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Shipping Containers Market (Container Size - Small Container, Large Container, and High Cube Container; Product Type - Dry Storage Container, Flat Rack Container, Refrigerated Container, and Others; End User - Food & Beverages, Consumer Goods, Healthcare, Industrial Products, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : CGP00166

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on the shipping containers market provides in-depth analysis of segments and sub-segments in the global as well as regional shipping containers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional shipping containers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global shipping containers market. According to the report, the global shipping containers market is projected to grow at a CAGR of 11.38% over the forecast period of 2021-2027. The shipping containers market growing from USD 7.13 billion in 2021 to USD 13.6 billion in 2027.

 

Market Insight

A shipping container is a container with its strength suitable to withstand shipment, storage, and handling. Shipping containers range from large reusable steel boxes used for intermodal shipments to corrugated boxes. These containers are an integral part of the shipping industry, trade, and transport. These containers are designed and manufactured in such a way that they can store various kinds of products that are to be shipped from one part of the world to another using different types of vessels. There are different types of containers used for transportation such as Double doors containers, Open side storage containers, Flat rack containers, Dry storage containers, Cargo storage roll containers, etc. These containers offer different specifications and help the products from being damaged. Depending upon the cargo, the type of container will vary slightly from shipment to shipment

 

The rising popularity of e-commerce as sales channels across the globe is expected to increase the demand for consumer goods and therefore, will drive the market growth in the forecasting period. Perishable food items and beverages get spoil quickly if exposed to extreme temperatures so such products need to be handled carefully without damaging the products. Therefore, the use of reefer containers plays a vital role during the transportation of such food items and beverages. The trend of automation in marine transportation provides growth opportunities for various players in the shipping containers market. Automation advances and large firms' demonstrations of autonomous ships have empowered a number of governments to join forces to build automated vessels for passenger and cargo transportation, concluding in the shipping industry's expansion. As these vessels take a longer duration to reach their destination which could be a challenging factor for its market growth

 

Among the regions, Asia Pacific accounted for the largest share in the global shipping containers market. Owing to the presence of key market players in container manufacturing and the region is majorly surrounded by the coastline. Moreover, the increasing government initiatives and expansion in untapped markets of Asia-Pacific such as India and Indonesia can create various opportunities for the growth of the market in the future. However, the Europe region is anticipated to grow with the highest rate in the global shipping containers market over the forecast period. As this region is highly dependent on seaborne trade with the rest of the world and within European countries. Around 75% of goods are imported and exported via  sea routes


Shipping Containers Market

 

Segment Covered

The report on the global shipping containers market covers segments such as container size, product type, and end user. On the basis of container size, the sub-markets include small containers, large containers, and high cube containers. On the basis of product type, the sub-markets include dry storage containers, flat rack containers, refrigerated containers, and others. On the basis of end user, the sub-markets include food & beverages, consumer goods, healthcare, industrial products, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Maersk Group, China International Marine Containers, COSCO SHIPPING Development Co. Ltd, CXIC Group, Singamas Container Holdings Limited, TLS Offshore Containers, YMC Container Solutions, CARU Containers, OEG OFFSHORE LIMITED, and W&K Containers, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the shipping containers market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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