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Worldwide Freight Forwarding Industry to 2026 – Asia-Pacific is Anticipated to Witness High Growth


Dublin, June 10, 2021 (GLOBE NEWSWIRE) — The “Freight Forwarding Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The global freight forwarding market is expected to grow steadily with a CAGR of more than 4% during the forecast period. The growth in international trade volumes is a major driver for the freight forwarding market. Moreover, the rise in trade agreements between countries is also contributing to the growth of the market. Asia-Pacific is the fastest growing and the largest market for freight forwarding, with the Chinese freight forwarding market holding the maximum share.

Being non-asset based, the sector is facing high competition from other players in supply chain and technology-based companies which are disrupting the freight forwarding market. The market is one of the sectors that were hit the hardest by the COVID-19 outbreak in 2020. With the lockdown in many countries and a major focus on the production of essential products, the volumes of air and ocean freight have fallen significantly in 2020. However, the market is now recovering backed by the manufacturing and e-commerce industries; especially the air freight forwarding market with significant thrust during the period as reported by the International Air Transport Association (IATA) in January 2021.

Key Market Trends

Sea Freight Forwarding to experience high growth rate through the forecast period

The global sea freight forwarding market is booming, owing to the growing internet penetration, increasing purchasing power parity, developments in infrastructure (ports, containers, and ships with new technologies), and services designed particularly for the e-commerce industry.

Sea freight forwarding is preferred by several end-user industries, and several strategic partnerships are also likely to promote the growth of sea freight forwarding during the forecast period. The growing global cross border e-commerce market is also driving the less-than-container load (LCL) volume and is positively impacting the sea freight forwarding market growth.

Factors, such as the growing trade volume in European trade routes, the increasing container port throughput, and the rising number of FTAs will significantly drive sea freight forwarding market growth in this region during the forecast period.

Germany and the United Kingdom are the key markets for sea freight forwarding in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Asia-Pacific is anticipated to witness high growth through the forecast period

The global logistics industry is going through an uncertain period due to COVID-19. The Asia-Pacific market is one of the few regions that are still growing despite the pandemic.

For the freight and logistics market, Asia-Pacific is the fastest-growing region, globally. This is due to the increasing logistics in ASEAN countries and the presence of major economies, like China and India. Additionally, the high government support for the logistics sector in the region is also a factor boosting the industry growth.

China is the largest manufacturer in the region and in the world, with an increasing demand for pharmaceutical products and essentials. China reopened its factories way before other countries, as a result, it is still leading the freight forwarding market, globally.

Also, leading countries in the region are observing faster technological integration in the logistics process. In India, 80% of freight moves by road, and the trucking industry is adopting industry-leading tracking technology to trace and predict the exact delivery times. Thailand is incorporating IBM and Maersk’s blockchain project to streamline its shipment monitoring processes.

Competitive Landscape

The global freight forwarding market is made up of large number of players. However, the top 20 players dominate the market accounting for more than 50% of the total market. Leading players in the market include DHL Global Forwarding, Kuehne + Nagel International AG, DB Schenker, DSV and Expeditors International.

As the freight forwarding market is growing steadily and there exists abundant opportunity, the players need to embrace technologies, become more digitized, and increase the scale and efficiency of their operations. Having a strong network spanning across the globe is important for companies. As the industry is highly competitive and witnessing huge transformations, the companies need to develop specialized solutions to improve customer experience.

Companies are constantly under pressure to minimize cost and optimize operational efficiency. In the wake of investment shifts and diversification of global supply chains, international investors are increasingly interested in mergers and acquisitions in the ASEAN logistics market. Global logistics companies have been expanding in the ASEAN region, because of the increase in commerce and trade activities. As such, investment opportunities for the sector have been increasing accordingly.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Value Chain/Supply Chain Analysis
4.3 Government Regulations and Initiatives
4.4 Technological Trends and insights on E-Freight Forwarding Market
4.5 Insights on E-Commerce Industry in the Region (Domestic and Cross-Border)
4.6 Spotlight – Freight Transportation Costs/Freight Rates
4.7 Brief on Freight Transport Corridors
4.8 Impact of COVID-19 on the Freight Forwarding Market

5 MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints/Challenges
5.3 Market Opportunities
5.4 Industry Attractiveness – Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitute Products
5.4.3 Bargaining Power of Buyers/Consumers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry

6 MARKET SEGMENTATION
6.1 By Mode
6.1.1 Air Freight Forwarding
6.1.2 Sea Freight Forwarding
6.2 By Geography
6.2.1 North America
6.2.1.1 United States
6.2.1.2 Canada
6.2.1.3 Mexico
6.2.2 Europe
6.2.2.1 Germany
6.2.2.2 France
6.2.2.3 United Kingdom
6.2.2.4 Netherlands
6.2.2.5 Italy
6.2.2.6 Rest of Europe
6.2.3 Asia-Pacific
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 Australia
6.2.3.4 India
6.2.3.5 Singapore
6.2.3.6 Malaysia
6.2.3.7 Indonesia
6.2.3.8 Vietnam
6.2.3.9 South Korea
6.2.3.10 Rest of Asia-Pacific
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Chile
6.2.4.3 Rest of South America
6.2.5 Middle East & Africa
6.2.5.1 South Africa
6.2.5.2 United Arab Emirates
6.2.5.3 Saudi Arabia
6.2.5.4 Qatar
6.2.5.5 Rest of Middle East & Africa

7 COMPETITIVE LANDSCAPE
7.1 Overview (Market Concentration, Major Players)
7.2 Company Profiles
7.2.1 DHL Supply Chain & Global Forwarding
7.2.2 Kuehne + Nagel International AG
7.2.3 DB Schenker
7.2.4 DSV
7.2.5 Sinotrans
7.2.6 Expeditors International
7.2.7 Nippon Express Co., Ltd.
7.2.8 CEVA Logistics
7.2.9 UPS Supply Chain Solutions
7.2.10 Kerry Logistics
7.2.11 Bollore Logistics
7.2.12 C.H.Robinson Worldwide Inc.
7.2.13 GEODIS
7.2.14 Yusen Logistics/NYK Logistics
7.2.15 Agility Logistics*

8 FUTURE OF THE MARKET

9 APPENDIX
9.1 Freight Volume Movement Statistics for Key Countries

For more information about this report visit https://www.researchandmarkets.com/r/pxkycg


        



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High logistic costs hinder Delta agriculture exports | Business | Vietnam+ (VietnamPlus)


High logistic costs hinder Delta agriculture exports hinh anh 1High cost of air transport and the inability to preserve fresh produce for a long time are among the logistic challenges that the Mekong Delta is facing. –(Photo baoangiang.com.vn)

Can
Tho (VNS/VNA)
Agriculture exports from the Mekong Delta are facing logistical
challenges, affecting their competitiveness overseas.

Dong Van Thanh, Chairman of the Hau Giang provincial People’s Committee, said
the Mekong Delta exports millions of tonnes of agriculture products every
year but the region is facing many logistical choke-points.

The region is lacking key logistics hubs and storage areas for empty
containers and products at ports. Goods have to be transported through many
areas before reaching HCM City for export, which increases the cost.

Ngo Tuong Vy, Deputy Director of the Chanh Thu Fruit Export and Import Co. Ltd
in Ben Tre province, said that the cost of air transport of fresh
fruits to the US and European markets have increased greatly over the
years.

For example, the cost for air shipping fresh fruits to the US used to be around
3.5 USD per kilo a few years ago, but now has risen to 6 USD per kilo.

This is affecting their competitiveness overseas and reducing the amount of
fruit shipped there.

However, since preservation technology for many fruit products is not good
enough, they have to rely on air transport.

The cost of ocean transport of fruit is 15 times cheaper than air, so
better preservation technology to maintain quality on
longer container trips is important, she said.

Pham Tien Hoai, General Director of the Hanh Nguyen Logistics, said that the
logistics costs of Vietnam’s agricultural products are high, usually accounting
for around 30 per cent of their final prices, so they struggle
to compete with goods from other suppliers such as China, Thailand
and Indonesia.

Vo
Thanh Phong, general director of Hau Giang Maritime Service Co. Ltd, said the
Government needs to continue its effort to improve and
enlarge waterways in the Mekong Delta so that large vessels can easily
travel through different regions, reducing transport time and costs.

Le Tien Chau, provincial party secretary of Hau Giang, said that for 2021 –
2026 the province will invest around 18 trillion VND (777.99 million USD) to
improve traffic infrastructure and region connectivity.

Every year the Mekong Delta accounts for 90 percent of the country’s rice
exports, and 70 percent of fruit exports./.





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High container freight rates leave commodity traders scrambling for alternatives




Commodities across the metals, petrochemicals and agriculture sectors that typically ship in container vessels are increasingly turning to dry bulk vessels and other modes of transport as container freight costs soar, market sources told S&P Global Platts March 25.

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The Platts Container Index, a weighted average of the spot freight cost on key container trade routes, was last assessed at $4,495.59/FEU — more than 3.5 times higher than a year earlier.

With container rates on some key routes currently four times higher than previous record highs, some cargo owners are seeking alternatives. This has boosted rates on smaller coaster and Handysize vessels, especially in the UK-Continent, with some scrap cargo owners opting to take bulkers rather than containers to reduce costs.


“It’s costing me almost $200/mt to move my goods from China to Europe, whereas this time in 2019 I could expect to see a charge of $50 or $60/mt for the same cargo,” a UK-based importer said.

“With rates on containers looking to stay significantly high for some time as carriers employ void sailings, I expect my arbitrages will close. I have to take a full vessel even if I can’t fully load it or consolidate cargo, and even then, it’s still cheaper than box freight — it’s madness,” the importer added.

Ferrous scrap contract terms evolve

In the ferrous scrap market, tight availability of container space and decreased schedule reliability has resulted in contract terms evolving to mitigate risk for both buyers and sellers.

Spot contracts may now provide the seller with the ability to deliver from multiple origins instead of one, while shipment dates are for longer periods.

“One [containerized] contract may now be reflecting origins from the US, with options of coming from Europe too these days, or vice versa,” a trader in west Asia said. “This is just in case we are unable to get shipping space from either side.”

With the increased competition within the bulk market from other containerized commodities shifting preferences, mini-bulk freight rates ex-Japan were heard to have doubled, leading to traders with outstanding contracts to deliver burnt by surging delivery costs.

The cost to ship 5,000 mt of scrap metal from Japan to Vietnam had surged to around $50-$60/mt from $35-$39/mt in Q4 2020, market sources said.

Petrochemical traders switch to break bulk

Polymer sellers in China have started offering cargoes on an FOB instead of delivered CFR basis due to tight container availability and poor schedule reliability. This initially left buyers scrambling for containers, and prompted some to move to bulk carriers.

“For some polymers, where end-users are small and fragmented, the move to bulk cargoes is difficult, but the shift to bulk has started for other segments where buyers have larger units and deeper pockets,” a trader in India said.

This shift is clearly visible in purified terephthalic acid — a solid chemical used for making polyester clothing and plastic bottles — where more buyers are switching to break bulk carriers for shipments to destinations such as India.

The shift started February and has gained traction as buyers figure out ways to handle additional costs such as insurance, demurrage, damage and other port handling charges that are usually lower with containers, one source said.

Around 40%-50% of PTA arriving in India from China in February was by break bulk vessel, traders in India said.

Buyers are banding together to fill up 21,000 mt bulk vessels to transport PTA from China to India, sources said, and the trend was expected to continue as long as there was a container crunch in China.


Asian sugar traders left behind

Container buyers of Asian sugar were holding back on bulk purchases due to high costs and logistical challenges. While it is possible to move white and refined sugar in bulk shipments, traders said it was costly and challenging, and there were not many refined sugar buyers with the flexibility to switch to breakbulk shipments.

“It is possible for container buyers to move sugar in bulk, but generally it doesn’t make sense logistically,” a sugar trader said.

In addition, the rise in freight rates for dry bulk cargoes has made this option as unattractive as containers, traders said.

As a result, sugar traders are opting to defer demand from destination buyers in Q1.

Market sources said a 25,000 mt Handysize vessel from west coast India to Jakarta now costs $45-$60/mt, up from around $20/mt in Q4 2020.

The cost to move 25,000 mt of sugar from Thailand to Indonesia hit a multi-year high at $28.50/mt Feb. 18, almost doubling from $14.30/mt at the start of the year, Platts data showed.


Weakening demand for nearby shipment sugar was being reflected in a narrower structure between the New York No. 11 May and July sugar futures to a 24-point inverse March 23 from a 50-point inverse just after the March 2021 futures contract expired.

“The high freight has led to destination deferring demand, which caused New York May-July 2021 spreads to collapse,” a Singapore-based trader said.

Interest in intermodal transport

Another increasingly popular option was a mix of containers, rail and land.

“Trucking services from Singapore to China then rail to Europe is pretty hot currently,” a Singapore-based source said. “Major multinational companies are looking at road transport because for ocean they do not get certainty even after paying a premium, but land transportation provides visibility.” The source estimated the entire cost at around $30,000 per 40-foot truck.

“Even though this is almost double ocean freight from Singapore to Europe, customers are asking for this service due to the greater reliability,” the source said.

Interest in intermodal transport was also seen in Europe.

“Intermodal rates from southern Europe to the north are still really firm; people can’t afford delays to goods in northern Europe so they are shipping to transshipment hubs in Italy and Spain and then railing their goods inland,” a container carrier said.

Container freight rates from North Asia to the Mediterranean are still at a discount to the North Continent, but the carrier conceded that once rail freight costs were added, this route via the Mediterranean was more costly than direct container freight to the North Continent.

“It’s up to you; pay another $1,000/FEU for rail when the costs are already high anyway, or pay around $10,000/FEU regardless and run the risk of cargo being rolled [delayed to next shipment] or stuck waving at the shore for some weeks, like they have offshore west coast North America,” the source said.

Another source said pricing pressure from containers and dry bulk may have spilled into rail.

“Now there is a huge rise in rail freight and space is very limited on rail,” a Hong Kong-based logistics provider said.



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Sugar-free Tea Market Rising Trends, Huge Demand, Business Strategies, High Growth Rate By 2027 – The Courier


The research report on global Sugar-free Tea market presents an in-depth overview of the market. It analyzes various economic, social, political, demographic, and technological factors affecting the performance of the market during the forecast period of 2021 to 2026. The study evaluates historic data and trends and correlates current developments in the industry to assess the growth trajectory of the global Sugar-free Tea market. Various drivers and restraints that have the potential to impact the market are highlighted in the research. The report shares insights regarding current status and evaluation of the market and predicts the expected CAGR and estimated market evaluation at the end of the forecast period in 2026. It also highlights government regulations and relevant policy frameworks that can affect the global Sugar-free Tea market in coming years.

Sugar-free tea are substitutes for sugar-based tea. These products are artificially sweetened using artificial sweeteners such as aspartame, stevia, neotame, saccharin, and sucralose, etc. These products are often considered to be a healthier option for consumers eager to reduce sugar intake or for preventing weight gain.

MARKET DYNAMICS

The popularity of sugar-free tea is rising significantly among consumers, due to healthy attributes associated with them. These prioducts are considered to be low in calories as artificial sweeteners used are around 600 times sweeter than sugar, this allows the usage of sweeteners in smaller portions.

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Key companies Included in Sugar-free Tea Market:-

  •  Unilever
  •   Coca-Cola
  •   Nongfu Spring
  •   Suntory
  •   ITO EN Inc.
  •   Genki Forest
  •   Vitasoy
  •   CR Cestbon
  •   The Republic of Tea
  •   CR Cestbon

Complete Research of Sugar-free Tea Market:

Many established businesses had to struggle to adjust with the conditions created by the pandemic. Unforeseen social and communal restrictions created problems in supply chain logistics in various industries in the world. Many countries in the world closed their international borders, with some closing their internal state borders for a certain period of time. These measures, along with other regulations such as flight and travel restrictions, workspace attendance restrictions, and closing of offices, shops, and production units were observed. The study assesses overall impact of COV2892514-19 pandemic on the global Sugar-free Tea market. It highlights various threats and opportunities created by the pandemic in the market. Strategies implemented by key incumbent players in the global Sugar-free Tea market to retain their market position have also been included in the study. The report takes a closer look at micro- and macro- economic impact of the pandemic restrictions on the overall market scenario.

TABLE OF CONTENTS

  1. Introduction
  2. Sugar-free Tea Market – Key Takeaways
  3. Research Methodology
  4. Sugar-free Tea Market – Market Landscape
  5. Sugar-free Tea Market – Global Analysis
  6. Sugar-free Tea Market Analysis– by Treatment
  7. Sugar-free Tea Market Analysis– by Distribution Channel
  8. Sugar-free Tea Market Analysis And Forecasts To 2027 – Geographical Analysis
  9. Impact of COVID-19 Pandemic on Global Sugar-free Tea Market
  10. Sugar-free Tea Market – Industry Landscape
  11. Company Profiles
  12. Appendix

 

Sugar-free Tea Market: Regional analysis includes:

  • Asia-Pacific(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • North America (the United States, Mexico, and Canada.)
  • South America (Brazil etc.)
  • The Middle East and Africa (GCC Countries and Egypt.)

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Comprehensive Report on High Temp Oscillators Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2027


High Temp Oscillators, High Temp Oscillators market, High Temp Oscillators market research, High Temp Oscillators market report, High Temp Oscillators Market comprehensive report, High Temp Oscillators market forecast, High Temp Oscillators market growth, High Temp Oscillators Market in Asia, High Temp Oscillators Market in Australia, High Temp Oscillators Market in Europe, High Temp Oscillators Market in France, High Temp Oscillators Market in Germany, High Temp Oscillators Market in Key Countries, High Temp Oscillators Market in United Kingdom, High Temp Oscillators Market in United States, High Temp Oscillators Market in Canada, High Temp Oscillators Market in Israel, High Temp Oscillators Market in Korea, High Temp Oscillators Market in Japan, High Temp Oscillators Market Forecast to 2027, High Temp Oscillators Market Forecast to 2027, High Temp Oscillators Market comprehensive analysis, COVID 19 impact on High Temp Oscillators market, Vectron International, Inc, STATEK CORPORATION, CAP, Golledge Electronics Ltd, Kyocera Kinseki Corpotation, Guangdong Youyuan, RSG Electronic Components GmbH

High Temp Oscillators Market research report is the new statistical data source added by A2Z Market Research.

“High Temp Oscillators Market is growing at a High CAGR during the forecast period 2021-2027. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”.

High Temp Oscillators Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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Top Key Players Profiled in this report are:

Vectron International, Inc, STATEK CORPORATION, CAP, Golledge Electronics Ltd, Kyocera Kinseki Corpotation, Guangdong Youyuan, RSG Electronic Components GmbH.

The key questions answered in this report:

  • What will be the Market Size and Growth Rate in the forecast year?
  • What are the Key Factors driving High Temp Oscillators Market?
  • What are the Risks and Challenges in front of the market?
  • Who are the Key Vendors in High Temp Oscillators Market?
  • What are the Trending Factors influencing the market shares?
  • What are the Key Outcomes of Porter’s five forces model?
  • Which are the Global Opportunities for Expanding the High Temp Oscillators Market?

Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global High Temp Oscillators market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the High Temp Oscillators market’s trajectory between forecast periods.

Global High Temp Oscillators Market Segmentation:

Market Segmentation: By Type

Direct Plug-in

Market Segmentation: By Application

Energy Exploration
Avionics
Industrial Control
Others

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Regions Covered in the Global High Temp Oscillators Market Report 2021:
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The cost analysis of the Global High Temp Oscillators Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the High Temp Oscillators market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the High Temp Oscillators market.

Table of Contents

Global High Temp Oscillators Market Research Report 2021 – 2027

Chapter 1 High Temp Oscillators Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global High Temp Oscillators Market Forecast

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