Nearly 90 per cent of world trade moves by shipping container, and refrigeration has transformed the global food industry. Thanks to initiatives by companies such as Maersk and Traxens, “smart” reefers now help track where goods are, when temperatures fluctuate, and when the containers are jolted.
Startups such as TripWire and Freightos are regarded as the “Ubers” of shipping,
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The World Bank’s latest Doing Business Report reveals improved rankings for many countries in the East African Community (EAC), such as Rwanda and Kenya, climbing up 15 and 12 places, respectively, from last year.
This development has had a positive impact on the East African container trade market, which continued to see improvements in both imports and exports.
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For Kenya’s avocado exporters, the inception of controlled atmosphere containers has created a fundamental change.
Before the new technologies were available, the Middle East had been as far as the exporters could reach in containers.
Now, Europe, where the fruit sells for roughly triple the price, is within reach.
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Reefer Container Market is highly driven by rise in international trade and easy navigation facilities; reefer containers have been replacing temporary warehouses, as the former lower packaging and labor costs.
Reefer containers are refrigerated insulated containers used to ship temperature-controlled cargos such as fruits, fish, meat, vegetables, and dairy products. They are also used to ship inedible products such as flowers, pharmaceuticals, and chemicals.
Based on geography, the reefer container market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa, and Latin America. Of these, APAC and North America are the leading markets. Both these regions are technologically advanced and have some of the key manufacturers of reefer containers. These regions are also known to engage in extensive overseas trade across the globe.
Browse Report@ https://www.transparencymarketresearch.com/reefer-container-market.html
Key players operating in the reefer container market are Daikin (Japan), Klinge Corporation (the U.S.), Singamas (China), Fortune Container Trading (HK) Limited (China), and Global Sea Containers Limited (the U.S.). These companies are leading in terms of manufacture of reefer containers. Major vendors operating in the market include Maersk Line (Denmark), MSC (Switzerland), and NYK Line (Japan).