Increasing Demand for Pharmaceuticals Proliferates the Reefer Container Industry

The sales of reefer containers are projected to capture 7,064.3 thousand TEU in 2030. Numerous factors affect the industry growth such as the rising number of trade routes, expansion of the e-commerce industry, growing pharmaceutical drugs demand, and the emergence of real-time tracking technology.

Under the size segment, the 40-feet reefer containers are projected to experience the highest CAGR in the coming future. It is their design that makes them highly suitable for carrying voluminous cargo, instead of heavy cargo.

In addition, the cost of 40-foot containers and 20-foot containers is similar, ranging between $7,500 to $8,500. Therefore, the higher capacity and a little difference between containers’ costs are projected to result in the high usage of 40-foot containers in the coming years.

Under the transportation mode segment, the seaways category captures an extensive share of the reefer container industry, and it is projected to retain its position in the coming years. It is ascribed to the fact that 90% of international trade is conducted by over 100,000 commercial ships. Therefore, barges are often utilized for carrying a large volume of cargo on canals, and rivers.

Under the industry segment, the pharmaceutical sector is projected to experience the highest CAGR in the near future. It is led by increasing biologics demand, along with the surging requirement for temperature-controlled containers for storage and transportation of vaccines, cellular therapies, and blood products.

Reefer Container Market Research Report@ https://www.psmarketresearch.c....om/market-analysis/r