Unlocking Growth The Reefer Container Market

In 2023, the reefer container market was 4,004.7 thousand twenty-foot equivalent units (TEU), and it will rise to 7,142.8 thousand twenty-foot units, with an 8.8% compound annual growth rate, by 2030.

Reefer Container Market Report (2024 - 203 - Size and Share Analysis @ https://www.psmarketresearch.c....om/market-analysis/r

This is because of the rising need for pharmaceutical drugs globally, the advancing e-commerce sector, the innovation of real-time monitoring technology, and the growing count of trade routes.

The pharmaceutical sector has observed growth over the last few years, with major players increasing their consumer base across the globe. Most pharmaceutical medicines are highly sensitive to temperature and must be stored as well as transported in a temperature-controlled environment, to preserve their efficacy and other properties.

The flourishing e-commerce sector globally is also a major driver for the growth of this industry. The e-commerce sector is mainly driven by price as well as convenience benefits as consumers search for an ideal deal on goods that are delivered swiftly.