Cold Chain market in India is expected to reach INR 470 billion by 2022
The beginning of the new decade will certainly give drive growth and create opportunities in the India cold chain market. There are a slew of reasons driving the growth of cold chain market such as new policies, initiatives and introduction of new technologies.
- India cold chain market is unorganized and dominated by traditional cold storage facilities which are majorly dedicated to the storage of potatoes. The cold storage capacity has grown 1.2 times during 2012 to 2017
- The distribution of cold storages is highly uneven with majority of the cold storages located in Uttar Pradesh, Gujarat, Punjab and Maharashtra
- Majority of the cold storages are owned and operated by domestic companies. Snowman Logistics is one of the leading players in the industry
India Cold Chain industry poses a compelling future albeit with challenges. The market will be facilitated by favorable government initiatives and enhancement in technology to improve the quality of storage and transportation facility.
The market will witness a transition from traditional cold storages to fully integrated cold chain projects which would bring about efficiency and increased productivity of cold chain companies. Furthermore, with the rising exports of seafood, dairy products and other perishable items, major players will upgrade their facilities in order to store broad variety of products under a wider temperature range.