The term “cold chain logistics” describes the freezing procedures needed to maintain the quality and shelf life of a variety of products, from fresh food to medications. To guarantee product quality and save waste, this technique makes use of temperature-controlled storage spaces and insulated transport vehicles. It is essential to keeping drugs effective and minimising waste of perishable goods in the pharmaceutical sector.
According to SPER market research, ‘Thailand Cold Chain Market Size– By Service Type, By Application, By Temperature Type, By Technology- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Thailand Cold Chain Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.
The Thailand cold chain market is predicted to grow at a positive CAGR in the forecast period due to the rising demand for chilled delivery and warehouses close to major population centres. The demand for cold storage and transportation facilities is expected to rise as the frozen food and pharmaceutical industries are both predicted to expand. Also, the presence of several significant market players who serve major end users like the meat and seafood, fruits, and vegetables industries indicates a minor consolidation of the cold chain sector. Growing seafood, fruit and vegetable exports from Thailand that need cold storage and transportation facilities to stay fresh and healthy were the main growth-supporting elements in the country’s cold chain sector. The popularity of frozen ready-to-cook meals has grown in Thailand as a result of the country’s fast-paced lifestyle and rising per capita income. Top Southeast Asian e-retailers including Shoppe, Lazada, JIB, and others have their headquarters in Thailand. The major retail players in the nation have increased their geographic reach.
However, due to growing electricity and fuel costs, the operational costs of cold storage and transportation services are rising, further lowering the profit margins. There is a requirement for substantial investment funds and high energy expenses. Food spoilage, decay, and premature expiration are major concerns for food producers, merchants, and consumers alike. Service providers now need to invest in cutting-edge cars, system technology, and cold storage facilities to achieve this. As a result, cold chain providers are increasingly concerned about rising energy costs. Pre-cooling facilities, chilled storage and transportation, packaging, and information management systems have all seen increased investment.
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Impact of COVID-19 on Thailand Cold Chain Market
Furthermore, the COVID-19 scenario is slowing down logistics services, creating market uncertainty, hindering business growth, and heightening worry across numerous customer industries. The government’s announcement of a total lockdown and temporary suspension of industry led to border closures that hindered the flow of logistical and transport services. The health concern around COVID-19 has significantly impacted the commercial potential. Due to the steep fall in demand for cash usage to lessen the risk of contamination, market participants’ overall service activities have also declined. As the economy gradually picks up steam with the new regulations and policies, encouraging economic activity everywhere, a significant uptick in retail goods sales may have a beneficial effect on the cold chain logistics industry.
Thailand Cold Chain Market Key Players:
Geographically, the majority of the cold storage facilities are situated close to the province of Samut Prakhan in the Bangkok area. Due to its close proximity to Suvarnabhumi Airport and Thailand’s biggest port, Klong Toey, the area is favoured. Additionally, some of the market key players are Bangkok Cold Storage Service Ltd, Kerry Logistics Network Limited, Lucky Star Cold Storage, MON Logistics Group Co. Ltd, Others.
Thailand Cold Chain Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Service Type: Based on the Service Type, Thailand Cold Chain Market is segmented as; Refrigerated Transportation, Refrigerated Warehouse.
By Application: Based on the Application, Thailand Cold Chain Market is segmented as; Alternative Protein, Dairy Products, Fruit & Vegetable, Meat, Seafood, Others.
By Temperature Type: Based on the Temperature Type, Thailand Cold Chain Market is segmented as; Chilled, Frozen.
By Technology: Based on the Technology, Thailand Cold Chain Market is segmented as; Dry Ice, Eutectic Plates, Gel Packs, Liquid Nitrogen, Quilts.
By Region: This research also includes data for Bangkok (Including Samut Prakan and Samut Sakhon), Chonburi, ChiangMai, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Thailand Cold Chain Market Growth Opportunity
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