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Refrigerated Sea Transport Containers Market Outlook to 2020 - Hapag Llyod, K-Line, NYK Line, Kling Corporation, China Shipping Containers Line Co. Ltd, CMS CGM S.A., and Hanjin Shipping Co

01-25-2019 12:15 PM CET | Logistics & Transport

Press release from: The Insight Partners

Refrigerated Sea Transport Containers Market

Refrigerated Sea Transport Containers Market

Refrigerated Sea Transport Containers Market research report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Poter's five forces analysis.

Global Refrigerated Sea Transport Containers Market Volume is estimated to be 2.50 MTEU in 2014 and is expected to reach 3.46 MTEU by 2020

The increasingly refined reefer solutions are overcoming the crucial challenges in shipping of perishables over long distances. The new and advanced technologies play a significant role to ensure that the perishable commodities reach fresh and at the desired destinations and also, should fulfil the strict import protocols that differ from countries to countries.

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The key players profiled in Refrigerated Sea Transport Containers Market report include ZIM Integrated Shipping Services Ltd., Hapag Llyod, K-Line, NYK Line, Kling Corporation, China Shipping Containers Line Co. Ltd, CMS CGM S.A., Hanjin Shipping Co., Ltd and others.

Some of the key driving factors such as changing consumer food preferences, advancing technologies in sea transportation and container modernizations are paving the path for growing demand for refrigerated containers.

The Refrigerated Sea Transport Containers Market is expected to reach US$ 3.25 Billion in 2020 from US$ 2.13 Billion in 2015 with a CAGR of 8.8%.

Marine transportation is one the most essential part of the global economy. There is a need for global transportation for distribution of goods worldwide owing to increasing consumers demand for goods and services that are not available locally. Globalization has significantly influenced the food systems across the world. The world has now greater accessibility, availability and diversity of food attributed by factors such as increasing income of the people, changing lifestyle, trade liberalization, urbanization, foreign direct investments and markets integration.

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Asia pacific led the global Refrigerated Sea Transport Containers since long time due to high production of commodities and supply chain across regions in the world. China being one of the key countries in ship building and exporting business has contributes more than 40% to the APAC market. In past one decade South America has been experiencing highest demands for reefer container due to increasing exports of goods and commodities to countries in North America and Europe. Major companies are expected to invest in the growing South American region in coming five years.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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Email: sales@theinsightpartners.com

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