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India Container Market

The India Container Market is expected to foresee significant growth.

The India Container Market is expected to grow at a CAGR of around 2% from 2022-2028. The Indian container market is growing at a substantial rate mainly owing to the several policy reforms in place bolstering the container trade against the global slowdown. Improvement in transshipment numbers at Indian ports, direct port delivery (DPD), direct port entry (DPE), increase in authorized economic operators (AEOs), port community systems (PCS), digitization and automation of cargo movement through port gates, etc; are some of the key areas of improvement notably aiding the market towards an upward trend. In addition, healthy competition among major and private ports is improving the container volume growth at each port year-over-year creating opportunities in the Indian container market.

Moreover, the rising demand for fish and meat has increased the commercial farming of fish and livestock in India over the years which escalated India’s total export. Significant developments in commercial vessels and innovation of cargo ships equipped with the latest technologies such as navigation systems, advanced sensors, and other components are expected to drive the demand for transportation through ships, in turn propelling the growth of the container market.

For a detailed analysis of the India Container Market browse through https://univdatos.com/report/india-container-market/

Based on the product, the container market is classified into 20 feet, 40 feet, and 45 feet. The 40 feet segment caters substantial share of the market. Factors such as increased durability and large space offered by 40 feet containers are contributing to their high adoption across various applications. In addition, India has emerged as the world’s fastest-growing economy for the past five years owing to the rising demand for consumer goods and services.

Based on end-use, the container market is segmented into food & beverage, consumer goods, industrial goods, healthcare, and others. The food & beverages segment caters considerable share of the market. Perishable food items and beverages deteriorate quickly if exposed to humidity or extreme temperature. Reefer containers play a vital role in the transportation of perishable food items as they offer exceptionally large storage space for cooling while easy to transport and can be placed in many locations. As a result, the increasing trade of agriculture and processed food is expected to boost the demand for containers in the food & beverage segment over the coming years.

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Some of the major players operating in the market Hyundai Ltd., A.P. Moller, and Maersk, COSCOShipping Development Co., Ltd., China International Marine Container (Group) Ltd., CXIC Group, Singamas Container Holdings Limited, Hapag-Lloyd AG, Evergreen Marine Corporation, MSC Mediterranean Shipping Company S.A, and Yang Ming.

India Container Market Segmentation

Market Insight, by Product

• 20 Feet
• 40 Feet
• 45 Feet

Market Insight, by End-Use

  • Food & Beverage
  • Consumer Goods
  • Industrial Goods
  • Healthcare
  • Others

Top Company Profiles

• Hyundai Ltd.
• A.P. Moller and Maersk
• COSCOShipping Development Co., Ltd.
• China International Marine Container (Group) Ltd.
• CXIC Group
• Singamas Container Holdings Limited
• Hapag-Lloyd AG
• Evergreen Marine Corporation
• MSC Mediterranean Shipping Company S.A
• Yang Ming

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