"Catapult Your Business to Fore, Gain Competitive Advantage "

ISO Container Market Size, Share & Industry Analysis, By Transport Mode (Road, Rail, and Marine), By Capacity (Below 20,000 Liters, 20,000 – 35,000 Liters, and Above 35,000 Liters), By Container Type (Multi-Compartment Tank, Lined Tank, Reefer Tank, Cryogenic & Gas Tank, and Swap Body Tank), By End-use Industry (Chemicals, Petrochemicals, Food & Beverage, Pharmaceuticals, Industrial Gas, and Others), and Regional Forecast, 2024 – 2032

Last Updated: July 08, 2024 | Format: PDF | Report ID: FBI101387

 

ISO Container Market

Play Audio Listen to Audio Version

The global ISO container market size was valued at 801.8 thousand units in 2023. The market is projected to grow from 869.5 thousand units in 2024 to 1,832.4 thousand units by 2032, exhibiting a CAGR of 9.8% during the forecast period.


ISO containers, also known as intermodal containers, are standardized steel boxes used for transporting goods across various modes of transportation, including ships, trains, and trucks. These containers follow the specifications set by the International Organization for Standardization (ISO), safeguarding uniformity in size, design, and handling methods. The standardization allows for smooth transfer between different transportation modes without the need to unload and reload the cargo. They are typically made of corrugated steel panels, providing durability and strength to withstand the rigors of transportation. The corners of these containers are reinforced to facilitate stacking and lifting.


While standard dry containers are the most common type, these containers also come in specialized variations. Refrigerated containers (reefers) for temperature-sensitive goods, tank containers for liquids and gases, flat racks for oversized cargo, and open-top containers for easy loading of goods from above are some types. These containers are also considered for intermodal transport, meaning they can be effortlessly moved between different modes of transportation without the need to unpack and repack the cargo. This interoperability enhances efficiency and reduces cargo handling costs.


During the COVID-19 pandemic, China's exports significantly outperformed imports, as there was a drop of 5.8% in imports between March and May 2020, while exports experienced a rise of 1.3%. UNCTAD discovered the thwarting factors that were hindering trade recovery due to unprecedented container shortages. Unexpectedly, demand for container shipping also increased during the pandemic, which made the possibility of a quick recovery from an initial slowdown. However, post-pandemic, manufacturers restructured their operational business model. They created a more disruption-proof model in order to cope with such crucial situations in the future.


ISO Container Market Trends


Digitalization and IoT Integration in ISO Container to Drive Market Growth


The integration of digital technologies and Internet of Things (IoT) solutions continues to transform the market. Smart containers equipped with sensors for tracking location, temperature, humidity, and other parameters are becoming more prevalent. This data-driven approach enhances supply chain visibility, improves cargo security, and enables predictive maintenance, ultimately driving efficiency and reducing costs.


Additionally, advancements in technologies such as automation, robotics, and artificial intelligence are poised to impact the market. Automated container terminals, autonomous trucks, and drones for container inspection are just a few examples of how technology is transforming container handling and transportation processes. These innovations have the potential to increase efficiency, reduce labor costs, and enhance safety in the container industry, contributing toward the ISO container market growth.


Request a Free sample to learn more about this report.


ISO Container Market Growth Factors


Emphasis on Containerization and Rise in Trade Activities to Accelerate Market Growth


The expansion of international trade is a primary driver of the ISO container market. As global trade volumes increase, there is a corresponding rise in the demand for containers to transport goods across borders. Factors such as economic growth, population growth, and the proliferation of free trade agreements contribute to the expansion of global trade.


Moreover, the shift from traditional break-bulk cargo handling to containerization is a significant driver of the ISO container market share. Containerization offers numerous advantages, including increased efficiency, lower transportation costs, reduced cargo damage, and faster turnaround times at ports. As a result, industries and logistics providers increasingly prefer containerized shipping for transporting goods.


RESTRAINING FACTORS


Volatility in Fuel Prices and Infrastructure Constraints to Hinder Market Growth


Fluctuations in fuel prices, particularly diesel fuel used in trucks and ships, can affect transportation costs and profitability for shipping lines and logistics providers. High fuel prices increase operating expenses, while low fuel prices may incentivize containerized shipping over other modes of transportation. However, sudden spikes in fuel prices can strain profit margins and lead to adjustments in container shipping rates.


Furthermore, inadequate transportation infrastructure, including ports, railways, and intermodal terminals, can constrain the growth of the ISO container market. Bottlenecks at ports, congestion on transportation networks, and lack of investment in infrastructure upgrades may limit the capacity and efficiency of containerized shipping operations, hindering market expansion.


ISO Container Market Segmentation Analysis


By Transport Mode Analysis


Marine Segment Dominates Due to Cost-Effective Transportation


On the basis of transportation mode, the market is classified into rail, marine, and road.


The marine mode of transport dominates the market due to its adoption in the long-distance transportation of ISO containers, especially for international trade. Large container ships carry containers between ports worldwide, facilitating global supply chains. Maritime shipping offers cost-effective transportation over long distances and can accommodate large volumes of cargo.


The road transport segment is projected to lead the market in terms of CAGR as it plays a crucial role in the first and last-mile delivery of ISO containers, as well as transporting containers between ports, warehouses, distribution centers, and final destinations. Trucks equipped with chassis transport containers over short to medium distances, providing flexibility and accessibility to remote locations. Road transport offers door-to-door delivery capabilities and enables just-in-time delivery. However, it faces challenges such as congestion, road infrastructure limitations, and environmental concerns.


The rail transport segment is expected to witness considerable growth during the forecast period as it is commonly used for inland transportation of containers, connecting ports to inland distribution centers and industrial hubs. Rail transport offers advantages such as high capacity, reliability, and reduced carbon emissions compared to road transport.


To know how our report can help streamline your business, Speak to Analyst


By Capacity Analysis


20,000 - 35,000 Liters Commands Market Position Owing to Industry-Specific Requirements


Based on capacity, the market is divided into below 20,000 liters, 20,000 - 35,000 liters, and above 35,000 liters.


20,000 - 35,000 liters capacity ISO containers are anticipated to hold a major market share and exhibit substantial CAGR during the ensuing period. The segment’s growth is credited to its versatility and common use for transporting a wide range of perishable and non-perishable goods, including food products, industrial chemicals, and agricultural commodities.


The above 35,000 liters is projected to exhibit extensive growth during the forecast period owing to its predominant use in industries such as oil and gas, chemical manufacturing, and food processing, where high-volume shipments are necessary.


By Container Type Analysis


Multi-Compartment Tank to Lead the Market Due to Flexibility in Cargo Handling


Based on container type, the market is divided into, lined tanks, reefer tanks, cryogenic & gas tanks, swap body tanks, and multi-compartment tanks.


Multi-compartment tank segment is leading the market in terms of market share and CAGR as these containers are equipped with multiple compartments within a single container, allowing for the simultaneous transport of different types of liquids or gases. These containers are commonly used for transporting various chemicals, oils, and hazardous materials where segregation of cargo is necessary.


The cryogenic & gas tank containers are expected to depict robust development as these containers are specially designed for transporting liquefied gases at extremely low temperatures. They are used for transporting gases such as LNG (liquefied natural gas), LPG (liquefied petroleum gas), nitrogen, oxygen, and hydrogen.


By End-use Industry Analysis


Petrochemicals Industry Dominates with Cost-Effective and Efficiency in Transportation


Based on end-use industry, the market is segmented into industrial gas, petrochemicals, food & beverage, chemicals, pharmaceuticals, and others that include paints.


The petrochemicals industry is dominating the market with the largest market share and will exhibit the highest CAGR during the projected period. The segment’s development is credited to ISO containers, as they are widely used in the transportation of petrochemical products derived from petroleum and natural gas processing. Petrochemicals transported in containers include Liquefied Petroleum Gas (LPG), ethylene, propylene, butadiene, benzene, and other hydrocarbons.


The food & beverages industry is expected to witness major growth in upcoming years as these containers are utilized in the production, processing, packaging, and distribution of food and beverages. These products range from agriculture and food processing to packaged goods and beverages such as soft drinks, alcoholic beverages, and dairy products.


In addition, other industries, such as pharmaceuticals, industrial gases, and paints, are also expected to showcase considerable growth over the forecast period.


REGIONAL INSIGHTS


The market report's scope comprises five major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.


Asia Pacific ISO Container Market Size, 2023 (Thousand units)

To get more information on the regional analysis of this market, Request a Free sample


Asia Pacific is the largest and fastest-growing market for ISO containers due to its role as a manufacturing hub and global trade powerhouse. Ports in China (e.g., Shanghai, Shenzhen, and Ningbo-Zhoushan), Singapore, and South Korea are major container hubs. The region's rapid industrialization and urbanization drive the demand for containers for both imports and exports. China, which is the world's largest producer of containers, accounts for more than 80% of global production. In recent years, as India started to manufacture its container in order to reduce its dependency on Chinese traders, China's production on the world market has decreased. Currently, owing to high taxes and rising freight costs on goods originating in both countries, India is paying up to 40% of the real cost of imported containers.


China is predicted to showcase modest growth during the forecast period. In addition, it has also become a major manufacturing base for shipping containers around the world. Huge companies are setting up production facilities in China to benefit from low labor and raw material prices. The country is also increasing investments to expand its ports and shipping capacity. China's supportive policies and favorable environment, along with its growing industrial capabilities, have enabled the growth of the global market. This will trigger demand for shipping containers on a global scale. Further, various initiatives, including China's One Belt, aim to improve the current scenario for shipping ports in the region, thus enabling market growth.


To know how our report can help streamline your business, Speak to Analyst


Europe is predicted to observe significant growth due to the rise in maritime trade activities. Moreover, the presence of major key players in the region will further propel the growth of the International Standards Organization (ISO) shipping container market in the region in the coming years.


North America is also expected to hold a major share of the market with the rapid construction of warehouses and distribution centers in the region. Growth in chemicals, petrochemicals, and pharmaceuticals will play a major role in the revenue growth. The strong presence of prominent manufacturers in North America also aids the growth of the market.


The Middle East & Africa is projected to witness considerable growth in the coming years. The region’s growth is credited to a thriving transport and logistics sector and an increase in sea and land trade activity. Additionally, the growing demand for convenience and affordability has led to tremendous product adoption across multiple sectors. ISO tankers are mostly used for the import and export of oil and gas as the region consists of many oil-based economies. The UAE and Saudi Arabia are the two main consumers of goods in the region.


Latin America continues to be considered an emerging region on the global container trade map. Despite this, the volume of trade in the region has increased significantly in the last decade, and the countries are highly dependent on container transport to develop and maintain their economies. Latin America is also home to the Panama Canal, which connects the Pacific and Atlantic oceans. In addition, with digitization and continuous globalization, Latin American countries strive more than ever to become part of the global economy.


List of Key Companies in ISO Container Market


Adoption of Various Business Strategies to Tackle the Supply-Demand Gap


The market of ISO containers is identified as a highly competitive market with the presence of multiple players operating at a global level, as well as certain regions where the domestic players have a substantial market share. Stolt Tank Containers, New Port, and Intermodal Tank Transport Hoyer group, among others, are the prominent players in the global market, covering a decent share of the market. These key players also own container operation businesses, which have expanded to many countries.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • March 2024: With the acquisition of H&S Group, one of Europe's largest transporters of food and liquids, Royal Den Hartogh Logistics is expanding its product range to include worldwide transport for chemicals, gas, and foodstuffs.

  • October 2023: Aldrees Bertschi Logistic Services, has introduced the world's first temperature controlled container storage facility in Saudi Arabia at a terminal of Aldrees Bertschi. This facility offers a unique solution for customers who seek to protect and cool their products, since it is able to endure the extremes of desert heat.

  • December 2023: Stolt Tankers is the first shipping company in the world to use a cutting-edge, durable coating on one of its chemical tanker’s hulls.

  • December 2022: In Value Park Terneuzen, Bertschi has increased the size of its multimodal transport and storage facilities by 22,000 square feet.

  • March 2022: Suttons Group announced that it has invested in ISO containers. One hundred 24,000 liter ISO tanks were invested to strengthen the company's international tank fleet.


REPORT COVERAGE


The global market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product/service types, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.


An Infographic Representation of ISO Container Market

To get information on various segments, share your queries with us



Report Scope & Segmentation






















































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate



CAGR of 9.8% from 2024 to 2032



Unit



Value (Thousand units )



Segmentation



By Transport Mode



  • Road

  • Rail

  • Marine



By Capacity



  • Below 20,000 Liters

  • 20,000 - 35,000 Liters

  • Above 35,000 Liters



By Container Type



  • Multi-Compartment Tank

  • Lined Tank

  • Reefer Tank

  • Cryogenic & Gas Tanks

  • Swap Body Tank



By End-use Industry



  • Chemicals

  • Petrochemicals

  • Food & Beverage

  • Pharmaceuticals

  • Industrial Gas

  • Others (Paints)



By Region



  • North America (By Transport Mode, By Capacity, Container Type, End-use Industry, and Country)


    • U.S. (By Transport Mode)

    • Canada (By Transport Mode)


  • Europe (By Transport Mode, By Capacity, Container Type, End-use Industry, and Country)


    • U.K. (By Transport Mode)

    • Germany (By Transport Mode)

    • France (By Transport Mode)

    • Italy (By Transport Mode)

    • Spain (By Transport Mode)

    • Rest of Europe


  • Asia Pacific (By Transport Mode, By Capacity, Container Type, End-use Industry, and Country)


    • China (By Transport Mode)

    • India (By Transport Mode)

    • Japan (By Transport Mode)

    • Southeast Asia (By Transport Mode)

    • Rest of Asia Pacific


  • Middle East & Africa (By Transport Mode, By Capacity, Container Type, End-use Industry, and Country)


    • GCC (By Transport Mode)

    • South Africa (By Transport Mode)

    • Rest of the Middle East & Africa


  • Latin America (By Transport Mode, By Capacity, Container Type, End-use Industry, and Country)


    • Brazil (By Transport Mode)

    • Mexico (By Transport Mode)

    • Rest of Latin America







Frequently Asked Questions

As per the Fortune Business Insights study, the market size was 801.8 thousand units in 2023.

The market is likely to grow at a CAGR of 9.8% over the forecast period (2024-2032).

The multi-compartment tank is expected to lead the market due to its increasing adoption.

The market size in Asia Pacific stood at 336.6 thousand units in 2023.

Rise in demand for oil and gas exports to contribute to market growth.

Intermodal Tank Transport, Bertschi AG, Bulkhaul Limited, Royal Den Hartogh Logistics, HOYER GmbH, Interflow TCS Ltd., New Port Tank, Sinochain Logistics Co., Ltd., Stolt-Nielsen Limited, and VTG Tanktainer GmbH are the top companies.

China dominated the market in 2023, being a major manufacturing base for shipping containers.

The multi-compartment tank is expected to lead the market with the highest CAGR during the forecast period.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
  • 2023
  • 2019-2022
  • 177

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Machinery & Equipment Clients

Emerson
BASF
Hunkeler
Mckinsey
SKF

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X