ISO Tank Container Market Report and Forecast 2023-2028

According to the report, the global ISO tank container market attained a value of USD 911.87 million in 2022. Aided by the increasing demand for safe and efficient transportation of hazardous and non-hazardous chemicals and rising global trade of food-grade liquids, the market is projected to further grow at a CAGR of 7.3% between 2023 and 2028 to reach a value of USD 1382.77 million by 2028.

ISO tank containers are large, reusable containers designed for the transportation of bulk liquids, gases, and powders. ISO tank containers offer numerous advantages over traditional methods of transportation, such as increased safety, cost-effectiveness, and reduced environmental impact. The chemical industry has experienced substantial growth in recent years, driven by the expanding manufacturing sector and the increasing demand for various chemical products. ISO tank containers offer a secure and reliable means of transporting chemicals, reducing the risk of spills, leaks, and contamination, such advantages are driving the growth of the ISO tank container market. As the chemical industry continues to grow, the demand for ISO tank containers is expected to rise accordingly.

Another significant factor propelling the growth of the ISO tank container market is the increasing global trade of food-grade liquids, such as edible oils, juices, and wine. ISO tank containers provide a hygienic and contamination-free environment for the transportation of food-grade liquids, ensuring the quality and safety of the products. Furthermore, the use of ISO tank containers can help reduce product wastage and transportation costs, making them an attractive option for food and beverage companies.

ISO tank containers are designed to transport these gases safely and efficiently, minimising the risk of accidents and environmental damage. As the global energy landscape shifts towards cleaner and more sustainable sources, the demand for ISO tank containers for the transportation of liquefied gases is expected to grow. The adoption of intermodal transportation systems has further supported the growth of the ISO tank container market. ISO tank containers are designed to be compatible with various intermodal transportation systems, allowing for seamless transfers between different modes and reducing the overall transit time. As businesses worldwide increasingly adopt intermodal transportation to optimise their supply chains, the demand for ISO tank containers is expected to rise.

Additionally, increasing environmental awareness and the adoption of sustainable practices in the transportation industry have also positively impacted the ISO tank container market. ISO tank containers can help reduce the environmental impact of transporting bulk liquids, gases, and powders by minimising product wastage, lowering greenhouse gas emissions, and decreasing the amount of packaging waste generated. As businesses and governments worldwide prioritise sustainability and eco-friendly practices, the demand for ISO tank containers is expected to grow, boosting the growth of the ISO tank container market.

Market Segmentation

The market can be divided on the basis of transport mode, application, and region.

Market Breakup by Transport Mode:

• Road
• Rail
• Marine

Market Segmentation by Application:

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

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global ISO tank container companies. Some of the major key players explored in the report are as follows:

• Stolt-Nielsen Limited
• HOYER GmbH
• Bertschi AG
• Bulkhaul Ltd
• Danteco Industries BV
• Others

*The publisher always strives to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.