October 22, 2021
According to the research report titled “Global Carrier Containers Market Size study, by Container Size (Small Container, Large Container and High Cube Container), by End-Use (Food & Beverages, Consumer Goods, Healthcare, and Others) and Regional Forecasts 2021-2027”, available with MarketStudyReport, global carrier containers market is expected to grow at a robust rate during the forecast period 2021-2027.
Increasing seaborne trade activities is driving global carrier containers market growth. In fact, United Nations Conference on Trade and Development claims that the total goods loaded worldwide through sea saw a significant increase from 10.3 billion tons in 2016 to 11.1 billion tons in 2019.
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Furthermore, rise in the number carrier services for promoting international trade is accelerating the industry expansion. Taking an example, OOCL introduced a new rail-sea multimodal container service in August 2021 between China to east coast of U.S.
Escalating demand for consumer & industrial goods, expansion of durable packaging sector, growing cross-border trade, and favorable government initiatives to support rising goods production are expected to create opportunities over the forecast period. However, trade disputes between countries may hamper the expansion.
The research literature makes inclusion of data from the past few years to help stakeholders better understand the market and to help the authors of the report predict the future size, scope, and growth rate for the same.
From regional perspective, global carrier containers industry size spans across Latin America, Asia Pacific, North America and Europe. Experts cite that Asia-Pacific industry holds a coveted position and is anticipated to exhibit robust CAGR over assessment period owing to continual industrialization, infrastructure modernization, supportive government regulations relating to product manufacturing, and availability of affordable raw materials & labor in the region.
Considering competitive landscape, A.P. Moller – Maersk, DHL International GmbH, Yang Ming Marine Transport Corporation, Mitsui O.S.K. Lines, Evergreen Marine Corp. (Taiwan) Ltd., Ocean Network Express Holdings, Ltd., CMA CGM Group, MSC Mediterranean Shipping Company S.A., Panalpina World Transport (Holding) Ltd., and Pacific International Lines Pte Ltd. are the major players influencing global carrier containers market trends.