Global Market Insights presents the Air Cargo Containers Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue. —
Increasing requirement for pharmaceutical industry to transport temperature sensitive products, particularly vaccines in short duration supports the air cargo containers market proliferation. Additionally, development in supply chain approach and temperature control regulations (TCR) by International Air Transport Association (IATA), to address challenges in handling and transporting, healthcare and pharmaceutical products further augments the industry share till 2024. The standard includes time and temperature sensitive label, acceptance checklist for shipments, for reducing potential product mishandling, propelling the market growth over the projected timeframe.
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The global economic downfall coupled with increasing trade protectionism is considerably hampering the world trade. Additionally, volatility in fuel prices is further posing a threat to the air cargo containers market place. However, trade agreements between countries will minimize the threat of trade protectionism over the forecast timeframe. For instance, the Organization for Economic Co-operation and Development (OECD) estimates that implementation of the WTO Trade facilitation Agreement (TFA) is expected to reduce trade cost between 12% to 18%.
Based on weight cargo aircraft segment is further sub divided into standard body (less than 45 tons), medium widebody (40-80 tons), and large (greater than 80 tons) aircrafts. Increasing demand of regional express services in emerging economies will boost the standard body aircraft. Additionally, replacement of retiring airplanes and expansion of fleet to meet projected traffic growth will further increase the demand for freighters over the forecast timeframe, positively influencing the air cargo containers market place till 2024.
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Asia Pacific will contribute significantly towards the air cargo containers market place. This growth is attributed to the proliferating e-commerce activities across the region. Further, the increasing trade activities including transportation of cargo and goods related to the pharmaceutical industry is further strengthening the market proliferation till 2024. Industry participants are offering innovative solutions for pharmaceutical products transportation across the region. For instance, J Solutions Pharma offers innovative JALCARGO solutions certified by GDP, IATA, and TCR for transporting specialized pharmaceuticals that require controlled temperature environment, providing a positive outlook for the industry expansion.
Few players in the air cargo containers market place include Nordisk Aviation, Vinyl Technology, Inc., VRR, Dyneema, Granger Plastics Company, Satco Inc, Cargo Composites, Safran, Nordisk Aviation Products, Horizon International Cargo, Delta Air Lines, Inc., ACL Airshop, DoKaSch GmbH, Envirotainer AB, and PalNet GmbH Air Cargo Products.
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