September 11, 2023
3 min

Energizing India's Economy: Cold Chain Logistics Industry Gains ... - GlobeNewswire

The India Cold Chain Logistics Market is expected to grow from USD 9.75 billion in 2023 to USD 12.85 billion by 2028, at a CAGR of 5.67% during the forecast period. The rising demand for perishable goods and the shift in consumer behavior towards e-commerce and online shopping of pharmaceuticals are driving the market. The Indian government is actively supporting the development of the cold chain industry. The sector plays a crucial role in reducing food and agricultural product losses, which currently amount to between USD 8 and USD 15 billion annually. Additionally, the rising demand for processed foods is driving the growth of the perishable goods transportation market.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry