The Vietnam cold storage sector is expected to grow with strong traction, likely driven by import and export orders for medicines and vaccines: Ken Research

1. Cold storage demand in Vietnam is high with 90% occupancy rate at nearly all facilities with highest share from export industry rather than for domestic consumption

The occupancy rate in the cold storage market has been increasing owing to undersupply of cold storage warehouses, especially in the major cities and ports where demand for cold storage is exceeding the supply. The occupancy rate is high due to need for preserving seafood, agricultural products, and fresh food. Although highest share of cold storage is in southern Vietnam, it is still overloaded with the increasing demand for food and essential goods for nearly 9.0 million people in Ho Chi Minh City.

2. Vietnam cold chain market is anticipated to grow owing to increase in trade, food delivery expansions and infrastructural projects in future

With huge investment in cold storages and rising power prices & labour cost in the country along with rising automation and tech advancements in the country, storage cost is expected to increase in the future. Logistics players like Lineage, Transimex, Hung Vuong Corporation and others are to expand cold storage infrastructure facilities to accommodate the boom in demand for fresh produce and meat, driving the market growth.

3. Advanced sortation systems like drones, IoT, automated guided vehicles are some of the few emerging technologies in Vietnam Cold Chain Market

Automated Guided Vehicles (AGVs) are portable machines that navigate themselves through floor stickers, radio waves, vision cameras, wires, magnets, or lasers. In future many warehouses will be able to use drones to track their inventory. This will give warehouses of all sizes the ability to conduct comprehensive inventory counts and audits at the drop of a hat. The IoT can help warehouses to reduce risk and avoid mistakes or accidents that can create losses in the supply chain by early detection.

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Key Segments Covered in the report

Vietnam Cold Chain Market

By End UserMeat and SeafoodFruits and VegetablesDairy and BakeryVaccination and PharmaceuticalsOthersBy Ownership3PL Cold Chain FacilitiesOwned

Vietnam Cold Storage Market

By Temperature RangeFrozenChillersAmbientBy AutomationNon-automated PalletsAutomated PalletsBy End UserMeat and SeafoodFruits and VegetablesDairy and BakeryVaccination and PharmaceuticalsOthersBy Major CitiesHo Chi MinhHanoi CapitalBinh DuongLong AnOther

Vietnam Cold Transport Market

By Truck TypeReefer Vans/Trucks20-foot reefers40-foot reefers and othersBy Mode of TransportationLandSeaAirIn Land Water waysBy LocationInternationalDomesticBy VicinityInter-cityIntra-cityBy End UserMeat and SeafoodFruits and VegetablesDairy and BakeryVaccination and PharmaceuticalsOthers

Key Target Audience

Cold Storage CompaniesCold Chain CompaniesCold Transport CompaniesCaptive Cold Storage CompaniesCaptive Cold Chain CompaniesLogistics CompaniesNon-captive CompaniesCold Chain AssociationsLogistics AssociationsPrivate Equity FirmsVenture Capitalists

Time Period Captured in the Report:

Historical Period: 2016-2021Base Year: 2021Forecast Period: 2021-2026F

Companies Covered:

LineageTransimexHung Vuong CorporationAJ Total VietnamMekong LogisticsARC Bing DuongABA CooltransEmergent cold storageSK Cold StorageLotte logisticsKonoikeHong Lai GroupNew Land LogisticsThang Long LogisticsCrane Worldwide LogisticsALS Avaition LogisticsArctic WolfVinafco

Key Topics Covered in the Report

Country Overview and Infrastructure Analysis of VietnamVietnam Cold Chain Market Overview and GenesisVietnam Cold Chain Industry Supply EcosystemBusiness Cycle and Genesis of Vietnam Cold Chain MarketVietnam Cold Chain Market, 2016-2021Vietnam Cold Chain Market Segmentation (by Cold Storage and Cold Transport, by Ownership and by End Users)Vietnam Cold Storage Market, 2016-2021Vietnam Cold Storage Market Segmentation (by Automation, Temperature Range, by End Users and by region)Vietnam Cold Transport Market Overview, 2016-2021Vietnam Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by Location & Vicinity and by end users)SWOT Analysis of Vietnam Cold Chain MarketCompetition Scenario of Vietnam Cold Chain MarketGrowth drivers of Vietnam Cold Chain MarketTechnological Advancements in the Vietnam Cold Chain MarketIssues and Challenges in the Vietnam Cold Chain MarketRecent Trends in the Vietnam Cold Chain MarketEnd User Analysis of Vietnam Cold Chain MarketFuture Outlook of Vietnam Cold Chain Market, 2021-2026FFuture Outlook of Vietnam Warehousing Market, 2021-2026FFuture Outlook of Vietnam Cold Storage Market, 2021-2026FFuture Outlook of Vietnam Cold Transport Market, 2021-2026FMarket Opportunities and Analyst Recommendation

For more insights on the market intelligence, refer to the link below: –

Vietnam Cold Chain Market: Ken Research

Related Reports by Ken Research: –

Philippines Cold Chain Market

Malaysia Cold Chain Market

South Africa Cold Chain Market

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