Asia-Pacific Cold Chain Logistics Market Set to Hit $133.97 Billion by 2027, Driven by Increased Demand for Temperature-Controlled Solutions

According to a recent report published by Allied Market Research, titled, Cold Chain Logistics Market by Business Type, End-use Industry, Product, and Technology: Asia-Pacific Opportunity Analysis and Industry Forecast, 2020-2027,"

The Asia-Pacific cold chain logistics market was valued at $68.32 billion in 2019, and is projected to reach $133.97 billion by 2027, registering a CAGR of 11.7%.

🔰 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/5412

China dominates the market in terms of revenue, followed by Japan, India, and Indonesia. Vietnam is expected to grow at a significant rate during the forecast period due to increase in number of trade agreements and rise in trend of consuming frozen foods with the requirements of hygiene and safety standards. Monitoring, storage, and transportation are important factors of the cold chain to prevent degradation in the quality of shipments. Cold chain logistics refers to the freezing solutions required to maintain the quality and shelf life of products. China and India are leading consumers of cold chain logistics services, and are expected to maintain this trend during the forecast period.

The growth of the Asia-Pacific cold chain logistics market is majorly attributed to increase in number of refrigerated warehouses and development of the pharmaceutical sector in the Asia-Pacific region. Business expansion, acquisition, partnership, and product development are the key strategies adopted by major players operating in the Asia-Pacific cold chain logistics market. Availability of RFID technologies for cold chain applications and adoption of automated software for cold chain logistics are expected to offer remunerative opportunities for the expansion of the Asia-Pacific cold chain logistics market during the forecast period.

On the basis of end-use industry, the meat fish & sea food segment held the largest share in 2019, contributing to around one-third of the market. However, the dairy & frozen desserts segment is estimated to register the highest CAGR of 14.2% during the forecast period.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/asia-pacific-cold-chain-logistics-market/purchase-options

Transportation activities have been restricted and limited to essential goods & services transport almost for the first two quarters of 2020. Cold chain logistics service providers have witnessed significant downfall in demand. The pandemic affected almost every dimension of economic activity and individuals globally. As a consequence of the coronavirus outbreak, important supply cold chains in the logistics and transportation industry are hampered, though differently across the air, freight, and sea sectors. In addition, logistics firms, which are involved in the movement, storage, and flow of goods, have been directly affected by the COVID-19 pandemic.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
AIT Worldwide Logistics, Inc.,
CJ Rokin Logistics,
CWT Pte. Limited,
JWD InfoLogistics Public Company Limited,
Nichirei Logistics Group Inc.,
OOCL Logistics Limited,
SCG Logistics Management Company Limited,
SF Express,
United Parcel Service,
and X2 Logistics Networks.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/5412

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

By business type, the cold chain transport segment is expected to register significant growth during the forecast period.
On the basis of end-use industry, the meat, fish, & sea food segment is projected to lead the market, in terms of market share, by the end of the forecast period.
Depending on product, the air conditioning segment is expected to register significant CAGR during the forecast period.
On the basis of technology, the Air Blown segment is projected to lead the market, in terms of market share, by the end of the forecast period.
China dominated the market in 2019, and is expected to maintain its dominance by the end of the forecast period. ASEAN countries are growth frontiers in the Asia-Pacific market, owing to changing food industry outlook in respective countries and changing trade scenarios.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

https://www.alliedmarketresearch.com/cold-chain-market - Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/cold-chain-logistics-market - Global Opportunity Analysis and Industry Forecast, 2021-2030

https://www.alliedmarketresearch.com/cold-chain-tracking-and-monitoring-market - Global Opportunity Analysis and Industry Forecast, 2020-2030

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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.

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