ISO Tank Containers Market: By Container Type (Multi-Compartment Container, Lined Container, Reefer Container, Cryogenic & Gas Container, Swap Body Container, Dry Container, Open Top Container, Flat Rack Container, Others), By Transport Mode (Road, Rail, Marine), By End-User Industry (Chemicals, Petrochemicals, Food & Beverage, Pharmaceuticals, Industrial Gas, Information Technology, Others) and Geography

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ISO Tank Containers Market was valued at USD 245.7 million in 2022 and is poised to grow at a CAGR of 5.3% over 2023-2029. An intermodal container, also called an ISO tank container, is a large standardized container designed and built for intermodals freight transport meaning can be utilized for different modes of transport ranging from ship to rail to truck without unloading and reloading. Intermodal containers’ primary purpose is to store and transport and is made up of rust-retardant Corten steel making it durable for long travel. These are most commonly used in the chemical and petrochemical industries, and the growing petrochemical industry is expected to propel the growth of the ISO tank containers market in the forecast years. Recently, Gas Exports throughout the world is driving the ISO container market. For instance, according to statistics, Qatar exports about 114.1 billion cubic meters of liquefied natural gas (LNG) throughout the world. The recent ongoing cutthroat competition between countries to politically dominate the Eastern and Western countries has led to register lucrative growth opportunities due to the growing demand for better, safer, and more efficient containers during water and air transport for long hauls. The increased demand for packaged food and beverage products is currently in trend booming the e-commerce industry, which is also increasing reliance on ISO tank containers. But after the COVID-19 pandemic, the manufacturer experienced a disruption in the market, also the infrastructure development, equipment, certification, and inspection associated with ISO tank containers require a high initial investment hindering the market growth. However, the market is seeing an increased demand across healthcare, e-commerce, chemicals, petrochemicals, and IT sector creating an urgency for demand in the market is expected to increase in the forecast years.

ISO Tank Container Market Key Developments:

  • In November 2022, Qunatix, a portfolio company of Wind Point Partners and North America’s leading supply chain services company announced its acquisition of G&W Tanks.
  • In October 2022, KKR, a leading global investment firm announced the acquisition of Boasso Global, Inc., a premier provider of depot, maintenance, cleaning, and transportation services for the ISO tank container industry in North America.

ISO Tank Containers Market Summary

Study Period

2023-29

Base Year

2022

CAGR

5.3%

Largest Market

North America

Fastest Growing Market

Asia Pacific
ISO Tank Containers Market Dynamics

The market is expected to rise as the demand for petrochemicals is experiencing growth across the globe. Petrochemicals are chemicals that have extensive commercial applications. The demand for petrochemicals is increasing as they are used for transporting hazardous petrochemicals as they are made up of protective layers that provide protection from corrosion. According to statistics, the petrochemical feedstock accounts for 12% of global oil demand and the share is expected to increase over the forecast years. The ISO Tank containers leave almost less than 50 % of less carbon footprint and are hence used extensively by the petrochemical industries to meet international safety standards. Due to the rising demand for these containers across petrochemical industries, the ISO tank container market is anticipated to expand significantly in the forecast years.

Key Features of the Reports

  • The ISO tank container market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

ISO Tank Containers Market Segmentation

By Container Type
  • Multi-Compartment Container
  • Lined Container
  • Reefer Container
  • Cryogenic & Gas Container
  • Swap Body Container
  • Dry Container
  • Open Top Container
  • Flat Rack Container
  • Others
By Transport Mode
  • Road
  • Rail
  • Marine
By End User
  • Chemicals
  • Petrochemicals
  • Food & Beverage
  • Pharmaceuticals
  • Industrial Gas
  • Information Technology
  • Others

Frequently Asked Questions

The ISO tank container market was valued at USD 245.7 million in 2022 and is expected to grow at 5.3 % CAGR over the forecast period 2023 – 2029.

The increased demand for petrochemicals in various industries, and the boosted import and export of petrochemicals by the developed countries are driving the ISO tank containers market.

The ISO tank container market has been segmented into North America, Europe, Asia Pacific, Latin America the Middle East, and Africa.

Road, rail, and marine are the modes of transport of ISO tank containers.

Intermodal Tank Transport, VTG Tanktainer GmbH, Bertschi AG, Bulkhaul Limited, Royal Den Hartogh Logistics, HOYER GmbH, Interflow TCS Ltd, New Port Tank, Sinochain Logistics Co., Ltd., Meeberg, Nantong Tank Container CO. Ltd., China International Marine Containers Co. Ltd., Singamas Container, CXIC Group Containers Company Limited, Bewellcn Shanghai, Danteco Industries BV, Corban Energy Group are a few companies operating in ISO tank containers market.

  • Intermodal Tank Transport
  • VTG Tanktainer GmbH
  • Bertschi AG
  • Bulkhaul Limited
  • Royal Den Hartogh Logistics
  • HOYER GmbH
  • Interflow TCS Ltd
  • New Port Tank
  • Sinochain Logistics Co., Ltd.
  • Meeberg
  • Nantong Tank Container CO. Ltd.
  • China International Marine Containers Co. Ltd.
  • Singamas Container
  • CXIC Group Containers Company Limited
  • Bewellcn Shanghai
  • Danteco Industries BV
  • Corban Energy Group