Hyderabad, July 05, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Asia-Pacific Cold Chain Logistics Market Report (2023-2028)," the market is estimated at USD 142.71 billion in 2023. It is expected to register a CAGR of 8.58% during the forecast period.
Cold chain logistics has garnered popularity in the Asia-Pacific region. Its customer base accounts for around 60% of the global population. Japan is considered as being a mature market for the application of cold chain logistics. Customers from multiple industries prefer Japan’s cold chain logistics over others.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 142.71 billion |
| Market Size (2028) | USD 215.43 billion |
| CAGR (2023-2028) | 8.58% |
| Study Period | 2018-2028 |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | The availability and application of radio-frequency identification (RFID) in cold chain applications. |
| The customers’ shift in dietary patterns. |
Who are the Top Companies in the Asia-Pacific Cold Chain Logistics Market?
The Asia-Pacific cold chain logistics market is immensely fragmented, with various local and global established players catering to the increasing demand.
The significant players in the Asia-Pacific cold chain logistics market are,
- United Parcel Service of America
- OOCL Logistics Ltd
- JWD Infologistics Public Company Ltd
- Nichirei Logistics Group Inc.
- SCG Logistics Management Company Limited
- X2 Logistics Network (X2 GROUP)
- AIT Worldwide Logistics Inc.
- CWT PTE. LIMITED (CWT International Ltd)
- SF Express
- CJ Rokin Logistics
Other Reports That Might Be of Your Interest:
- India Cold Chain Logistics Market Report - The Indian cold chain logistics market value is estimated at USD 9.75 billion in 2023. It is expected to reach USD 12.85 billion by 2028, registering a CAGR of 5.67% during the forecast period (2023-2028).
- China Cold Chain Logistics Market Report - The Chinese cold chain logistics market size is estimated at USD 77.97 billion in 2023. It is expected to reach USD 125.97 billion by 2028, registering a CAGR of 10.07% during the forecast period (2023-2028).
Key Highlights from the Asia-Pacific Cold Chain Logistics Market Report:
Decrease in the Volume of Domestic Water Freight Transportation
- Around 4.7 billion tons of freight is handled by Japan every single year. Be it road, water, rail or air, every mode of commute plays a critical role in the economy.
- The automation industry is changing rapidly in Japan. Labor shortages due to the aging of existing drivers are threatening to raise transport costs in the sale of goods.
Rise in the Number of Refrigerated Warehouses
- Many export industries are dependent upon cold chain solutions because storage warehouses with cold chain systems are built to provide ideal preservation conditions for products that are temperature sensitive.
- In the Asia-Pacific region, the use of refrigerated warehouses is increasing due to the surge in demand for edible and pharmaceutical products.
What are the Latest Developments in the Asia-Pacific Cold Chain Logistics Market?
- In October 2022, time and temperature-sensitive shipments to Thailand and Singapore were increased due to the expansion of the Premier service by the express giant, UPS.
- In September 2022, to raise the bar of Thailand’s refrigeration ecosystem and encourage food safety, a partnership agreement was signed by DENSO Sales (Thailand), Toyota Tsusho Thailand, and SCG Logistics.
Mordor Intelligence has Segmented the Asia-Pacific Cold Chain Logistics Market Based on Services, Temperature Type, Application, and Country:
- Services (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Storage
- Transportation
- Value-added Services (Blast Freezing, Labeling, Inventory Management, Etc.)
- By Temperature Type (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Chilled
- Frozen
- By Application (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Horticulture (Fresh Fruits and Vegetables)
- Dairy Products (Milk, Ice-cream, Butter, Etc.)
- Meats, Fish, Poultry
- Processed Food Products
- Pharma, Life Sciences, and Chemicals
- Other Applications
- By Country (Market Size and Forecast based on Value (USD billion), 2018-2028)
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Australia
- Philippines
- Rest of Asia-Pacific
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Asia-Pacific Cold Chain Logistics Market Report (2023-2028).
Mordor Intelligence constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:
- Poland Cold Chain Logistics Market Report - The Polish cold chain logistics market size is estimated at USD 2.7 billion in 2023. It is expected to reach USD 4.43 billion by 2028, registering a CAGR of 10.45% during the forecast period (2023-2028).
- France Cold Chain Logistics Market Report - The French cold chain logistics market size is estimated at USD 10.58 billion in 2023. It is expected to reach USD 16.56 billion by 2028, registering a CAGR of 9.38% during the forecast period (2023-2028).
- Italy Cold Chain Logistics Market Report - The Italian cold chain logistics market size is estimated at USD 7.98 billion in 2023. It is expected to reach USD 12.69 billion by 2028, with a CAGR of 9.73% during the forecast period (2023-2028).
About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the competitive landscape of the industry.
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