Global ISO Tank Container Market

ISO Tank Container Market: Overview

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

According to Custom Market Insights (CMI), The ISO Tank Container Market  size was estimated at USD 210 Million in 2021 and is expected to hit around USD 325 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 5% from 2022 to 2030.

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.

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ISO Tank Container Market: Growth Drivers

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.

Report URL: https://www.custommarketinsights.com/report/iso-tank-container-market/ 

ISO Tank Container Market: Regional Analysis

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.

The Middle East and Africa are the second-largest markets for ISO tank containers. The majority of ISO tank containers are used in the region to import and export oil & gas. The UAE and Saudi Arabia are the region’s two primary commodity consumers. There are numerous oil-based economies in the Middle East.

ISO Tank Container Market: Recent Developments

• 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.

Key Players:

• Danteco industries
• Tankformator
• Meeberg
• THIELMANN
• Tankcon,
• HOYER
• Stolt-Nielsen Limited
• Bertschi AG
• China International Marine Containers (Group) Ltd.
• Welfit Ody
• Bulkhaul Limited
• Others

Press Release: https://www.custommarketinsights.com/press-releases/global-iso-tank-container-market/ 

The ISO Tank Container Market is segmented as follows:

By Container Type

• ≤30 ft
• .>30 ft

By Mode of Transportation

• Rail
• Marine
• Road

By Application

• Chemicals
• Pharmaceuticals
• Petrochemicals
• Food and Beverage
• Others

On the basis of Geography

North America

• The US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• New Zealand
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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