China Cold Chain Logistics Market Research Report, China Warehouse Industry - Ken Research
Considering the current statistics, China can be contemplated as the
largest economy accompanying a GDP value of more than USD 11 trillion.
Supporting in line is the evidence that the Chinese population is considered to
be of upper middle class with per capita income of about USD 13,170 (PPP) per
year. However, it is not to undermine the fact about unemployment which has
been held steady at 4.7 percent with a less than 1 percent rate of inflation
since 2014. Therefore, it is to say that China’s economy is currently
undergoing a rapid transition, from being a manufacturing and construction led
economy to a consumer led economy.
According to a recently released report by Ken Research, cold chain
logistics can be defined as an uninterrupted series of refrigerated collection,
processing, packaging, storage, transportation and distribution activities with
associated equipment which maintains a given low-temperature range to preserve
and extend the life of products, ensuring the quality of perishable products. With
the evident improving economy, growing household incomes, there has been an
inflating demand with regard to safety; health and quality of life which in
turn is highly benefitting the Chinese cold chain market with a growth over 20%
p.a. over the past five years. The growth has been further aided due to the
increasing concerns regarding food and drug safety, especially with the
increasing popularity of purchasing fresh produce online. The cold chain
logistics lays the foundation for supplying perishable products (fresh fruits
and vegetables, meat, dairy, aquaculture products, fresh flowers fresh fruits
and vegetables, meat, dairy, aquaculture products, and fresh flowers) and
medical products (drugs, reagents, vaccines, biological products), requiring
certain strict temperature, humidity and environmental conditions. In addition,
these temperature-controlled products require a series of steps to move along
the cold chain which can be broken down into the segments of warehousing,
ground transportation, air transport, distribution, infrastructure providers
(equipment, systems, basic services etc.), and third-party logistics service
providers (3PL).
In terms of tax policies, in June 2016, Ministry of Finance and
Ministry of Commerce jointly issued Notice on Central Finance's Support for the
Development of Cold Chain Logistics, says Ken Research. According to the notice
declared, the 10 demonstration regions which received financial support
included Shandong, Henan and Chongqing amongst the remaining others. All inclusive
of these facts, the Chinese government has been in support of the development
of cold chain logistics industry.
However, despite of taking a leading position in the agricultural and
animal products supply market, there still prevail significant losses of
quantity as well as quality before the products even reach the consumers due to
a shortage in the chill-facilities and the major cold chain systems. Also,
there are numerous consumers purchasing the agriculture and food products from
a traditional wet market, which is further limiting the full utilization of the
cold chain systems. Therefore, in order to overcome the often occurring serious
food incidents, an impetus to the growth of cold chain market has been
provided. In support, the major cities of Beijing and Shanghai have also been
witnessing dramatic growth pattern in the utilization of cold chain warehouse
and transportation systems. Moreover, as the western businesses and cultural
influences become increasingly popular and the consumers are becoming more
aware and educated pertaining to the food safety issues, the market improves on
the standard of flourishing not only in China, but also as a supplier at the
global level, aided with technology, equipment and a booming market. For
example, Agility Fairs & Events was the only sole provider of cold chain
logistics during the 6-month period of World Expo that took place in Shanghai,
China in 2010. As the Official Logistics Services Provider of World Expo 2010,
it provided a full range of transportation and storage services at the event,
which exhibited over 200 countries and organizations.
The other leading key players operating within the Cold Chain Logistics
market in China include Zhejiang Dong Ri Limited Company, Dalian Tianbao Green
Foods Co., Ltd., China Railway Express Co., Ltd., Luohe Shuanghui Logistics
Investment Co., Ltd., Henan Xianyi Supply Chain Co., Ltd., Shanghai Speed Fresh
Logistics Co., Ltd., Shanghai Zhengming Logistics Co., Ltd., DCH Logistics
Company Ltd., HAVI Logistics (Beijing) Co., Ltd., China Merchants Americold
(Hong Kong) Holdings Co., Ltd. , Rokin Logistics and Supply Chain Co., Ltd.,
Shanghai Jiaorong Cold-Chain Logistics Co., Ltd., Sinotrans Shanghai Cold chain
logistics Co., Ltd., Jiangsu Yurun Agricultural Products Logistics Group Co.,
Ltd., Nanjing Runheng Logistics Development Co., Ltd., Qingdao Dafu Rongsheng
Frozen Logistics Co., Ltd., Shanghai Grand logistics Co., Ltd., Jiangsu
Tianyuan Logistics Group Co., Ltd., Chengdu SilverPlow Refrigeration Logistics
Co.,Ltd., CCL Cold Logistics Corp.,Ltd., Dalian Refrigeration Co., Ltd., Fujian
Snowman Co., Ltd., Shanghai Hanbell Precise Machinery Co., Ltd., Nantong Square
Cold Chain Equipment Co., Ltd., Luoyang Longhua Heat Transfer & Energy
Conservation Co., Ltd., Shandong Wanze Cold Chain Co., Ltd., and Zhejiang
Kaishan Compressor Co., Ltd. These players are responsible for not only the
distribution of products within the country but also in the global sphere, in a
fattening way.
Key Topics Covered in the Report:
China Cold Chain Logistics Industry
Cold Chain Logistics Market Research Report
Global Cold Chain Logistics Industry Analysis
China Warehouse Industry
China Cold Chain Logistics Players
China Cold Chain Logistics Market
Cold Chain Logistics Market Forecast China
For more coverage click on the
link below:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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