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.
The future prospects of the cold chain industry in
Philippines look 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 Philippines cold
chain market during the period 2019-2023. The sector is expected to face
challenges that will affect the business decisions, both in investment planning
and operations management. These issues will be the 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.
Majority of the revenue of the cold chain market has
been contributed by the cold storage sector over the past five years and this
sector will continue to dominate the market over the period 2019-2023 as well.
Additionally, growing import of pharmaceuticals, meat and seafood in the
country is also projected to augment the demand for cold storages in the
country. On the other hand, the contribution of cold transport business in the
total revenue of the cold chain market of Philippines is expected to decline.
This decline in share will be on the grounds of the ongoing truck ban in the
country and the recent order by the Department of Transportation to prohibit 15
year or older vehicles from coming on the road. The rising construction of cold
storages in the country is also having a relatively negative impact on the cold
transport business.
Analysts at Ken Research in their latest
publication titled “Philippines
Cold Chain Market Outlook to 2023 – By Service Mix (Cold Storage Market and
Cold Transportation)” believe that increase in government
support coupled with companies’ investments are the main reason that will
drive the future growth of the market. The
market is expected to register a positive CAGR of 9.4% in terms of revenue during
the forecast period 2019E-2023E.
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
Executive Summary
Research Methodology
Stakeholders in
Philippines Cold Chain Market
Infrastructural
Analysis of Philippines
Value Chain Analysis
of Philippines Cold Chain Market
Comparative Analysis
of Philippines Cold Chain Market with Other Cold Chain Markets
Philippines Cold Chain
Market
Philippines Cold
Chain Market Size
Philippines Cold
Chain Market Segmentation
Philippines Cold
Chain Market Future Outlook and Projections
Philippines Cold
Storage Market
Philippines Cold
Storage Market Segmentation
Philippines Cold
Storage Market Future Outlook and Projections
Philippines Cold
Transport Market
Philippines Cold
Transport Market Size
Philippines Cold
Transport Market Segmentation
Philippines Cold
Transport Market Future Outlook and Projections
Philippines Third
Party Logistics (3PL) Cold Chain Market
Government
Regulations in Philippines Cold Chain Market
Trends and
Developments in Philippines Cold Chain Market
Issues and
Challenges in Philippines Cold Chain Market
Decision Making
Process for Clients in Philippines Cold Chain Market
SWOT Analysis of
Philippines Cold Chain Market
Competitive
Landscape in the Philippines Cold Chain Market
Strengths and
Weaknesses of Major Players
Company Profiles of
Major Players in Philippines Cold Storage Market
Macro Economic
Factors Affecting Philippines Cold Chain Market
Analyst
Recommendations in Philippines Cold Chain Market
For More
Information on the research report, refer to below link:-
Click
Here To Get The Updated Report On- Philippines Cold Chain Market Outlook to 2025
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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249