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Global Reefer Container Market Overview and Forecast To 2027

Asia-Pacific is anticipated to have the fastest growth during 2021-2027 owing to the rising trades of seaborne perishable reefer cargo, massive technological investment, and the presence of market players in the region. Shanghai, Singapore, Hong Kong, Tianjin, Qingdao, Guangzhou, Busan, Ningbo-Zhoushan, and Shenzhen are currently the world's busiest ports, all of which are located in the Asia Pacific. As a result, trade routes are increasingly being focused on Asian countries in order to capitalize on rising demand for a variety of goods.

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Global Reefer Container Market Overview and Forecast To 2027

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  1. Global Reefer Container Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Reefer Container Market The global reefer container market is anticipated to grow at a 6.1% CAGR during 2021-2027 owing to the rising number of trade routes, increased demand for pharmaceutical drugs, emerging e-commerce industry, and innovative real-time tracking technology. Furthermore, increased demand for refrigerator insulated containers to safely transport cargos like fruits, meat, fish, vegetables, and dairy products from decaying, spoilage. Also, they are used to ship inedible products like pharmaceuticals, flowers, and chemicals as they are needed to transport in chilled, frozen, or temperature-controlled containers. Innovative methods of shipment of cargo like cold chain storage have expanded significantly owing to the discovery of reefers that transit edible and inedible products easily in a specified period of time without damaging the product. Nevertheless, rising international trade, low transportation costs, easy transshipment of goods, low terminal turnaround times, and easy navigation facilities have propelled the demand for a reefer container market.

  4. Global Reefer Container Market The COVID-19 outbreak has had an adverse impact on the reefer container market owing to lockdowns and social distancing norms implemented by the government. Due to the temporary import and export ban, the containers which were shipped to the major ports were either stranded on-board ships or off-loaded at other locations, etc. Furthermore, the outbreak has hampered the growth of the transportation & logistics industry owing to a liquidity crisis, lack of labor, lesser contracts and agreements, etc., resulting in a decline in global trade volume. Based on product, the reefer container is divided into food and non-food. Fresh and frozen vegetables and fruits, fish, chilled and frozen meat, milk and dairy products, eggs, chocolates, and juice are some of the foods that are commonly supplied in reefer containers. Pharmaceuticals, flowers, and chemicals will be included in the non-food application.

  5. Global Reefer Container Market China International Marine Containers (CIMC) paid $1.08 billion, including net debt, for AP Moller-box Maersk's manufacturing arm, Maersk Container Industry (MCI), in September 2021. The Maersk company exits container manufacturing with the acquisition of MCI's reefer factory in Qingdao, China, and research and test engineering facilities in Tinglev, Denmark. CIMC will be able to master core refrigeration technology and improve key skills in the cold chain industry. The prominent players in the reefer container industry include United Technologies, Daikin Industries, Ingersoll-Rand (THERMO KING), China International Marine Containers, Utility Trailer, Singamas Container, Hyundai, Schmitz Cargobull, Fahrzeugwerk Bernard Krone, Lamberet, Nestle, Tyson Foods, The Kraft Heinz Company, General Mills, Smithfield Foods, Kellogg Company, Conagra Brands, Kerry, Del Monte, and Aryzta.

  6. For Sample Report :- https://www.vynzresearch.com/automotive-transportation/global-reefer-container-market/request-sample www.vynzresearch.com

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