(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Dec. 30, 2024 (GLOBE NEWSWIRE) -- The "Container market in India" report has been added to ResearchAndMarkets.com's offering.
In 2023, the container port traffic in India stood at 20.22 million TEUs (twenty-foot equivalent units), expanding at a compound annual growth rate (CAGR) of ~3.53% during the 2018 - 2023 period.
India's container market is evolving rapidly, driven by increased trade activities and government initiatives like Sagarmala. The market's growth aligns with India's INR 424.35 Trn (~USD 5 Trn) economic vision, underpinned by expanding port infrastructure and manufacturing capabilities. Key players like CONCOR and Adani Logistics, alongside global trade recovery, are enhancing India's position in containerized logistics. Innovations and domestic production of shipping containers are expected to reshape the sector, meeting both domestic and export demands.
Market insights:
This growth is fuelled by rising imports, exports, and port modernization efforts, with JNPA alone handling over 78 million tonnes of container traffic. The Atmanirbhar Bharat initiative promotes domestic container manufacturing, reducing dependence on imports. Investments in smart port technologies, single-window clearances, and private sector partnerships are optimizing operations, boosting India's share in global container trade.
Furthermore, initiatives like the multi-modal logistics parks and direct port delivery systems are streamlining container movement across India. The market is poised for robust growth, driven by enhanced connectivity and government reforms in maritime trade.
Market trends:
Emerging trends include rising demand for eco-friendly and digitized container solutions, such as smart containers equipped with IoT for tracking. Ports like Mundra and JNPA are integrating advanced cargo management systems. The shift towards coastal shipping and inland waterways reduces transportation costs and environmental impacts. India's focus on self-reliance in manufacturing containers has gained momentum, with investments from steel producers.
Additionally, the rising trade of temperature-sensitive goods like pharmaceuticals has spurred demand for refrigerated containers. The adoption of green shipping corridors aligns with India's sustainability goals. Post-pandemic recovery in global logistics and growing e-commerce are other key drivers shaping the market landscape.
Growth opportunities:
India's container market offers significant opportunities, especially in container manufacturing, supported by shipyard utilization and steel industry collaboration. Government-backed incentives like the PLI Scheme encourage domestic production. Expanding trade with neighbouring countries under initiatives like BIMSTEC opens avenues for increased containerized exports. Logistics infrastructure, including dedicated freight corridors and multi-modal parks, enhances capacity.
Growing demand for specialized containers, such as reefers, aligns with the export surge in perishables. Emerging technologies in automation and blockchain offer further efficiencies in container handling. Additionally, privatization of port terminals encourages competitive pricing and innovation. Overall, leveraging these opportunities can enable India to strengthen its foothold in global maritime logistics.
Key Topics Covered:
Chapter 1: Executive Summary
Chapter 2: Socio-Economic Indicators
Chapter 3: Introduction
3.1. Market Definition and Structure
3.2. Container Market in India - Value Chain Analysis
Chapter 4: Market Overview
4.1. Container Market in India - An Overview
4.2. Container Port Traffic in India (2018 - 2023)
4.3. Port-wise share of cargo handled during April 2023 - October 2024
4.4. Growth Trend in Cargo Traffic Handled by Major Ports
4.5. Major Port-wise Monthly Cargo Handled (in tons)
4.6. Commodity-wise Growth of Cargo Handled by Major Ports (in tons)
Chapter 5: Market Influencers
5.1. Market Drivers
5.2. Market Challenges
Chapter 6: Government Initiatives
6.1. Key Initiatives by the Government that Support the Container Market in India
Chapter 7: Market Trends
7.1. Key Market Trends
Chapter 8: Growth Opportunities
8.1. Growth Opportunities
Chapter 9: Competitive Landscape
9.1. Bharat Heavy Electricals Limited (BHEL)
Company Information Business Description Products/services Key People Financial Snapshot Key Ratios Key Financial Performance Indicators Key Business Segments Key Geographic Segments
9.2. Container Corporation of India (CONCOR)
9.3. Jupiter Wagons Limited
9.4. Adani Logistics Limited
9.5. Aegis Logistics Limited
9.6. Braithwaite & Company Limited
9.7. DCM Containers and Engineering Private Limited
9.8. Gateway Distriparks Limited
9.9. Kalyani Cast Tech Private Limited
9.10. Navkar Corporation Limited
Chapter 10: Recent Developments
10.1. Recent Developments
Chapter 11: Appendix
11.1. Research Methodology
11.2. About the publisher
11.3. Disclaimer
Companies Featured
Bharat Heavy Electricals Limited (BHEL) Container Corporation of India (CONCOR) Jupiter Wagons Limited Adani Logistics Limited Aegis Logistics Limited Braithwaite & Company Limited DCM Containers and Engineering Private Limited Gateway Distriparks Limited Kalyani Cast Tech Private Limited Navkar Corporation Limited
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