This article compiles international cold chain news from various sources, showcasing innovative business models and providing valuable market insights for the industry.
India’s Cold Chain Warehousing Thrives to Meet Fresh Fruit Demand
Driven by healthier lifestyles and rising incomes, demand for fresh imported fruits in India is surging. To meet this growing demand and mitigate disruptions caused by COVID-19, the cold chain sector is doubling down on investments to expand refrigerated infrastructure for efficient distribution and long-term sustainability.
According to a report by the International Market Analysis Research and Consulting Group (IMARC), the Indian cold chain market was valued at ₹1,814.9 billion in 2022 and is expected to reach ₹3,798.7 billion by 2028, with a compound annual growth rate (CAGR) of 12.3%. Government incentives, including funding for cold chain projects and support for cold storage construction, have spurred significant investment in modern, efficient supply chains.
A partnership between IG International, a leading fresh fruit importer, and Horizon Industrial Parks highlights this growth. They have established a state-of-the-art facility in Hosur, Tamil Nadu, featuring energy-efficient solar panels and advanced cold storage rooms. The facility spans 88,000 square feet, ensuring seamless logistics for fresh fruit distribution.
New Zealand’s Hamilton Coolstore Wins Industrial Property Awards
The Hamilton Coolstore, part of Maersk Group, received the CBRE Industrial Property Award for Excellence at New Zealand’s Real Estate Institute annual awards. The facility, located at the Ruakura Superhub, features sustainable design elements and supports large-scale cold storage with a capacity for 21,000 pallets. This infrastructure investment aims to streamline the supply chain, connecting inland ports with key hubs like Auckland and Tauranga.
Australia Faces Growing Demand for Cold Chain Warehouses
Australia’s growing population has fueled demand for cold storage facilities, essential for fresh produce, frozen goods, and pharmaceuticals. With urban per capita cold storage capacity lagging behind countries like the U.S. and the Netherlands, significant investments are needed. New projects, such as a 43,500-square-meter warehouse for HelloFresh in Sydney, are underway to address the gap.
DP World Expands Cold Chain in Goa, India
DP World launched a cold storage facility in Goa, India, featuring 2,620 pallet positions. Strategically located near key transport hubs, this facility aims to enhance regional supply chains for chemicals and healthcare products.
CJ Logistics to Open Cold Chain Center in U.S. Midwest
South Korea’s CJ Logistics will establish a cold chain center in New Century, Kansas, set to open in Q3 2025. Designed to handle refrigerated and frozen products, the facility will enable 85% of the U.S. to be reached within two days, improving supply chain efficiency for major clients like Upfield.
Conclusion
The Asia-Pacific cold chain market is undergoing rapid expansion, driven by technological advancements, strategic partnerships, and rising consumer demand. As governments and businesses invest in infrastructure, the region is poised to lead the way in innovative and sustainable cold chain solutions.
Post time: Nov-12-2024