Air Cargo Container Market Size

Air Cargo Container Market Size

Air Cargo Container Market size valued at USD 1.48 billion in 2020 and will grow at a CAGR of 3.8% from 2021 to 2027. Rising export of pharmaceutical products across the world is expected to increase industry demand.

The proliferation of the e-commerce industry has put various sales channels under pressure for fast delivery and more efficient supply chain. Numerous third-party logistics players are offering more multidimensional services including air cargo service as a critical mode of goods transportation. In general, goods transported by air are perishables and high-value products including foods & beverages, pharmaceuticals, biological products, computers, and consumer electronics, which are also the fastest-growing trade flows among various countries. Growing overall cross-border trade is anticipated to drive the demand for the air cargo market.

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Air cargo containers or Unit Load Devices (ULD) are solid vessels that are used to store luggage, freight or other cargo. It includes refrigerated and non-refrigerated containers that can accumulate large quantity of cargo as a single unit. The shape and size of containers varies depending upon the consumer requirements and cargo type. These containers should be compatible with cargo handling systems and are designed to fit in the aircraft equipment.