The cold chain market is estimated to account for revenue of 189.92 Billion in 2018, and is projected to grow at a CAGR of 7.6% to reach a value of USD 293.27 Billion by 2023. The rise in consumer demand for perishable foods, growth of international trade due to trade liberalization, and expansion of food retail chains by multinationals are the factors driving the market. Government support for infrastructural development fuels the demand in the cold chain industry.