Global Refrigerated Sea Transport Containers Market Volume is estimated to be 2.50 MTEU in 2014 and is expected to reach 3.46 MTEU by 2020
The Refrigerated Sea Transport Containers Market is expected to reach US$ 3.25 Billion in 2020 from US$ 2.13 Billion in 2015 with a CAGR of 8.8%.
(EMAILWIRE.COM, April 20, 2018 ) Refrigerated Sea Transport Containerization deals with import and export of fresh foods, meat, flowers, pharmaceuticals, etc., between different regions across the globe. The growing demand for these commodities have set new dimension to the refrigerated transportation industry. As Sea transport being one of the economical and convenient mode of trade between nations and have been followed since decades, Refrigerated Sea Transport Containers is expected to grow in terms of container volumes through the forecast period.
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The overall market volume is expected to grow from 2.35 MTEU in 2014 to 3.46 M TEU in 2020 with a CAGR of 6.7%. Some of the key drivers of the market will include rapid change in food and beverage consumption pattern and preferences, rise in demand for cost effective and efficient transportation mode, Advances in refrigeration technology and insulated container construction which are steadily improving the delivered quality of chilled and frozen food produce, Increasing prosperity in many regions of the world which is driving demand for higher-value chilled fruit and vegetables and others.
The market has been classified by two parameters types of reefers i.e., containerized reefers and specialized reefers and by segments such as pharmaceuticals, sea food, fresh produce, meat and others. Further the overall market has been divided into five geographical regions such as North America, Europe, APAC, Middle East, and South America.
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China being one of the key countries in ship building and exporting business has contributes more than 40% to the APAC market. In past one decade South America has been experiencing highest demands for reefer container due to increasing exports of goods and commodities to countries in North America and Europe.
Some of the key companies covered in the report include CMS CGM S.A., Hapag Llyod, K-Line, NYK Line, China Shipping Containers Line Co. Ltd, Kling Corporation, ZIM Integrated Shipping Services Ltd., Hanjin Shipping Co., Ltd and others.
Browse the full Research Report with Toc: http://www.theinsightpartners.com/reports/refrigerated-sea-transport-containers-market
The overall market volume is expected to grow from 2.35 MTEU in 2014 to 3.46 M TEU in 2020 with a CAGR of 6.7%. Some of the key drivers of the market will include rapid change in food and beverage consumption pattern and preferences, rise in demand for cost effective and efficient transportation mode, Advances in refrigeration technology and insulated container construction which are steadily improving the delivered quality of chilled and frozen food produce, Increasing prosperity in many regions of the world which is driving demand for higher-value chilled fruit and vegetables and others.
The market has been classified by two parameters types of reefers i.e., containerized reefers and specialized reefers and by segments such as pharmaceuticals, sea food, fresh produce, meat and others. Further the overall market has been divided into five geographical regions such as North America, Europe, APAC, Middle East, and South America.
Get a Free PDF Sample copy : http://www.theinsightpartners.com/sample/TIPTE100000202
China being one of the key countries in ship building and exporting business has contributes more than 40% to the APAC market. In past one decade South America has been experiencing highest demands for reefer container due to increasing exports of goods and commodities to countries in North America and Europe.
Some of the key companies covered in the report include CMS CGM S.A., Hapag Llyod, K-Line, NYK Line, China Shipping Containers Line Co. Ltd, Kling Corporation, ZIM Integrated Shipping Services Ltd., Hanjin Shipping Co., Ltd and others.
Contact Information:
The Insight Partners
Sameer Joshi
Tel: +91 9666111581
Email us
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The Insight Partners
Sameer Joshi
Tel: +91 9666111581
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results