How Competition Scenario Works In South Korea Cold Chain Market?
The South Korea cold chain market competition is fragmented in nature with multiple domestic and international players, organized 3PLs, and unorganized small players operating in the market. There are several large and small companies operating in the cold chain industry providing both cold storage and cold transport facilities. Most of these companies operate in major cities including Seoul, Incheon, and Busan due to the presence of various end-user industries in these areas and due to the presence of well-developed road connectivity and port infrastructure. Companies were observed to compete on the basis of parameters such as warehousing space, temperature range offered, location, the price per pallet, existing clientele, product range catered to, and value-added services. Major logistics companies in the South Korea cold chain market include Lotte Logistics, CJ Logistics, Dongwon Industrial, Borim Logistics, Dongbu Express, Hansol Logistics, DB Schenker, Daelim Corporation, GS Global, DHL, Ottogi Logistics, Pantos Logistics, and Others.
What Is the Future Of Cold Chain Market In South Korea?
South Korea cold chain market is expected to grow at a CAGR of ~% from USD ~ Billion in 2018 to USD ~ Billion in 2023E primarily due to the rising imports of fruits and vegetable products in the country. The constant rising demand for products such as meat and seafood, dairy products and other frozen and processed foods in the country coupled with the active participation of the pharmaceutical sector, increase in government initiatives to develop the logistics infrastructure is expected to propel the growth of the cold chain industry in the country. It is expected that the employment of better and modern reefer trucks with advanced technologies coupled with decreasing fuel prices, rise of third-party logistics providing cold transportation facilities to the logistics companies and rising imports of processed fruits and vegetables will give a boost to the cold transport market in South Korea. Strong demand is anticipated for large and new-generation cold storage facilities with modern infrastructure which is expected to positively impact the cold storage market. The forecast period is also expected to witness a rise in the number of 3PL companies that offer an array of integrated services with large and sophisticated supply chains. Additionally, increasing adoption of modern technologies and automation processes such as Blast Freezing, EDI, RFID, AS/AR in the industry are expected to improve the operational efficiency of South Korea Cold Chain Market in the forecast period of 2018-2023E.
Key Segments Covered: -
By Type of Market
Cold Storage
By Temperature
Frozen
Chilled
Ambient
By Region
North
Central
South
Cold Transport
By Mode of Transport
Land
Sea
Air
By Location
Domestic
International
By Mode of Land Transport
40 Footer reefers
20 Footer reefers
Others (6, 8, 10 wheelers and more)
By Vicinity
Inter-city
Intra-city
By End-User Application
Meat and Seafood
Fruits and Vegetables
Pharmaceuticals/Healthcare
Dairy Products
Bakery and Confectionary
Others
By Ownership
Owned/Integrated
Third-Party Logistics (3PL)
Key Target Audience
Cold Chain Companies
Logistics Companies
Private Equity Investors
Government Associations
Construction Companies
Dairy Companies
Meat and Seafood Companies
Fruits and Vegetable Companies
Pharmaceutical Companies
Ice-Cream Companies
Time Period Captured in the Report: -
Historical Period: 2013-2018
Forecast Period: 2018-2023E
Companies Covered: -
Lotte Logistics
CJ Logistics
Dongwon Industrial
Borim Logistics
Dongbu Express
Hansol Logistics
DB Schenker
Daelim Corporation
GS Global
DHL
Ottogi Logistics Service Co., Ltd.
Pantos Logistics
Key Topics Covered in the Report: -
Cold Chain Businesses South Korea
South Korea Refrigerated Truck Market
South Korea Reefer Truck Market Size
South Korea Food and Drink Storage Industry
South Korea Lotte Logistics Market Revenue
South Korea CJ Logistics Market Analysis
Cold Storage Seoul Market Growth
South Korea DHL Logistics Competitors
Number of warehouses in South Korea
Dairy Industry Market Size in South Korea in KRW Billion
South Korea Processed Meat and Seafood Market
Confectionery Market Size in South Korea
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