- The cold storage sector in Vietnam is expected to grow with strong traction, likely driven by import and export orders for medicines and vaccines.
- Improved export trade and transportation agreements, global demand for Vietnamese seafood is expected to rise in the future boosting investment trends.
- With huge investment in cold storages and rising power prices & labor cost in the country along with rising automation and tech advancements in the country, storage cost is expected to increase in the future.
Technological Advancements: The cold storage industry is experiencing a new wave of technological developments which are essential for end users of cold storage services and for the organic growth of cold storage companies. Technology like- Robotics and Automation, Automated Guided Vehicles (Agvs), Iot Implementation, Advanced Sortation Systems, Drones and Advanced Analytics are being used by cold chain companies to grow their business.
New Government Policies and projects supporting the growth of Cold Chain: The government prohibits vehicles older than 20 years to operate on road which negatively impacts the cold transport business. The trend is expected to continue as the cold storage business grows stronger which will result in a decreased revenue share for cold transport by the year ending 2026F. Projects like Ring Road 3 and 4, the highway to the Moc Bai Border Gate and Cai Mep Port project, Long Thanh International Airport, and Hiep Phuoc Port City will boost the development of the sector in the years to come in the Southern Key Economic Region (SKER).
Development of New Cold Storage Warehouses: Many cold chain operators are expected to expand their operations and establish many new cold storage warehouses to cater to the large and rising demand for refrigerated storage, providing a significant boost to the Vietnam cold storage industry. The development of specialized logistics hubs and intermodal connections, is essential to boosting cold chain supply in the medium and long term.
Analysts at Ken Research in their latest publication “Vietnam Cold Chain Market Outlook to 2026F- Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” by Ken Research observed that Cold Chain market is an emergent transport and storage market in Vietnam at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for cosmetic dentistry, demand among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 14.8% CAGR during 2021-2026F owing to the rise in economy of the country, increasing consciousness towards looks and new government policies.
Key Segments Covered in the report
Vietnam Cold Chain Market
By End User
Meat and Seafood
Fruits and Vegetables
Dairy and Bakery
Vaccination and Pharmaceuticals
Others
By Ownership
3PL Cold Chain Facilities
Owned
Vietnam Cold Storage Market
By Temperature Range
Frozen
Chillers
Ambient
By Automation
Non-automated Pallets
Automated Pallets
By End User
Meat and Seafood
Fruits and Vegetables
Dairy and Bakery
Vaccination and Pharmaceuticals
Others
By Major Cities
Ho Chi Minh
Hanoi Capital
Binh Duong
Long An
Other
Vietnam Cold Transport Market
By Truck Type
Reefer Vans/Trucks
20-foot reefers
40-foot reefers and others
By Mode of Transportation
Land
Sea
Air
In Land Water ways
Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTA1
By Location
International
Domestic
By Vicinity
Inter-city
Intra-city
By End User
Meat and Seafood
Fruits and Vegetables
Dairy and Bakery
Vaccination and Pharmaceuticals
Others
Key Target Audience:-
Cold Storage Companies
Cold Chain Companies
Cold Transport Companies
Captive Cold Storage Companies
Captive Cold Chain Companies
Logistics Companies
Non-captive Companies
Cold Chain Associations
Logistics Associations
Private Equity Firms
Venture Capitalists
Time Period Captured in the Report:-
Historical Period: 2016-2021
Base Year: 2021
Forecast Period: 2021-2026F
Ask for Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTA1
Companies Covered:-
Lineage
Transimex
Hung Vuong Corporation
AJ Total Vietnam
Mekong Logistics
ARC Bing Duong
ABA Cooltrans
Emergent cold storage
SK Cold Storage
Lotte logistics
Konoike
Hong Lai Group
New Land Logistics
Thang Long Logistics
Crane Worldwide Logistics
ALS Avaition Logistics
Arctic Wolf
Vinafco
Key Topics Covered in the Report:-
Country Overview and Infrastructure Analysis of Vietnam
Vietnam Cold Chain Market Overview and Genesis
Vietnam Cold Chain Industry Supply Ecosystem
Business Cycle and Genesis of Vietnam Cold Chain Market
Vietnam Cold Chain Market, 2016-2021
Vietnam Cold Chain Market Segmentation (by Cold Storage and Cold Transport, by Ownership and by End Users)
Vietnam Cold Storage Market, 2016-2021
Vietnam Cold Storage Market Segmentation (by Automation, Temperature Range, by End Users and by region)
Vietnam Cold Transport Market Overview, 2016-2021
Vietnam Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by Location & Vicinity and by end users)
SWOT Analysis of Vietnam Cold Chain Market
Competition Scenario of Vietnam Cold Chain Market
Growth drivers of Vietnam Cold Chain Market
Technological Advancements in the Vietnam Cold Chain Market
Issues and Challenges in the Vietnam Cold Chain Market
Recent Trends in the Vietnam Cold Chain Market
End User Analysis of Vietnam Cold Chain Market
Future Outlook of Vietnam Cold Chain Market, 2021-2026F
Future Outlook of Vietnam Warehousing Market, 2021-2026F
Future Outlook of Vietnam Cold Storage Market, 2021-2026F
Future Outlook of Vietnam Cold Transport Market, 2021-2026F
Market Opportunities and Analyst Recommendation
For more information on the research reports, refer to below link:-
Related Reports:-
No comments:
Post a Comment