Tank Container Market Synopsis

Tank Container Market Size Was Valued at USD 1,735.33 Million in 2023, and is Projected to Reach USD  3,812.73 Million by 2032, Growing at a CAGR of 9.14% From 2024-2032.

A tank container is a type of container that is used to transport liquids, gases and powders in large quantities on a single shipment. It comprises of a cylindrical tank that fits within a standard container frame which gives a safe and standard practice in the transportation of hazardous and non-hazardous cargo. Application of Tank containers includes; chemicals, food and beverages, pharmaceuticals, and oil and natural gas industries and used for the bulk liquid transport across the value system.

• The tank container industry has been experiencing rapid growth because of the enhancement in the cross-border transportation of goods and services and the requirement for transportation of fluids and gases in large quantities. Tank containers are flexible, making it possible to transport a number of products starting from chemical products and gases, through foodstuffs, drugs and even poisonous substances. This is mostly because of benefits like the standardized sizes to suit various means of transport and this has occasioned ease of transport through ships, railway and trucks among others.

• Market drivers include; escalated requirements for transportation of the bulk liquids across markets including the chemical, oil & gas and the food & beverages. The increase of international commerce and globalization especially enhances the market because producers look for innovative and cheap ways delivering goods across the borders. Policies concerning safety, especially environmental protection, lead to innovations in the construction of tank container and the material used in fabrication to meet required standard in transporting goods.

•  However, as technology progresses on the manufacturing of tank containers, the tanks have become stronger, safer and more efficient. Advancements made in insulation and heating systems help reach products that are delicate in nature, thus enlarging the scope of the product in the pharmaceuticals and food sectors.

•  Locally, the Asia-Pacific region is the largest consumer because of industrialization, growth of the economy and high production of chemicals especially in countries such as China and India. Europe and North America also come next since they have well-developed logistical infrastructure and reliability requirements concerning personal safety.

•  Therefore, looking towards the future, the market of tank containers is expected to further develop through the continuation of infrastructure investment, technology development in logistics and changing regulations all across the world. The steady trends of global industries to emphasize the aspects of efficiency, safety, and sustainability of logistic systems will maintain the continued growth of tank containers market, as well as the consequent process of innovations.

Tank Container Market Trend Analysis

Shift Towards Sustainable Materials

• Sustainability and environmental contingencies and policies have been a driving factor in the packaging materials market with tank container market not being exceptional. Major stakeholders of the industry are focusing more on the factors related to green manufacturing like the use of CFRP, ACP, RMPs, and Hrmsc with greater recycled content.

• As such, in addition to lowering the carbon footprint that is normally accorded to production of these materials, distinctive makes for improved sustainability of the tank containers used in further transport of various liquids and gases. There are definitely more governmental programs encouraging customers to adopt sustainable solutions and the increasing awareness of clients about the necessity of making logistics environmentally friendly are stimulating this change as well. Thus, specialized manufacturers are focusing more on the constantly developing R&D to produce novel sustainable materials for tank containers’ manufacturing and optimize the sustainability throughout the tank’s lifecycle, in compliance with the increasing regulatory standards and market demands for environmental responsibility.

Growing Demand for Chemical Transportation

• Global chemical transportation tank container market is one of the most promising market growth indices which are fueled through the following factors. Primarily, the rising globalisation of chemicals supply chain is one of the key reasons that call for appropriate and safe methods of transportation. Some benefits of tank containers include associated capabilities in transporting diverse forms of chemicals and harms some forms of chemicals by using environmentally friendly means. Thus, the regulation on the transportation of chemicals specifically advocating the use of safer means increased the use of chemical containers that meet international safety standards.

• Another driver is the increase in application of specialty chemicals that are needed in industries like the pharmaceutical, agriculture, and manufacturing industries which demand reliable and specific transportation systems to preserve the quality and safety of the products. Also, the development of varieties of containers that include insulation, better material compatibility with the chemicals as well as use of environmentally friendly products also help in the expansion of the market. Due to increasing development of industries as well as increasing strictness in regulations in transportation, chemical transportation tank containers are set to maintain its market growth rate leading to evolution and development of this sector.

Tank Container Market Segment Analysis:

Tank Container Market Segmented based on  Product Type, and Application .

By  Product Type , Super - insulted tank container segment is expected to dominate the market during the forecast period

• A major segmentation can be done on the basis of product types for the Tank Container Market, where the classification can be based on the type of application and utilities that the segment offers to various industries. The Reefer/Heated tank containers are basically used for carrying out the temperature sensitive products to control the temperatures for perishable products for its transportation. Super insulated tanks tanks are an improvement because they offer better thermal efficiency which is perfect for substances that need to be transported over long distances at a certain temperature. Swap body tank containers are convenient and lightweight, commonly used in intermodal transportation system since it makes the loading and unloading processes easy.

• Multi-purpose tank containers are those tank containers that are used for general purposes and can transport virtually any type of liquid or gaseous cargo; thus, they have notable influence on the market’s versatility for various industries. This segmentation is derived from the complexity and the variety of the applications in the tank container industry that addresses global supply chain and logistics solutions based on the nature of cargoes.

By Application , Chemical Industry  segment held the largest share in 2023

• The global demand of tank container is increasing and major end user industries include chemical, food & beverages, energy, etc. Tank containers are vastly used in the chemical industry because of their strength and ability to accommodate many chemical products, including hazardous ones, because they fully meet safety requirements. This segment applies because of the growing internationalization of the chemicals trade and the importance of effective supply chain services. In the food and beverages industry, the main application of tank containers is in the transportation of liquid products such as juices, oils, and alcoholic products while preserving hygiene.

• For the globalization of packaged and processed foods here the advantage is obtained by the market. In addition, the energy industry also uses tank containers for transmitting different types of fuel as well as oils which cater to the increasing energy products globally. These are some of the driving forces behind the growth of this market within this sector due to increased infrastructural development and increased adoption on renewable energy sources which need transportation. Talking of the overall outlook, the research findings reveal that the tank container market will continue to grow in those industries because of factors such as globalisation, safety requirements, and adequate transportation demand.

Tank Container Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The tank container market will be led by Asia Pacific during the forecast period as well. This primacy may be due to several main factors. Firstly, due to the increasing industrialization all over the globe, new industries such as chemical, oil & gas and food & beverages have shown a splendid growth in the South American region and for transportation of these products, tank container gives a better solution. Besides, expanding the trade operations inside Asia Pacific and other areas elevate the requirement for containerized transport that is versatile + and secure, thus contributing toward market growth.

• Moreover, strategies and measures to optimize the logistic framework as well as the refinement in the construction of container and the development of material technologies make the transportation of tank containers in the region safer and more effective. In addition, the supportive policies of the government in international trade and investment plays the vital role in the growth of the logistics market. Therefore, the Asia Pacific region can be termed as a promising location in global tanks containers market that would continue its reign in the future through proper investment, constant research and development, and supportive policies thereby leading to noble market growth over the course of the forecast period.

Active Key Players in the Tank Container Market

• Hoover Ferguson Group (USA)
• Stolt Tank Containers (Netherlands)
• Bulkhaul Limited (UK)
• THIELMANN (Germany)
• Welfit Oddy (South Africa)
• Bertschi AG (Switzerland)
• Newport Tank Containers (Netherlands)
• Eurotainer SA (Switzerland)
• KNOW-HOW Transfer GmbH (Germany)
• UBH International Ltd (UK)
• Others Key Player

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Tank Container Market by Product Type
 4.1 Tank Container Market Snapshot and Growth Engine
 4.2 Tank Container Market Overview
 4.3 Reefer/Heated tank container
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Reefer/Heated tank container: Geographic Segmentation Analysis
 4.4 Super insulted tank container
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Super insulted tank container: Geographic Segmentation Analysis
 4.5 Swap body tank container
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Swap body tank container: Geographic Segmentation Analysis
 4.6 Common tank container
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Common tank container: Geographic Segmentation Analysis

Chapter 5: Tank Container Market by Application
 5.1 Tank Container Market Snapshot and Growth Engine
 5.2 Tank Container Market Overview
 5.3 Chemical Industry
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Chemical Industry: Geographic Segmentation Analysis
 5.4 Food and Berage Industry
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Food and Berage Industry: Geographic Segmentation Analysis
 5.5 Energy Industry
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Energy Industry: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Tank Container Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 HOOVER FERGUSON GROUP
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 STOLT TANK CONTAINERS
 6.4 BULKHAUL LIMITED
 6.5 THIELMANN
 6.6 WELFIT ODDY
 6.7 BERTSCHI AG
 6.8 NEWPORT TANK CONTAINERS
 6.9 EUROTAINER SA
 6.10 KNOW-HOW TRANSFER GMBH
 6.11 UBH INTERNATIONAL LTD
 6.12 OTHERS KEY PLAYER

Chapter 7: Global Tank Container Market By Region
 7.1 Overview
 7.2. North America Tank Container Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Product Type
   7.2.4.1 Reefer/Heated tank container
   7.2.4.2 Super insulted tank container
   7.2.4.3 Swap body tank container
   7.2.4.4 Common tank container
  7.2.5 Historic and Forecasted Market Size By Application
   7.2.5.1 Chemical Industry
   7.2.5.2 Food and Berage Industry
   7.2.5.3 Energy Industry
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Tank Container Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Product Type
   7.3.4.1 Reefer/Heated tank container
   7.3.4.2 Super insulted tank container
   7.3.4.3 Swap body tank container
   7.3.4.4 Common tank container
  7.3.5 Historic and Forecasted Market Size By Application
   7.3.5.1 Chemical Industry
   7.3.5.2 Food and Berage Industry
   7.3.5.3 Energy Industry
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Tank Container Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Product Type
   7.4.4.1 Reefer/Heated tank container
   7.4.4.2 Super insulted tank container
   7.4.4.3 Swap body tank container
   7.4.4.4 Common tank container
  7.4.5 Historic and Forecasted Market Size By Application
   7.4.5.1 Chemical Industry
   7.4.5.2 Food and Berage Industry
   7.4.5.3 Energy Industry
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Tank Container Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Product Type
   7.5.4.1 Reefer/Heated tank container
   7.5.4.2 Super insulted tank container
   7.5.4.3 Swap body tank container
   7.5.4.4 Common tank container
  7.5.5 Historic and Forecasted Market Size By Application
   7.5.5.1 Chemical Industry
   7.5.5.2 Food and Berage Industry
   7.5.5.3 Energy Industry
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Tank Container Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Product Type
   7.6.4.1 Reefer/Heated tank container
   7.6.4.2 Super insulted tank container
   7.6.4.3 Swap body tank container
   7.6.4.4 Common tank container
  7.6.5 Historic and Forecasted Market Size By Application
   7.6.5.1 Chemical Industry
   7.6.5.2 Food and Berage Industry
   7.6.5.3 Energy Industry
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Tank Container Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Product Type
   7.7.4.1 Reefer/Heated tank container
   7.7.4.2 Super insulted tank container
   7.7.4.3 Swap body tank container
   7.7.4.4 Common tank container
  7.7.5 Historic and Forecasted Market Size By Application
   7.7.5.1 Chemical Industry
   7.7.5.2 Food and Berage Industry
   7.7.5.3 Energy Industry
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research