Technavio recently released a report that boded well for the future of the container liners industry. The report, Global Shipping Container Liners Market 2017-2021, took into account in-depth market analysis and projected a compound annual growth rate of 3.42% over the coming years.
What Is A Shipping Container Liner?
Shipping container liners are coverings that protect the products within a cargo shipment. They are installed inside the container and serve as an inner-wall that prevents direct contact between the container and the goods. Installing container liners eliminates the need for goods to be packaged individually in smaller units.
SureTemp’s Prime Transoceanic Liner is a foil liner application that is designed to insulate and protect against radiation, container rain, and cargo sweat. These six-sided liners can be easily installed on-site and can reduce thermal shock from port to inland journey.
Six Important Factors
There are six important things to consider regarding the expected growth of the global shipping container liners market.
- A key trend is the increased innovation that’s been seen throughout the industry. Liners are becoming more useful.
- The increase from the pharmaceutical sector for cold chain shipping options is seen as a growing trend. Although air freight is the quickest way to transport pharmaceuticals, it is also the most expensive. Vendors have shifted to sea freight, which increases the necessary innovation for cold chain methods.
- There has been a growing number of ultra-large container vessels. It’s expected that this growth will continue over the next five years.
- The increase in seaborne trade serves a tremendous market driver. This method is becomingly increasingly preferred because it is highly cost-efficient.
- The increase in demand from the Asia-Pacific also serves as an important market driver.
- The forecast for growth is promising, with a projected valuation of $1,008.32 million by 2021.
Shakti Jakhar, a lead packaging research analyst at Technavio, said, “With the expected increase in the transport of pharmaceutical products by sea, there is an opportunity for vendors in the global shipping container liners market. The global shipping container liners market is also projected to grow with the increase in transport of temperature and climate-sensitive products.”
