ISO Tank Container Market Report 2025

The ISO tank container market size has grown strongly in recent years. It will grow from $1.63 billion in 2024 to $1.78 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to the expansion of seaborne trade, an increase in mergers and acquisitions, and an increase in investments.

The ISO tank container market size is expected to see rapid growth in the next few years. It will grow to $2.62 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to the growing petrochemical industry, a surge in oil and gas exports, growing adoption of shipping containers, and increasing import and export activities. Major trends in the forecast period include partnering with companies offering IoT software, developing smart solutions using advanced smart technologies, implementing AI-powered trackers in ISO tank containers, launching online tracking solutions, adopting advanced solutions such as optical character recognition, and launching innovative products.

The anticipated growth of the ISO tank container market in the forecast period is expected to be driven by the expanding petrochemical industry. ISO tank containers, constructed with stainless steel and surrounded by protective layers, are utilized for transporting hazardous petrochemicals, providing resistance to the corrosive effects of these substances. According to the International Energy Agency, petrochemicals are projected to contribute to approximately 50% of the global oil demand growth between 2030 and 2050, equivalent to nearly 7 million barrels of oil. The usage of ISO tank containers, which leave a carbon footprint of less than 50%, is prevalent in shipping chemicals within the petrochemical sector. The demand for petrochemical products is surging, with petrochemicals expected to represent over a third of the increase in oil consumption through 2030 and nearly half through 2050, outpacing other modes of transportation. Consequently, the growth of the petrochemical industry becomes a driving force for the ISO tank containers market.

Another factor expected to propel the ISO tank container market is the upswing in oil and gas exports. As crucial energy sources, oil and gas undergo extraction from reservoirs and wells, followed by transportation to refineries for refining and subsequent sale as finished products. ISO tank containers play a vital role in storing and transporting oil and gas products. In 2022, the United States maintained its status as a net yearly exporter of petroleum, with a petroleum export volume of around 9.52 million barrels per day and total petroleum imports at approximately 8.33 million barrels per day, as reported by the US-based Energy Information Administration. This consistent surge in oil and gas exports serves as a significant driver for the ISO tank container market.

Major companies in the ISO tank container market are focusing on strategic investments to enhance the production of innovative ISO tank containers. These investments improve production efficiency, foster product innovation, lower operational costs, and expand market reach. For instance, in March 2022, Suttons International Limited, a UK-based company, invested in 100 additional ISO tank containers as part of its growth strategy. This investment aims to strengthen Suttons International's global tank container fleet, enabling enhanced service capabilities for existing customers and facilitating entry into new markets.

Major companies in the ISO tank container market are increasingly introducing specialized services, such as de-gassing, to enhance safety, improve efficiency, and comply with regulatory requirements in the handling and maintenance of tank containers. De-gassing involves removing gas from the interior of a tank container, making it safe for maintenance, inspection, or transportation by mitigating the risk of gas buildup and potential hazards. For example, in September 2024, Zodiac Tank Container Terminals Private Limited launched specialized services for T-50 ISO Gas Tank Containers. These services include de-gassing, leak testing, nitrogen purging, and repairs, all designed to ensure compliance with ISO standards. Such services significantly enhance safety and reliability in the handling and maintenance of tank containers.

In October 2024, Quantix SCS, LLC, a U.S.-based service company, acquired G&W Tanks for an undisclosed amount. This acquisition aims to strengthen Quantix's ISO tank platform and expand its presence in the Southeast region. The move enhances Quantix's capabilities in ISO tank transportation, maintenance, and logistics services, aligning with its growth strategy. G&W Tanks is a U.S.-based company specializing in ISO containers and related services.

Major companies operating in the ISO tank container market include CIMC Container Holdings Co., Ltd., Singamas Container Holdings Limited, Welfit Oddy Industries Pty Ltd, Chart Industries Inc, Sure Tank, NT Tank, Bewellcn Shanghai Co., Ltd., Cryeng Group, M1 Engineering, Corban Energy Group, Cosco Shipping, Peacock, Leschaco, VTG Tanktainer GmbH, Suttons Group, Royal Dutch Shell, Aker Solutions, Linde, Equinor, Total Energies, Transalex, Load & Go Logistics, Baltica-Trans Co Ltd, M&S Logistics, GATX, ExxonMobil Russia, Stolt-Nielsen Limited, HOYER GmbH, Bulkhaul Ltd, Danteco Industries, Meeberg, Tankformator, THIELMANN, Tankcon, Bertschi AG, Maersk, MSC, TIL Group, Intermodal Tank Transport, NewPort Tank, Aramex, DP World, Icon Middle East.

Europe was the largest region in the ISO tank container market in 2024. North America was the second-largest region in the ISO tank container market. The regions covered in the ISO tank container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ISO tank container market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

An ISO tank container is a type of tank container that adheres to the guidelines set by the International Organization for Standardization (ISO). These containers are designed for the transportation and storage of liquids, powders, and gases. They are versatile, suitable for various modes of transportation, and can carry both hazardous and non-hazardous products.

The main types of containers in the ISO tank container category are ≤30 ft containers and >30 ft containers. The term '≤30 ft containers' refers to shipping containers with a length of 30 feet or less. In the context of shipping and transportation, containers come in various sizes to accommodate different cargo needs. These containers can be utilized for transportation via road, rail, and marine and find applications in various industries such as chemicals, petrochemicals, food and beverage, pharmaceuticals, industrial gases, and others.

The ISO tank container market research report is one of a series of new reports that provides ISO tank container market statistics, including ISO tank container industry global market size, regional shares, competitors with an ISO tank container market share, detailed ISO tank container market segments, market trends and opportunities, and any further data you may need to thrive in the ISO tank container industry. This ISO tank container market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ISO tank containers market consists of sales of rubber-lined ISO tank container, acid-based chemicals tank, food-grade tank, and stainless-steel containers.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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