According to the recent research report titled ‘Global Shipping Container Market Size study, by Product (ISO Containers, Non-standardized Containers), by Type (Dry Containers, Reefer Containers, Tank Containers), by Flooring (Woods, Bamboo, Metal, Vinyl, Others), by size (20' Containers, 40' Containers, High Cube Containers, Others), by Application (Consumer Goods Transport, Industrial Transport, Food Transport, Others ) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global shipping container market size was worth USD 6.41 billion in 2020 and is expected to multiply with a CAGR of 12% over 2021-2027, subsequently amassing a valuation of USD 14.17 billion by end of the forecast period.
 

Worldwide shipping container market growth is primarily driven by increasing number of agreements for long-term maritime trade, rising digital penetration, growing adoption of automation at container ports, and rising popularity of e-commerce sales.
 

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For the record, a research by the International Chamber of Shipping every year claims that over 11 billion tons of products are transported through shipping containers.
 

The International Organization for Standardization (ISO) establishes guidelines for the production of shipping containers to ensure smooth and hassle-free loading and unloading. They are built to withstand harsh environments and maintain structural integrity throughout travel.
 

Elaborating on challenges plaguing global shipping container industry expansion, surging freight cost is likely to act as a challenge for businesses in this domain.
 

Coming to geographical ambit, Europe, North America, Asia Pacific, and Latin America are the key areas considered for the regional assessment of the overall market.
 

Strong marine trade of various countries in Asia Pacific positions it as the world's top region in terms of market share. On the other hand, Europe is expected to record a robust growth rate growth rate throughout 2021-2027, due to a rise in marine trade operations in the region.

Moving on to competitive terrain, Singamas Container Holdings Ltd., Cxic Group Containers Co Ltd., COSCO SHIPPING Development Co. Ltd., China International Marine Containers (Group) Ltd., A.P. Moller – Maersk, NewPort Tank Containers, Danteco Industries B.V., Bulkhaul Ltd., BNH Gas Tanks, and Bertschi AG are the prominent organizations influencing global shipping container market trends.