India Temperature Controlled Logistics Market Value 2020 to 2032 in USD Million

The India cold chain logistics market from 2020 to 2032 is progressing swiftly, supported by rising demand in food processing, pharmaceuticals, and online retail. The sector grew from roughly USD 7.2 billion in 2022 to an estimated USD 11.5 billion in 2024, with expectations to cross USD 20 billion by 2029 (CAGR ~16%).

The industry comprises two key parts: cold storage and refrigerated transport. Cold storage holds around 44% market share, while refrigerated transport is the fastest-growing segment, driven by perishable goods delivery needs.

Government initiatives such as PM Kisan SAMPADA, National Cold Chain Development Program, and Kisan Rail are accelerating infrastructure upgrades. Expanding e-commerce and booming food sector demand have further heightened the need for reliable cold chain systems.

Key players including Snowman, Kool‐ex, Gati Kausar, DHL, and Crystal Logistics are integrating IoT temperature monitoring, AI-powered route optimization, automation, and eco-friendly refrigeration to reduce spoilage and lower costs.

Despite challenges such as high operating costs, service fragmentation, and capacity constraints, the industry is modernizing through technology adoption, government subsidies, and green logistics efforts, positioning it for strong growth through 2032.

In summary, the India cold chain logistics market is set to expand significantly over 2020-2032, fueled by urbanization, healthcare needs, policy support, digital commerce, and advanced logistics innovation.

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This release was published on openPR.