Bulk Terminals Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2030
Despite recent declines in global seaborne trade due to the COVID-19 pandemic, global minor bulk trade has expanded significantly. Future Market Insights (FMI) analysts estimate that global minor bulk traded has increased to 1.74 billion tonnes. Bulk terminals play an important role in industrial infrastructure by ensuring the safe and efficient movement of critical resources. Steel and forest products make up 43% of minor bulk trade, according to the FMI report. In addition, metals and minerals make up about 37% of minor bulk trade, with agricultural products coming in second at 20%. Operators and owners must boost the productivity and adaptability of their expensive bulk assets if they want to compete in markets with fierce competition and steady demand for raw materials. Advanced supply chains prioritise manufacturing method automation and long-term digital ecosystem penetration. The agricultural yield is concentrated primarily in nations like the United States, Argen...