Feb 12, 2025 · Market growth of folding IBC in ASEAN was positive as it reached a value of USD 51.0 million in 2024 from USD 41.6 million in 2020. Folding IBCs sales are slowly on the rise
May 29, 2024 · The folding carton industry has grown significantly across Southeast Asia over the past few decades. Folding cartons first emerged as a popular packaging format in the region
Many Member States have struggled to access empty containers throughout the pandemic. ASEAN does not currently have any shipping container manufacturing capabilities. Allowing international vessels to move empty containers has helped facilitate their repositioning, but this still requires one-off licences in some Member States.
Container shipping services in the ASEAN region became unreliable, in part because vessels were redeployed to more lucrative Asia-US or Asia-Europe routes. Slow container circulation left the region’s exporters with a shortage of empty containers. These issues rippled through port and hinterland operations, causing delays throughout supply chains.
Measures, such as capping shipping rates, would likely cause shipping lines to divert services to more commercially viable routes. However, as market concentration becomes more visible, ASEAN could work with international partners to increase coordination against further consolidation in the liner shipping industry.
Member States could: Improve port capacity and hinterland connectivity. Congested transhipment hubs across Asia have provided an opportunity for ASEAN mid-tier ports to attract more direct calls. To capitalise on this, ports must provide connected and competitive port capacity ahead of time.
The global residential solar storage and inverter market is experiencing rapid expansion, with demand increasing by over 300% in the past three years. Home energy storage solutions now account for approximately 35% of all new residential solar installations worldwide. North America leads with 38% market share, driven by homeowner energy independence goals and federal tax credits that reduce total system costs by 26-30%. Europe follows with 32% market share, where standardized home storage designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated systems with 10-30kWh capacity at costs below $700/kWh for complete residential energy solutions.
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