The report titled “South Korea Cold Chain Market Outlook
to 2023 – By Cold Storage (Ambient, Chilled and Frozen Warehousing) and Cold
Transport (Land, Sea, and Air), By Application (Dairy Products, Fruits and
Vegetables, Meat and Seafood, Pharmaceuticals and Others) and By Ownership (Integrated
and Third Party Logistics)” provides a comprehensive analysis of the cold
chain market in South Korea. The report covers various aspects including
overview and market size, market segmentation, stakeholders, value chain
analysis, major players, competitive landscape, end-user potential in the cold
chain industry and more. It also covers growth drivers, trends and
developments, issues and challenges in the cold chain market along with the
regulatory framework of the industry and SWOT. The report concludes
with market projection for the various segments and analyst recommendations
highlighting the major opportunities and cautions for the cold chain market.
South Korea Cold
Chain Market Overview and Size
The market was observed to be at a growing
stage owing to the increasing dependence of the country on imports of fruits
and vegetables to meet its food requirements coupled with the rise of 3PL’s and
active participation by the pharmaceutical industry in the country. The growing
the prominence of e-commerce coupled with the rise in consumer demand for
perishable foods and expansion of food retail chains by multinationals have
augmented the growth of the cold chain industry over the years. Increasing
government investments in logistics infrastructure and warehouse management
systems along with technological advancements in packaging, processing, and
storage of seafood products are anticipated to drive future growth.
By Type of Market
(Cold Storage and Cold Transport): The rising
consumption of refrigerated products such as meat, seafood, fruits, and
vegetables, dairy among others in the country are the major users of cold
storage facilities which require cold transport facilities in order to be transported to the storage warehouses
and then finally to the end-users, thus augmenting the growth of the cold chain
industry in the country.
By End-User
Application (Meat and Seafood, Fruits and Vegetables, Pharmaceuticals, Dairy
Products, Bakery and Confectionery, and Others): Meat and seafood industry was analyzed to account for the majority share in terms
of revenue in 2018. Active participation by the pharmaceuticals industry in
recent years has positively impacted the cold chain industry in South Korea and
contributed the second-highest revenue share followed by other categories such
as Fruits and Vegetables, Dairy products, Bakery and Confectionery and Other
products.
By Ownership (Owned and Third Party Logistics (3PL) Warehouses):
The Third Party Logistics (3PL) facilities
dominated the Cold Chain market in South Korea, due to the increasing number
of 3PL operators providing a wide variety of
integrated services which are opted by cold chain operators as the cost of
establishing cold storage warehouses and maintaining the fleet for refrigerated
transportation is significantly high in the country.
South Korea Cold
Storage Market Segmentation
By Temperature Range
(Ambient, Chilled and Frozen): Out of the three
temperature ranges, chilled storage was observed to be the leading
contributor to the revenue of the cold storage industry owing to the huge
demand for meat and seafood, pharmaceuticals and other processed foods in the
country. The remaining revenue was contributed by ambient and frozen storages.
By Region (North,
Central, and South): The northern
region comprising of cities such as Seoul and Incheon was analyzed to account for the highest share in the
revenue of the cold storage the market as it acts as a hub due to the developed
infrastructure and highest population in the region. The central region
contributed the second-highest share which was followed by the Southern region including Busan and more.
South Korea Cold
Transport Market Segmentation
By Mode of Transport
(Land, Sea and Air): Cold transport through the
land contributed the highest revenue to the cold transport industry due to the
excellent road infrastructure and connectivity in the country. Sea and air
transport accounted for the remaining share in the industry.
By Mode of Land
Transport (40 Footer Reefers, 20 Footer Reefers, and Others): Among the land transport facilities available in
the country, the 40 footer reefers are the most commonly used ones because of
cold transport business except the last mile delivery is usually done in bulk
and the capacity of the truck in metric tons is much higher as compared to
other reefers. The remaining share was captured by 20 Footer Reefers and others
including 6 wheelers, 8 wheelers, and 10 wheelers.
By Location (Domestic
and International): Cold transportation
to domestic markets accounted for the majority of the revenue of the cold
transport industry due to the reliance of the country on imports for its food
requirements. International cold transport contributed a meager share to the
revenue of the industry as very few products such as seafood and
pharmaceuticals are exported.
Competitive Landscape
in South Korea Cold Chain Market
The South Korea cold
chain market is fragmented in nature with the presence of multiple domestic and
international players, organized 3PLs and unorganized
small players operating in the market. Companies were observed to compete with each other on the basis of
parameters such as warehousing space, temperature range, price, location and the provision of another value-added service.
Major players in the cold chain market include Lotte Logistics, CJ Logistics,
Dongwon Industrial, Borim Logistics, Dongbu Express, Hansol Logistics, DB
Schenker, Daelim Corporation, GS Global, DHL, Ottogi Logistics, Pantos
Logistics, and Others.
South Korea Cold
Chain Market Future Outlook and Projections
In the future,
it is anticipated that South Korea Cold Chain market in terms
of revenue will increase at a double-digit CAGR of 13.6% during the period 2018-2023E. The constantly rising demand for products such
as meat and seafood, dairy products, fruits and vegetables and other frozen and
processed foods in the country coupled with the active participation of the
pharmaceutical the sector, increase in government initiatives to develop the
logistics infrastructure is expected to propel the growth of the cold chain
industry in the country. Additionally, increasing adoption of warehouse automation technologies
such as EDI, RFID, AS/AR and others are expected to improve
operational efficiency of South Korea cold chain market over the forecast
period 2018-2023E.
Key Segments Covered:-
By Type of Market
Cold Storage
By Temperature
Frozen
Chilled
Ambient
By Region
North
Central
South
Cold Transport
By Mode of Transport
Land
Sea
Air
By Location
Domestic
International
By Mode of Land
Transport
40 Footer reefers
20 Footer reefers
Others (6, 8, 10
wheelers and more)
By Vicinity
Inter-city
Intra-city
By End-User Application
Meat and Seafood
Fruits and Vegetables
Pharmaceuticals/Healthcare
Dairy Products
Bakery and Confectionary
Others
By Ownership
Owned/Integrated
Third Party Logistics
(3PL)
Key Target Audience
Cold Chain Companies
Logistics Companies
Private Equity
Investors
Government
Associations
Construction
Companies
Dairy Companies
Meat and Seafood
Companies
Fruits and Vegetables
Companies
Pharmaceutical
Companies
Ice-Cream Companies
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2023E
Companies Covered:-
Lotte Logistics
CJ Logistics
Dongwon Industrial
Borim Logistics
Dongbu Express
Hansol Logistics
DB Schenker
Daelim Corporation
GS Global
DHL
Ottogi Logistics
Service Co., Ltd.
Pantos Logistics
Key Topics Covered in the Report:-
South Korea Cold
Chain Market Overview and Genesis
Stakeholders in South
Korea Cold Chain Market
Value Chain Analysis
of South Korea Cold Chain Market
Regional Analysis of
Major Cities in South Korea (Seoul and Busan)
Comparative Analysis
of South Korea Cold Chain Market with other countries
South Korea Cold
Chain Market Size, 2013-2018
South Korea Cold
Chain Market Segmentation, 2013-2018
South Korea Cold
Chain Market Future Outlook and Projections, 2019E-2023E
South Korea Cold
Storage Market, 2013-2018
South Korea Cold
Storage Market Segmentation, 2013-2018
South Korea Cold
Storage Market Future Outlook and Projections, 2019E-2023E
South Korea Cold
Transport Market Size, 2013-2018
South Korea Cold
Transport Market Segmentation, 2013-2018
South Korea Cold
Transport Market Future Outlook and Projections, 2019E-2023E
End- User Potential
in South Korea Cold Chain Market
Competitive Advantage
for Setting up Cold Chain Facilities in South Korea
Government
Regulations in South Korea Cold Chain Market
Growth Drivers and Trends in South Korea Cold Chain Market
Issues and Challenges
in South Korea Cold Chain Market
Decision Making
Process for Clients in South Korea Cold Chain Market
SWOT Analysis of
South Korea Cold Chain Market
Competitive Landscape
in South Korea Cold Chain Market
Analyst Recommendations
for South Korea Cold Chain Market
For More Information, Refer
To Below Link:-
Related Reports by Ken
Research:-
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