growing seaborne trade is driving the Shipping Container Liners Market
Technavio analyzes that the Shipping Container Liners Market is expected to grow at a CAGR of 3.68% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 239.3 million.There are various factors that contribute to the growth of the market. The seaborne trade industry is experiencing significant growth, leading to an increased demand for shipping container liners. These liners play a crucial role in ensuring the safe and efficient transportation of goods by container ships. The market for shipping container liners is expected to expand at a steady pace, driven by the rising volume of international trade and the continuous modernization of container shipping fleets. The use of advanced materials and technologies in the production of container liners further enhances their durability and load-bearing capacity, making them an essential component of the global supply chain.
In the realm of bulk cargo transportation, shipping container liners play a pivotal role in safeguarding food products during transit and storage. These liners, fabricated from materials such as Polyethylene, Polypropylene, Metalized Films, and Polyvinyl Chloride, are specifically designed to fit within shipping containers, offering an extra shield against moisture, contamination, and physical damage. Key industries benefiting from container liners include food and beverage, with a focus on grains, flour, sugar, spices, seeds, barley, malt, animal feed, and fruits. The global food industry's demand for container liners is on the rise due to their hygienic and cost-effective attributes. Moreover, the increasing urbanization and subsequent growth in food exports are driving market expansion. According to World Bank data, food exports as a percentage of total merchandise exports have been steadily increasing since 2010. Pharmaceutical companies also utilize container liners to maintain the integrity of their temperature-sensitive products during transportation. Trade regulations mandate the use of certified liners to prevent product contamination, further fueling market growth. Company overviews and financials of leading players in the container liners market include names such as DuPont, Sealed Air Corporation, and LINPAC Group. These companies have demonstrated consistent revenue growth and innovation in their product offerings, catering to the diverse needs of various industries.
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Shipping Container Liners Market Segmentation
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The Shipping Container Liners Market is witnessing a surging demand due to the increasing usage in seaborne transportation of bulk cargo, including liquids and minerals. These liners offer protective packaging for cargo during transporting and shipments, preventing product contamination. Urbanization and the growth of industries, particularly in pharmaceuticals, require the use of container liners in repository facilities. Made from materials like Polyethylene, Polypropylene, Metalized Films, and Poly vinyl chloride, these liners ensure protection against temperature variations, fire, bad weather, theft, impacts, and deterioration for cargo during transportation. Operational revenue for container liner manufacturers continues to grow as a result.
The global shipping container liners market is characterized by a complex supply chain, encompassing various stakeholders from raw material suppliers to end-users. Suppliers play a crucial role in the value chain, providing essential inputs such as metal, glass, and plastic container raw materials. These include steel, aluminum, tin for metal containers; borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass containers; and high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) for plastic containers. The surge in demand for seaborne transportation of bulk liquids, minerals, and protective packaging for various goods necessitates the operational revenue generation for these suppliers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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