Smart Container Market worth $11.29 Billion by 2027, growing with a CAGR of 20.8% from 2019 to 2027

Smart Container Market to 2027 - Global Analysis and forecast is a specialized and in-depth study of the Smart Container industry with a focus on the global market trend. The report provides an overview of global Smart Container Market with detailed market segmentation by product/application and regions. The global Smart Container Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the key players and offers key trends and opportunities in the market.

The smart container market was valued at US$ 2.14 Bn in 2018 and is expected to grow at a CAGR of 20.8% from 2019 to 2027 to reach US$ 11.29 Bn by 2027.

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The Smart Container Market report give a 360-degree holistic view of the market and highlights the key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. In addition, the report also provides profiles of major companies along with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Company Profiles

- Ambrosus
- Zillionsource Technologies
- Smart Containers Group AG
- Globe Tracker, APS
- Nexxoit AG
- Orbcomm
- Hapag-Lloyd
- Philips Connect Technologies
- Traxens
- A.P. Mller - Mrsk A/S

Automotive, agriculture, food & beverage, consumer electronics, oil & gas, healthcare, and chemicals, among others, are some of the major users of smart containers globally. Domestic and overseas trade of goods such as consumer goods, oil, food items, drugs & medicines, and many more owing to rising customers demand from diversified industries. In the food industry, demand for processed, semi-processed, frozen, and organic food products is high globally. In pharmaceutical, the transportation of drugs is increasing owing to initiatives regarding drug discovery. Similarly, in the oil & gas industry, the trade business of oil is on an increase across the world.

With rising global trade and complexities in the supply ecosystem, the need for the advanced smart container is rising. Demand for connected, modular, and flexible would assist in enhancing the process efficiency and will facilitate shipment visibility and monitoring. With escalating city delivery volumes, the smaller containers and innovative packaging have the potential to standardize urban logistics. Improved materials, advancement in automation aid the development and commercialization of efficient & sustainable supply chains. The application of next-generation IoT solutions in packaging will transform visibility, traceability, and security.

North America is the prominent region in the location intelligence market. On the other hand, Asia Pacific is anticipated to be the fastest-growing region in terms of CAGR during the forecast period from 2019 - 2027. Based on industry vertical, food & beverage holds a highest market share in 2018, whereas, pharmaceutical is anticipated to be the fastest growing industry vertical in the smart container market.

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Report Spotlights
o Progressive industry trends in the global smart container market to help players develop effective long-term strategies
o Business growth strategies adopted by developed and developing markets
o Quantitative analysis of the smart container market from 2017 to 2027
o Estimation of smart container market demand across various industries
o PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
o Recent developments to understand the competitive market scenario and smart container market demand
o Market trends and outlook coupled with factors driving and restraining the growth of the smart container market
o Decision-making process by understanding strategies that underpin commercial interest with regard to smart container market growth
o Smart container market size at various nodes of market
o Detailed overview and segmentation of the global smart container market, as well as its dynamics in the industry
o Smart container market size in various regions with promising growth opportunities

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This release was published on openPR.