PUBLISHER: Allied Market Research | PRODUCT CODE: 1414809
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414809
The Reefer Container Market is expected to experience a significant growth rate of 7.5% from 2023-2032 owing to the growing demand for fresh and frozen food - Allied Market Research
Similarly, a North American company, American seafood is a seafood corporation which specializes in the processing and harvesting of seafood. The company process seafood such as crabs, fish, shrimp, crustaceans. The company is predominantly active in the North Pacific Ocean, their operations are global in scope, with a focus on selling high-quality seafood products to consumers worldwide. It uses reefer containers to carry their perishable fish items throughout their operations. During long-distance exports, these containers are critical for maintaining the proper temperature and keeping the freshness of the seafood. American Seafoods exports their Alaskan king crab to markets in Asia. In Asian market the company sells king crabs, after the king crabs are caught and processed, they are carefully packed into reefer containers. These containers are equipped with advanced cooling systems that maintain the necessary low temperatures to keep the crabs fresh and maintain their quality during transit.
Reefer containers are essential to the pharmaceutical industry because they allow for the careful control of temperature, which is necessary to preserve the integrity of drugs and vaccines. These containers are beneficial to the floral business as well since they prolong the life of fragile flowers while they are in transportation. Additionally, reefer containers are essential for the transportation of chemicals, particularly those that are sensitive or dangerous and need to be kept at a certain temperature. Reefer containers can be transported by shipping, where they are loaded onto container ships that maintain the necessary temperature of the cargo during the maritime journey. Trucks can also be used to move reefer containers over shorter distances. Goods that are transported in trucks that have temperature control systems installed ensure that their quality is maintained throughout transit. Overall, the transfer of temperature-sensitive commodities across industries has been revolutionized by reefer containers, which allow for the reliable and effective transportation of goods without compromising their integrity.
Many companies such as Hapag-Lloyd AG, and ZIM Integrated Shipping Services Ltd.are upgrading their reefer containers with monitoring systems and are expected to install internet of things (IoT) and other smart technology. IoT enables real-time tracking, remote monitoring, and data collection from various sensors embedded in the reefer containers. These sensors can measure and transmit crucial information such as temperature, humidity, air quality, and container location. By leveraging IoT in reefer containers, several benefits are achieved. IoT enables remote monitoring of reefer containers, allowing stakeholders to track and manage container conditions in real-time. This ensures that perishable goods, such as food, pharmaceuticals, or other temperature-sensitive products, are maintained within the required temperature range throughout the journey.
Factors such as growing demand for fresh and frozen food and expansion of international trade supplement the growth of the reefer container market. However, high capital investment and operational complexities are expected to hamper the growth of the reefer container market. In addition, advancement in cold chain technologies and integration of other Technology creates lucrative opportunities for the key players operating in the reefer container market.
The reefer container market is segmented into by size, industry, mode of transportation, and by region. By size, the market is classified into below less than 20 feet, 20-40 feet, and above 40 feet. By industry, the market is classified into food & beverage, healthcare, chemicals, and others. By mode of transportation the market is classified into by railways, by roadways, and by sea. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players in the reefer container market include A.P. Moller - Maersk, Daikin Industries, China International Marine Containers Co. Ltd, Singamas Container Holdings Ltd., Ocean Network Express Pte. Ltd., ZIM Integrated shipping services, Hapag-Lloyd AG, MSC Mediterranean Shipping Company S.A., CMA CGM Group, SeaCube Containers LLC.
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