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Home Automotive, Transportation and Warehousing South Korea Cold Chain Industry Growth: Ken Research

South Korea Cold Chain Industry Growth: Ken Research

How Competition Scenario Works In South Korea Cold Chain Market?

The South Korea cold chain market competition is fragmented in nature with multiple domestic and international players, organized 3PLs, and unorganized small players operating in the market. There are several large and small companies operating in the cold chain industry providing both cold storage and cold transport facilities. Most of these companies operate in major cities including Seoul, Incheon, and Busan due to the presence of various end-user industries in these areas and due to the presence of well-developed road connectivity and port infrastructure. Companies were observed to compete on the basis of parameters such as warehousing space, temperature range offered, location, the price per pallet, existing clientele, product range catered to, and value-added services. Major logistics companies in the South Korea 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

What Is the Future Of Cold Chain Market In South Korea?

South Korea cold chain market is expected to grow at a CAGR of ~% from USD ~ Billion in 2018 to USD ~ Billion in 2023E primarily due to the rising imports of fruits and vegetable products in the country. The constant rising demand for products such as meat and seafood, dairy products and other frozen and processed foods in the country coupled with the active participation of the pharmaceutical sector, increase in government initiatives to develop the logistics infrastructure is expected to propel the growth of the cold chain industry in the country. It is expected that the employment of better and modern reefer trucks with advanced technologies coupled with decreasing fuel prices, rise of third-party logistics providing cold transportation facilities to the logistics companies and rising imports of processed fruits and vegetables will give a boost to the cold transport market in South Korea. Strong demand is anticipated for large and new-generation cold storage facilities with modern infrastructure which is expected to positively impact the cold storage market. The forecast period is also expected to witness a rise in the number of 3PL companies that offer an array of integrated services with large and sophisticated supply chains. Additionally, increasing adoption of modern technologies and automation processes such as Blast Freezing, EDI, RFID, AS/AR in the industry are expected to improve the operational efficiency of South Korea Cold Chain Market in the forecast period of 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 Vegetable 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: –

Cold Chain Businesses South Korea

South Korea Refrigerated Truck Market

South Korea Reefer Truck Market Size

South Korea Food and Drink Storage Industry

South Korea Lotte Logistics Market Revenue

South Korea CJ Logistics Market Analysis

Cold Storage Seoul Market Growth

South Korea DHL Logistics Competitors

Number of warehouses in South Korea

Dairy Industry Market Size in South Korea in KRW Billion

South Korea Processed Meat and Seafood Market

Confectionery Market Size in South Korea

For More Information on the Research Report, Refer To Below Link: –

South Korea Cold Chain Market

Related Reports by Ken Research: –

Philippines Cold Chain Market Outlook To 2023 – By Service Mix (Cold Storage Market And Cold Transportation)

Indonesia Cold Chain (Cold Transport And Storage) Market Outlook To 2021 – By End Users (Meat And Seafood, Vaccines And Other Pharma Products, Bakery And Confectionary, Fruits And Vegetables And Others)

Thailand Cold Chain Market Forecast To 2022 – By Type (Cold Storage And Cold Transport), By 3PL, By Temperature Range, By Region, By International And Domestic Cold Transport And By Modes Of Transport (Ground, Air, And Sea)

Contact Us:  –

Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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