Thailand 3PL Cold Chain Market Share, Revenue, Trends, Growth Strategy, Challenges, Key Players and Future Competition Till 2033


Thailand 3PL Cold Chain Market Share, Revenue, Trends, Growth Strategy, Challenges, Key Players and Future Competition Till 2033: SPER Market Research

 Published: Oct-2023
 Author: SPER Analyst

Thailand Cold Chain Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of XX%.

The term "cold chain logistics" describes the freezing procedures required to maintain the quality and shelf life of a variety of products, from fresh food to medications. This approach uses insulated transport trucks and temperature-controlled storage facilities to guarantee product quality and reduce waste. In the pharmaceutical sector, it is essential for lowering perishable product waste and preserving drug efficacy.

Thailand Cold Chain Market Driving Factors and Challenges
Thailand is a well-known culinary destination in the world. It is anticipated that the export of processed food will increase during the forecasted period, increasing the country's income. To achieve its goal of making Thailand the world's kitchen, the Thai government has invested significantly in the development of a complete supply chain for food logistics. The expanding cold storage capacity, which is anticipated to increase dramatically during the forecast period, clearly demonstrates the government's focus. The largest users of cold storage facilities are importers and exporters of meat and seafood, followed by poultry and egg producers. The consumption rate at the present facilities is also considerably influenced by confectioneries. The industry as a whole has high cold storage facility occupancy rates. Thailand has a tremendous opportunity for refrigerated logistics service providers to serve the developing pharmaceutical industry. The rise in supermarkets and restaurants has spurred a demand for cold storage and transportation systems to keep the products fresh and maintain their quality.

However there are several challenges that limit the expansion of cold chain market in Thailand. As the cost of gasoline and energy rises, the profit margins for cold storage and transportation services are further squeezed. 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. Conventional fluorescent light fixtures are used in refrigerated storage facilities, and they must always be on by law. Pre-cooling facilities, refrigeration storage and delivery, packaging, and information management systems have all received investments.

Impact of COVID-19 on Thailand Cold Chain Market
The COVID-19 scenario is producing market uncertainty, inhibiting business growth, and spreading panic across numerous customer sectors by slowing down logistics services. As a result of the government's proclamation of a total lockdown and temporary shutdown of industries, border closures were caused, which hindered the flow of transport and logistical services. The commercial possibilities have been significantly impacted by the COVID-19 health concern. The steep fall in demand for cash usage to lessen the risk of contamination has also reduced the overall service activities of market players.  As the economy gradually gets back on track with the new regulations and policies, boosting economic activity in all sectors, a significant increase in retail goods sales may have a favourable effect on the cold chain logistics market.

Thailand Cold Chain Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bangkok Cold Storage Service Ltd, Chomthana Co. Ltd., JWD Infologistics, Kerry Logistics Network Limited, Konoike Cool Logistics (Thailand) Co. Ltd, Lucky Star Cold Storage, MON Logistics Group Co. Ltd, SCG Nichirei Logistics Co. Ltd, Sinchai Cold Storage, Thai Max Cold Storage Co. Ltd, Thai Yokorei Co Ltd., Others.

Thailand Cold Chain Market Segmentation:

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.

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