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 Feeder Containers Market encompasses the manufacturing, leasing, and trading of containers used for the transportation of cargo via feeder vessels. These vessels act as a vital link between the large mainline vessels and ports that are unable to accommodate such colossal carriers. Feeder containers, with their standardized sizes and intermodal compatibility, facilitate the seamless transfer of goods across multiple modes of transportation, ensuring efficient and cost-effective logistics operations.
Mostly, dry containers are used in various industries as they offer an efficient and fast shipping method for a bulk quantities of goods across land and sea. Feeder container are considered a viable option as compared to air shipping, as container shipping is more foreseeable, cost-efficient and capable of moving heavier loads.
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Emerging Trends in the Feeder Containers Market
The Feeder Containers Market is subject to various trends and developments that shape its trajectory and influence its stakeholders. Staying abreast of these trends is essential for businesses operating in this market, enabling them to adapt and thrive in a rapidly evolving landscape. Some notable trends in the market include:
1. Digitalization and Automation: Transforming the Industry
In an era dominated by technological advancements, digitalization and automation have revolutionized the Feeder Containers Market. Advanced tracking systems, Internet of Things (IoT) integration, and autonomous operations have improved the efficiency and transparency of container logistics, streamlining the supply chain processes.
2. Sustainable Practices: A Growing Concern
As sustainability gains prominence across industries, the Feeder Containers Market is witnessing a shift towards greener practices. Container manufacturers and operators are investing in eco-friendly materials, energy-efficient vessels, and emission reduction strategies to minimize the industry’s carbon footprint and comply with stringent environmental regulations.
3. Integration of Blockchain Technology: Enhancing Security and Transparency
Blockchain technology has found its way into the Feeder Containers Market, offering enhanced security, transparency, and traceability throughout the container supply chain. By leveraging the decentralized nature of blockchain, stakeholders can verify the authenticity of container information, mitigate fraud risks, and optimize customs procedures.
List of Key Players Covered in Feeder Containers Market 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
“The introduction of RFID tag-based smart feeder containers, along with surging demand for eco-friendly and flexible packaging solutions will fuel the growth in the market over the assessment period,” says an FMI analyst.
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Key Takeaways:
- By product type, the dry containers segment is projected to account for 55% of the total market share by 2032.
- Based on container size, the high cube size containers segment is anticipated to remain lucrative.
- In terms of end use, the oil & gas and mining segment is projected to register a CAGR of 4.7% during 2022-2032.
- The U.S. will account for 87.9% of the north America feeder containers market over the assessment period.
- China is expected to emerge as an attractive pocket, holding 54.3% of the east Asia feeder containers market share over the forecast period.
- North America and Asia are anticipated to witness the highest demand for feeder containers during the forecast period, accounting for 30-35% of the total market sgare collectively.
The tier 1 players in the market hold 10-15% in the global feeder containers market. Leading players are investing in production facility expansions and improving their product portfolios to gain a competitive edge in the market. For instance:
- In March 2022, JR Shipping Group announced that MV Endeavor, one of their 750 TEU feeder container will soon avail of Maritime Filtree System and carbon capture module, which will help to reduce the emissions from the vessel.
Feeder Containers Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global feeder containers market, analysing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the feeder containers based on the product type (dry containers, reefer containers and others), container size (small size containers, medium size containers and high cube size containers) and end use (oil, gas and mining, food & beverages, automotive, healthcare, electrical and electronics and other industries) across seven regions.
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