Dublin, Dec. 24, 2024 (GLOBE NEWSWIRE) -- The "Cold Chain Market in India 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The cold chain market in India is expected to reach a value of INR 5.09 Trn during the 2024 ? 2029 forecast period, expanding at a compound annual growth rate (CAGR) of ~16.43%.
The Indian cold chain market is vital for reducing post-harvest losses and ensuring the safe storage and transport of perishable goods. With significant government support, including the Pradhan Mantri Kisan Sampada Yojana, and advancements in infrastructure, the sector is projected to grow rapidly. Increased demand for processed foods, pharmaceuticals, and dairy products drives the need for seamless cold storage and logistics solutions, establishing India as a key player in global cold chain systems.
The Integrated Cold Chain and Value Addition Infrastructure Scheme has approved 372 projects, creating over 38 million metric tons of storage capacity and generating 2.23 lakh jobs. Rising urbanization and e-commerce boost demand for temperature-controlled solutions, particularly for processed foods, vaccines, and frozen goods. State-of-the-art technologies like IoT-based monitoring and automated warehouses are gaining traction.
Major players like Snowman Logistics and DHL are expanding footprints, leveraging demand for last-mile delivery solutions. Growth is also catalysed by increasing agricultural exports, with a focus on reducing post-harvest losses and maintaining quality standards.
Segment insights:
The market is segmented into cold chain storage and cold chain logistics.
Cold chain storage includes refrigerated warehouses, facilitating the storage of perishables like fruits, vegetables, dairy, and pharmaceuticals. Recent investments under the PMKSY scheme emphasize farm-level cold storage to minimize wastage and enhance farmer incomes. Automated and temperature-regulated facilities are growing in adoption.
Cold chain logistics focuses on refrigerated transportation, including trucks, containers, and rail services. Government incentives support the adoption of energy-efficient vehicles and insulated transport. Last-mile delivery for e-commerce groceries and meal kits has surged, requiring advanced logistics. This segment ensures seamless connectivity across supply chains, aided by tracking systems for real-time visibility and compliance with temperature-sensitive goods.
Market trends:
Emerging market trends include the adoption of renewable energy solutions like solar-powered cold storages and energy-efficient refrigeration units, reducing operational costs. IoT integration enables remote monitoring, enhancing efficiency. Growth in pharmaceutical cold chains, driven by vaccine storage and biologics, creates high-value opportunities.
The rising popularity of processed and frozen foods among urban consumers has accelerated investments in refrigerated retail chains. Geographical expansion into underserved rural markets offers untapped potential, supported by government subsidies for infrastructure in difficult areas.
Key Topics Covered:
Chapter 1: Executive Summary
Chapter 2: Socio-Economic Indicators
Chapter 3: Introduction
3.1. Market Definition and Structure
3.2. Market Structure of Freight Forwarding
3.3. Logistics Services Pyramid
3.4. Shipping and Distribution Structure at Different Supply Chain Levels
3.5. Market Structure of 3PL
3.6. Market Structure of Reverse Logistics
Chapter 4: Market Overview
4.1. Logistics Service Market in India - An Overview
4.2. Logistics Service Market in India - Size and Growth Forecast (2022 - 2029e)
4.3. Current Market Scenario
4.4. Analysis of India's Logistics Costs and Performance Indicators
Chapter 5: Insights into Major Segments - Transportation
5.1. Logistic Transportation Market Segment - An Overview
5.2. Primary Characteristics of Freight Transport
5.3. Logistics Services Market - Based on Transportation Type (2022 and 2023)
Chapter 6: Insights into Major Segments - Warehousing
6.1. Warehousing Market - An Overview
6.2. Warehousing Market - Size and Growth Forecast (2022 - 2029e)
6.3. Current Market Scenario
6.4. Market Investment Scenario
6.5. Warehousing Clusters Across Major Indian Cities
6.6. Industry-wise Share of Organized Warehousing Transactions
Chapter 7: Insights into Major Segments - Supply Chain Management
7.1. Third-party Logistics (3PL) Market - An Overview
7.2. Third-party Logistics (3PL) Market - Size and Growth Forecast (2022 - 2029e)
7.3. India Supply Chain Management Market - An Overview
Chapter 8: Market Influencers
8.1. Market Drivers
8.2. Market Challenges
Chapter 9: Market Trends
9.1. Key Market Trends
Chapter 10: Government Initiatives
10.1. Key Initiatives by the Government that Support the Logistic Service Market in India
Chapter 11: Competitive Landscape
11.1. Ashok Leyland Limited
- Company Information
- Business Description
- Products/services
- Key People
- Financial Snapshot
- Key Ratios
- Key Financial Performance Indicators
- Key Business Segments
- Key Geographic Segments
11.2. Allcargo Gati Limited
11.3. Blue Dart Express Limited
11.4. Container Corporation of India (CCI) Limited
11.5. Mahindra Logistics Limited
11.6. Transport Corporation of India (TCI) Limited
11.7. Agarwal Packers and Movers Limited
11.8. DHL Express (India) Private Limited
11.9. DTDC Express Limited
11.10. Spear Logistics Private Limited
Chapter 12: Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/jwx7fk
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