Asia Pacific Cold Chain Logistics Market All Set to Witness Massive Growth during Forecast 2020-2027 | AIT Worldwide Logistics, Inc., CJ Rokin Logistics, CWT Pte.

Allied Market Research published a report, titled, “Asia-Pacific Cold Chain Logistics Market by Business Type (Cold Storage and Cold Chain Transport), End-use Industry (Fruits & Vegetables, Bakery & Confectionary, Dairy & Frozen Desserts, Meat, Fish & Sea Food, Drugs & Pharmaceuticals, and Others), Product (Refrigerators and Air Conditioning), and Technology (Air Blown and Eutectic): Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the cold chain logistics market in APAC garnered $61.13 billion in 2018, and is expected to reach $162.65 billion by 2026, growing at a CAGR of 13.2% from 2019 to 2026.

Surge in number of refrigerated warehouses, development of pharmaceutical sector, and rise of proposed food sector are expected to drive the growth in the market. However, high operational cost and lack of standardization hinder the market growth. On the other hand, adoption of automated software and availability of RFID technologies would create new opportunities in the industry.

Browse Full Report with TOC @

https://www.alliedmarketresearch.com/asia-pacific-cold-chain-logistics-market

Cold storage segment to continue its dominance during the forecast period

Based on business type, the cold storage segment held the largest market share in 2018, contributing nearly three-fourths of the total revenue, and is expected to continue its dominance during the forecast period. This is due to rise in demand for food and pharmaceuticals products. Contrarily, the cold chain transport is estimated to grow at the highest CAGR of 16.2% from 2019 to 2026, owing to rise in demand from the processed foods sector and surge in need of effective cold chain transportation.

Meat, fish, & sea food segment to continue its leadership position throughout the forecast period

Based on end use, the meat, fish, & sea food segment accounted for nearly one-third of the total market share in 2018, and is estimated to continue its leadership position throughout the forecast period. This is due to significant rise in consumption annually. However, the dairy & frozen desserts segment would grow at the highest CAGR of 16.7% from 2019 to 2026. This is attributed to growth in the retail market and rapid surge in demand for frozen food.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at –

https://www.alliedmarketresearch.com/connect-to-analyst/5412

Japan to maintain its lead status by 2026

Based on country, Japan accounted for the highest market share in 2018, accounting for more than one-tenth of the total market share. This region is expected to maintain its lead status throughout the forecast period. This is due to growing pharmaceutical sector in the region. Moreover, Vietnam is expected to register the largest CAGR of 22.4% from 2019 to 2026, owing to considerable growth of the processed food sector.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5412

Leading market players

United Parcel Service of America Inc.
JWD Info Logistics Public Company Limited
OOCL Logistics Limited
SCG Logistics Management Company Limited
Nichirei Logistics Group Inc.
AIT Worldwide Logistics Inc.
X2 Logistics Networks (X2 Group)
SF Express
CWT Pte. Limited (CWT International Limited.)
CJ Rokin Logistics and others.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.