With an estimated valuation of approximately US$ 7.8 billion in 2022, the global feeder containers market is poised for robust growth, anticipating a 5.9% Compound Annual Growth Rate (CAGR). Projections suggest that demand will surge, propelling the market to reach an impressive valuation of US$ 13.8 billion by the year 2032. This growth trajectory underscores the increasing reliance on feeder containers for efficient and streamlined transportation, reflecting the evolving needs of the global trade and shipping industries. The forecasted expansion signifies the vital role of feeder containers in facilitating the seamless movement of goods across international maritime routes.
Commonly referred to as feeder vessels or container vessels, feeder containers play a pivotal role in the maritime shipping and logistics sector, constituting a substantial portion of cargo transportation. According to FMI, there is an anticipated 4.6% Compound Annual Growth Rate (CAGR) in the demand for dry containers throughout the assessment period. This growth reflects the crucial reliance on feeder containers for efficient and cost-effective cargo transport, emphasizing their integral role in supporting the global trade and logistics infrastructure. The consistent demand for dry containers underscores their significance in facilitating the smooth flow of goods across international shipping routes.
Predicted to represent a dominant 87.9% share in the North America feeder containers market, total sales in the USA are anticipated to lead the region during the forecast period. The heightened adoption of feeder containers is foreseen to be propelled by the robust food and beverage sector in the country, coupled with the escalating international trade of pharmaceutical and personal care products. This underscores the vital role of feeder containers in supporting diverse industries, responding to the demands of a dynamic market and reinforcing their significance in facilitating the efficient transportation of goods, both domestically and internationally.
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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
For instance:
- In September 2021, CMA CGM, a shipment giant, announced an agreement for 35 years with Abu Dhabi Ports in the view of developing a new terminal which is valued at US$ 154 million. This terminal will be helping the feeder operators and the shipping companies to provide their services between South Asia and Abu Dhabi, Europe, and Western Asia.
- In March 2022, Hapag-Lloyd has acquired a Deutsche Afrika-Linien (DAL), which is a container liner business specialist in Africa.
Demand for Dry Feeder Containers Will Gain Momentum
With a projected Compound Annual Growth Rate (CAGR) of 4.6%, sales of dry feeder containers are poised to rise steadily throughout the assessment period. The escalating demand for these containers, particularly from the food and beverage as well as the oil and gas sectors, will be a driving force behind the sustained growth in this segment. The versatile applications of dry feeder containers in transporting goods for these key industries underscore their significance in meeting the evolving needs of the global trade and logistics landscape, reflecting their instrumental role in supporting efficient and secure transportation of various commodities.
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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
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