With an estimated value of approximately US$ 7.8 Billion in 2022, the global feeder containers market is expected to witness a robust demand surge, leading to a significant 5.9% CAGR, and projecting the market’s worth to reach an impressive US$ 13.8 Billion by 2032.
Feeder Containers Market in the USA: Food & Beverage Sector Drives Growth
The USA feeder containers market is poised for a robust performance, with sales projected to represent 87.9% of the North America feeder containers market during the forecast period. This growth can be attributed to the strong presence of the food & beverage sector in the United States. The increasing international trade activities for pharmaceutical and personal care products also play a significant role in boosting the adoption of feeder containers in the country. As the food & beverage industry continues to expand and trade activities surge, the outlook for feeder containers in the USA remains positive.
China’s Feeder Containers Market: E-commerce and Trade Drive Expansion
China’s feeder containers market is on the rise, with several key factors contributing to its growth. The expansion of the e-commerce sector in China is expected to spur demand for feeder containers. Additionally, growth in bauxite trade and oil & gas trade in the country is driving sales. Bauxite trade, which increased by 8.2%, now accounts for a substantial 77% of the total bauxite supply. China’s shipping industry, one of the top players globally, is projected to generate a total revenue of US$ 98,936 million, with bulk carriers trade contributing significantly. As a result, China’s feeder containers market is anticipated to capture 54.3% of the total East Asia feeder containers market during the forecast period, showcasing a promising outlook.
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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
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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.
Feeder Containers Market and the Future of Logistics
As we step into the future, the Feeder Containers Market is poised for further growth and innovation. The increasing adoption of digital technologies, sustainability measures, and the pursuit of seamless logistics will shape the industry’s trajectory.
1. Digitalization and Data Analytics
Digitalization will play a pivotal role in optimizing supply chains. Advanced data analytics will enable companies to make data-driven decisions, leading to more efficient operations and better customer service.
2. Autonomous Feeder Vessels
The development of autonomous feeder vessels is on the horizon, promising reduced operational costs and enhanced safety. These vessels will revolutionize cargo transportation by removing the need for onboard crew members.
3. Green Logistics
The Feeder Containers Market will continue to embrace sustainable practices, such as alternative fuels, container recycling, and emissions reduction, contributing to a greener and more responsible shipping industry.
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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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