., Koldstor Inc., Polar Bear Freezing & Storage Corporation, Big Blue Logistics Corporation, Arctic Cold Storage, Antarctica Cold Storage, Frabelle Cold Storage, Mets Logistics, Royal Cargo, 2Go Logistics, Jentec Cold Storage Inc., LBC Express, and more.

Philippines Cold Chain Market

Future of Philippines Cold Chain Market: The future prospect of the cold chain industry in Philippines looks quite promising. The growth of the Philippines cold chain market is expected to accelerate over the forecasted period 2019-2023 owing to initiation of the Philippines Cold Chain Project and other cold chain programs conducted by both the government and CCAP. Furthermore, augmenting sales of meat, seafood and pharmaceuticals are expected to lay the foundation for growth in Philippines cold chain market during the period 2019-2023. These factors will augment the revenues in the Philippines cold chain market. However, cost of doing business such as having to wade through government’s bureaucracy and to cope with unexpected and unplanned costs which are extra costs which exert adverse impact on the industry overall competitiveness.

Keywords:-

Philippines Cold Chain Market

Philippines Cold Storage Market

Philippines Cold Transportation Market

Philippines third Party Cold Chain Market

Philippines Cold Storage Capacity

Number of Cold Storages in Philippines

Philippines Pallet Capacity

Philippines Cold Storage Temperature Ranges

Philippines Cold Storage Firms

Government Regulation in Philippines Cold Storage

Philippines Cold Chain Trends

Philippines Cold Chain Challenges

Philippines Cold Chain SWOT Analysis

Philippines Cold Storage Warehouse

Key Segments Covered:-

Philippines Cold Chain Market

Philippines Cold Chain Market Size

Philippines Cold Chain Market Segmentation

By Type of Market

By Products

Philippines Cold Chain Market Future Outlook

Philippines Cold Storage Market

Philippines Cold Storage Market Size

Philippines Cold Storage Market Segmentation

By Operations

By Temperature

By Size of Firms

By Region

By Ownership

Philippines Cold Storage Future Outlook

Philippines Cold Transportation Market

Philippines Cold Transportation Market Size

Philippines Cold Transportation Market Segmentation

By Mode of Transport

By Mode of Land Transport

By Location

By Vicinity

By Ownership

Philippines Cold Transportation Future Outlook

Key Target Audience:-

Cold Storage Companies

Cold Chain Companies

Active and Passive Pallet Manufacturers

Freight Forwarding Companies

Companies Seeking Col Chain Solutions

Cold Chain Logistics Companies

Companies seeking logistics services

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2023

Companies Covered:-

Jentec Storage Inc.

Vifel Ice Plant and Cold Storage Inc.

Glacier Megafridge Inc.

Royal Cargo Inc.

Royal Cold Storage Inc.

Koldstor Inc.

Polar Bear Freezing & Storage Corporation

Big Blue Logistics Corporation

Arctic Cold Storage

Antarctica Cold Storage

Frabelle Cold Storage

Mets Logistics

Royal Cargo

2Go Logistics

Jentec Cold Storage Inc

LBC Express

For more information on the research report, refer to below link:-

Philippines Cold Chain Market

Related Reports By Ken Research:-

Vietnam Cold Chain Market by Cold Storage and Cold Transport, Product Type (Bakery, Confectionary, Dairy, Meat & SeaFood, Vaccines & Pharmaceutical, Fruits & Vegetables, Chemicals) – Outlook to 2021

The report provides a comprehensive analysis of cold chain market in Vietnam. The report covers Vietnam Cold Chain Market by Type (Cold Storage and Cold Transport), by Industries (Meat and Seafood, Pharmaceutical, Fruits and Vegetables, Bakery and Others), by Type of Cold Storage (Rented and Owned), by Demand for Cold Storage by Region (HCM, Hanoi and others), by Type of Cold Storage (Manufacturing Cold Storage, Trading Cold Storage And Bonded Warehouse Cold Storage), by Size of Cold Storage Firms (Small, Medium and Large), by Domestic and International Cold Transport. The report also covers market in different aspects such as supply chain analysis, competitive landscape and company profiles for major players including Swire Cold Storage Vietnam Limited, Lotte Logistics Vietnam Co. Ltd, Konoike Vina, CLK Cold Storage Company Limited, Hung Vuong Corporation, Sojitz and Kokubu, Mekong Logistics Company Limited, Kuehne Nagel, Preferred Freezer Services, Panalpina, Triton Container International, DB Schenker, Agility Logistics Vietnam, APL Vietnam, Maersk Line, MP Logistics, Vinafco Vietnam.

Indonesia Cold Chain (Cold Transport and Storage) Market Outlook to 2021 – By End Users (Meat and Seafood, Vaccines and Other Pharma Products, Bakery and Confectionary, Fruits and Vegetables and Others)

The report provides a comprehensive analysis of cold chain market in Indonesia. The report focuses on overall market size, cold chain market segmentation by Cold Storage and Cold Transport, by Product Type (Meat and Seafood, Vaccines and Pharma Products, Bakery and Confectionary, Fruits and Vegetables and Others). The report also covers Comparison of Multiple Cold Storage Firms, Industry Norms and regulations, Growth Drivers and Trends, Issues and Challenges and competitive benchmarking. The report concludes with market projection for future.

India Cold Chain Market Outlook to 2022 – by Cold Storage & Cold Transport, 3PL, End User Industry (Agro food, Fruits & Vegetables, Fruit pulp & Concentrates, Dairy Products, Ice Cream, Meat, Sea Food, Confectionery, Poultry, Ready to Cook, Pharmaceutical, Industrial Products)

The report provides information on market size for India cold chain, cold storage and cold transport. The report covers aspects such as cold chain market segment (by cold storage and cold transport, by type of products), cold storage market segment (by organized and unorganized, by size of firms, by products, by domestic and international cold storage, by region and by owned and rented cold storage), cold transport market segment (by organized and unorganized, by domestic and international cold chain transport, by mode of transport and by domestic and international cold chain companies), competitive landscape of major players in India cold chain market and covering competitive landscape of major cold chain companies including RK Foodland, Snowman Logistics, Cold Star Logistics, Schedulers, Gubba Cold Storage, Kailash Agro Cold Storage, M J Logistics Services, Deccan Cold Storage Pvt Ltd, Dev Bhumi Cold Chain, Gati Kausar Cold Chain Solutions and ColdEx Pvt. Ltd. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.

China Cold Chain Market Outlook to 2022 – by Cold Storage and Cold Transport and by Industries (Meat and Seafood, Fruits and Vegetables, Bakery, Pharmaceutical and Others)

The report provides a comprehensive analysis of cold chain market in China. The report covers market size, Market segmentation by Type (Cold Storage and Cold Transport), by Industries (Meat and Seafood, Fruits and Vegetables, Bakery, Pharmaceutical and Others), by Type of Cold Storage (3PL and Owned), by Demand for Cold Storage by Region (East China, South Central, North East, South West, North West and North China), by Size of Warehouses (Small, Medium and Large), by Domestic and International Cold Transport and By Modes of transport (Road, Air and Sea). The report also covers value chain analysis, competitive landscape and company profiles for major players including including Swire Cold Storage Limited, Solidus logistics, Itochu Logistics, SF Express, Rokin Logistics China, DCH Logistics, CMAC, Zheng Ming Logistics, Xianyi Supply Chain, SinoTrans PFS, Zhong Rong Logistics , Shanghai Jiaoyun , Speed Fresh Logistics, HAVI Logistics (Beijing) Co., Ltd., China Railway Express Co., Ltd., Dalian Refrigeration Co., Ltd., Dalian Tianbao Green Foods Co., Ltd., Shanghai Jiaoyun Rihong International Logistics Co., Ltd. in China cold chain market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

Thailand Cold Chain Market Forecast to 2022 – By Type (Cold Storage and Cold Transport), By 3PL, By Temperature Range, By Region, By International and Domestic Cold Transport and By Modes of Transport (Ground, Air and Sea)

The report provides a comprehensive analysis of cold storage, cold transport and 3PL temperature controlled logistics market in Thailand. The report covers market size, segmentation on the basis of cold storage and cold transport and by the ownership, temperature range of the facilities and by the region. The report also covers value chain analysis, competitive landscape and company profiles for major players in Thailand cold chain market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.

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