Refrigerated Sea Transport Containers Market to 2020 Some of the key driving factors such as changing consumer food preferences , advancing technologies in sea transportation and container modernizations are paving the path for growing demand for refrigerated containers . The market is expected to reach US $ 3.25 Billion in 2020 from US $ 2.13 Billion in 2015 with a CAGR of 8.8 %. Market volume of refrigerated containers is expected to reach 3.46 Million TEU by 2020 growing at a CAGR of 6.7 % owing to increasing demand for perishable commodities in various regions across the globe .
Global refrigerated sea transport containers market is hindered by challenges such as rising rates of specialized reefers and uneven distribution channels which impacts the operational costs of transportation . However increasing advancements in infrastructure of containerized reefers has set new dimension to the containers market , the demand for containerized reefers has outpaced the specialized reefer containers market in recent years and this trend is expected to continue in coming years along with bridging gap of transportation demands and rising reefer costs .
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