The container washing system market size is projected to reach US$ 997.3 million by 2031 from US$ 775.5 million in 2023. The market is expected to register a CAGR of 3.2% in 2023–2031. The rising adoption of reusable containers and the emergence of container rent services are among the key factors driving the container washing system market.
Container Washing System Market Analysis
The global container washing market is gaining traction owing to the rising adoption of reusable containers in the supply chain for storing and transportation and the emergence of rental containers due to the highly volatile dynamics of today’s business. Further, the growing inclination for automation of various operations in facilities in order to increase overall efficiency is among other factors that are driving the growth of container washing systems. However, the high cost of container washing systems is hindering the growth of the container washing system market. Meanwhile, the growing inclination for safety in the workplace is anticipated to create ample opportunities for the container washing system market players.
Container Washing System Market Overview
The food & beverages industry worldwide uses different shapes and sizes of crates for all sorts of purposes. The cleaning of these crates is one of the industry's significant processes before the transportation of food products to decrease contamination. The American population is becoming more health conscious and focusing on consuming different types and sources of processed food. Thus, the overall processing of these food products requires proper safety by cleaning the containers. Similarly, the healthcare sector in the region is booming. The medical devices are stored in containers to avoid contamination, and these containers must be periodically cleaned.
Similarly, the medicine manufacturing industry takes proper precautions while mixing the composition of different chemicals in a container while making medicines; thus, cleaning the containers is a crucial step. Therefore, the installation of container washing systems is boosting across the food & beverages and healthcare industries. Several container washing system manufacturers are focusing on the development and expansion of their businesses across the world.
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Container Washing System Market: Strategic Insights
Market Size Value in US$ 720.45 Million in 2019 Market Size Value by US$ 845.44 Million by 2027 Growth rate CAGR of 2.88% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Container Washing System Market: Strategic Insights
| Market Size Value in | US$ 720.45 Million in 2019 |
| Market Size Value by | US$ 845.44 Million by 2027 |
| Growth rate | CAGR of 2.88% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Container Washing System Market Drivers and Opportunities
Emergence of Mobile Container Washing Systems
A majority of container washing systems developed are stationary. Owing to the changing dynamics of business operations and to overcome the hurdle of transporting the containers to the place of washing, Villiger Entsorgungssysteme AG offers mobile container washing systems. The container washing system is mounted on the back of the truck and is powered by diesel. The container washing system is equipped with a high-pressure nozzle and brushes for cleaning semi-underfloor, above-floor, and underfloor containers. The system is also attached to collecting troughs and tanks for waste and freshwater. The mobile container washing system eliminates the need for system installation in a specific place, thereby enabling flexibility and reducing the cost of transporting a large number of containers from one place to another for cleaning operations.
Growing Concerns Toward Laborers’ Hygiene and Safety
Safety in the workplace is one of the crucial parameters for organizations. Organizations are obliged to provide the necessary infrastructure with regard to the health and safety of employees. Laborers working in facilities that cater to hazardous substances, such as toxic chemicals, need to be equipped with the necessary safety gear and equipment for performing various operations. The regulatory standards with regard to hygiene and sanitation in the food & beverages and healthcare sectors are increasing. Thus, the growing need for safety at the workplace, backed by increasing hygiene and sanitation standards, is anticipated to create ample opportunity for players operating in the container washing system market.
Container Washing System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the container washing system market analysis are technology and application.
- Based on technology, the container washing system market has been divided into automatic container washing systems and semi-automatic container washing systems. The automatic container washing system segment held a larger market share in 2023.
- Based on the application, the container washing system market has been divided into food & beverage, chemical, healthcare/pharmaceutical, oil & gas, and others. The food & beverage segment held a larger market share in 2023.
Container Washing System Market Share Analysis by Geography
The geographic scope of the container washing system market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Asia Pacific has registered the highest growth rate in the container washing system market during the forecast period. The Asia region includes Australia, China, India, Japan, South Korea, & the Rest of Asia Pacific. Asia Pacific is characterized by the rapid industrialization, rising disposable incomes, & a large young population. The Asia Pacific is projected to create the highest growth opportunities due to the growing adoption of packaged food in the region. Further, the high growth rate of the pharmaceutical and healthcare sector, coupled with the rising consumption of fossil fuel in APAC, is subsequently propelling the growth of the market. The region's oil & gas industry is forecasted to witness an increase in mergers and acquisitions, and final investment decisions (FIDs). The growth of the oil and gas sector will fuel the upstream and downstream activities—the growing oil & gas industry demand for container washing systems used for storing and transporting oil. Thus, growing investment across the oil & gas industry would accelerate the adoption of container-washing systems.
Container Washing System Market Report Scope
Container Washing System Market News and Recent Developments
The container washing system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for container washing systems market and strategies:
- In October 2023, Newman unveiled new advantages with Archview Tank Wash. This has strengthened the presence and product offering of the company in this market.
- In November 2020, SF Engineering’s partners at UNIKON made several technical improvements to the UN series of industrial washers to make the machines even more hygienic. Some of the improvements that have been made are chamfer for water drainage, extension of the tank, screws instead of welding, retrofitting rotary filter, control cabinet, separate zones, connection of fan and airknives, and drainage of condensation water.
Container Washing System Market Report Coverage and Deliverables
The “Container Washing System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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