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Philippines Overall Express Delivery and Logistics Market is Expected to Grow at a CAGR of 7% – Ken Research

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Philippines logistics market is segmented by industry type and includes freight transport by road, sea and air, storage and warehousing, and value added services. The logistics market in the country was largely dominated by road freight forwarding industry during the review period. Freight transport by road has been mainly utilized for domestic transport of goods and commodities by various industry sectors in the Philippines.

Additionally, the rapid evolution of the logistics market in the Philippines has also resulted due to the advent of international players. Companies such as DHL, TNT and FedEx have penetrated the local Filipino market through effective collaborations with domestic companies.

Cold Chain has been one of the upcoming segments in the local logistics industry in the Philippines. Cold chain has been bifurcated into cold storage and cold transportation, where cold storage accounted under warehousing and cold transportation under transportation segment. The logistics industry in the country has evolved over the period in terms of services offered to the consumers. It was witnessed that the conventional logistic service provider focused majorly on the transportation of goods from one place to another. Logistics service providers have begun to offer customer centric services such as cold chains for pharmaceutical sector to showcase expertise under different logistic domains. Moreover, with the dynamism in consumer preference along with the emergence of 3PL service providers, companies have been encouraged to offer value added services such as packaging, labeling, custom clearance, freight forwarding (domestic/ international), freight consolidation, cross-docking, reverse logistics and several others services which over the years have materialized as a considerable segment of the logistics industry in India.

The Philippines e-commerce logistics market has showcased steady growth over the years. The market has witnessed an astounding compounded annual growth rate of 29.1%. The expansion in internet services and an increase in demand for online logistics servicers have boosted the development of ecommerce logistics industry.

Balikbayan boxes are basically ridged container boxes which contain various goods sent by overseas Filipino workers, also known as Balikbayans, to the homeland. These boxes have formed an integral part of the Filipino tradition in which people who possess improved living conditions and stronger financial platforms share their wealth with their Filipinos in the native country. Balikbayan boxes have been majorly standardized into three sizes, namely, medium (18x16x18 inches), large (18x18x24 inches) and extra large (24x18x24 inches). The size of these boxes has been confined to certain dimensions to obtain better packaging and easier logistic services.

The express delivery services in the logistics and freight forwarding market of Philippines has emerged as a critical variable in the growth of the overall market in the past five years 2010-2015. Express delivery services in the Philippines have resulted in reduced delivery times at premium costs. Despite of higher costs than normal freight forwarding and logistics services, express delivery has gained widespread popularity due to high security and superior delivery process.

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-report-2020-version/7988-100.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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