ISO Container Market Is Predicted To Grow At 9% CAGR Through 2033: Data Analysis by Experts at Future Market Insights, Inc.
The ISO container market is projected to secure a valuation of US$ 266.53 million in 2023 and is expected to rise to US$ 630.97 million by 2033. The market is anticipated to register a CAGR of 9% during the forecast period.
The growing industrialization, urbanization and population
are increasing the adoption of ISO containers. The manufacturers are developing
ISO containers by adopting advanced Artificial Intelligence technology. The
food & beverages industry is raising the demand for ISO container to store
dairy items, vegetables and meat products. Rising road, railway and marine
transportation are fueling the market growth.
The demand for ISO container is rising due to their high
efficiency, better storage and low costs. These containers are safe, relevant
and excellent choices while transporting goods & services. Prominent
manufacturers are reducing carbon footprints by developing highly standardized
products that protect the environment.
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The changing consumer lifestyle, ready-to-eat food, and
easy-to-carry loads are fueling market growth. In addition, the rising
economies, international trade, domestic transportation, and availability of
different container types propel the market size. In addition, growing
investments, government initiatives and the presence of key players are booming
the market opportunities.
Key Takeaways:
- The ISO
containermarket is expected to have a valuation of US$ 630.97
million by 2033.
- With
an expected CAGR of 9%, the global market may grow in size from 2023 to
2033.
- The Asia
Pacific ISO container marketis estimated to secure a maximum share
through 2033.
- The
market secured a CAGR of 8.1% in the historical period between 2017 and
2022.
- The
petrochemicals sector is projected to dominate the global market by 2033.
Who is Winning?
The prominent players are playing a crucial role by
investing huge amounts in research and development activities in the global
market. As a result, these players are innovating unique and advanced products
as per end-users’ requirements. Furthermore, these players focus on developing
new and non-toxic products using premium raw materials.
Prominent vendors adopt several marketing strategies:
collaborations, mergers, acquisitions, agreements, partnerships, and product
launches. These layers continue to bring innovation and expand the market to
another height in the coming period.
Other Key Players in the Market are:
- Danteco
Industries
- HOYER
- Welfit
Ody
- Meeberg
- Tankcon
- Tankformator
- Bertschi
AG
- Stolt-Nielsen
Limited
- China
International Marine Containers Ltd
- VIG
Tanktainer GmbH
- Intermodal
Tank Transport
- Bulkhaul
Limited
- Interflow
TCS Ltd
- Royal
Den Hartogh Logistics
- New
Port Tank
- Sinochain
Logistics Co., Ltd.
Recent Developments in the ISO Container Market are:
- In Jan
2022, China International Marine Containers Ltd announced its new
installation of hydrogen refueling, hydrogen cylinder, and energy tank
stations to reduce carbon emissions.
- In Nov
2021, Royal Den Hartogh Logistics announced its merger with MUTO Group to
expand its portfolio in the Korean market.
- In Mar
2020, Bertschi AG partnered with a training provider company Mapon. This
partnership provides several driving safety programs to their drivers.
- In Feb
2019, MOL Chemicals Tanker announced the acquisition of 20% of the stake
in Den Hartogh Holding to advance the portfolio in transporting chemicals
through rail and marine transport.
- In
2021, Stolt Tankers reduced 6% of fuel consumption by taking off 18,000
automobiles to limit carbon emissions.
ISO Container Market by Category
By Container Type:
- Cryogenic
& Gas Tanks
- Lined
Tank
- Swap
Body Tank
- Multi-compartment
Tank
- Reefer
Tank
By Transport Mode:
- Marine
- Road
- Rail
By End Use Industry:
- Food
& Beverages
- Industrial
Gas
- Chemicals
- Pharmaceuticals
- Petrochemicals
- Others
By Region:
- North
America
- Latin
America
- Europe
- South
Asia & Pacific
- East
Asia
- Middle
East & Africa (MEA)
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