Philippines Cold Chain Market Outlook To 2023: Ken Research

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New Delhi, February 28, 2019:  The report titled Philippines Cold Chain Market Outlook to 2023 – By Service Mix (Cold Storage Market and Cold Transportation) provides a comprehensive analysis of cold Chain Market in Philippines. The report includes range of activities which covers transportation, storage as well as third party logistics in cold chain industry in Philippines. The report also covers the overall competitive landscape and company profiles of major cold storage and cold transportation companies in Philippines. The report concludes with market projections for future and analyst recommendations highlighting the major trends, developments, issues and challenges in the Philippines Cold Chain Market.

Philippines Cold Chain Market Overview and Size

Philippines Cold Chain Market comprises a range of activities that look over at the storage and transportation of temperature sensitive goods.

Philippines Cold Chain Market has witnessed robust growth over the period 2013-2018. Government initiatives, high domestic consumption and market’s growing food safety concerns have propelled the Philippines cold chain market over the period. Additionally, there has been a gradual shift of people purchasing frozen products from supermarkets instead of wet markets in Philippines over the last five years. Additionally, the government in Philippines has granted a subsidy for this sector which is encouraging cold chain companies to focus on cold storage business and increase the pallet position and cold storage facilities under them. The growing demand for cold storage requirements especially by fast food restaurants for products such as meat and seafood has also greatly contributed in the country’s cold chain sector during the period 2013-2018.

Philippines Cold Chain Market Segmentation by Services

Philippines Cold Chain Market consists of Cold Storage and Cold Transportation Markets. In the total market, Cold Storage segment dominates with the largest revenue share as compared to Cold Transportation in 2018.

The incline in the share of Cold Storage is majorly due to the growing number of food service establishments in the country and infrastructural development taking place. The government initiative of ‘Build, Build, Build’ which is aimed at improving the state of infrastructure in the country is expected to support cold storages in the country.

On the contrary, the contribution of cold transport business in the total revenue of the cold chain market of Philippines is less which is majorly due to 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. Therefore, the cold storage is expected to contribute less in the overall Philippines Cold Chain Market.

Competitive Landscape in Philippines Cold Chain Market

The competition within Philippines Cold Chain Market concentrated in nature with the presence of numerous players such as 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 Outlook and Projections

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. Additionally, 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 Philippines cold chain market during the period 2019-2023. However, on the other hand the market 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.

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

Key Topics Covered in the Report:-

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

Corporate Comm India(CCI NewsWire)