Cold Chain Market Size Analysis in APAC by Latest Trends 2020 | Global Industry Growth Factors, CAGR Status, Leading Key Players Update, Business Share by Regions Forecast to 2024 | Technavio
Technavio has been monitoring the cold chain market in APAC, operating under the industrials sector. The latest report on cold chain market in APAC 2020-2024 estimates it to register an incremental growth of USD 79.20 billion, at a CAGR of over 18% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Cold Chain Market in APAC 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. AGRO Merchants Group, Americold Realty Trust, Burris Logistics, Deutsche Post DHL Group, FedEx Corp., John Swire & Sons Ltd., Kuehne + Nagel International AG, LINEAGE LOGISTICS HOLDING LLC, Orient Overseas International Ltd., and United Parcel Service Inc. are among some of the major market participants.
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Rising demand for frozen and sea food due to changing consumption patterns has been instrumental in driving the growth of the market. However, the high establishment, maintenance, and energy consumption costs in the cold chain industry might hamper the market growth.
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Cold Chain Market 2020-2024: Segmentation
Cold Chain Market is segmented as below:
Based on end-user segmentation, over 56% of the market's growth originated from the food & beverage segment during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Cold Chain Market in APAC 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cold chain market in APAC report covers the following areas:
This study identifies the growing adoption of the PPP model for infrastructural development in supply chains as one of the prime reasons driving the Cold Chain Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Cold Chain Market in APAC 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Service
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