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Insulated shipping containers Market size and forecast, 2017-2025
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Global Insulated shipping containers Market: Drivers & Restraints
Growth in demand for insulated shipping containers is anticipated to grow strongly over the forecast period for several reasons. The increase of commodity trade in developed as well as developing nations is expected to drive the demand for insulated shipping containers across the globe. One major factor that contributes towards the demand of for insulated shipping containers is expanded use of higher value, larger size containers that offer improved performance and are economical shipping solutions than other containers with shorter service capability. However, higher initial cost and lack of product awareness among manufacturers are likely to be some of the restraining factors towards the growth of the insulated shipping containers market. Additionally, competition from flexible insulated packaging solutions which are considerably less expensive than rigid insulated shipping containers is another major challenge towards the growth of the global insulated shipping containers market.
Global Insulated shipping containers Market: Segmentation
The global insulated shipping containers market is segmented as follows
On the basis of type, the insulated shipping containers market is segmented into:
Non-Operational (NOR) Refrigerated Containers
Insulated Purpose-Built Shipping Containers
On the basis of material type, the insulated shipping containers market is segmented into:
Steel
Timber
On the basis of size of containers, the insulated shipping containers market is segmented into:
20 foot Containers
40 foot Containers
On the basis applications, the insulated shipping containers market is segmented into:
Chemicals
Pharmaceuticals
Food & Beverages
Automotive
Consumer Goods
Others
Global Insulated shipping containers Market: Segmentation Overview
Insulated shipping containers are in high demand for bulk shipping of goods across the globe. Based on the material type, insulated containers made stainless steel are expected to dominate the insulated shipping containers market over the forecast period. Insulated shipping containers are used for shipping goods such as chemicals, pharmaceuticals and some packaged goods which need to avoid extreme temperature fluctuations.
Global Insulated shipping containers Market: Regional Overview
Geographically, the insulated shipping containers market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
The global insulated shipping containers market is projected to grow at a double digit CAGR throughout the forecast period. North America and European countries are likely showing a steady rate of growth over the forecast period as the insulated shipping containers market is well established in this region. Asia-Pacific region is estimated to be the most lucrative marketplace for the growth of insulated shipping containers due to rise in end use shipping applications in the region over the forecast period. China is estimated to bag the largest share in the insulated shipping containers market followed by India in Asia Pacific region, and market in this developing economies expected to witness sharp growth in the near future. Likewise, with the growing chemical & pharmaceuticals industry, the Latin America and MEA regions are likely to create opportunities for the insulated shipping containers manufacturers over the forecast period.
Global Insulated shipping containers Market: Key Payers
Some of the key players that operate in the insulated shipping containers market across the globe are Gateway Container International Limited Company, Port Containers LLC., and Containers Direct Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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