India Cold Chain Logistics Market to be Dominated by Frozen Sector Segment in the Forecast Period
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
- Cold Box
- Conestoga
Cold Storage
- Congebec
- Lineage
Logistics Holding, LLC
- Nichirei
Corporation
- Tippmann
Group
- United
States Cold Storage
- VersaCold Logistics
Services
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
“The
modernization of logistics has assisted the growth of the refrigerated
logistics sector. The demand for cold chain logistics increased unexpectedly in
India countries between 2020 and 2021. The need for cold storage and
transportation has risen because of the growing urban population and changing
customer preferences. Overall, it is anticipated that India's cold chain
capacity would expand steadily over the future years and increase at a very
high CAGR throughout the projected period. The market is anticipated to
organise itself better and engage in more institutional investment.
Built-to-suit assets with improved architectural requirements, variety in cold
storage products catering to higher-value commodities, and usage of sustainable
solutions for lowering operational costs are possible future trends in this
industry. Therefore, these factors are fuelling the market growth of the “India
Cold Chain Logistics market in the upcoming years,” said Mr. Karan Chechi,
Research Director with 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),
2019-2029 ”, 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 Us-
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com