According to the latest research by Future Market Insights, foldable container market is set to experience optimistic growth during the year 2021-2031. Over 20 BN spent annually repositioning empty containers.
Containers are simple unified dimension boxes made up of metal. Logistics industry has been using containers since mid1930s. Containers with fixed dimensions are easier to reload and transport. Most popular containers are 20 feet long. The space occupied by container is relatively large and a major issue in transportation due to empty runs.
It is estimated that 1/4th of containers transported by ships travel back unloaded, increases transportation cost. To reduce transportation cost, the solution is to fold the containers. The patent for foldable containers belongs to George Kochanowski.
The concept of the foldable container is easy to understand. Normally empty containers are transported over land and sea, as well stored and handled. When a container is folded its volume contains 25% of its original size and therefore the folded containers are much cheaper to reposition.
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Who are the Key Manufacturers and Suppliers of Foldable Container?
Some of the key players operating in the Foldable Container market are
- 4FOLD
- Hapag-Lloyd AG
- CMA CGM Group
- COSCO SHIPPING
- Ocean Network Express Pte. Ltd.
- HMM CO.LTD.
- Singamas Container Holdings Limited
- Copyright © Pacific International Lines Pte Ltd
- Mitsui O.S.K.Lines Hamburg Süd
- Spectainer
Holland Container Innovations (HCI) is the developer of 1st and only foldable GOH container in the World, the 4FOLD foldable container. The first certified foldable 40 Ft HC containers in the world.
In 2011 HCI managed to receive the CSC certification for its prototype and, as of March 2013, the container is fully ISO certified. The company started production in Asia for the first series of the foldable containers, branded 4FOLD, and is now on the eve of a pilot roll out with partners, one of which is container leasing company CARU. The HCI Foldable Container can save 25% costs for empty container transport
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What is driving Demand for Foldable Containers?
Enormous improvements inefficiency of goods transport induced by arrival of containers. Influenced by changing market condition and increasing environmental awareness, an important downside of containerisation is seen visible. Loading and unloading of containers are not always same; therefore transportation of unloaded containers is unavoidable.
Empty containers are one of the most persistence problems in the logistic industry and are a key factor in cutting operational cost. Particularly shipping lines generally bear these container management cost. In the case of repositioning over land, empty containers are expensive to move. Transporting costs are even more or less identical for empty and full containers.
Moreover, growing logistic and manufacturing industry is also driving demand for foldable containers. COLLAPSECON® by Spectainer transport 23% of dry seaborne trade tons.
There is 27%reduction in daily fuel consumption by 12% reduction in at sea average speed. Collapsecon demonstrates total numbers of containers handled by Port of Melbourne would reduce in2035 from7.057 million to 5.817 million, with an 80% decrease in the number of empty containers.
U.S. and Canada Foldable Container Market Outlook
Staxxon Receives CSC Certification for its 20 Ft Folding Shipping Container. U.S logistics industry cost USD 1.56 trillion in 2020. The global shipping container fleet hit 23MM twenty-foot equivalent (TEU) units last year, with approximately 802MM TEUs handled annually in ports. Worldwide container port throughput grew by an average of 3.1% annually between 2015 and 2019.
Over $20BN or 5-10% of operating costs spent moving empty containers to satisfy container logistics flow. Staxxon’s folding container design offers a flexible solution to this empty repositioning problem.
It allows 2, 3, 4, or 5 empties to be folded and bundled together in an ISO 20-ft equivalent set. Once bundled, the set of folded empties holds together and is 100% interchangeable within existing global container fleets.
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Europe Demand Outlook for Foldable Container
4FOLD availed a European Union grant scheme for SMEs. This enabled 4FOLD to call on the services of the Enterprise Europe Network, the largest worldwide network for small and medium-sized enterprises, to tighten up its business model and marketing plan. They targeted shipping companies and through the coaching by the Enterprise Europe Network, they focused on IKEA or Procter & Gamble.
DELFT, the Netherlands—Inventors in the U.S., Netherlands and India are moving closer to easing a headache that costs the shipping business billions of dollars a year. Because of complexity of foldable containers, it would cost at least $4,000 each, which is roughly double the cost of normal containers.
Key Segment
By Product Type:
- Flat Rack Container
- Open Top Container
- Cargo Storage Roll Container
- Car Carries
- Collapsecon
By Size:
- 20 FT
- 40 FT
By End Use:
- Logistics
- Maritime Cargo
- Shipping Lines
- Rail Logistics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa