The publication titled ‘Agricultural Cold Storage Industry of India’ depicts the snapshot of agriculture in India with core focus on identifying problems at the post-harvest management processes which costs around INR XX Billion (in economic value losses) per annum. Analysts have mapped out the landscape of cold storage industry, skewness in capacity concentration at certain regions, growth drivers, opportunities and challenges restraining the growth till full potential.
Overview of Cold Storage Industry
While the capacity of cold storage solutions has improved considerably at an aggregate level (XX Mn MT in 2020), there is a lack of cold chain infrastructure at farm-gate and transportation level. Snapshots on cold storage solutions of top 5 capacity states – Uttar Pradesh, West Bengal, Gujarat, Punjab and Andhra Pradesh and certain select states – Maharashtra, J&K & Himachal Pradesh, further indicate the inefficiencies as a single commodity storage unit and emphasize on lack of modern technology (controlled atmosphere, pre-conditioning rooms) of such units.
Drivers and Impediments to growth
While growing food processing industry, rising urbanization and shift in cropping patterns to horticulture are key growth drivers for uptake in demand for cold storage solutions; challenges such as inadequate capacity for multi-storage, high opex, long gestation period & small unorganized players hinder the growth of industry. At a generic level, it takes 5+ years for a cold storage operator to break even with an initial investment of INR XX Mn to set up a unit of XX MT capacity.
Active Participation by Union and State Government
Being a capital-intensive business directly impacting 100 Mn+ farming households, Government of India along with state governments have taken pertinent steps to improve the ‘capacity availability’ situation of cold storage units via various schemes. These schemes include PM Kisan Sampada Yojana, Mission for Integrated Development of Horticulture, establishment of NCDC, schemes by APEDA for registered exporters, Capital Investment Subsidy Scheme for Horticulture, Agricultural Marketing Infrastructure Scheme, and Agri-reform laws – The Farmers’ Produce Trade and Commerce (Promotion and Facilitation, Essential Commodities Act (Amendment) and The Farmers Agreement of Price Assurance and Farm Services Act. As on 31st January 2021, XX cold storage projects (XX completed and XX on-going) were operational in various parts of India with Maharashtra having XX projects in pipeline.
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A Promising Future Outlook
With maturing Agri-tech ecosystem, increasing traction from start-ups solving farm gate challenges and adoption of technological developments; analysts at Ken Research estimate an addition of XX Mn MT capacity in next five years with an aggregate capacity of XX Mn MT by 2025. The report concludes with highlighting attractiveness of opportunities at farm-gate level coupled with mitigation of short-term challenges which could result in a sound business model emanating from synergies in value chain ownership.
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
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Ankur Gupta, Head Marketing & Communications
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