The market for feeder containers is anticipated to grow to over US$ 7.8 billion by 2022. According to the analysis, demand will grow at a CAGR of 5.9%, with a market value of US$ 13.8 billion by 2032.
The logistics sector can’t be thought of without optimal packaging on the part of products. Feeder containers, better known as container vessels or feeder vessels, are used on frequent basis in maritime shipping and the logistics vertical and do account for bigger part of cargo.
The WTO has stated that worldwide merchandise trade volume had increased by 4.7% in 2022 alone. Also, transportation sector is coming up as one of the key end-users of the feeder containers owing to higher adoption regarding transportation of products in electrical and electronics, healthcare, automotive, food & beverages, mining, oil & gas, and likewise.
Smart containers are also being used. They are abreast with technologies like GPS, sensors, and IoT devices for improving track location and security.
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However, in the wake of Russia-Ukraine conflict, the feeder containers market is expected to suffer a setback regarding growth rate. This factor could restrain the feeder containers market going forward.
Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Feeder Containers Market’. It has its line of expertise in the form of analysts and consultants to deploy a bottom-up approach across its macros and micros.
“Dry containers are expected to be the cornerstone of feeder containers market going forward”, says an analyst from Future Market Insights.
Key Takeaways from Feeder Containers Market
- Europe holds the largest market share with the food and beverages sector witnessing an upswing with respect to exports. The European Commission is reported to be working on improvement in food sector; which would, in turn, enhance trade activities with the other countries as well.
- North America holds the second-largest market share on the analogous grounds, followed by the Asia-Pacific.
Competitive Containers
- Hapag-Lloyd, in March 2022, completed acquisition of Deutsche Afrika-Linien (DAL).
- CMA CGM, in September 2021, did announce agreement for 3.5 years with Abu Dhabi Ports with the objective to develop a terminal valued at US$ 154 Million. It would be lending help to shipping companies and feeder operators to have their services provided amongst Western Asia, Europe, Abu Dhabi, and South Asia.
- The other players in feeder containers market include Maersk Group, Mediterranean Shipping Company, China COSCO Shipping, Hapag Lloyd, Orient overseas container line, Hamburg Sud, NYK Line, Mitsui O.S.K lines, Pacific International line, K line, Evergreen Marine Corp, Star Feeders, Saraf Shipping Agency, Global Feeder Shipping, Bahri, Gulftainer, and likewise.
The Major Key Players Are
- Maersk group
- Mediterranean Shipping Company
- China COSCO Shipping
- Hapag Lloyd
- Orient Overseas container line
- Hamburg Sud
- NYK line
- Mitsui O.S.K lines
- Pacific International line
- K line
- Evergreen Marine Corp
- Star Feeders
- Saraf Shipping Agency
- Global Feeder Shipping
- Bahri
- Gulftainer
- Hapag-Lloyd AG
- others
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Feeder Containers Market By Category
By Product Type:
- Dry Containers
- Reefer Containers
- Others
By Container Size:
- Small Size Containers
- Medium Size Containers
- High Cube Size Containers
By End Use:
- Oil, Gas, and Mining
- Food & Beverages
- Automotive
- Healthcare
- Electrical and Electronics
- Other Industries
What does the Report feed?
- The research study is based on product type (dry containers, reefer containers, and likewise), container size (small-size containers, medium-size containers, and high cube size containers), and by end-use (oil, gas and mining, food & beverages, automotive, healthcare, electrical and electronics, and other industries).
- As high cube-size containers are known for being cost-effective with regards to shipping for bulk volume, the global feeder containers market is bound to grow on an irresistible note in the forecast period.
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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