Refrigerated Sea Transport Containers Market Outlook 2020 |The Insigh Refrigerated Sea Transport Containers Market | Page 3
Refrigerated Sea Transport Containers Market to 2020
The increasingly refined reefer solutions are overcoming the crucial challenges in shipping of perishables over long
distances. The new and advanced technologies play a significant role to ensure that the perishable commodities
reach fresh and at the desired destinations and also, should fulfil the strict import protocols that differ from
countries to countries.
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.
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