Malaysia has established itself as the halal industry hub, making it one of the major trading partners of halal meat and other products. This has cushioned the growth of the cold chain market in Malaysia. Currently, the cold chain industry is at the growth stage but it is highly anticipated to enter into the Maturity Stage soon with the rising technology advancements in the industry.
With our close observations on the recent trends and developments of the Malaysian cold chain sector, here is our take on how Technological and Warehousing Developments will revolutionize the Cold Chain Market in Malaysia in the coming years.
1. The Cold Chain Industry in Malaysia is growing at a CAGR of ~7% with rising Companies Competing Intensely on Providing a Plethora of Services Under One Roof
2. Meat & Seafood, Fruits & Vegetables, Dairy Products, Bakery and Confectionery, Pharmaceuticals are the major product categories that Require Cold Storage Facilities in Malaysia
3. Growing Food Processing Industry and Shift in Consumer Pattern to Convenience Foods are Key Growth Drivers for Uptake in Demand for Cold Storage Solutions
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4. Despite Facing Limited Technology Availability, Lack of Traceability and Long Term Contracts, Malaysia Cold Chain Market Enjoys Strong Industry Performance
5. Implementation of Blockchain Technology, Customised Racking Systems, and Consolidated Shipping are some of the Solutions to Improve the Overall Efficiency in the Logistics Market
6. Also, RFID Tags, WMS, and EDI, are some of the emerging Technologies in Malaysia’s Cold Chain Market which will make the industry more Efficient
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