By Swarup Bose, Co-Founder and CEO, Celcius
“2021 provided the cold chain industry with the opportunity to grow at a significantly high rate. The APAC cold chain market is predicted to be valued at US$254.90 Billion by 2026 and the Indian cold chain market is predicted to grow 20% each year until 2025. This rapid transformation has enabled cold chain entities to expand their services and to invest in advanced cold chain technologies. In 2022, much of the industry’s efforts and resources will continue to go towards facilitating safe and successful vaccination drives across the country. This will further nudge cold chain businesses to adopt a technology-forward approach, enabling a wider reach of vaccines and other cold chain products across the country.
Steady growth of the industry will also invite more investments towards the segment which could go towards curbing shortage of infrastructure like reefer trucks, cold storage units, and GDP compliant warehouses. The industry could also look into investing in electric vehicles and venturing further in imports and exports to operate on an international level if investments continue to trickle in. At Celcius, we are looking to expand our cold chain network on a larger scale in 2022 and we look forward to teaming up with budding entrepreneurs looking to venture into the cold supply chain sector.”