“Fueled by increasing agricultural production levels and support from Government, Indian Agricultural Cold Storage Industry promises a bright scope in the long term”.
Being
an agrarian state, agriculture is a widely spoken subject in India. Around 58%
of population is dependent on agriculture for its livelihood and agriculture
contributes ~18-20% to annual GDP of the country. With ~60 soil types of the
world, 1,284 mm of annual rainfall, 60+ agriculture export zones, India is
poised as a leading producer of agriculture and horticulture produce among its global
peers. Moreover, it is pertinent for an agrarian country to possess the right
quantity and type of post-harvest management infrastructure to improve
accessibility of produce to consumers and avoid wastages and economic
losses. An estimate shows that India
incurs an annual loss of INR
90,000-100,000 crores every year in wastage of agricultural and
horticulture produce owing to poor post-harvest management policies, with 35-50% such economic loss is incurred
due to lack of required cold chain infrastructure at farm-gate and hub level.
Cold
chain infrastructure includes integrated pack-houses (located near to farm-gate
and used for sorting, grading, packing and pre-cooling of produce), cold
storage units (for cooling produce as per scientifically recommended
temperatures) and reefer transport (for transportation of produce to different
distribution hubs). Not only cold chain infrastructure helps in increasing the
shelf life of produce, it also minimizes post-harvest losses, ensure better
price discovery to farmers and acts as an enabler to food processing sector by
assuring streamlined supply in off-seasons of crops.
India
had a total cold storage capacity of 32 Mn MT in 2015 (against the requirement
of 35 Mn MT, as per study by NCCD and NABCON) and has augmented capacity
considerably to 37.4 Mn MT in 2020 with further capacity addition of 6.5 Mn MT
expected by 2025. The strong government support in the form of subsidies,
financial grants of upto 50% capex coupled with growth in end-user industries
of diary & food processing, surging exports of fruits and vegetables and
prevalent inefficiencies at grass-root level has intrigued firms to enter this
space.
Further,
the past decade has also witnessed the entry of many Agri-tech startups
focusing on solving industry problems including lack of irregular electricity
supply, fixed structures of cold storages and some sector specific challenges
as well. The below tables provide a snapshot of few start-ups working in this
direction.
Analysts
at Ken Research believe that such challenges and risks are short-term in nature
and a robust positioning focused on gaining value chain ownership emanating
from strong partnerships within ecosystem could yield sound results for firms
in the long-term.
Key Topics Covered in the Report: -
Snapshot
of Agriculture in India (State wise Production statistics of Cereals,
Horticulture, Meat, Livestock and Poultry)
Situation
of Farmers in India (Profile of Farmer, Role in Value Chain, Problems and
Issues faced in storage of produce)
Overview
and Segmentation of Cold Storage Units (By Storage Temperature, Technology,
Regional & State wise Distribution)
Demand
side and Supply side Indicators of Cold Storage Solutions
Growth
Drivers and Challenges to growth of Cold Storage Industry
Cold
Storage Demand-Supply Profile of Key States – Uttar Pradesh, West Bengal,
Gujarat, Punjab and Andhra Pradesh, Maharashtra, J&K and Himachal Pradesh
Trends
and Developments
Union
and State Government Support to Cold Storage Sector
Impact
of COVID-19 and Future Outlook of Industry
Business
Attractiveness at Farm gate level
Recommendations
for operating Sustainable Business
For More Information, refer
to below link: -
India
Agricultural Cold Storage Industry
Related
Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head
Marketing & Communications
+91-9015378249
