Global Market Demand for Multi-Commodities Cold Storage
It is a combination of temperature controlled surface transport and supply chain. The firm is poised for unprecedented development over the preplanning period owing to growing organized retail segment in the emerging economies. In India cold chain storage logistic has traditionally been focused on a Single commodity with a high presence of fragmented unorganised player in both warehousing and transportation. There has been an essential need to upgrade existing cold storage plant and machinery. In the development food processing value chain is other issue that needs to be resolved. Now 68% of the existing cold capacity is used for storing potato and yet farmers are not getting the real price. The condition in other commodities no better. It forecast is based on end use industry and region. Based on end use firm the market is categorised into fruits and vegetables, bakery, and confectionary, diary and frozen dossert, meat, fish and others. The market is observed across North America, Europe, Asia Pacific, and LAMEA, based on the region. Element such as rising in number of refrigerated warehouses, processed foods segment are esteemed to drive the development of cold chain logistics trend. This also open growth avenue for firm participants to innovate unique solution or leverage alternative power sources that can be overcome such issues.
Related Projects: – Cold storage, Controlled Atmosphere Storage,
THE KEY DEVELOPMENT DRIVERS:
Rising Up the Middle Class:
The cold chain firm in India remains undeserved and presence large potential in terms of expansion. Due to the firm is estimated to log a CAGR of 13 to 15 per cent in the five fiscal through 2022 compared with 11_13 percent in the previous 5. Commenting on the key development drivers Khanna said the Indian market is on the cusp of a revolutionary change with an expansion of middle class and effluence coming into the middle class.
RISING THE AWARENESS ABOUT AGRI-LOGISTICS:
India is one of the biggest producers of the agricultural produced and has abundant Supply base of various produce. There is a rising awareness of that Agri logistics required to develop with a delivery bias to link with demand across region and not merely as a buffer against local demand.
ORGANIZED PLAYERS ARE PREFERRED:
Rising demand of processed foods led by increase in disposable income and lack of time available for cooking. Sheshadri of future supply chain solutions believe that the key development drivers include the development in the organised retail market.
DEVELOPMENT IN EXPORT TO DRIVE DEMAND:
Export is also a key focus area for cold chain services. Indian export processed food including fresh and processed fruit. And vegetables. Meat products and cereals which are the main user of cold storage facility. Development in export of these segment will further a drive the demand of cold chain services.
Due to Sheshadri, subsidy scheme provided by the government are facilitating investment in cold chain facilities. Khanna ads stimulus giving by the public segment schemes through technical and financial assistance in another embodiment driver giving leverage.
FAST FOOD STORAGE ON GROWTH:
Swarp from federation of cold storage, Association of India informs that more cold storage are commenting up to store products below centigrade specially there is a rapid increased form The storage of fast food.
SCOPE OF THE COLD CHAIN IN INDIA:
- Fund flow from investment activities
- Shift Towards multi commodity facilities
- Increased production of perishable quality goods.
TOP IMPACTING FACTORS;
- It helps to increase in refrigerated warehouses.
- It helps to growth in pharmaceutical
- It difficult to minimise their operational cost.
- The lack of standard and accreditation process significant challenges to the cold chain logistics firm.
For More Details, Click Here:- https://www.niir.org/blog/