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.
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:-
Related Reports By Ken Research:-
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.
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.
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.
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.
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.
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91 9015378249
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