India Cold Chain Storage And Logistics Market to Grow at 17.04% CAGR till 2029
One of the most compelling
drivers behind the rise of the Cold Chain Logistics Market is the Rise in Pharmaceutical
and Healthcare Industry Growth.
According to
TechSci Research report, “India Cold Chain Logistics
Market - By Region, Competition, Forecast & Opportunities, 2019-2029F”. The India Cold Chain
Logistics Market is expected to grow with a CAGR of 17.04% during the forecast
period. The main driving forces behind the growth of the India cold chain
market are the rising demand for processed food products and the expansion of
the retail and e-commerce sectors in the country. These factors suggest that
the market value of the country's cold chain logistics market is expected to
increase at a healthy CAGR in the upcoming years.
The
expansion of organized food retail as well as the increase in perishable food
production and consumption in the country are driving the demand for cold
chains. The majority of organised retail businesses are constructing sizable
cold chain infrastructures to manage their supply chains effectively.
Additionally, the region's rising taste for processed food items and move
toward the production of fruits and vegetables over grain crops both
considerably contribute to the industry's expansion.
The area
is experiencing substantial growth in the demand for high-quality items as a
result of rising consumer disposable income and an expanding middle-class
population. The expansion of the sector in India is further aided by the
country's rapid urbanisation and expanding industrialization. The government's
aim to build numerous mega food parks in addition to its favourable laws is
giving the industry even more of a boost. The healthcare sector's increasing
need for efficient cold chain facilities to preserve heat-sensitive goods
including vaccines, biopharmaceuticals, and clinical trial materials, among
others, is driving the industry's expansion. The vaccines, biopharmaceutical,
and clinical trials industries in many regions are anticipated to increase, and
this will lead to substantial demand in the market over the forecast
period.
Browse over xx market data Figures
spread through 86 Pages and an in-depth TOC on " India Cold Chain Logistics Market.”
The fruits &
Vegetables and dairy products Expected to Witness Significant Growth in the
Market, these goods need a certain temperature for storage and transit because
the majority of them are perishable and temperature sensitive. As a result, it
is anticipated that the cold chain logistics industry is expected to grow in
the upcoming years.
During the
forecast period, Asia Pacific is expected to grow the most. The e-commerce
industry is growing rapidly in the Asia Pacific region, which is driving the demand
for cold chain logistics for the last-mile delivery of temperature-sensitive
products, such as fresh food, pharmaceuticals, and other products. Governments
in the Asia Pacific region are investing in the development of cold chain
infrastructure to support the growth of the food and pharmaceutical industries.
For instance, the Indian government has launched the Pradhan Mantri Kisan
Sampada Yojana to create modern infrastructure for the food processing
industry, which includes cold chain logistics. The growing demand for food
products, increasing urbanization, rising e-commerce industry, government
initiatives, and focus on sustainability are driving the growth of the cold
chain market in the Asia Pacific region.
Key market players
in the India Cold Chain Logistics Market include:
- Americold Logistics, LLC
- Burris Logistics
- Ortus Solutions, Corp
- Conestoga Cold Storage
- Congebec (Transport) Inc
- Lineage, Inc.
- Nichirei Corporation
- Tippmann Group
- United States Cold Storage
- VersaCold Logistics Services
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“The India Cold Chain Storage and Logistics Market is poised for significant growth due to rising demand for perishable goods, expanding organized retail and e-commerce sectors, and increasing pharmaceutical needs. Technological advancements in IoT and automation will enhance operational efficiency and reduce wastage. Government initiatives promoting agricultural infrastructure and food safety standards will further drive market expansion. As consumers prioritize fresh, high-quality products and industries seek reliable, scalable cold chain solutions, the market will continue to evolve, supporting sustainable development and economic growth across India's agricultural, food processing, and healthcare sectors.” said Mr. Karan Chechi, Research Director of TechSci Research,
a research-based India management consulting firm.
“India Cold Chain Storage and Logistics Market Segmented By Service Type (Refrigerated Warehouse, Refrigerated
Transportation), By Application (Seafood, Meat, Fruit & Vegetable, Dairy
Products, Alternative Protein, Others), By Temperature Type (Frozen, Chilled),
By Technology (Dry Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Quilts), 2019-2029F
”, has evaluated the future
growth potential of India Cold Chain Logistics Market and provides statistics
and information on market structure, size, share, and future growth. The report
is intended to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities present in the India Cold Chain Logistics Market.
Contact
Mr. Ken Mathews
Techsci Research LLC
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States- 10170
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