Asia Pacific Refrigerated Container Shipping Market Size

Asia Pacific Refrigerated Container Shipping Market Analysis

The Asia Pacific Refrigerated Container Shipping Market size is estimated at USD 6.97 billion in 2024, and is expected to reach USD 10.76 billion by 2029, growing at a CAGR of 9.07% during the forecast period (2024-2029).

• The Asia-Pacific refrigerated transport market is principally determined by the rising interest in refrigerated leafy foods because of the further developing ways of life and supported financial development. Refrigerated transportation ensures the year-round availability of seasonal goods and extends the shelf life of perishable goods to help preserve their freshness. In addition, the market is expanding due to the rise in cross-border and international trade and the growing preference for outsourcing logistics services. In addition, state-run administrations of a few nations in the district executed rules and guidelines concerning the creation, handling, transportation, and nature of items to help refrigerated transport.
• China held a greater share of 58% than the Asia-Pacific shipping container market in 2022 and is anticipated to continue its dominance throughout the forecast period as well. It is major in light of the developing interest in items and enormous reliance on seaborne exchange in the country. The shipping container market's expansion is hampered by price swings in transportation and inventory, as well as an increase in trade-related agreements and increased demand for ship-based cargo transportation. However, opportunities for the Asia-Pacific Shipping Container Market's expansion throughout the forecast period are anticipated to be provided by factors such as the anticipated trend toward automation in marine transportation and an increase in marine safety regulations.