Market Share of China Cold Chain Logistics Industry
The Chinese cold chain market is highly fragmented with Sinotrans, SF Express and Beijing Ershang Group as its leading players in the market. The demand for cold chain facilities has led to a large number of small players in the market with a low degree of specialisation, leading to problems like high operating costs and unbalanced and insufficient development.
Subsequently, the market is experiencing collaborations and new entries of companies to set up their firm foot in the market. For instance, in July 2019 Japanese trading company Marubeni announced its joint venture with Chinese logistics startup G7 to lease refrigerated trailers to Chinese customers seeking to meet fast-growing demand for fresh food. Also, the Chinese e-commerce giant JD.com teamed up with Mengniu Dairy Co Ltd, China's major dairy maker, in the cold chain logistics sector to make its nationwide network available to Mengniu for its frozen products.
China Cold Chain Logistics Market Leaders
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Sinotrans Limited
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SF Express
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Beijing Ershang Group
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Jinjiang International (Group) Co., Ltd.
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NICHIREI CORPORATION
*Disclaimer: Major Players sorted in no particular order
