ISO Shipping Container Market | Robust Growth Dues Drive Growth Trends - CAGR of 5.60% during 2018-2023

Market Research Future published a research report on “ISO Shipping Container Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global ISO Shipping Container Market By Type (Standard Dry Container, High Cube Dry Container, Refrigerated Container and High Cube Refrigerated Container), By Application (Food Transport, Consumer Goods Transport and Industrial Transport) by Region (North America, Europe, China, India, Japan, South Korea and Southeast Asia) - Global Forecast to 2023

The ISO Shipping Container market is expected to grow over the CAGR of around 5.60% during the period 2017 to 2023.

Market Highlights

The global ISO Shipping Container market is expected to witness moderate growth over the forecast period. The growth of ISO Shipping Container market is influenced by growing adoption of shipping containers in the seaborne trade, growing demand of commodities, and expanding industrial base in China. Impact on the environment, fluctuation in raw material prices and slower economic growth hinder the growth of the market.

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Seaborne trade continues to expand, internationally as shipping is the lifeblood of global economy. The international trade, the bulk transport of raw materials, and the import/export of food and manufactured goods are essential in any economy. The international shipping industry is responsible for carrying out around 90% of world trade. According to The United Nations Conference on Trade and Development (UNCTAD), merchant ships operations contribute close to USD 380 billion in freight rates within the global economy, which is equivalent to about 5% of total world trade. The expanding seaborne trade has widened the scope of shipping containers across the globe.

The international shipping industry is highly driven by the demand and prices of international commodities, which includes agricultural commodities, crude oil, metals, and others. With global increase in population and their disposable income, the demand for food products, consumer goods, and basic commodities such as metal, minerals, and oil & gas, has also increased. This has expanded the international trade of such commodities, between countries, and has driven the shipping container market. Furthermore, various government and non-government institutes promote export capacity of various commodities, which in turn brings inflow of foreign currency in the economy. For instance European Union’s Increasing Agricultural Commodity Trade (IACT) project works towards strengthening the export capacity of Pacific countries across industries such as agriculture, forestry, livestock and more. The project provides value chain assistance to enhance international trade of these countries. This drives the market for shipping and in turn for containers.

Global ISO Shipping Container market is expected to grow with the ~ 5.60% CAGR during the forecast period.

Standard Dry Container by type segment and Food transport by application segment is expected to hold the largest market size in forecast period.
Global ISO Shipping Container market is segmented, by type, as standard dry container, high cube dry container, refrigerated container and high cube refrigerated container. Standard Dry Container segment accounted for the largest market share of more than 45%, in 2016, with a market value of approximately USD 3,800 Million, and is projected to grow at the highest CAGR during the forecast period. Based on applications the market is segmented as food transport, consumer goods transport and industrial transport. Food transport accounted for the largest market share of more than 40%, in 2016, with a market value of approximately USD 3,500 Million and is projected to grow at the highest CAGR of about 6% during the forecast period.

Key Players

The key players of global ISO Shipping Container market are 3M Company (U.S.), Cardinal Health, Inc. (U.S.), Crosstex International, Inc. (U.S.), Spectrum Chemical Manufacturing Corp. (U.S.), Medline Industries, Inc. (U.S.), Micronova Manufacturing Inc. (U.S.), Falconfire Technologies Inc. (U.S.), Propper Manufacturing Co., Inc. (U.S.), Komal Health Care Pvt. Ltd. (India) and Anqing Yipak Medical packaging Co., Ltd (China).

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Scope of the Report

This study provides an overview of the global ISO Shipping Container market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, China, India, Japan, South Korea and Southeast Asia. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global ISO Shipping Container market by type, by application, and by regions.

Global ISO Shipping Container Industry Market, By Type
• Standard Dry Container
• High Cube Dry Container
• Refrigerated Container
• High Cube Refrigerated Container

Global ISO Shipping Container Industry Market, By Application
• Food Transport
• Consumer Goods Transport
• Industrial Transort

Global ISO Shipping Container Industry Market, By Region
• North America
• Europe
• China
• India
• Japan
• South Korea
• Southeast Asia

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