Container Shipping Market Growth Exponential To 2030

Written by Harsh » Updated on: November 09th, 2024

According to the Market Statsville Group (MSG), the global container shipping market size is expected to grow around USD 15,451.4 million by 2033, at a CAGR of 4.1% from 2023 to 2033.

Container shipping is transporting goods from one location to another using container. Contrary to standard shipping, container shipping loads, transports, and unloads products and items using containers of various standard sizes. Containers can therefore be transported via trucks, ships, and trains. Due to increased trade agreements between countries, the industry is expanding rapidly due to increased maritime shipping. Most container shipping is made in accordance with the International Organization for Standardization's (ISO's) criteria, primarily to facilitate easy loading and unloading and to ensure that the container will maintain structural integrity while being transported in harsh locations.

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Scope of the Global Container Shipping Market

The study categorizes the container shipping market based on size, type, and application at the regional and global levels.

By Size Outlook (Sales, USD Billion, 2019-2033)

Small Containers

Large Containers

High Cube Containers

By Type Outlook (Sales, USD Billion, 2019-2033)

General Container Shipping

Reefer Container Shipping

By Application Outlook (Sales, USD Billion, 2019-2033)

Food & Beverages

Consumer Goods

Healthcare

Industrial Products

Vehicle Transport

Others

By Region Outlook (Sales, USD Billion, 2019-2033)

North America

Canada

Mexico

Europe

Germany

Italy

France

Spain

Poland

Russia

The Netherlands

Norway

Czech Republic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Indonesia

Malaysia

Thailand

Singapore

Australia & New Zealand

Rest of Asia Pacific

South America

Brazil

Argentina

Colombia

Rest of South America

The Middle East & Africa

Saudi Arabia

UAE

South Africa

Northern Africa

Rest of MEA

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Food & Beverage Shipping segment accounts for the largest market share during the forecast period by Application

Based on application, the market is segmented into food & beverages, consumer goods, healthcare, industrial products, vehicle transport, and others. Food & beverages is accounted for the highest market share in 2022. The primary use of container shipping in the food transport application segment is for the transportation of food and drink products like vinegar, pulses, vegetable oils, alcohols and spirits, food ingredients, as well as canned, dried, and frozen fruits, sauces, jams, and jellies, condiments, prepared/preserved seafood, and snacks. Perishable food and drinks decay quickly in high humidity or low temperatures. Due to this, the use of reefer containers is crucial while transporting these foods and beverages. In the upcoming years, it is anticipated that a steady increase in the worldwide commerce of agricultural products and processed foods will promote the expansion of the food transport business.

Asia Pacific is projected to account for the largest market share, by Region

Based on the regions, the global container shipping market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific will dominate the global container shipping market in 2022. The top three nations that manufacture ships are China, South Korea, and Japan. Additionally, it is anticipated that significant export volumes, intraregional commerce, and rising manufacturing activity, particularly in these nations, will further drive market expansion. It is also anticipated that developments in ASEAN nations will continue to be a major driving force behind the Asia Pacific shipping container market expansion. However, the COVID-19 epidemic caused a reduction in regional trade, which in turn decreased demand for shipping containers in 2020.

Key Market Players in the Global Container Shipping Market

The global container shipping market is fiercely competitive, and major market participants are using a variety of tactics to get an advantage over rivals, including product development, alliances, partnerships, acquisitions, and growth. Most market businesses concentrate on growing operations globally, improving their capabilities, and cultivating solid partner relationships.

Major players in the global container shipping market are:

Bulkhaul Limited

Bertschi AG

BNH Gas Tanks

Danteco Industries BV

NewPort Tank

A.P. Moller - Maersk

China International Marine Containers (Group) Ltd

COSCO SHIPPING Development Co., Ltd.

CXIC Group

Singamas Container Holdings Limited

TLS Offshore Containers/TLS Special Containers

W&K Containers, Inc.

Thurston Group Limited

OEG

Sea Box, Inc.

IWES LTD.

Norcomp Nordic AB

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