As a result of its highly fragmented character and strong double-digit growth rate, the cold chain market in China is still in its early stages of development. Over the course of the period 2012-2017, the cold chain market in China has had a compound annual growth rate of 20.3% over the course of five years. Due to the fact that the Chinese people has begun to become more conscious of the quality of the food they consume, China has seen tremendous growth over the time under consideration. There has been a significant increase in the demand for chilled delivery and warehouses located in close proximity to key population areas as a result of this. The market for cold chain products in China has been positively impacted as a result of the increased need for cold storage and transportation systems in the nation, which has been fueled by the growing demand for meat and seafood. Insulin has been a significant factor in the growth of cold chain biopharmaceutical companies in China. There is a huge need for cold chain services in China since China is home to 25 percent of the world’s diabetic population. This has resulted in a significant demand for the storage and transportation of vaccines in a manner that is both safe and of high quality. In 2017, cold storage has been the dominant force in the cold chain business, accounting for a significant portion of the total revenue. During the period of 2012-2017, the market for cold storage experienced a compound annual growth rate of 21.2 percent. This growth was attributed to various growth factors, one of which was the expansion of retail businesses in the country, which necessitated the use of cold storage to maintain the quality of their stock. Businesses such as solidus logistics, sf express, rokin logistics, dch, and cmac are among the most prominent cold transport companies that operates in China. Supermarkets and hypermarkets are examples of businesses that need temperature-controlled transportation. During the year 2017, the cold chain market in China was dominated by the seafood and meat industries. This is not surprising given that China is one of the nations that consumes the most seafood in the world. There is a predilection among Chinese consumers for fresh fruits and vegetables, which necessitates the use of cold chain systems for these items. Approximately thirty percent of the world’s fruit output is attributed to China, which is also responsible for producing fifty percent of the world’s vegetables. Increasing numbers of people in China are adopting western and urban ways of life, which has led to the expansion of the bakery business. The revenues generated by 3pl cold storage in China’s cold storage sector in 2017 were the most dominant in the country. In the event that they want to provide service to a customer but do not have enough pallet capacity, the corporations rent these services. In addition to offering their services to customers, a number of businesses have their very own cold storage facilities. Swire Cold Storage Limited, Solidus Logistics, Itochu Logistics, SF Express, Rokin Logistics, DCH Logistics, CMAC, Zheng Ming, and other companies are some examples of these types of companies. During the time under review, there has been a growth in the number of cold trucks that have been manufactured by firms that serve a variety of sectors, such as manufacturing, seafood and meat, pharmaceutical, e-commerce, and others. Due to the growing demand for processed meat and seafood, there has been an increase in the need for cold transport across the nation. In China, the market for cold transport facilities has been dominated by domestic transport facilities during the year 2017. Zheng Ming Logistics, Specialty Freight Express, Solidus Logistics, China Railway Express Company Limited, and a few more organizations are among the companies involved. Due to the fact that these businesses are headquartered in China, they possess a robust network infrastructure. During the year 2017, international transportation facilities contributed a somewhat lesser portion of the total income generated by China to the cold transport industry. Companies such as Swire Cold Storage Limited, DCH Logistics, CMAC, Sinotranspfs, and others are among those that provide these services. Considering the large number of cold trucks that are present throughout the nation, the value of road transportation is the greatest of all modes of transportation. In addition to this, the number of businesses that provide services for cold transportation by road is far larger than the number of businesses that offer transportation via air and sea. In addition to this, the shipment of a limited number of fruits and vegetables has begun to be carried out by means of rail transportation. In the not-too-distant future, the expanding market for chilled and frozen food will also prove to be a growth driver for the cold transportation industry in the country. This is because the population is becoming more inclined towards food that is convenient, which is causing the food consumption pattern to change. Imported items, such as fruits and vegetables and dairy products, are associated with quality and safety in the minds of Chinese customers. Additionally, Chinese consumers prefer to make their purchases via online platforms whenever possible. The nation is home to a number of cold transport service providers that are actively seeking mergers and acquisitions in order to achieve synergies and increase their mileage and infrastructure. In the future, it is anticipated that steps will be taken to enhance the standards of cold chain transportation in China. Additionally, it is anticipated that a supply and marketing integration system for cold chain transportation will be established. This will be accomplished through the construction of a quality tracking system, a cold chain transportation system that includes major product areas and major product variety, a perfect and scientific industrial chain, and fundamental facilities for cold chain transportation. Please click on the following link if you would like further information on the market research report: https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/china-cold-chain-market/145655-100.html There are other studies available at the following link: https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/turkey-cold-chain-market/142326-100.html.” https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/india-cold-chain-market/143603-100.html https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/vietnam-cold-chain-market/142347-100.html ken research ankur gupta, head of marketing and communications sales@kenresearch.com 0124-4230204 : here is the contact information for us.
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