Report Code: A08911 | Pages: NA | Apr 2023 | 2736 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Container Market
Request Now !The rising globalization and industrialization have paved the way for the container market. A container is a closed steel box packaging mechanism which is used across different application. The primary use of containers is to store and transport materials and products efficiently and with safety. Moreover, the containers are widely available in different size according to the end application. The containers are engineered to withstand the stresses of shipping to facilitate handling of material. The material used for container is usually aluminum or steel due to its high strength properties. Increase of sea borne trade and growth of e-commerce sector is favoring the demand for container market.Â
COVID-19 scenario analysis:Â
Rise in trade activities and development of supply chain and logistics sector is primarily driving the container market. Additionally, increasing trend for containerization of goods for enhanced security is propelling the demand for container market. Besides, advancements in containers according to the demanding application from various sector is proliferating the container market growth. Moreover, rising need of container to transport vehicles is fueling the container market. However, fluctuation in transportation cost and introduction of more efficient packaging solutions at cheaper costs is restraining the container market. Furthermore, expansion of production facilities is bolstering the container market growth.Â
The container market trends are as follows:
The rising demand for container manufacturing industry is increasing with expansion of trade activities. As a result, the need for innovation is a necessity to fulfil the demand from various sectors. Additionally, introduction in IoT and outline of industry 4.0 has brought revolutionary changes in container segment. The manufacturers are thereby developing various platforms for fulfilling these demands. For instance, in 2017, Arviem launched real-time container monitoring and tracking services. Accordingly, improvement in security is essential in container. To fulfil the security needs, Princeton Identity created a multi-biometric access control system for container in 2018.Â
A refrigerated container is an enclosed unit engineered to transport goods at specific temperatures.  The container needs external power for operation. They look almost identical to regular containers but function as large refrigerators that can control the temperature of their goods. The development of global supply chain and growth of cold chain logistics is primarily driving the market of refrigerated containers. In 2020, Maersk delivered 1,800 empty refrigerated 40-foot containers to South Africa to support the nation’s agricultural sector.
Key benefits of the report:
Questions answered in the container market research report:
Container Market Report Highlights
Aspects | Details |
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By Container size |
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By Product Type |
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By End use |
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By Region |
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Key Market Players | CIMC, W&K Container Inc, Daikin Industries, Maersk Container Industry, TLS Offshore Containers International, YMC Container Solutions, DCM Hyundai, Singamas, CXIC, CEC |
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