The global shipping container market is expected to reach USD 12.08 billion by 2027 from USD 8.7 billion in 2019, registering a CAGR of 4% during the forecast period 2021-2027.
A shipping container is a container that has the strength to withstand shipping, storage and handling. These containers range from large, reusable steel boxes used for intermodal transport to ubiquitous corrugated boxes. Containers are a means of bundling cargo and goods into large units that can be easily handled, moved and stacked, and can be tightly packed on ships or yards, similar to cartons and pallets. They are usually made of aluminum and steel. The size and type of each container complies with the specifications and regulations established by the International Organization for Standardization (ISO).
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Company Profiles
Key players operating in the market include A.P. Moller–Maersk Group, CARU containers, China International Marine Containers, COSCO SHIPPING Development Co., Ltd, CXIC Group, OEG Offshore limited, Singamas Container Holdings Limited, TLS Offshore Containers International, W&K Containers, Inc., YMC Container Solutions,and others.
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Shipping Container Market – Segmentation
By Container Size
• Small Containers (20 feet)
• Large Containers (40 feet)
• High Cube Containers (40 feet)
By Product Type
• Dry Storage Containers
• Flat Rack Containers
• Refrigerated Containers
• Special Purpose Containers
• Others
By End Use
• Food & Beverages
• Consumer Goods
• Healthcare
• Industrial Products
• Vehicle Transport
• Others
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