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Will Automated Cold Storage be the Future Success Factors for Philippines Frozen Storage Industry: Ken Research

02-18-2020 09:28 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research

Will Automated Cold Storage be the Future Success Factors

Demand for cold storages, especially frozen storage pallets in the Philippines offering a temperature range of -10C to -40C is on a rise like never before. Rising consumption of meat, seafood, ice-creams and processed frozen foods such as patties, fries, and nuggets among the millennial population have been some of the key growth drivers for the industry. Accompanied by the steady growth in demand for these products, the country continues to experience high food wastage while storage in the value chain, indicating increasing investment required for improving frozen storage infrastructure in the nation.

Nationwide Shortage of Frozen Storage Pallets resulting in Food Wastage
In 2019, as much as 26.3 million kgs of additional food were estimated to be wasted in the Philippines in comparison with its Southeast Asian counterparts such as Malaysia, Indonesia, Thailand, and Vietnam. It was also identified that the Philippines required more than 300,000 frozen storage pallets last year to meet the frozen food consumption levels in the country; a figure only projected to rise if increasing investments are not made in the frozen storage sector. Despite the existence of leading companies such as Jentec Cold Storage, Glacier Megafridge and Big Blue Logistics which have been in the business for more than a decade in the space and operate high pallet capacity, the country continues to experience a shortage in frozen storage pallets.

Are Automated Cold Storages Really the Answer?
Several cold and freezer storage companies in the Philippines have now begun focusing on transforming their existing cold storage facilities to fully automated profit centers through technological interventions such as ASRS, WMS, and RFID. For a country witnessing exorbitantly high levels of food wastage in comparison with the neighboring nations and acute shortage of pallet capacity, focusing only on increasing the pallet position becomes the prime concern. However, the industry is also witnessing rising competition owing to the emergence of new players and existing players increasing their current pallet capacity. The increasing competition is projected to result in the maturity of the market by 2035. Thus, in an increasingly competitive sector where every additional value-added service counts, automation in cold storage facilities is projected to become the major competition strategy for frozen storage companies in the future.

For More Information on the research report, refer to below links:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-frozen-storage-market-outlook/313762-100.html

Key Segments Covered:-
Types of Products:
Meat and Seafood
Dairy Products
Vaccination and Pharmaceuticals
Fruits and Vegetables
Processed Frozen Products

Key Target Audience
Cold Storage Companies
Frozen Storage Companies
Captive Cold Storage Companies
Captive Frozen Storage Companies
Logistics Companies
Non-captive Companies
Cold Chain Associations
Logistics Associations
Private Equity Firms
Venture Capitalists

Time Period Captured in the Report:
Historical Period: 2019
Forecast Period: 2020F-2025F

Companies Covered:
Jentec Cold Storage
Glacier Megafridge
Mets Logistics
Royale Cold Storage
ORCA Cold Chain
Big Blue Logistics
Royal Cargo
Vifel Ice Plant & Cold Storage
Frabelle Cold Storage
Arctic Cold Storage
Polar Bear Freezing Services
Igloo Supply Chain
Koldstor Inc.
Antarctica Cold Storage
VVS Cold Storage
Crystal Cold Storage
JM Processing
Cold Chain Warehouse Specialist
San Simon Cold Storage
WCL Cold Storage
Benson Industrial Cold Storage
Estrella Cold Storage
Cebu Subzero Logistics
Aspen Cold Storage
Technofreeze
Everest Cold Storage
Iraj Corporation

Key Topics Covered in the Report:-
Philippines Frozen Market Overview and Genesis
Philippines Frozen Storage Supply Analysis
Philippines Frozen Storage Demand Analysis
Demand-Supply Gap for Frozen Storage Pallets in the Philippines
Food Wastage Scenario in Southeast Asian Nations (Thailand, Malaysia, Vietnam, Indonesia, and Philippines)
Philippines Frozen Storage Market Segmentation
Demand Factors for Clients in Philippines Frozen Storage Market
End Customers for Philippines Frozen Market
Cross Comparison of Southeast Asian Cold Chain Market (Vietnam, Indonesia, Malaysia, Thailand, and the Philippines)
Regulatory Landscape in the Philippines Frozen Storage Market
Ecosystem for Metro Manila and Metro Cebu Frozen Storage Market
Cost-Benefit Analysis of Competitor's Frozen Storage Facility
Automation and Sourcing of Cold Storage in Philippines Frozen Storage Market
Growth Drivers and Trends in Philippines Frozen Storage Market
Issues and Challenges in Philippines Frozen Storage Market
Competitive Landscape in Philippines Frozen Storage Market
Company Profiles in the Philippines Frozen Storage Market
Philippines Frozen Storage Market Future Outlook and Projections

Related Reports by Ken Research:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-cold-chain-market/186336-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/end-user-perspective-in-central-luzon-cold-storage-market/231923-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-warehousing-market/204159-100.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity, and economy reports. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

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