Market Forecast By Offering (Hardware , Software), By Logistics (Storage , Transportation), By Application (Dairy & frozen desserts, Fish, meat & seafood, Fruits & vegetables, Bakery & confectionery, Others) And Competitive Landscape
Product Code: ETC4583305 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India cold chain monitoring market import shipment experienced a significant decline with a CAGR of -55.8% from 2020 to 2024. However, there was a positive growth momentum observed between 2023 and 2024, indicating a potential stabilization or slight recovery in the market.
Report Name | India Cold Chain Monitoring Market |
Forecast period | 2025-2031 |
CAGR | 13.5% |
Growing Sector | Food Sector |
The India Cold Chain Monitoring Market Report thoroughly covers the market by offering, logistics, and application. The India Cold Chain Monitoring Market Outlook report provides an unbiased and detailed analysis of the ongoing India Cold Chain Monitoring Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India cold chain monitoring market growth is driven by the increasing demand for temperature-sensitive products, technological advancements in cold chain monitoring systems, and government initiatives to improve the cold chain infrastructure. The Indian government has implemented several initiatives to address these challenges and support the market's growth.
According to 6Wresearch, the India Cold Chain Monitoring Market size is estimated to expand at a CAGR of 13.5% during 2025-2031. One of the primary drivers of the India cold chain monitoring market is the increasing demand for temperature-sensitive products such as seafood, dairy, fruits, and pharmaceuticals. The demand for temperature-sensitive products has resulted in the need for better cold chain monitoring systems to prevent spoilage and maintain product quality. Another significant driver of the India cold chain monitoring market is technological advancements in cold chain monitoring systems. The introduction of wireless sensors, cloud-based platforms, and GPS tracking systems has enabled real-time monitoring of temperature, humidity, and other factors that affect product quality. The India Cold Chain Monitoring Market growth is driven by these drivers.
One of the biggest challenges is the lack of sufficient infrastructure to support cold chain monitoring systems. Another significant challenge is the lack of awareness and training of personnel involved in the handling and monitoring of temperature-sensitive cargo. Proper education and training on cold chain protocols, equipment handling and maintenance, and temperature monitoring are essential to ensure adequate product quality. However, the lack of proper training can lead to damaged products, spoilage, and financial losses.
The India cold chain monitoring market is highly competitive, with several players offering a wide range of monitoring systems and solutions. Some of the key players in the market include TATA Communications, DHL, Zest Labs, and Sensitech. These companies offer solutions such as wireless temperature monitoring, cloud-based platforms, and GPS tracking systems.
The Indian government has implemented several initiatives to improve the country's cold chain infrastructure and support the growth of the India cold chain monitoring market. One such initiative is the Pradhan Mantri Kisan Sampada Yojana (PMKSY), which aims to strengthen the cold chain infrastructure and provide integrated cold chain and preservation facilities for agriculture and horticulture products. The government has also launched the National Horticulture Board's Integrated Cold Chain Development Program, which focuses on developing new cold chain facilities, upgrading existing facilities, and providing financial assistance to small and medium enterprises involved in the cold chain industry.
With the increasing trend of urbanization, coupled with the rising demand for temperature-sensitive products, the cold chain industry in India is set to grow significantly over the next few years. The industry's future looks bright, with technology playing a crucial role in shaping it. With IoT, RFID, and automation, the industry is ripe for disruption and innovation, bringing new opportunities and challenges for existing players and new entrants alike.
According to Saurav, Senior Research Analyst, 6Wreserach, the hardware offering segment in the India cold chain monitoring market has grown rapidly due to the need for remote tracking of shipments and a growing number of cold storage facilities. The hardware used in cold chain monitoring includes temperature monitoring systems, data loggers, and communication systems.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cold Chain Monitoring Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cold Chain Monitoring Market Revenues & Volume, 2021 & 2031F |
3.3 India Cold Chain Monitoring Market - Industry Life Cycle |
3.4 India Cold Chain Monitoring Market - Porter's Five Forces |
3.5 India Cold Chain Monitoring Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 India Cold Chain Monitoring Market Revenues & Volume Share, By Logistics, 2021 & 2031F |
3.7 India Cold Chain Monitoring Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Cold Chain Monitoring Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for perishable goods due to changing consumer preferences |
4.2.2 Stringent regulations and standards for food safety and quality |
4.2.3 Growing adoption of cold chain monitoring technologies for pharmaceuticals and healthcare products |
4.3 Market Restraints |
4.3.1 High initial investment and operational costs associated with cold chain monitoring systems |
4.3.2 Lack of awareness and skilled workforce for implementing and managing cold chain monitoring solutions |
4.3.3 Infrastructure challenges and power supply issues in certain regions affecting the efficiency of cold chain operations |
5 India Cold Chain Monitoring Market Trends |
6 India Cold Chain Monitoring Market, By Types |
6.1 India Cold Chain Monitoring Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 India Cold Chain Monitoring Market Revenues & Volume, By Offering, 2021 - 2031F |
6.1.3 India Cold Chain Monitoring Market Revenues & Volume, By Hardware , 2021 - 2031F |
6.1.4 India Cold Chain Monitoring Market Revenues & Volume, By Software, 2021 - 2031F |
6.2 India Cold Chain Monitoring Market, By Logistics |
6.2.1 Overview and Analysis |
6.2.2 India Cold Chain Monitoring Market Revenues & Volume, By Storage , 2021 - 2031F |
6.2.3 India Cold Chain Monitoring Market Revenues & Volume, By Transportation, 2021 - 2031F |
6.3 India Cold Chain Monitoring Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Cold Chain Monitoring Market Revenues & Volume, By Dairy & frozen desserts, 2021 - 2031F |
6.3.3 India Cold Chain Monitoring Market Revenues & Volume, By Fish, meat & seafood, 2021 - 2031F |
6.3.4 India Cold Chain Monitoring Market Revenues & Volume, By Fruits & vegetables, 2021 - 2031F |
6.3.5 India Cold Chain Monitoring Market Revenues & Volume, By Bakery & confectionery, 2021 - 2031F |
6.3.6 India Cold Chain Monitoring Market Revenues & Volume, By Others, 2021 - 2031F |
7 India Cold Chain Monitoring Market Import-Export Trade Statistics |
7.1 India Cold Chain Monitoring Market Export to Major Countries |
7.2 India Cold Chain Monitoring Market Imports from Major Countries |
8 India Cold Chain Monitoring Market Key Performance Indicators |
8.1 Percentage reduction in food wastage due to improved cold chain monitoring |
8.2 Increase in the adoption rate of IoT-enabled cold chain monitoring solutions |
8.3 Improvement in compliance rates with regulatory requirements for temperature control |
8.4 Reduction in overall energy consumption within the cold chain operations |
8.5 Increase in the number of successful cold chain logistics operations without temperature excursions |
9 India Cold Chain Monitoring Market - Opportunity Assessment |
9.1 India Cold Chain Monitoring Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 India Cold Chain Monitoring Market Opportunity Assessment, By Logistics, 2021 & 2031F |
9.3 India Cold Chain Monitoring Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Cold Chain Monitoring Market - Competitive Landscape |
10.1 India Cold Chain Monitoring Market Revenue Share, By Companies, 2024 |
10.2 India Cold Chain Monitoring Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |