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

Growth next year comes on the back of robust 16% estimated annual growth over past five years with volume growth in the period pegged at 4.4%

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