According to Custom Market Insights (CMI), The Global ISO Tank Container Market size was estimated at USD 210 million in 2021 and is anticipated to reach around USD 325 million by 2030, growing at a CAGR of roughly 5% between 2022 and 2030.
Our research report offers a 360-degree view of the ISO Tank Container market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the ISO Tank Container market.
ISO Tank Container Market: Overview
A storage container known as an ISO tank container, also called a tank container, is described as one that is used to transport a variety of industrial or commercial components, including food, chemicals, and gases, among others. It is a cylindrical vessel whose thickness can vary depending on the need.
An ISO tank container typically has a capacity of 20,000 to 25,000 liters or more. A heating system is fitted within an ISO tank container to facilitate easy liquid or gas flow. It is a significant benefit provided by the product, supporting the market for ISO tank containers.
Browse the full “ISO Tank Container Market Size, Trends and Insights By Container Type (≤30 ft, >30 ft), By Mode of Transportation (Rail, Marine, Road), By Application (Chemicals, Pharmaceuticals, Petrochemicals, Food and Beverage, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/iso-tank-container-market/
The market is growing due to the growing use of ISO tank containers in the food & beverage sector. These containers are perfect for transporting bulk materials, which helps the food manufacturing industry meet the rising demand for goods like juice, alcoholic beverages, and other products like edible oils. Additionally, using ISO tank containers to handle and ship food products is inexpensive. This container benefit is expected to hasten the market expansion for ISO tank containers.
Due to growing safety concerns regarding dangerous and reactive chemicals, ISO tank containers are projected to increasingly outpace on-road chemical transportation throughout the projection period, likely to boost the market growth. Additionally, ISO tank containers produce significantly fewer carbon emissions compared to their rivals. Therefore, because of this, the governments of many different countries are likely to provide the go-ahead for ISO tank containers.
The demand for packaged food & beverage products is further fueled by the booming e-commerce industry, which is also increasing our reliance on ISO tank containers. In addition, the rising demand for clean-label beverages and food items is anticipated to drive market expansion throughout the forecasted period.
The market for ISO Tank Container is segmented into container type, mode of transportation, and application. Based on container type, ≤30 feet and >30 feet make up the two categories of the market, with ≤30 feet dominating the global market. The 20-foot container is the most often used size for transporting liquid commodities worldwide due to its ease of transit and transfer from vehicle to vehicle by any mode of transportation, including rail, road, marine, and air. However, the market share of the segment below 30 feet is the smallest.
Based on the mode of transportation, the market’s highest share belongs to the road segment, followed by rail and marine. All the country’s corners are connected by roads, making it simple to load items into trucks and deliver them where needed. Rails can move cargo, but they only cover part of the country. ISO tankers are constrained because the maritime mode of transportation is mainly used for international trade.
The market is divided into land transportation and maritime transportation based on application. The global market is dominated by land transportation.
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Asia-Pacific is the market leader for ISO containers worldwide. Over 80% of the world’s manufacturing is done in China, the top producer of ISO containers. Chinese container production has been decreasing in the global market in recent years as India has started to produce its containers to lessen its dependency on Chinese suppliers. India already pays up to 40% of the actual price of imported containers due to the high taxes on goods from both nations and higher shipping costs.
Key Players Insights
Our report offers quantitative and qualitative insights into the ISO Tank Container market and significant development initiatives adopted by the key players. Further, it provides competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of players profiled.
- 2022: The creation of their following subsidiary in France has been announced as part of THIELMANN’s objectives for global expansion. The launch of THIELMANN France will increase the company’s global reach and improve its position in the French market. With the help of its new French subsidiary, THIELMANN is now even more positioned to better serve its clientele in France and promote domestic growth as part of its expansion objectives.
- 2020: The Group’s container fleet recently received the 40,000th Bertschi AG container, just out of production. With record sales of CHF 1.02 billion, the company has achieved its first billion-dollar milestone.
- Danteco industries
- Stolt-Nielsen Limited
- Bertschi AG
- China International Marine Containers (Group) Ltd.
- Welfit Ody
- Bulkhaul Limited
Table of Contents: https://www.custommarketinsights.com/report/iso-tank-container-market/#table-of-contents
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