IMARC Group, a leading market research company, has recently releases report titled “Vietnam Cold Chain Logistics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2029,” The study provides a detailed analysis of the industry, including the Vietnam cold chain logistics market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Vietnam cold chain logistics market?
The Vietnam cold chain logistics market is projected to exhibit a growth rate (CAGR) of 12.1% during 2024-2029.
What is Cold Chain Logistics?
Cold chain logistics is a specialized supply chain system that ensures the safe and efficient transportation and storage of temperature-sensitive goods, including perishable food items and pharmaceuticals. The system relies on a series of temperature-controlled storage facilities and distribution points to maintain the required conditions for preserving the quality and integrity of products. Essential characteristics include a regulated temperature and humidity environment, real-time monitoring capabilities, and advanced technologies like RFID tagging for tracking. Cold chain logistics employs specially designed refrigerated vehicles, temperature-sensitive packaging, and Internet of Things (IoT) devices for continuous monitoring and data collection. This makes it a reliable and efficient system for industries that depend on exact temperature conditions to maintain the quality of their goods.
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What are the growth prospects and trends in the Vietnam cold chain logistics industry?
One of the major drivers of growth in Vietnam’s cold chain logistics market is the rapid expansion of the food and beverage sector, coupled with increasing pharmaceutical needs. Rising consumer demand for fresh and quality products, as well as the growth of e-commerce in grocery and healthcare, has put a premium on efficient and reliable cold chain services. The Vietnamese government’s investment in infrastructure development, including transport networks and cold storage facilities, is also contributing significantly to the market expansion. The increased focus on sustainable and eco-friendly logistics solutions offers new growth opportunities. For instance, the adoption of solar-powered cooling systems and energy-efficient transportation is gaining traction. Ease of access to cold chain logistics services has been facilitated by the proliferation of online platforms that connect suppliers with service providers. This digital transformation is increasing the market reach, making these services accessible even in remote areas. Furthermore, the awareness of the importance of cold chain logistics for public health and food safety is aiding in the growth of the market in Vietnam.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Warehousing
- Transportation
- Railway
- Airways
- Roadways
- Waterways
Breakup by End User:
- Fruits and Vegetables
- Bakery and Confectionary
- Dairy and Frozen Desserts
- Meat, Fish and Sea Food
- Drugs and Pharmaceuticals
- Others
Breakup by Regional:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
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