Shipping Container Market Latest Innovations And Challenges By 2030

Shipping Container Industry

The global shipping container market was valued at USD 6.41 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 12.0% from 2020 to 2028. This high growth is largely driven by the increase in maritime shipping, which is a result of more trade agreements being formed between nations. Most shipping containers are manufactured based on the specifications set by the International Organization for Standardization (ISO). These standards are crucial for ensuring smooth loading and unloading processes, as well as for maintaining the container's structural integrity during transportation, even under extreme conditions.

The U.S. stands as one of the largest pharmaceutical markets globally, ranking among the top three importers and exporters of medical products. The country's substantial investments in drug development, the production of healthcare products, and their exports are anticipated to create significant opportunities for shipping container suppliers in the U.S. These factors, combined with the growing need for shipping solutions for pharmaceutical products, are expected to contribute to the demand for shipping containers.

Maritime trade, which involves the transportation of goods by sea or other waterways, plays a key role in the global economy. According to the International Chamber of Shipping, around 11 billion tons of goods are transported via shipping containers each year. With the rise in global trade and the expansion of international commerce, the demand for shipping containers is expected to continue growing, further supporting the expansion of the industry.

Curious about the Shipping Container Market, Download your FREE sample copy now and get a sneak peek into the latest insights and trends.

1. How big is the shipping container market?

As of 2020, the global shipping container market was valued at USD 6.41 billion. This valuation reflects a robust industry driven by international trade and the widespread adoption of standardized container systems.

2. What is the shipping container market growth?

The market is expected to grow at a compound annual growth rate (CAGR) of 12.0% from 2020 to 2028. This strong growth is largely driven by increased maritime trade, trade agreements among countries, and rising e-commerce logistics needs.

3. Which product accounted for the largest shipping container market share?

ISO containers dominated the product segment, accounting for more than 98.0% of the market share in 2020. These containers are standardized by the International Organization for Standardization (ISO), making them the preferred choice for global cargo due to ease of handling and interchangeability.

4. Who are the key players in the shipping container market?

Major companies in the shipping container market include:

• China International Marine Containers (CIMC)
• A.P. Moller – Maersk
• COSCO SHIPPING Development Co., Ltd.
• CXIC Group
• Singamas Container Holdings Limited
• Bulkhaul Limited
• Bertschi AG
• Danteco Industries BV
• NewPort Tank
• BNH Gas Tanks

These companies are key due to their large-scale manufacturing, global networks, and logistics integration.

5. What are the key factors driving the shipping container market?

Key drivers include:

• Growth in maritime shipping: Spurred by expanding global trade and logistics networks.
• Trade agreements: Such as NAFTA and the EU–UK Trade and Cooperation Agreement, which are increasing container demand.
• E-commerce expansion: Resulting in a higher volume of goods being shipped globally.
• Standardization and automation: Encouraging the use of ISO containers and modern port handling systems.
• Recovery post-COVID-19: Increased trade activity and rebound in consumer demand are supporting short-term growth.

Order a free sample PDF of the Shipping Container Market Intelligence Study, published by Grand View Research.