Press release
Malaysia Cold Chain Market Anticipated to Grow Owing to the Increase in Demand for Perishable Food, Development of Logistics Hubs to Improve the Logistics Infrastructure in the Country and Growth in the Integrated Logistics Sector: Ken Research
Key Findings
The cold storage market contributed ~70% share to the revenue of the cold chain industry in 2021P, while the cold transport market had accounted the remaining share. However, in near future it is anticipated that the cold transportation market will grow owing to the rising demand for temperature-sensitive products in the country.
The growth of the cold chain logistics market in the country is driven by high demand for perishable food products such meat and seafood and vegetables/fruits. The pandemic has also led to positive growth in the pharmaceutical sector. The overall cold chain market is, hence, anticipating a positive growth rate in the coming years.
Land has the highest share for the transportation of cold chain products, since land transportation is used not only for domestically transporting goods internally within the country but also used for transporting goods to the neighboring countries of Malaysia such as Singapore, Thailand, Lao PDR, Cambodia, and Vietnam.
Malaysia Shipping Master Plan: The Government plans to transform logistics services by centralizing the planning and development of logistics hubs, accelerating digital adoption and encouraging mergers and acquisitions among industry players. A national regulatory framework for warehousing is being formulated. The Malaysia Shipping Master Plan will realize the aspirations of the Malaysian shipping sector to be a business service sector. This is planned to be achieved through the introduction of sustainable measures aimed at removing competitive disparities and improving capabilities of Malaysian ship-owners, maritime human resources, and maritime ancillary services to meet domestic and regional shipping needs.
For More Detail @ https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/malaysia-cold-chain-market-outlook-to-2026/548809-100.html
Industry Research Report Of Malaysia Cold ChainGrowth of Malaysia Cold Chain Market Demand: Cold Chain usage in Malaysia has increased due to the importance of maintaining optimal temperatures, especially for the postharvest or post-production temperatures sensitive goods. It is also a derived demand from the Halal logistics sectors. To maintain the Halal assurance for Halal products, utilizing a controlled temperature is one of the characteristics of a Halal supply chain foundation. The temperature-controlled warehouse is a value-added service to the Halal logistics industry in Malaysia since temperature breakdowns during halal meat handling is a significant problem being faced by the industry.
Growth of Integrated Logistics: TASCO has acquired two major cold storage companies Gold Cold & MILS and Hyper cold since 2016. These mergers are leading to the establishment of a bigger player thus eliminating the need of outsourcing (4PL). Moreover, given the trend, more number of small cold companies are expected to merge with bigger players contributing to the expansion of integrated logistics.
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Analysts at Ken Research in their latest publication "Malaysia Cold Chain Market Outlook To 2026 - Driven by Increase in Demand for Perishable Food Items and its Establishment as the Halal Industry Hub, Malaysia Cold Chain Market Experiencing Growth" believe that the Cold Chain market in Malaysia is expected to experience positive growth owing to the increase in e-commerce and government's initiatives to improve the logistics infrastructure in the country as part of Malaysia's 'National Transport Policy'. The market is expected to register a positive CAGR of 7.6% in terms of revenue during the forecasted period 2021P - 2026F.
Key Segments Covered
By Type of Market
Overall Cold Chain Market
By End-User Application
Meat/seafood
Dairy products
Pharmaceuticals
Vegetables/fruits
Others
Cold Storage
By Temperature
Ambient
Chilled
Frozen
Cold Transport
By Mode of Freight
Land
Sea
Air
By Type of Freight
Domestic
International
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Key Target Audience
Cold Chain Companies
Logistics Companies
Government Associations
Express Logistics Companies
Industry Associations
Warehousing Companies
E-Commerce Operations
Investors and Private Equity Companies
Logistics Companies
Dairy Companies
Meat and Seafood Companies
Fruits and Vegetables Companies
Pharmaceutical Companies
Time Period Captured in the Report
Historical Period: 2016-2021P
Forecast Period: 2021P-2026F
Companies Covered
Tiong Nam Logistics
IGLO
SK Cold Chain
NL Cold Chain
TASCO Cold Chain
Frio Logistics
Integrated Cold Chain Logistics
Key Topics Covered in the Report
Malaysia Cold Chain Market Competitive Landscape
Malaysia Cold Chain Market Overview
Infrastructure Analysis
Existing and Emerging Technologies
Malaysia Cold Chain Market Value Chain
Malaysia Cold Chain Market Size by Revenue, 2016-2021P
Malaysia Cold Chain Market Segmentation and Segment Future, 2021P-2026F
End User Industry Analysis And Future Growth Potential
Malaysia Cold Chain Market Company Profiles of Major Players
Regulatory Environment
Industry Trends and Developments
Industry Issues and Challenges
Analyst Recommendation
Malaysia Cold Chain Market Future Outlook and Projections, 2021P-2026F
Malaysia Cold Chain Market Analyst Recommendations
Related Reports
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/competition-benchmarking-in-uae-logistics-market-outlook-to-2025/373315-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/uae-cold-chain-market-outlook-to-2025/515185-100.html
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
support@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 research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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