1. Rising Fisheries Industry along with Change in Lifestyle & Urbanization is driving the Indonesia Cold Storage Market
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Consumption pattern that tends to require efficiency and speed products such as fresh fruits and vegetables and processed meat, milk and other products have risen in demand due to the growth in online shopping population. Growing Fisheries market is leading to increased cold storage requirement.
2. Expanding Fisheries Sector is contributing to the High Growth in Cold Chain Market with Cold Storage accounting for over 65.1% of the industry
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Cold storage facilities are expanding rapidly as a result of the rapid expansion of quick-serve restaurants as well as the need to reduce food waste. The growing demand for cold storage requirements especially due to increased demand for frozen food products has greatly contributed in the high market share. The key contributive factors regarding low share for transportation is lack of supportive infrastructure available in Indonesia, the underdeveloped road network.
3. Indonesia Cold Storage Industry Is Experiencing a New Wave of Technological Developments Which Increase Efficiency and Reduce Wastage
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Rising competition due to the growth in number of cold storage companies and surge in demand of value-added services has made cold storage companies opt for automation services.
Several companies are expected to introduce automation in their respective facilities, the price increment in the market is anticipated to be simultaneously offset by increasing competition thereby depicting only a minor increment in the cold storage prices at an industry level.
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