Market Overview
Cold storage refers to the preservation of food or other items in a refrigerator or other cold area. Food preserved in freezers lasts for a longer time. Additionally, storing or shipping temperature-sensitive goods plays a crucial role in supply chain management. The possibility of temperature-sensitive products being wasted is significantly reduced by cold storage technology office advantages including cutting-edge refrigeration equipment and maintenance and tracking systems for varied products like fruits and vegetables. The construction of the cold storage involves adequately sealing the area and maintaining a low temperature by removing heat using refrigeration equipment. Fruits and vegetables can considerably lessen spoiling by being kept at low temperatures, which also lengthens the shelf life of edible oils. Facilities are needed, such as a dock-to-stock procedure, humidity and moisture control systems, assured inventory counts, and catastrophe preparedness plans.
Report Analysis
According to the research report, “India Agricultural Cold Storage Industry Outlook 2025 – An assessment of demand-supply infrastructure across value chain” states that the market is propelled by the increase in international trade because of liberalization in trade. Due to a lack of cold chain infrastructure at the farm-gate and transportation level which is mainly increasing the capacity of cold storage solutions at an aggregate level. Inefficiencies as a single commodity storage unit are further highlighted by snapshots of cold storage solutions in the top five capacity states of Uttar Pradesh, West Bengal, Gujarat, Punjab, and Andhra Pradesh, as well as in a few select states like Maharashtra, J&K, and Himachal Pradesh. These snapshots also highlight the absence of modern technology (controlled atmosphere, pre-conditioning rooms) in such units.
Impact of COVID-19
The agricultural cold storage market has been severely disrupted by the pandemic. Although storage services fall under the category of necessities, managing capacity in the warehouses was difficult due to the inconsistent flow of commodities.
India’s cold storage chain business has a big part to play in solving this problem. They are taking on the duties of keeping the necessary goods safe, delivering them, and storing them. States have suffered a lot of losses as a result of the lockdown. However, the industry has seen some progress as a result of the government’s initiatives to ameliorate the situation. The nation’s central government has begun making plans to set up a cold storage chain for the COVID-19 vaccine, which is likely to receive approval soon. Additionally, it is coordinating vaccination delivery with top airlines. At the point of embarkation and disembarkation, the government has begun to put up a cold storage chain.
Future Outlook
Over the forecast period from 2020 to 2025, It is predicted by the analysts at Ken Research that an increase in capacity of XX Mn MT over the next five years, reaching an overall capacity of XX Mn MT due to the maturing agri-tech ecosystem, growing traction from start-ups addressing farm gate concerns and adoption of technology advancements. The report’s conclusion emphasizes the worth of opportunities at the farm gate level and the need to address immediate problems to produce a viable business model resulting from value chain ownership synergies.
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India Agricultural Cold Storage Industry
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Ankur Gupta, Head Marketing & Communications
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