According to the research report titled ‘Global Refrigerated ISO Containers Market Size study, by Type (Refrigerated Container, High Cube Refrigerated Container), Transport Mode (Road, Rail, Marine), Application (Food Transport, Consumer Goods Transport, Industrial Transport) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global refrigerated ISO containers market is expected to show significant growth during the period 2021-2027.
 

Increase in seaborne trade coupled with the demand for standardization of containers due to imposition of government regulations for emissions and environment-friendly products are driving the growth of global refrigerated ISO containers market.  
 

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For the unaware, refrigerated ISO containers are called reefers. They are intermodal containers that are internationally recognized and used in freight transport of perishable goods requiring refrigeration.
 

Moreover, high demand for consumer goods, steady expansion of the packaging sector, rise in international trade as well as in production of perishable goods are further accelerating the industry development. 
 

Despite the positive outlook, fluctuations in the prices of raw materials and major trade conflicts between countries are likely to hamper market remuneration scope in the forthcoming years. 
 

Based on type, worldwide refrigerated ISO containers industry is categorized into high cube refrigerated container and refrigerated container. In terms of transport mode, the market is divided into rail, marine, and road. 
 

Concerning application spectrum, the industry classification comprises industrial transport, consumer goods transport, and food transport. 
 

From a regional standpoint, the research literature covers regions including North America, Europe, Asia Pacific and Latin America. Among these, Asia Pacific market accounted for a major market share in the year 2020 and is poised to grow exponentially during the period 2021-2027. This can be attributed to factors such as fast paced industrialization, ease of access to sea trade, supportive government rules & regulations regarding manufacturing, and modernization of infrastructure across the region. 
 

The competitive landscape of global refrigerated ISO containers market is defined by companies such as Insulated Products Corporation, Polar Tech Industries, Inc., Aircontainer Package System Sweden AB, Softbox Systems Ltd., Coldpack, Isonova Technologies LLC, Tecnisample S.L., AccsA'tech, Isovation, and The Wool Packaging Company Ltd. (Woolcool) among others.