Indonesia’s Cold Chain Market to 2021: Government Funding Will Create Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 2, 2019--The “Indonesia Cold Chain Market Outlook to 2021 - By End Users” report has been added to ResearchAndMarkets.com’s offering.
Indonesia cold chain market has witnessed a robust growth (last 5 year CAGR of 8.6%) in past few years on account of growth in pharmaceutical and FMCG industry. The demand for fresh and processed fruits and vegetables, meat, dairy and other products are on rise in the country. Beef meat production has grown at a five year CAGR of 2.5% during 2011-2016.
Cold Storage & Cold Transport: The cold chain logistics market was dominated by cold storage in the country in 2016. The cold storage contributed revenue share of 13.6% in the warehousing market of Indonesia owing to the increase in the demand of perishable goods such as injections, food and others. Cold Storage services include refrigerators, chilled room, thawing room, freezer room, blast chiller and blast freezer. Great Jakarta has more than 40 cold chain companies with major location of cold storage being North Jakarta, West Jakarta and Bekasi.
There are two types of storage facilities present in the country namely Industrial and Commercial. Commercial ones which are generally designed and built for rent or main facility of business activities such as logistics and supply chain management and generally have the capacity of below 500 tonnes. The industrial storage facilities have more than 500 tonnes capacity and function as a part of production facility. The challenge faced by cold chain industry in Indonesia is lack of availability of electrical power in the remote sites.
Product Type: Processed meat and seafood continued to record a strong double digit retail value growth in 2016. Beef meat production has grown at a five year CAGR of 2.5% during 2011-2016. The increase in pharma products usage further aggravated the demand for cold chain units both in terms of cold storage and logistics making a positive impact on the market. Fruits and vegetables accounted for third highest revenue share in cold chain market of Indonesia in 2016. Indonesia bakery and confectionery industry market has been growing with the middle class embracing the western and urban lifestyle. The other products include cosmetics, eggs, animal feed and other perishable items.
Cold chain market in Indonesia is a concentrated market. PT. Diamond Cold Storage, Maersk Line, Wahana and GAC are the leading companies in the industry. These companies compete with each other on the basis of total space of temperature controlled area, number of temperature maintained fleets, local coverage area.
Future Outlook & Projections
Indonesia cold chain industry is expected to grow at a five year CAGR of 10.1% during 2016-2021. The market will be majorly driven by increasing demand for perishable items including frozen food, pharmaceutical, meat, sea food and dairy products in the country. The government funding will create new fishing ports and warehouses, expansion of existing warehouses, investment in farming community and infrastructure.
Key Topics Covered
- Comparative Analysis of Indonesia Logistics Market with Global Logistics Market
- Indonesia Logistics Market Size
- Indonesia Logistics Market Segmentation
- Indonesia Logistics Market Future
- Indonesia Warehousing Market Size
- Indonesia Warehousing Market Segmentation
- Indonesia Warehousing Market Future
- Indonesia Cold Chain Market Size
- Indonesia Cold Chain Market Segmentation
- Indonesia Cold Chain Market Future
- Industry Norms and Regulations
- Growth Drivers and Trends
- Issues and Challenges
- Competitive Landscape of Major Players in Indonesia Cold Chain Market
- Macroeconomic Factors Affecting Indonesia Logistics Market
- Bonecom Servistama Compindo
- Gunung Sewu Kencana
- MGM Bosco
- PT Unilever Indonesia
- Pt. Mega International Sejahtera
- PT. Pluit Cold Storage
- PT. Wahana Cold Storage
- Sukanda Djaya
For more information about this report visit https://www.researchandmarkets.com/r/dw8rpq
View source version on businesswire.com:https://www.businesswire.com/news/home/20190502005339/en/
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Related Topics:Industrial Refrigeration
KEYWORD: ASIA PACIFIC INDONESIA
INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/02/2019 05:27 AM/DISC: 05/02/2019 05:26 AM