The box industry is witnessing huge growth over the last few years. The technological companies and Smart containers manufacturers integrate cutting-edge technology and IoT sensors into a logistics supply chain on the blockchain. Automotive, agriculture, food & beverage, consumer electronics, oil & gas, healthcare, and chemicals, among others, are some of the major users of smart containers globally. Domestics and overseas trade of goods such as consumer goods, oil, food items, drugs & medicines, and many more owing to rising customers demand from diversified industries. In the food industry, demand for processed, semi-processed, frozen, and organic food products is high globally.
Market leaders are involved in taking up various market initiatives such as geographical expansion, product innovations by implementing advanced technologies, partnerships, contracts, joint ventures, funding, and inaugurating new offices across the world to maintain brand name globally. For instance, in 2020, Traxens announced that it would open a representative office in Shenzhen, China – its first office outside of France – to respond to the increasing need for more Asian exposure and local support for its global customers, In line with its international expansion strategy.
Many well-known, as well as small local companies, are present in the market to provide smart container related software and solution to diversified industries. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of smart container to enhance their customer portfolio and expand footprint in different geographies.
Market share of Smart Container Market is dominated by companies like
· Zillionsource Technologies
· Smart Containers Group AG
· Globe Tracker, APS
· Nexxoit AG
· Philips Connect Technologies