South Korea Cold Chain Market Future Outlook: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Is The Cold Chain Market Positioned In South Korea? South Korea is Asia’s fourth-largest economy has the potential to offer significant growth opportunities in the South Korea Cold Chain Industry. The cold chain business in the country has been significantly growing owing to the growth of international trade of perishable foods, technological advancements in refrigerated storage & transport, government support for infrastructure development of the cold chain industry and increasing need for medicines owing to the aging population of South Korea. Over the last few years, the seafood and pharmaceutical industry in the country has seen a significant boom and has necessitated the development of cold chain facilities in the country. The revenue of the industry has grown from USD ~ Billion in 2013 to USD ~Billion in the year 2018 with a CAGR of ~%. The growth of the industry can be attributed to factors such as the rise of third party logistics, the emergence of new players, and shift from an owned warehouse to leased warehouses along with growth in end-user industries and increasing infrastructure investment by the government. Other factors such as an increase in the number of modern grocery retail stores and a rise in consumer retail spending have also augmented the growth of the market over the period 2013-2018. Cold chain facilities in the country are becoming increasingly sophisticated along with the provision of advanced IT solutions for warehouse and transportation management. To ensure optimal utilization, companies have started using automation technologies and focus on on-demand warehousing. To learn more about this report Download a Free Sample Report South Korea Cold Chain Market Segmentation By Type of Market In 2018, the cold storage market and cold transport market contributed an equal amount of revenue in the cold chain industry owing to the rising consumption of refrigerated products such as meat, seafood, dairy among others in the country which require cold transport facilities in order to be transported to the storage warehouses and then finally, the end-users have contributed to the growth of the industry. Moreover, the increase in retail spending in the country along with the increase in imports of temperature-sensitive products such as meat and related products, tropical fruits, and others, has augmented the growth of the industry over the review period. By End-User Application The increased consumption of meat and seafood in-country propelled the growth of the cold chain market in South Korea as these frozen foods need to be stored and transported in temperature-sensitive environments. The segment accounted for the largest contribution of ~% in the overall revenue of the cold chain market in 2018 followed by pharmaceuticals and fruits and vegetables contributing an equal revenue share of ~%. The remaining share was contributed by dairy products, bakery, and confectionery and other products such as processed foods and ready-to-eat meals which are usually imported into the country. By Ownership In 2018, Third-Party Logistics (3PL) cold chain facilities were evaluated to be USD ~ Billion in 2018 and accounted for the majority share of ~% in the revenue of the cold chain industry. The 3PL operators have the expertise and offer a wide range of integrated services to the clients. A large number of cold chain operators are resorting to renting or leasing out facilities from Third Party Logistic Cold Chain providers due to the increasing costs of establishing and maintaining their own warehouses and fleet. On the other hand, the owned cold chain segment acquired a share of ~% in 2018. South Korea Cold Storage Market Segmentation By Temperature Range The chilled storage segment was observed to be the leading segment and contributed the maximum share to the revenue of the cold storage industry due to the huge demand for meat and seafood, pharmaceuticals and other processed foods in the country. The remaining revenue was contributed by ambient and frozen storages. By Region The northern region comprising of cities such as Seoul and Incheon has a network of well-developed and connected highways and is one of the most populated states of the country. Owing to this, the northern region of South Korea has accounted for ~% share in the cold storage market, generating revenue of USD ~ Billion in 2018. The central region contributed the second-highest share which was followed by the Southern region including cities such as Busan and more due to the proximity to the sea and the presence of well-developed port infrastructure. South Korea Cold Transport Market Segmentation By Mode of Transport Land transport was analyzed to be the dominating mode of transport due to excellent road infrastructure and connectivity in the country. Sea has been the most popular model for handling export and import of various food products and chemicals and contributed a revenue share of ~% in cold transport market followed by air transportation which handles imports of vaccines and expensive seafood in the country. By Mode of Land Transport Among the land transport facilities available in the country, the 40 footer reefers are the most commonly used ones because the cold transport business except the last mile delivery is usually done in bulk and the capacity of the truck in metric tons is much higher as compared to other reefers. The remaining share was captured by 20 Footer Reefers and others including 4 wheelers, 6 wheelers, and 8 wheelers By Location The larger revenue share of ~% in the cold transportation market of South Korea has been garnered by domestic cold transport. South Korea is an import oriented country import bulk of temperature-sensitive items such as fruits and vegetables, pharmaceutical items and others are then distributed through cold transport within the country. On the other hand, international cold transport has captured a lower revenues share of ~% in the cold transport market of South Korea in 2018 By Vicinity Due to the well-connected transport infrastructure in the country, it takes less than 6 hours to travel from any one region to the other which has augmented the growth in inter-city business resulting in a higher share of domestic revenue in South Korea cold transport market. Key Segments Covered:- By Type of Market Cold Storage By Temperature Frozen Chilled Ambient By Region North Central South Cold Transport By Mode of Transport Land Sea Air By Location Domestic International By Mode of Land Transport 40 Footer reefers 20 Footer reefers Others (6, 8, 10 wheelers and more) By Vicinity Inter-city Intra-city By End-User Application Meat and Seafood Fruits and Vegetables Pharmaceuticals/Healthcare Dairy Products Bakery and Confectionary Others By Ownership Owned/Integrated Third-Party Logistics (3PL) Key Target Audience Cold Chain Companies Logistics Companies Private Equity Investors Government Associations Construction Companies Dairy Companies Meat and Seafood Companies Fruits and Vegetable Companies Pharmaceutical Companies Ice-Cream Companies Time Period Captured in the Report:- Historical Period: 2013-2018 Forecast Period: 2018-2023E Companies Covered:- Lotte Logistics CJ Logistics Dongwon Industrial Borim Logistics Dongbu Express Hansol Logistics DB Schenker Daelim Corporation GS Global DHL Ottogi Logistics Service Co., Ltd. Pantos Logistics Key Topics Covered in the Report:- Cold Chain Businesses South Korea South Korea Refrigerated Truck Market South Korea Reefer Truck Market Size South Korea Food and Drink Storage Industry South Korea Lotte Logistics Market Revenue South Korea CJ Logistics Market Analysis Cold Storage Seoul Market Growth South Korea DHL Logistics Competitors Number of warehouses in South Korea Dairy Industry Market Size in South Korea in KRW Billion South Korea Processed Meat and Seafood Market Confectionery Market Size in South Korea For More Information, Refer To Below Link:- South Korea Cold Chain Market Related Reports by Ken Research:- Philippines Cold Chain Market Outlook To 2023 – By Service Mix (Cold Storage Market And Cold Transportation) Indonesia Cold Chain (Cold Transport And Storage) Market Outlook To 2021 – By End Users (Meat And Seafood, Vaccines And Other Pharma Products, Bakery And Confectionary, Fruits And Vegetables And Others) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: 3PL Cold Storage Warehouses Market South Korea, Cold Chain Businesses South Korea, Cold Chain Industry South Korea, Cold Chain Market South Korea Growth Rate, Cold Storage Incheon Market Revenue Analysis, Cold Storage Seoul Market Growth, Cold Storage Warehouses South Korea, Cold Transport Market South Korea, Confectionery Market Size in South Korea, Dairy Industry Market Size in South Korea in KRW Billion, Dairy Products Storage Market South Korea, Domestic Cold Storage Market South korea, Fruits and Vegetables Storage Market South Korea, Integrated Cold Storage Market South Korea, Inter-city Cold Storage Market South korea, International Cold Storage Market South korea, Intra-city Cold Storage Market South korea, market of cold chain in south korea, Number of warehouses in South korea, Owned Cold Warehouses Market South Korea, Pharmaceutical Warehousing Market South Korea, Refrigerated Transport Market South Korea, Refrigerated Warehouses South Korea, South Korea Ambient Cold Storage market, South Korea Borim Logistics Market Revenue, South Korea Chilled Warehousing Market, South Korea CJ Logistics Market Analysis, South Korea Cold Chain Industry, South Korea Cold Chain Industry Research Report, South Korea Cold Chain Logistics Market, South Korea Cold Chain Market, South Korea Cold Chain Market Analysis, South Korea Cold Chain Market Companies, South Korea Cold Chain Market End Users, South Korea Cold Chain Market Forecast, South Korea Cold Chain Market Future Outlook, South Korea Cold Chain Market Major Players, South Korea Cold Chain Market Research Report, South Korea Cold Chain Market Revenue, South Korea Cold Chain Market Segmentation, South Korea Cold Chain Market Share, South Korea Cold Chain Market Size, South Korea Cold Storage Market, South Korea Cold Transport Market Revenue in USD Billion, South Korea Cold Transport Market Segmentation, South Korea DB Schenker Cold Chain Market Share, South Korea DHL Logistics Competitors, South Korea Dongbu Express Market Future, South Korea Dongwon Logistics Market size, South Korea Food and Drink Storage Industry, South Korea Frozen Warehousing Market, South Korea Hansol Logistics Market Growth Rate, South Korea Lotte Logistics Market Revenue, South Korea Processed Meat and Seafood Market, South Korea Reefer Truck Market Size, South Korea Refrigerated Storage Market, South Korea Refrigerated Truck Market, Third Party Logistics Market South Korea