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Shipping Containers Market Trends

Report ID: GMI8872
Published Date: Apr 2024
Report Format: PDF

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Shipping Containers Market Trends

The shipping container industry is propelled by the rising trend towards eco-friendly solutions and specialized containers. Growing environmental consciousness fuels the demand for containers made from sustainable materials, reducing carbon footprints. Simultaneously, industries' need for specialized containers, such as reefers for perishable goods or flat racks for oversized cargo, reflects evolving logistics demands. These dual trends drive innovation and cater to the diverse needs of a dynamic global shipping industry.

For instance, in April 2023, AELER introduced its latest sustainable smart container, Unit One, the first of its kind made from composite materials. This innovative design boasts increased strength, insulation, and intelligence. With this enhancement, Unit One's capacity equals that of eight AELER containers, compared to the typical requirement of 10 regular containers.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of shipping containers reached USD 10.2 billion in 2023 and is set to witness 3.5% CAGR between 2024 and 2032, led by technological advancements and intermodal connectivity.

The large containers segment accounted for 50% of the market share in 2023 and is poised to reach USD 6.5 billion by 2032, as these containers transport vast quantities of goods worldwide, from consumer products to industrial equipment.

Asia Pacific market accounted for a 49% revenue share in 2023, driven by robust economic growth and strategic geographical advantages.

Almar Container Group, CARU Containers BV, China International Marine Containers Co. Ltd, China Shipping Container Lines, Evergreen Marine Corporation, Ritveyraaj Cargo Shipping Containers, Sea Box Inc, Singamas Container Holdings Limited, Triton International Limited and W&K Container Inc.