The Global ISO Container Market Size Was Valued At 686.6 Thousand Units In 2021. The Market Is Projected To Grow From 743.0 Thousand Units In 2022 To 1,362.4 Thousand Units By 2029, Exhibiting A CAGR Of 9.0% During The Forecast Period.

ISO Container Market Overview:

The global COVID-19 pandemic has been unprecedented and shocking. As a result, demand for ISO containers is lower than expected in all regions compared to levels before the pandemic. According to our research, the global market grew 7.9% in 2020 compared to 2019.

ISO containers are international intermodal containers made to the standards of the International Organization for Standardization (ISO). The most important thing about these containers is that they can withstand harsh environments and keep their shape when they move on land or sea. A standard set by ISO makes sure that the container meets the size and strength requirements, so that it can be stacked safely and evenly on steamboats and trains.

There are four different kinds of ISO containers: multi-compartment tanks, lined tanks, reefer tanks, and cryogenic and gas tanks. Multi-compartment containers have walls inside that divide them into two or more sections. This lets two or more substances be stored at the same time in a single tank shell. Tanks that are lined have extra safety frames. Reefer tanks are big refrigerators that are used to ship things that need to be kept at a certain temperature, like meat, fruit, seafood, fish, vegetables, dairy products, and other non-food items like flowers and medicines. Cryogenic tanks and gas tanks are both types of industrial storage tanks with features like loading, safety, and internal distribution. Swap body tanks are a type of freight container that can be moved by both road and rail.

Some of the biggest end-user industries are chemicals, petrochemicals, food and beverages, pharmaceuticals, and industrial gas.

Market Dynamics:

Latest Trends:

Almost every industry is moving their businesses to the digital platform and using industrial automation to make running the business easier and help it grow. High-end technologies like the Internet of Things, artificial intelligence, cloud computing, and 5G network technology are used a lot in digital business. These technologies are also being used by the modern container shipping industry to improve how well it works and make customers happier.

Also, the global economy's supply chain is mostly based on shipping containers, which move raw materials to manufacturers and finished products to distributors. With the Internet of Things, it's easy to find out where the container is and how it's doing right now.

Several big companies are also putting money into research and development for IoT-based containers and the systems they need. This makes it more likely that IoT-based systems will be used in containers. In March 2022, for example, ORBCOMM Inc. offered solutions for the Internet of Things all over the world. "CT 3500 IoT telematics device" is the name of the company's IoT product. This is the next generation of a smart management system for cargo in refrigerated containers.

Driving Factors:

Containerization and globalization had a big effect on the shipping industry because of the growing need for shipping and because containerization cut costs and made shipping more efficient.

ISO tanks are easy to move by train to the cargo yard or by truck to the rails or decks. It is small and very safe, so it can be put on an aero plane. Shipping tanks should all be the same size and have common ports, a strong motorized frame, a safe locking system, and the same number of openings.

Oil and gas are in high demand around the world, but production will continue to grow faster than real demand for many years to come. Even though the number of wells in use is going down, the amount of oil being produced is going up.

Also, ISO tanks cut down on handling and shipping costs because they make it easy to pack and move liquids that are smaller than truckloads or shiploads. These liquids can be moved from a truck to a train, from the train to a ship deck, and sometimes ISO containers can even be moved easily by air.

Unlike the traditional Intermediate Bulk Container (IBC), ISO containers can be stacked and stored in an efficient way. This makes them easier to move, saves time, and helps reduce their carbon footprint. Due to all of these things, there has been a rise in the growth of the market.

Restraining Factors:

Infrastructures and equipment for handling ISO containers, such as warehouses, giant cranes, and inland road and rail access, are necessary capital investments that cost a lot of money.

The price of ISO containers has also gone up over the years because the cost of steel has gone up. Also, the cost of making these containers goes up because they have to be inspected and certified. So, the growth of the ISO container market has been slowed by the things we've talked about so far.

Segmentation Analysis:

By Transport Mode:

Based on how goods are moved, the market is divided into rail, sea, and road. Transporting a lot of goods across major countries requires a good logistics support system and the hub-and-spoke method.

The need for the road segment is going up because road vehicles are getting much better at what they do and road infrastructure is getting better. Gradually getting rid of rules that make it hard to move freight by road is also helping. Also, the rapid growth of trade between states has increased the number of freight jobs that are better done by road than by rail. After road transportation, rail transportation has a big share of the market and is expected to grow a lot in the coming years.

Also, marine transport has a big share of the ISO container market because it can move goods over longer distances. Some of the things that affect the growth of marine transport are international maritime trade, the world economy, the cost of transportation, political events, and the average amount of money made.

By Container Type:

Based on the type of container, the market is split into multi-compartment tank, lined tank, reefer tank, cryogenic and gas tanks, and swap body tank. Out of all of these, the demand for multi-compartment tanks is expected to drive market growth. This is because these tanks have many benefits, such as being able to carry different kinds of freight at the same time.

Also, tanks with more than one compartment can have two plots, three compartments, or four compartments. For example, four different colours of printing ink can be put into one multi-compartment tank that was made just for that purpose.

Cryogenic and gas tanks have a high growth rate because the need to transport liquefied gases like butane, propane, and ammonia is going up by leaps and bounds.

By End-use:

The market is divided into petrochemicals, industrial gas, food and beverages, chemicals, pharmaceuticals, and others, which include paints.

Due to the rise in demand for petrochemicals around the world, it is expected that by 2030, it will have surpassed the demand for gasoline and diesel. This means that petrochemicals will have the largest share of the market.

Also, the development of digital technologies is expected to continue to change the way chemicals are made by allowing real-time monitoring of chemical assets, improving the accuracy of predictive maintenance, lowering the cost of safety monitoring, and making logistics across different supply chains more efficient and reliable.

After petrochemicals and chemicals, the pharmaceuticals and industrial gas segments are also expected to grow a lot over the next five years.

Regional Insights:

In 2021, the Asia-Pacific region had the most market share and was the market leader. Strong maritime trade from Asia-Pacific countries like China, Japan, India, and South Korea has helped it take the top spot on the world market. Also, improvements to ISO tank containers in the region make it possible to ship all kinds of products, from non-hazardous, hazardous aqueous, and portable liquids (food grade) to explosives, corrosives, flammables, and poisons.

China is expected to have slow growth over the next few years. China has also become a major place where shipping containers for all over the world are made. Large companies are setting up factories in China because the cost of labour and raw materials is so low there. The country is also putting more money into its ports and shipping facilities. The growth of the global market has been helped by China's friendly policies and environment, as well as its growing industrial capabilities. This will make people all over the world want shipping containers. Also, different projects, such as China's "One Belt," aim to make shipping ports in the area better, which will help the market grow.

A rise in maritime trade activities is also expected to cause the European market to grow in a big way. The growth of the International Standards Organization (ISO) shipping container market in the region will also be helped in the coming years by the presence of major key players in the region.

North America should also have a big share of the market because of how quickly warehouses and distribution centres are being built there. Chemical, petrochemical, and pharmaceutical growth will be a big part of the region's revenue growth. The growth of the market is also helped by the fact that there are a lot of well-known global manufacturers in the North American market.

The Middle East and Africa are expected to grow a lot in the coming years. This is because the transportation and logistics industry is doing well and sea and land trade is getting busier. Also, more and more people want products that are easy to use and don't cost a lot of money. This has led to a lot of people using the same products in many different The most ISO tank containers are used to ship and export oil and gas from the Middle East and Africa. The main places in the Middle East that buy raw materials are the United Arab Emirates and Saudi Arabia. For example, Aramco recently spent USD 69 billion to buy 70% of SABIC, the Saudi state-owned petrochemical company that is the fourth largest in the world and a big user of tank containers. The move makes Aramco's plan to grow its chemicals business stronger. Except for Bulkhaul, all of the major tank container operators now have joint ventures or subsidiaries in the GCC. Stolt has been in business for a long time. It has joint ventures with companies in Saudi Arabia and the United Arab Emirates.

On the world map of container trade, Latin America is still seen as an emerging region. Still, the amount of trade in the region has grown a lot over the past ten years, and the economies of the countries in the region depend heavily on container shipping. Also in Latin America is the Panama Canal, which links the Pacific and Atlantic oceans. Also, Latin American countries are trying harder than ever to join the global economy now that digitalization and globalization are happening.

Scope Analysis

Recent Development:

• In November 2021: Royal Den Hartogh Logistics, a provider of marine logistics service majorly in the Asia Pacific region, merged with MUTO Group, which is an independent logistics service provider for the Korean chemical and petrochemical market. This strategic move expands the regional presence of both organizations.
• In September 2020: Den Hartogh Holding B.V.’s Board of Directors declared the attainment of maximum shares of XT Logistics. This collaboration will considerably surge Den Hartogh’s ability to deliver logistics services for chemicals in China.
• In March 2020: Bertschi AG partnered with Mapon. Bertschi AG will conduct training and improvement programs for its drivers to improve the quality of their driving and safety of operations.
• In February 2019: MOL Chemical Tankers Pte. Ltd. acquired a 20% stake in Den Hartogh Holding B.V. This acquisition strengthened the capacity of Den Hartogh to transport complex chemicals via marine and rail transport.
• In January 2019: The HOYER Group, a provider of logistics service for oil and gases in Europe, partnered with TOTAL Deutschland GmbH, a leading engine and industrial oil supplier company. Together with the early extension of contract, TOTAL Deutschland also commissioned the logistics company to supply fuel to additional 20 stations belonging to the operator..

Market Segmentation

By Transport Mode:

• Road
• Rail
• Marine
• Others

By Container:

• Multi-Compartment Tank
• Lined Tank
• Reefer Tank
• Cryogenic & Gas Tanks
• Swap Body Tank
• Other

By Container:

• Chemicals
• Petrochemicals
• Food & Beverage
• Pharmaceuticals
• Industrial Gas
• Other

By Companies:

• Intermodal Tank Transport (U.S.)
• Bertschi AG (Switzerland)
• Bulkhaul Limited (U.K.)
• Royal Den Hartogh Logistics (Netherlands)
• HOYER GmbH (Taiwan)
• Interflow TCS Ltd. (U.K.)
• New Port Tank (Netherlands)
• Sinochain Logistics Co., Ltd (China)
• Stolt-Nielsen Limited (U.K.)
• VTG Tanktainer GmbH (Germany)
• Others