Press release
Perishable Goods Sea Transportation Global Market 2024 - Key Drivers, Growth Factors, Technological Development, and Forecast until 2033
Perishable Goods Sea Transportation Global Market
The perishable goods sea transportation market size is expected to see strong growth in the next few years. It will grow to $2.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to evolving consumer preferences for freshness, expansion of emerging markets, introduction of advanced packaging solutions, global efforts to reduce food waste, rising demand for organic and locally sourced products.. Major trends in the forecast period include technology integration, direct-to-consumer trends, digital platforms for booking and tracking, risk mitigation strategies, adoption of smart technologies in cold chain management, integration of real-time monitoring systems..
Market Overview -
Perishable goods sea transportation refers to the transportation of temperature-sensitive goods by sea in refrigerated ships outfitted with proper air circulation systems and temperature-controlled intermodal cargo containers.
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Perishable Goods Sea Transportation Market Surges With Global Demand For Processed Foods
The rising demand for processed food across the globe is expected to propel the growth of the perishable goods sea transportation market forward. Processed foods refer to any foods that have been altered in some way during preparation from their natural states, such as being washed, heated, pasteurized, canned, cooked, frozen, dried, dehydrated, mixed, baked, or packaged. Perishable goods sea transportation is used to transport processed food in refrigerated ships that are fully equipped with air circulation systems to ensure the freshness of the food. For instance, in 2022, according to an article shared by Soocial, a US-based branding firm specializing in slogans, premium domain names, and brand naming, one in every five people in the UK consumes prepared meals every week. The market share for ready-to-eat food in North America was 41.4% last year. Therefore, the rising demand for processed food across the globe is driving the growth of the perishable goods sea transportation market forward.
Competitive Landscape -
Major companies operating in the perishable goods sea transportation market report are A.P. Moller - Maersk A/S, C.H. Robinson Worldwide Inc., CMA CGM Group, Deutsche Post DHL Group, DSV Panalpina A/S, Kuehne + Nagel International AG, Mediterranean Shipping Co SA, Mitsui O.S.K. Lines Ltd., Orient Overseas Container Line, Schenker AG, Nippon Yusen Kabushiki Kaisha, Swift Transportation, CRST International, Africa Express Line Ltd., Bay & Bay Transfer Co. Inc., COSCO Shipping Co. Ltd., FST Logistics, Hanson Logistics Ltd., Hapag-Lloyd AG, Swift Cargo Pvt. Ltd., Amigo Logistics, Shoolin Shipping Services (I) Pvt Ltd., All India Frozen Food Carrier, Ashwini Transport Company, Hellmann Worldwide Logistics SE and Co KG, MSC Mediterranean Shipping Company S.A., Seatrade Reefer Chartering NV, Seaboard Marine Ltd., Swire Pacific Cold Storage Ltd., Interocean Management Corporation, United Arab Shipping Company, ZIM Integrated Shipping Services Ltd., Crowley Maritime Corporation, Hamburg Sud, Mediterranean Shipping Company .
Perishable Goods Sea Transportation Market Transformed By Technological Innovations In Freight Management
Technological advancements in freight management have emerged as a key trend gaining popularity in the perishable goods sea transportation market. Major industry players are integrating new technologies into freight management systems, allowing for faster and more intelligent transportation of perishable goods. The Internet of Things (IoT), radio frequency identification for effective shipment tracking, advanced machine learning, and cloud-based and advanced security solutions are among the cutting-edge technologies incorporated. For instance, in January 2022, Kuehne + Nagel International AG, a Switzerland-based transport and logistics company operating in the perishable goods sea transportation market, launched the Seaexplorer disruption indicator that offers insights on sea freight disruptions in addition to advanced analytics and trends on the current situation affecting global trade. The indicator with data analytics provides trend line information that improves customers' ability to predict and plan for probable future supply chain impacts and determine the best course of action.
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Key Segments -
The perishable goods sea transportation market covered in this report is segmented -
1) By Type: Domestic Transportation, Outbound Transportation
2) By Order Type: Export, Import
3) By Application: Meat Chicken, Fish And Shellfish, Vegetables And Fruits, Bread Candy And Snacks, Dairy Products And Frozen Desserts, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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