shipping containers cold storage construction industry

UNCTAD predicted global trade to expand by 23% from 2020 to approximately USD 28 trillion in 2021.

Despite these setbacks, world trade rose to record levels in 2021.

Report scope can be customized per your requirements. The report offers market size and forecasts in values (USD billion) for all the above segments. The Shipping Containers Market is Segmented by Size (Small Container (20 Feet), Large Container (40 Feet), and High Cube Container), Type (Dry Storage Container, Refrigerated Container, and Tank Container), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). A complete background analysis of the Shipping Containers Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for critical segments, emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is included in the report. These containers facilitate the transport of goods via land- and sea-borne transportation involving ships, rails, and trucks. Shipping containers are used to transport and carriage goods without the need for unloading and reloading at intermediate points.

The Mediterranean Shipping Company has entered the cruise ship business after purchasing 12 new ships. Shipping companies like Maersk and CMA CGM are growing their fleets and purchasing aircraft fleets.

For example, CMA CGM has strengthened its position in the Baltic region by purchasing ten ice-breaking cargo ships.This is a big move to address the threats from the competition and the issues facing the sector. For fleet expansion, shipping firms invest in new and used boats. Purchasing new ships is the simplest option for shipping corporations to address the space problem.Additionally, a 30% reduction in container shipping costs is anticipated over the next few months. According to experts, the demand and supply balance in the container market will remain constant through at least the middle of 2022. Although maritime freight costs have dropped recently, they are still almost ten times more than before the pandemic.Additionally, it is anticipated that port congestion will return to normal in the upcoming period.

This is owing to the delayed revival of the maritime shipping sector and the backlogs from previous year. It is anticipated that by post-pandemic, international container exports will increase by 2-3%. As per reports, with the pandemic's reduction, the shipping environment should become more steady than during 2019-2021.The size of Shipping Containers market is USD 9.25 billion in the current year and is anticipated to register a CAGR of over 4% during the forecast period.

Shipping containers cold storage construction industry