Reefer Container Market Size, Share, Growth, Trends, and Global Industry Analysis: By Container Size (20 Feet, 40 Feet, More than 40 Feet), By Transportation Mode (Seaways, Roadways, Railways), By Application (Fruits and Vegetables, Meat Products, Dairy Products, Vaccines and Biologicals, Pharmaceuticals, Chemicals, Others) and Region Forecast 2020-2031

Reefer Container Market size was valued at US$ 2,941.6 million in 2023 and is expected to grow at a CAGR of 8.9% from 2024 to 2030. The report provides a detailed overview of the global market, and that can be segmented by Container Size, by Transportation Mode, by Application. By container size, the global market has been segmented into 20 Feet, 40 Feet, More than 40 Feet. The 20 feet Reefer container segment is likely to be the largest and fastest-growing segment in terms of container size. Based on transportation mode, the market is segmented into Seaways, Roadways, Railways. Among these, the seaways segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on application, the market is segmented into Fruits and Vegetables, Meat Products, Dairy Products, Vaccines and Biologicals, Pharmaceuticals, Chemicals, Others. The Fruits and Vegetables segment accounts for the largest share in 2023. Meat Products segment is the second-largest share during the forecast period.

 Key Developments:

• In Dec 2020, SeaCube Containers LLC purchased 200 Carrier Pods tracked by Sensitech Inc. In order to meet the projected rise in demand for refrigerated storage capacity and cargo visibility in support of the COVID-19 vaccine distribution operations.
• In February 2020, Performance Team LLC was acquired by A.P. Moller - Maersk A/S. This will improve the old company's capacities as an integrated container logistics provider of full supply chain solutions.