India cold chain storage and logistics market to register 17 percent growth

Cold chain storage and logistics process includes temperature-controlled storage and transportation of temperature-sensitive goods in a supply chain.

India cold chain storage and logistics market valued at US$ 4701 million in 2019 is anticipated to register growth of 17.04 percent during 2020 – 2025, owing to growing processed food and healthcare industry. Increasing cross-border trade and growing organised retail industry is driving the Indian cold chain storage and logistics market. Though the cold chain storage and logistics market in India is witnessing healthy growth, high operative cost and lack of standardisation in the industry are likely to hinder the market growth during the forecast period.

In terms of type, India cold chain storage and logistics market has been categorised into temperature-controlled storage and temperature-controlled transportation. Of these categories, temperature-controlled storage segment is accounted for the majority market share, backed by growing government support for cold storage infrastructure and increasing demand for processed food.

Cold chain storage and logistics market in India is highly categorised as around 70-80 percent market is characterised by unorganised players. However, it is slowly moving towards organised business structure due to growing health awareness and technological advancements. Some of the leading players operating in India cold chain storage and logistics market include Snowman Logistics Ltd., Container Corporation of India Ltd. (CONCOR), Coldex Logistics Pvt. Ltd., Gati Kausar Ltd., DHL International GmbH, ColdStar Logistics Pvt. Ltd., M. J. Logistics Services Ltd., Gubba Cold Storage Ltd., Kelvin Cold Chain Logistics Pvt. Ltd. and RK Foodland Pvt.Ltd.