Covid-19 vaccine to help cold chain market jump 17% to Rs 1.

Covid-19 vaccine to help cold chain market jump 17% to Rs 1.7 trn in CY21


An increase in demand for cold storage solutions from pharma and other segments is expected to help the Indian cold chain market to post a 17 per cent growth in 2021 to Rs 1.7 trillion, according to market research firm IMARC Services. In addition to the demand for cold storage to house Covid-19 vaccines, cold chain service providers and logistics players are witnessing a surge in demand from pharma and allied industries.
Growth next year comes on the back of robust 16 per cent estimated annual growth over the last five years (2015-2020) with volume growth in the period pegged at 4.4 per cent. By the end of 2020, the cold chain market is expected to have a volume capacity of about 41 million tonnes.

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