Portable Fuel Storage Containers Sales Growing in Line with Digital Disruption and Reinvention: FactMR
Verfasser: ashwani_kailiya on Monday, 17 June 2019According to a recently published FactMR report, sales of fuel storage containers market are estimated to exceed 79,300 thousand tons in 2019. The fuel storage containers industry has been significantly influenced by the pervasive developments in trade, wherein profound economies - ensued from ‘gigantism’ in ship sizes - play a vital role.
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Economies of scale, in combination with the intense competition among carrier, in the shipping industry have considerably reduced the cost of transportation, thereby complementing growth of trade activities worldwide. The upsurge in the cross-border trade activities has further driven the demand for rigid packaging solutions, such as industrial drums and intermediate bulk containers.
The study highlights the influence of novel technologies, such as RFID tags, on the adoption rate of fuel storage containers. As stakeholders in the transportation and logistics industry continuously eye to gain early-mover advantage in automation, RFID tags-equipped fuel storage containers are becoming a key imperative for safeguarding their bottom lines, and enabling traceability of assets.