Global Refrigerated Sea Transportation Market 2018-2022

Below are some of the key findings from this refrigerated sea transportation market analysis report

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Global refrigerated sea transportation industry overview

The growing preference for seaborne transportation by the pharma industry will be one of the critical factors driving refrigerated sea transportation market growth. Due to the increasing fuel cost and the implementation of stringent environmental regulations, pharmaceutical manufacturers prefer low-cost shipments. Since the cost of transportation through airways and roadways is high due to increasing fuel prices and traffic congestion, pharmaceutical companies prefer seaway transportation for their products. Moreover, seaway shipments also offer better security as the container does not encounter any other party until it reaches its destination. Pharmaceutical manufacturers prefer seaborne shipments to mitigate the loss due to patent loss. This shift in preference of the pharmaceutical industry towards seaborne transportation is expected to drive refrigerated sea transportation market growth at a CAGR of more than 4% during the forecast period.

Top refrigerated sea transportation companies covered in this report

The global refrigerated sea transportation market is moderately concentrated. The market is in the growth phase, and the competition is expected to become less intense by the end of the forecast period. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this refrigerated sea transportation market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

• A.P. Moller - Maersk
• CMA CGM
• Mediterranean Shipping Company
• Siem Shipping
• YANG MING   

 Refrigerated sea transportation market segmentation based on end-users

• Food and beverages
• Fresh produce and meat
• Other end-users

Food and beverages was the largest end-user segment of the refrigerated sea transportation market in 2017. The growth of the frozen food market in Europe and APAC and the increasing consumption of milk across the globe will fuel refrigerated sea transportation market growth in this end-user segment throughout the forecast period.

Refrigerated sea transportation market segmentation based on region

• The Americas
• APAC
• EMEA

The Americas accounted for the largest refrigerated sea transportation market share in 2017. Because of factors such as the expected increase in the export of agricultural products to China from the US, the region will dominate the market during the next few years as well.

Key highlights of the global refrigerated sea transportation market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the refrigerated sea transportation market during the next five years
• Precise estimation of the global refrigerated sea transportation market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the refrigerated sea transportation industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of refrigerated sea transportation companies