Sandy, Utah, USA, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “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 2022–2030” in its research database.

“According to the latest research study, the demand for global ISO Tank Container Market size & share was valued at approximately USD 210 Million in 2021 and is expected to reach USD 222 Million in 2022 and is expected to reach a value of around USD 325 Million by 2030, at a compound annual growth rate (CAGR) of about 5% during the forecast period 2022 to 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.

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Growth Factors

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 market growth. Additionally, ISO tank containers produce significantly fewer carbon emissions than 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.

(A free sample of the ISO Tank Container report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:

(Please note that the sample of the ISO Tank Container report has been modified to include the COVID-19 impact study prior to delivery.)

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Segmental Overview

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.

Key questions answered in this report:

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Regional Overview

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.

Key Offerings:

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Report Scope

Feature of the ReportDetails
Market Size in 2021USD 210 Million
Projected Market Size in 2030USD 325 Million
Market Size in 2022USD 222 million
CAGR Growth Rate5% CAGR
Base Year2021
Forecast Period2022-2030
Prominent PlayersDanteco industries, Tankformator, Meeberg, THIELMANN, Tankcon,, HOYER, Stolt-Nielsen Limited, Bertschi AG, China International Marine Containers (Group) Ltd., Welfit Ody, Bulkhaul Limited, and Others
Key SegmentBy Container Type, Mode of Transportation, Application, and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research. Buy Now

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. 

Prominent Players

Recent Developments

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The global ISO Tank Container market is segmented as follows:

By Container Type

By Mode of Transportation

By Application

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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 2022–2030” Report at https://www.custommarketinsights.com/report/iso-tank-container-market/

On the basis of Geography

North America

Europe

Asia Pacific

The Middle East & Africa

Latin America

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This ISO Tank Container Market Research/Analysis Report Contains Answers to the following Questions.

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