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The shipping container liners market size is estimated to grow at a CAGR of 3.75% between 2022 and 2027. The market size is forecast to increase by USD 236.54 million. The growth of the market depends on several factors, including the growing seaborne trade, the increasing need for container liners, and the increase in iron ore and coal transportation.
This shipping container liners market report extensively covers market segmentation by end-user (food, chemicals, minerals, and others), type (woven polypropylene, woven polyethylene, PE/PET film, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing seaborne trade is significantly driving the market growth. Large-scale global maritime trade has been increasing since 2009 and is likely to grow further due to increased demand for goods and materials produced around the world. As the demand for global trade via exports and imports increases, the requirement for the transportation of these goods also arises. For instance, according to French Wine and Spirits Exporters (FEVS), French wine exports, the largest export after aerospace goods, reached USD 18.42 billion in 2022, up by 10.8% in 2021.
Additionally, seaborne means of transportation are preferred due to being more economical in comparison to other modes of transportation. In fact, maritime trade is the very backbone of global trade, accounting for more than 80% of international trade. In developing countries, this is even greater. Hence, the rising seaborne trade is likely to contribute towards the growth of the global shipping container liners market during the forecast period.
An increase in demand for cold chain logistics from the pharmaceutical sector is a key trend in the market. The pharmaceutical industry primarily uses air freight, trucking, and non-maritime transportation services for 90 % of their transportation requirements. However, such logistics operations are expensive and significantly reduce their revenue. This is resulting in several pharmaceutical companies considering ocean freight transportation as a viable option.
Additionally, temperature-controlled storage and the ability to maintain the potency of drugs are vital, highlighting the importance of cold chain logistics for the pharmaceutical industry. Biological materials used for advanced therapies, increasingly obtained from human cells are very temperature sensitive, hence further increasing the importance of the cold chain logistics sector. This is predicted to further increase the growth of the shipping container liners market in focus during the forecast period.
The increase in raw material prices is challenging the market growth. Polypropylene (PP), a derivative of crude oil, is an essential component in making container liners. It has witnessed a price hike due to an increase in the prices of crude oil. For example, the US fracking technology used for the production of crude oil has increased the crude oil price. Also due to a decline in oil company revenue in recent years, there is a decline in the crude oil supply. Oil exploration companies have reduced their production and extraction activities due to a reduction in revenue.
Additionally, countries such as Venezuela and Nigeria, despite having rich reserves of crude oil and natural gas have economic and political instability which has impaired their oil supply. Besides this, the Russian – Ukraine war resulted in a hike in resin prices, further increasing the cost of plastic-based secondary packaging solutions. Hence the trend of increase in raw material prices is going to negatively impact the global shipping container liners market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Shipping Container Liners Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Greif Inc. - The company offers shipping container liners such as Conitex Sonoco Tufftube for easy handling.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The food segment is estimated to witness significant growth during the forecast period. The various types of goods that require shipping container lines include rice, wheat, flour, seeds, barley, malt, animal feed, and fruits. Its demand is also increasing due to rising health and safety concerns regarding the transportation and storage of food products and liners providing a cost-effective means of ensuring the same. Moreover, global food exports as a proportion of total merchandise exports have been increasing over the years, as per World Bank data.
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The food segment was the largest segment and was valued at USD 416.54 million in 2017. Other reasons container liners are preferred for this segment include ease to clean and sanitize, cost-effectiveness, reusability, and ease of fitting to standard shipping containers. Increasing global exports of food products can ensure timely delivery and maintenance of quality by opting for maritime trade using shipping container liners. Hence, all of these above factors are likely to boost the growth of the global shipping container liners market via the food segment during the forecast period.
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APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. China, India, and Japan are among the top 10 global agriculture producers and are responsible for vastly exporting food to neighboring countries, the Americas, and Europe. China, for example, is the world's largest tea producer and exporter and also accounts for 50% of global fresh vegetables and 27% of fruits. In India, it was reported that agricultural activities served as the occupation of 41.9% of the total population in 2020. The regional agricultural sector is also expected to see further expansion due to large-scale government initiatives. Such trade patterns positively impact the demand for container liners.
Additionally, the increasing demand for commodity chemicals and specialty chemicals will influence distribution and warehousing in various other developing countries such as South Korea, Japan, Hong Kong, Singapore, and New Zealand due to increasing consumer disposable income. These countries have massive growth potential due to their skilled labor market, excellent infrastructure, and commendable communication and transportation system. This will also result in an expanding drug manufacturer base in the region to tap into potential markets such as Myanmar and Vietnam. This large-scale demand and supply of agricultural goods and chemical goods particularly through the Trans-Pacific Partnership shall require greater and more efficient transportation and perseveration facilities further boosting the growth of the shipping container liners market during the forecast period.
During the COVID-19 pandemic, economic slowdown and massive supply chain disruptions in the global capitalistic economy hampered the growth of the regional market as well. However, after the easing of restrictions and large-scale vaccinations, governments have been implementing technologically driven schemes to improve the ease of doing business. For example, India has created the National Logistics Portal (NLP), a unified logistics system for supply chain integration over various modes of transport. All these factors are likely to result in a gradual and moderate growth in the regional shipping container liners market during the forecast period.
The shipping container liners market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Shipping Container Liners Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.75% |
Market growth 2023-2027 |
USD 236.54 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.28 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 33% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amcor Plc, AP Moller Maersk AS, Berry Global Inc., Bulk Flow, Bulk Handling Australia Group Pty Ltd., CDF Corp., Eceplast Srl, Emmbi Industries Ltd., Greif Inc., Intertape Polymer Group Inc., LC Packaging International BV, Ozerden Plastik Sanayi ve Ticaret AS, Palmetto Industries International Inc., Praxas B.V., Protek Cargo, Rishi FIBC Solutions Pvt. Ltd., Thermal Packaging Solutions Ltd., THRACE PLASTICS CO S.A., United Bags Inc., and Ven Pack |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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