Reefer Container Market Report 2025 (Global Edition)

Global Reefer Container Market Report 2025 Market Size Split by Size (20 Feet, 40 Feet, More than 40 Feet), by Transportation Mode (Seaways, Roadways, Railways), by Industry (Food & Beverages, Pharmac...

Reefer Container Market Report Description

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Reefer Container Market Insights Video

Competitive Landscape of the Reefer Container Market

The global reefer container market boasts intense competition among key players. The market is characterized by strategic collaborations, technological innovations, and fleet expansions to meet the increasing demand for refrigerated transport. Key trends include a focus on sustainability, energy efficiency, and real-time monitoring systems. The competitive landscape is shaped by efforts to enhance service reliability, global reach, and operational efficiency, reflecting the industry's commitment to meeting the growing demands of the perishable goods transportation sector.

• In December 2020, SeaCube Containers LLC acquired 200 carrier pods monitored by Sensitech Inc. to address the anticipated demand for refrigerated storage capacity and cargo visibility supporting the COVID-19 vaccine distribution efforts.

(Source:www.carrier.com/carrier/en/worldwide/news/news-article/seacube-acquires-200-carrier-pods-monitored-by-sensitech-to-help-meet-global-vaccine-distribution-needs.html)

• February 2020, A.P. Moller-Maersk A/S acquired Performance Team LLC. It will further strengthen the capabilities of the former company as an integrated container logistics company offering end-to-end supply chain solutions. Performance Team LLC offers business-to-business (B2B) and business-to-consumer (B2C) distribution solutions to the retail, wholesale, and e-commerce sectors, with 24 warehousing sites.

(Source:www.maersk.com/news/articles/2020/02/19/ap-moller-maersk-to-acquire-performance-team)

Top Companies Market Share in Reefer Container Industry: (In no particular order of Rank)

• Bulkhaul Limited
• Danteco Industries BV
• NewPort Tank
• A.P. Moller-Maersk
• China International Marine Containers (Group) Ltd
• COSCO SHIPPING Development Co. Ltd.
• CXIC Group
• Singamas Container Holdings Limited
• TLS Offshore Containers/TLS Special Containers
• W&K Containers Inc.
• Thurston
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America dominated the market in 2023. It accounted for around 30% of the global revenue

According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 30% of the global revenue, owing to the robust demand for temperature-sensitive goods like pharmaceuticals, fresh produce, and perishable items. The region's well-established cold chain infrastructure and stringent quality standards contribute to the dominance of the reefer container market. The United States and Canada, particularly, witness a high volume of international trade, further fueling the demand for reliable and efficient refrigerated transport solutions.

Simultaneously, the Asia-Pacific region emerges as the fastest-growing market for reefer containers. Rapid industrialization, increasing consumer spending, and expanding international trade in countries like China and India contribute to the market's growth. The region's flourishing food and beverage industry and the export of perishable goods amplify the demand for advanced reefer container technology. Additionally, the pharmaceutical sector's expansion and the need for temperature-controlled shipping further boost the market.

The current report Scope analyzes Reefer Container Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Reefer Container Market Analysis

According to Cognitive Market Research, North America held the major market share in 2023. It accounted for a CAGR of 11.0% and more than 30% of the global revenue due to a well-established cold chain infrastructure and a high volume of international trade. The region's dominance is evident in efficiently transporting temperature-sensitive goods, particularly pharmaceuticals, fresh produce, and perishables. The dominant segment in North America is the food and beverage industry, which depends heavily on refrigerated containers to maintain the quality of goods during transit. Additionally, the pharmaceutical sector contributes significantly to the demand for reefer containers, given the stringent temperature requirements for drug transport. In conclusion, North America's reefer container market is characterized by a mature and sophisticated cold chain ecosystem, positioning it as a key player in the global market for temperature-controlled shipping solutions.

Europe Reefer Container Market Analysis

According to Cognitive Market Research, the European Reefer Container market accounted for a CAGR of 11.5% and approximately 28% of the global revenue due to the robust cold chain infrastructure and high demand for temperature-controlled transport solutions. The region's advanced logistics network, stringent quality standards, and significant international trade contribute to the dominance of the reefer container market. The dominating segment in Europe includes pharmaceuticals and healthcare, given the stringent temperature requirements for transporting medications and vaccines. Additionally, the region's thriving food and beverage industry fuels the demand for refrigerated containers to maintain the integrity of perishable goods.

In conclusion, Europe's reefer container market is vital and continuously evolving, driven by the region's commitment to quality in transportation and the increasing need for temperature-sensitive cargo solutions across various industries, positioning it as a pivotal player in the global reefer container industry.

Asia Pacific Reefer Container Market Analysis

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for a CAGR of 14.2% and more than 36% of the global revenue due to dynamic growth and key trends. Rapid industrialization and a burgeoning population have surged demand for temperature-controlled shipping solutions. The dominant segment in this market is the transportation of perishable goods, especially in the food and pharmaceutical sectors. Countries like China and India are witnessing increased international trade, driving the need for reliable reefer container technology. The pharmaceutical industry's expansion and the rising demand for fresh produce further propel market growth. In conclusion, the Asia-Pacific reefer container market presents a robust landscape characterized by evolving consumer preferences and a growing emphasis on quality in transporting temperature-sensitive goods, positioning the region as a significant contributor to the global reefer container industry.

South America Reefer Container Market Analysis

According to Cognitive Market Research, Latin America accounted for a CAGR of 12.5% and more than 5% of the global Reefer Container revenue in 2023 due to the region's flourishing agricultural and perishable goods export industry. The increasing demand for reliable cold chain logistics solutions to preserve the quality of products during transportation is a key factor. The dominant segment in this market includes the transportation of fruits, vegetables, and seafood, reflecting Latin America's position as a major exporter of these perishable commodities. Countries like Brazil, Chile, and Mexico significantly contribute to the demand for reefer containers.

In conclusion, Latin America's reefer container market presents a promising landscape marked by a surge in export-oriented activities and a growing need for temperature-controlled transport. As the region continues strengthening its position in the global supply chain, the demand for efficient and advanced reefer container solutions is expected to increase further.

Middle East Reefer Container Market Analysis

According to Cognitive Market Research, the Middle East and Africa accounted for a CAGR of 12.6% and more than 1% of the global revenue in 2023 due to an upsurge in international trade and a growing focus on food safety. The region's expanding pharmaceutical and healthcare industries also contribute to the demand for temperature-controlled transport. Domestically, there is an increasing need for reliable cold chain solutions to preserve the freshness of perishable goods. The dominating segment in the MEA reefer container market is the transportation of fresh fruits and vegetables, reflecting the region's agricultural exports.

In conclusion, the MEA reefer container market presents a dynamic landscape shaped by a rising need for advanced cold chain solutions. As the region becomes an integral player in global trade, the demand for reefer containers is expected to grow, driven by diverse industries and the increasing importance of maintaining product integrity throughout the supply chain.

Reefer Container Market Analysis

Reefer Container Size Segment Analysis

The 20-feet reefer containers, which are more compact, are widely used for transporting smaller quantities of temperature-sensitive goods. Industries such as pharmaceuticals, food and beverage, and chemicals often prefer the flexibility and cost-effectiveness offered by these smaller containers. They are particularly suitable for shorter distances and when frequent loading and unloading are required.

On the other hand, 40-feet reefer containers are preferred for larger shipments and long-distance transportation. Their larger capacity makes them suitable for bulk shipments of perishable goods, reducing the overall transportation cost per unit. The 40-feet segment is commonly used in the global supply chain to export and import a wide range of temperature-sensitive products, including fruits, vegetables, meat, and dairy products.

• 20 Feet
• 40 Feet
• More than 40 Feet

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Reefer Container Industry. Request a Free Sample PDF!

Reefer Container Transportation Mode Segment Analysis

Seaways represent a significant segment, with reefer containers efficiently transporting perishable goods via maritime routes. These containers are equipped with advanced temperature control systems, ensuring the safe and regulated transport of goods across long distances. The maritime segment is crucial for the international trade of temperature-sensitive products, including food and pharmaceuticals.

On the other hand, roadways constitute a vital segment for regional and last-mile transportation. Reefer containers integrated with trucks and trailers provide a seamless solution for transporting perishable goods over shorter distances. This segment is essential for connecting ports to distribution centers, markets, and end consumers, ensuring the timely delivery of fresh and frozen products.

• Seaways
• Roadways
• Railways

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Reefer Container Industry Segment Analysis

In the food and beverage segment, reefer containers play an important role in maintaining the integrity of perishable goods during transit. With the global food supply chain becoming more interconnected, reefer containers ensure that products like fruits, vegetables, seafood, and dairy items reach their destinations in optimal conditions, preserving freshness and quality.

In the pharmaceutical segment, reefer containers are crucial for transporting temperature-sensitive drugs and medical supplies. The pharmaceutical industry's stringent product safety and efficacy regulations make reefer containers essential to maintain the required temperature range throughout the supply chain. It is particularly critical for vaccines, biologics, and other medications that temperature variations can compromise.

• Food & Beverages
• Pharmaceutical
• Chemical

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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