Market Analysis
Market Research Future (MRFR) presumes the globalrefrigerated sea transportation marketsize to reach USD 12.48 billion at a 6.8% CAGR from 2020 to 2027 (forecast period).
Request a Free Sample @https://www.marketresearchfuture.com/sample_request/10631
Multiple Factors to Boost Market Growth
The expansion of international trade is one of the primary drivers of therefrigerated sea transportationmarket. Changes in the food and beverage, pharmaceutical, and other industries, as well as urbanization, will drive the refrigerated sea transportation market throughout the projection period. Rapid growth in the logistics industry as a result of technological advancements is also helping to expand the global market. The growing popularity of perishable goods has resulted in a growth in sea freight transportation, opening up many industry opportunities for refrigerated sea transportation companies. Changes in retail business models and technological advancements have created significant opportunities for the refrigerated sea transportation industry.
Due to the rising demand for ready-to-eat snacks, perishable foods, energy drinks, and other products, the food and beverage sector is contributing to the expansion of the refrigerated sea transportation market. Furthermore, the growth of the pharmaceutical industry has increased the demand for refrigerated sea transportation solutions for the temperature-controlled transportation of medical supplies and pharmaceuticals. The fast rise of e-commerce companies around the world is also driving the refrigerated sea transportation sector. The increase in international trade as a result of trade liberalization is a significant driver driving the worldwide refrigerated sea transportation market. Trade liberalization, advancements in transportation infrastructure and communication technology, and the success of multinational corporations in the food retail sector have increased demand for cold storage, boosting the refrigerated sea transportation market. Increasing RD initiatives and technological advancements in cold storage technology, such as the incorporation of solar technology into transportation refrigeration units, are resulting in the creation of efficient cold storage and transportation solutions. The necessity to secure the safe transportation of heat-sensitive pharmaceutical items from manufacturers to distributors and pharmacies in order to assure hygiene and security will contribute to the expansion of the refrigerated sea transportation market.
Market Segmentation
The global refrigerated sea transportation market has been classified based on container type, product type, application, and region.
Based on container type, the global refrigerated sea transportation market has been divided into 20 feet, 40 feet, 40 feet high-cube, 45 feet high-cube, and others.
By product type, the global refrigerated sea transportation market has been segmented into chilled and frozen.
Based on application, the worldwide refrigerated sea transportation market has been segmented into food beverages, pharmaceutical, and others.
Key Players
Key industry participants in the global refrigerated sea transportation market include CMA CGM S.A (France), Kuehne + Nagel International AG (Switzerland), DHL International GmbH (Germany), CEVA Logistics (Switzerland), Mediterranean Shipping Company S.A (Switzerland), DSV Panalpina A/S (Denmark), Maersk Line, Limited (US), NYK Line (Japan), Hapag-Lloyd AG (Germany), Hamburg Sd (Germany), Cargo-Partner (Austria), ZIM Integrated Shipping Services (Israel), CSAV (Chile), and Star Reefers (UK).
Access Report Details @https://www.marketresearchfuture.com/reports/refrigerated-sea-transportation-market-one-10631
Regional Analysis
APAC to Dominate the Global Market
In 2020, Asia Pacific dominated the refrigerated sea transportation industry. The ever-expanding meat and seafood industries have aided in product development. Over the projected period, the expansion of retail food chains is expected to drive demand for cold chain logistics solutions, hence raising demand for the refrigerated sea transportation market in this region. Product demand in the region has been encouraged by the region's increasing industrialization. The growing need for the transportation of heat-sensitive pharmaceutical products, which necessitate particular logistics arrangements, is assisting the refrigerated sea transportation industry in this region to expand. Rapid urbanization has increased reliance on packaged foods and beverages, which is driving market demand, particularly in developing nations such as China and India.
Browse Related Reports:
Medical Device Packaging MarketInformation by Material, by Product, and Region Forecast to 2027
Medical Packaging MarketInformation: By Material, Type, Application, End User Global Forecast till 2027
Metal Cans MarketReport Information by Material, by Type, by Application and By Region Global Forecast till 2027.
Metal Packaging MarketResearch Report: Information by Material, Type, Application, Region Forecast till 2027
Mineral Wool Board Insulation MarketResearch Report: by Type,Function, by Application, andby Region Forecast till 2026
Modified Atmospheric Packaging Market: By Materials, Gases, Application And Region 2027
Molded Fiber Packaging Market: Information by Type, Source, Product, End-Use and Region Forecast to 2027
Multi-Med Adherence Packaging Market: Information by Material, by Product, by End User and by Region Forecast till 2027
North America Pet Food Packaging Marketby Packaging Material, Product, Food Type, Animal Type, and Region Forecast To 2027
Packaging Foams MarketInformation Report by Structure, by Material, by Service and by Region Global Forecast to 2027
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune 411028
Maharashtra, India
+1 646 845 9312
Email:sales@marketresearchfuture.com
