India Cold Chain Logistics Market
India Cold Chain Logistics Market Size Set to Grow at Steady CAGR of 16.30% to Reach USD 20.58 by 2029
Published | 22 June 2023
India cold chain logistics market is rapidly growing due to increasing demand for processed and packaged food products, expanding organized retail sector, rising pharmaceutical industry, growing e-commerce activities, government initiatives to improve infrastructure, and the need to reduce food wastage and ensure product quality and safety.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India cold chain logistics market size at USD 7.17 billion in 2022. During the forecast period between 2023 and 2029, India cold chain logistics market size is to grow at a robust CAGR of 16.30% reaching a value of USD 20.58 billion by 2029. Significant developments have been observed in the cold chain logistics business in India recently. The market has expanded steadily as a result of the rising demand for perishable items to be transported and stored at controlled temperatures. The adoption of cutting-edge technologies like the Internet of Things (IoT), cloud computing, and data analytics to boost productivity and guarantee the integrity of cold chain operations is one noticeable trend. The demand for cold chain logistics services has also increased as a result of the growth of the organized retail, pharmaceutical, and food processing industries. Increased expenditures in cold storage facilities and refrigerated transportation, together with the government's focus on regulatory changes and infrastructure improvement, are expected to fuel market expansion dueing the forecast period.
India Cold Chain Logistics Market – Overview
To preserve the quality and integrity of temperature-sensitive products, such as perishable commodities and pharmaceuticals, cold chain logistics refers to the management and transportation of these products in a controlled and uninterrupted temperature environment. Guarantee that items stay within designated temperature ranges throughout the supply chain, it entails several specialized procedures, including refrigeration, packaging, storage, and delivery. In businesses where temperature control is key for product safety and efficacy, cold chain logistics is extremely important. Companies can reduce the risk of spoilage, maintain product freshness, and increase shelf life by maintaining the cold chain, protecting consumer health, and adhering to regulatory standards.
Impact of COVID-19 on India Cold Chain Logistics Market
The COVID-19 pandemic significantly impacted the India cold chain logistics market. With the outbreak of the virus, there has been a surge in demand for temperature-controlled storage and transportation of essential goods, including pharmaceuticals, vaccines, and food products. The need to maintain the integrity and safety of these items has become crucial. Cold chain logistics providers have faced numerous challenges, such as disruptions in supply chains, increased operational costs, and stringent health and safety regulations. However, the pandemic has also presented opportunities for the industry to expand and innovate, leading to investments in advanced cold storage facilities, technology solutions, and last-mile delivery systems to meet the evolving demands of the market.
India Cold Chain Logistics Market – By Business Type
On the basis of business type, India cold chain logistics market is divided into Warehousing and Transportation segments. The transportation segment further comprises various modes such as Railways, Airways, Roadways, and Waterways. These subdivisions play crucial roles in ensuring the efficient movement of temperature-sensitive goods across the country. Transportation comprising the railways segment dominates the market share. Railways provide a reliable and cost-effective option for long-distance transportation, while Airways offer swift delivery for perishable items. Roadways serve as a flexible mode, catering to both short and medium distances, enabling last-mile connectivity.
India cold chain logistics market is fiercely competitive. Major companies in the market include Snowman Logistics Ltd, ColdStar Logistics, Gati Kausar, Kelvin Cold Chain Logistics Pvt Ltd, Mahindra Logistics, ColdEx Logistics, DHL Supply Chain India Pvt Ltd, Kool-ex Cold Chain Ltd, Agility Logistics Pvt Ltd, and Stellar Value Chain Solutions Pvt Ltd. Companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in India cold chain logistics market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India cold chain logistics market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India cold chain logistics market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- India Cold Chain Logistics Market - By Business Type (Warehousing, Transportation (Railways, Airways, Roadways, Waterways); By End-use Industry (Fruits & Vegetables, Bakery and Confectionary, Dairy & Frozen Desserts, Drugs & Pharmaceuticals, Meat, Fish & Sea Food); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: June 2023
Increasing demand for perishable goods, expansion of organized retail and e-commerce sectors, government initiatives promoting food safety and quality, advancements in refrigeration technologies, and rising consumer awareness regarding the importance of temperature-controlled storage and transportation propelling the growth of the India Cold Chain Logistics Market during the forecast period between 2023 and 2029.
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