Press release
Growing Demand For Dry Bulk Material Trucking In Response To Industrial And Infrastructure Need: A Significant Driver Propelling The Dry Bulk Materials Market In 2025
Dry Bulk Materials
What Is the Dry Bulk Materials Market Size and Projected Growth Rate?
The dry bulk materials market has seen strong growth, moving from $445.09 billion in 2024 to $484.13 billion in 2025 at a CAGR of 8.8%, propelled by increased steel and coal transport, the rise of global trade via sea, robust emerging market economies, and urban and industrial development.
The dry bulk materials market is projected to experience strong growth in the next few years. It will reach $642.02 billion by 2029, with a compound annual growth rate (CAGR) of 7.3%. The growth is fueled by the increasing transportation of iron ore and coal, rising demand for dry bulk shipping, growth in steel transportation, infrastructure projects, and demand for iron ore, coal, grain, and bauxite/alumina. Key trends include technological advancements, sustainable materials, volatile raw material prices, and reduced investment in new builds.
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What Are the Major Segments in the Dry Bulk Materials Market?
The dry bulk materials market covered in this report is segmented -
1) By Commodity Type: Iron Ore, Coal And Pet Coke, Grains And Agricultural Products, Cement Or Aggregates, Fertilizers, Other Commodity Types
2) By Application: Food And Beverages, Construction, Automotive, Energy And Mining, Agriculture, Chemicals, Other Applications
3) By End Use: Iron Ore, Steel Products, Lumber or Log, Other End Users
Subsegments:
1) By Iron Ore: Fine Ore, Lump Ore
2) By Coal And Pet Coke: Thermal Coal, Metallurgical Coal, Pet Coke (Petroleum Coke)
3) By Grains And Agricultural Products: Wheat, Corn (Maize), Rice, Soybeans, Barley, Other Agricultural Products
4) By Cement Or Aggregates: Cement, Limestone, Sand And Gravel, Crushed Stone
5) By Fertilizers: Nitrogenous Fertilizers, Phosphatic Fertilizers, Potassic Fertilizers, Compound Fertilizers
6) By Other Commodity Types: Bauxite, Sulphur, Steel Products, Wood Pellets, Salt, Other Miscellaneous Commodities
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What Are The Driving Dry Bulk Materials Market Evolution?
The growing demand for raw materials from industries such as manufacturing, defense, and infrastructure is boosting the dry bulk material trucking market. This rise is linked to industrialization, population growth, and urbanization. For example, the World Bank reported that the European mineral raw materials industry has seen significant growth in the production of minerals necessary for clean energy technologies. Demand for minerals like graphite, lithium, and cobalt is projected to increase by 500% by 2050, requiring efficient dry bulk trucks to transport these materials.
Which Firms Dominate The Dry Bulk Materials Market Segments?
Major companies operating in the dry bulk materials market include C.H. Robinson, Transpro Burgener, Bulkmatic Transport, Kenan Advantage Group Inc., Quality Distribution Inc., Trimac Transportation Services Inc., Foodliner Inc., Heniff Transportation Systems LLC, Superior Bulk Logistics Inc., Groendyke Transport Inc., Ruan Transportation Management Systems, Dupre Logistics LLC, Eagle Transport Corporation, Martin Transport Inc., Florida Rock And Tank Lines Inc., United Petroleum Transport Ltd., Tankstar USA Inc., Coastal Transport Co. Inc., Apex Logistics International Inc., Cliff Viessman Inc., J and M Tank Lines Inc., Andrews Logistics LP, Grammer Industries Inc., Prime Inc., Belships ASA, Berge Bulk Singapore Pte. Ltd., Diana Shipping Inc., Freeseas Inc., Genco Shipping and Trading Limited, Globus Maritime Limited, Golden Ocean Group Ltd., Gulf Agency Company Ltd., Star Bulk Management Inc., Western Bulk Management AS, Cargill Incorporated., Archer Daniels Midland Company, Bunge Limited, Louis Dreyfus Company BV
What Trends Are Expected to Dominate the Dry Bulk Materials Market in the Next 5 Years?
In the dry bulk shipping market, leading organizations are prioritizing safety, operational efficiency, and sustainability through innovation. In August 2024, the UK-based Dry Bulk Centre of Excellence (DBCE) launched the Dry Bulk Management Standard (DryBMS) portal, offering ship operators access to comprehensive industry guidelines. This platform aims to enhance safety, operational standards, and sustainable practices across the sector.
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Which Is The Largest Region In The Dry Bulk Materials Market?
Asia-Pacific was the largest region in the dry bulk materials market in 2023. North America was the second largest region in the dry bulk materials market. The regions covered in the dry bulk materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Dry Bulk Materials Market?
2. What is the CAGR expected in the Dry Bulk Materials Market?
3. What Are the Key Innovations Transforming the Dry Bulk Materials Industry?
4. Which Region Is Leading the Dry Bulk Materials Market?
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