Philippines Warehousing and Cold Chain Market Report: Size, Share, Growth, and Forecast (2018-2028)

Overview

Executive Summary
The Philippines cold chain market is largely driven by rising domestic meat and seafood consumption, expansion of current warehouses, and growing government efforts and investments in the nation.

There are various types of warehouses around the nation, including integrated cold chain facilities, cold storage, and dry storage.  The supply chain includes warehousing as a crucial link.

“Warehouses are becoming one of the Prominent Long Term Investment in Philippines”

The Philippines' upcoming major real estate investment is predicted to be warehouses. In the new normal, local businesses who were compelled to shut down physical storefronts and transfer their product inventory to online platforms will continue to see a rise in storage needs for their product inventory. Another growing potential is investing in distribution centres, storage facilities, and warehouses. The conversion of commercial premises into last-mile hubs, micro-warehouses, or storage facilities is another encouraging development in the nation.

“The industrial and retail industries in the Philippines are the main sources of storage. Container freight, cold storage, and agriculture are further significant contributions.”

It's crucial to pay close attention to the development of the e-commerce sector. Online shopping is becoming more and more popular, which has a significant impact on Philippine warehousing. The demand for more warehouse and logistics space will continue to increase locally as more businesses move from offline to online. The combined 1.6 million square meter storage facilities around the nation were 9.1% occupied in the first quarter of 2021.

100% of warehouse rents are occupied in Central Luzon, compared to 98.4% in Metro Manila and 84.24% in Calabarzon.

Performance of Segmentation

By Type of Warehouses: The warehouse market in Philippines by type consists of General purpose warehouse, cold storage, bonded warehouses and others. General purpose storage accounts for the major market share. The growing export-import trade, retail sector, and industrial production are boosting the demand for general warehouses.

By Sectors: As Filipino customers continue to swarm online marketplaces, e-commerce saw an unexpected rise. There is a growing demand for warehousing in the Philippines as more companies look for warehousing operations or services there. Moreover, the retail industry, the Fast-Moving Consumer Goods (FMCG) industry, the pharmaceutical industry, the garment industry, and the accessory industry have all seen considerable growth in recent years. The e-commerce sector is the most well-known of them.

Future Growth Opportunities
Through various growth opportunities present in the market, there is hope that the Philippine warehousing industry would realize its full potential. Since food imports will continue to be a major factor in the growth of the Philippine cold chain business, growth in 2023 is predicted to reach 10%.

The Philippines cold chain market is anticipated to grow positively in next five years as a result of rising infrastructure spending to enhance connectivity for the cold transport industry, high domestic demand for seafood and meat products, growing attention to ISO and LEED certifications for frozen storages, automation in cold storages through ASRS, WMS, and RFID, and the inclusion of quick or blast freezing services.

Scope of the Study
Makreo research has published a study titled “Philippines Warehousing and Cold Chain Market Size and Outlook to 2028-Market by Type of Warehouses (General purpose warehouse, cold storage, bonded warehouses and others.), By Sectors (eCommerce, manufacturing, Industrial & Retail, Agriculture and others)”. This is a detailed evaluation of the logistics market performance in Philippines that discusses past, present and future outlook of the industry. In recent past industry has experienced many fluctuations due to the external environment thus this study offers analysis of the industry during Pre-COVID-19 period and post COVID-19 scenario. The report shed light upon the demand & Supply gap prevailing in the logistics industry of Philippines and also assess future outlook of the industry.

The report examines the Philippines Warehousing and Cold Chain Market Revenue on various parameters-

By Type of Warehouses:

• General purpose warehouse
• Cold storage
• Bonded warehouses
• Others

By Sectors:

• E-Commerce
• Manufacturing
• Industrial & Retail
• Agriculture
• Others

Key Questions Answered

1. How Philippines Warehouse industry has performed in the past and what is the present scenario?
2. What are the Current Lease Rates of Warehouses by Cities?
3. How demand is shaping up for the Philippines warehouse industry?
4. Which type of warehouse dominate the Philippines warehouse industry?
5. Which sector holds the major contribution in the country’s warehouse market?
6. How Philippines Cold Chain industry has performed in the past and what is the present scenario?
7. What are the Lease Rates of Refrigerated Warehouses in Philippines?
8. What is the Philippines Inbound and Outbound Cargo Expenditure?
9. What are the major challenges faced by Cold Chain market in the Philippines ?
10.  How many number of  Cold Storage and Warehouse facilities are there in Philippines?