ASEAN Cold Chain Logistics Market Set for Significant Growth Driven by E-commerce Boom and Rising Demand for Perishables


Posted September 26, 2024 by mordor

The ASEAN Cold Chain Logistics Market is projected to be valued at USD 9.18 billion in 2024 and is anticipated to grow to USD 14 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.80% during the forecast period from 2024 to 2029.

 
The ASEAN cold chain logistics market is poised for substantial growth, according to a recent report by Mordor Intelligence. The market is expected to expand rapidly as key drivers like the surge in e-commerce, increasing demand for perishable goods, and advancements in infrastructure fuel the industry's development. The growing adoption of temperature-controlled transportation and storage solutions for food, pharmaceuticals, and other sensitive products is reshaping the logistics landscape across ASEAN countries.

Key drivers contributing to this growth include:

E-commerce Expansion: The rapid growth of online retail, especially for groceries, fresh produce, and pharmaceuticals, is driving the need for efficient cold chain logistics systems to ensure the safe and timely delivery of temperature-sensitive goods.

Rising Demand for Perishable Goods: Increasing urbanization and consumer preference for fresh, high-quality food products are boosting the demand for temperature-controlled logistics solutions for the storage and transportation of perishable items such as seafood, dairy, and meat.

Growth in the Pharmaceutical Sector: With the expanding pharmaceutical and healthcare sectors across ASEAN, the cold chain logistics market is witnessing a rise in demand for transporting vaccines, biologics, and other temperature-sensitive medical supplies.

Government Initiatives: Several ASEAN countries are investing in cold storage infrastructure, improving transportation networks, and easing trade regulations to support the logistics industry's growth.

Emerging Trends in the ASEAN Cold Chain Logistics Market:
Technological Advancements: IoT-enabled devices, AI, and automation are transforming cold chain operations by enabling real-time tracking, improving temperature control, and ensuring product quality and safety during transit.

Sustainability: As environmental concerns grow, there is a rising trend toward eco-friendly cold chain solutions, such as energy-efficient refrigeration systems and sustainable packaging materials.

Regional Expansion: ASEAN countries are enhancing cross-border logistics capabilities to capitalize on the growing demand for cold chain services in the region. Improved trade agreements and infrastructure development are paving the way for seamless integration of cold chain logistics across borders.

Focus on Healthcare and Biopharmaceuticals: The demand for cold chain solutions in the healthcare sector, particularly in biopharmaceuticals, is growing due to the need for specialized storage and transportation of temperature-sensitive drugs, vaccines, and biologics.

Conclusion:
The ASEAN cold chain logistics market is entering an exciting growth phase, driven by increased demand for perishable goods, advances in technology, and expanding e-commerce. Companies in the region are investing in innovative solutions to meet the evolving needs of the market. For more in-depth analysis and market insights, consult the full report by Mordor Intelligence.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/asean-cold-chain-logistics-market

About Mordor Intelligence:

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With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

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Last Updated September 26, 2024