Global Container Shipping Market Set for Significant Growth, Expected to Reach USD 30.37 Billion by 2033

One of the major factors boosting the container shipping market is the rising trend of using ships for cargo transport. Automation is playing a significant role

VANCOUVER, BRITISH COLUMBIA, CANADA, April 2, 2025 /EINPresswire.com/ -- The global container shipping market is projected to grow from USD 9.72 billion in 2024 to USD 30.37 billion by 2033, with an estimated compound annual growth rate (CAGR) of 13.50%. The increasing use of shipping via rivers and advancements in cargo ship technology are key factors driving this growth.

Market Growth Drivers

One of the major factors boosting the container shipping market is the rising trend of using ships for cargo transport. Ships are a cost-effective method of moving large quantities of goods compared to air and road transportation. According to the United Nations Conference on Trade and Development (UNCTAD), approximately 1,687 million tons of goods are transported annually using 177.6 million containers, covering a distance of 998 billion ton-miles.

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Technological advancements in commercial vessels have also contributed to market expansion. Leading companies are integrating advanced sensors and navigation systems into cargo ships, improving efficiency and security. As a result, the demand for cargo transportation by sea is expected to increase significantly in the coming years.

Automation in Marine Transportation

Automation is playing a significant role in transforming the container shipping market. Companies are investing in autonomous ships to enhance efficiency and safety. A notable example is Rolls-Royce, which partnered with Finnish ferry company Finferries to launch the world’s first fully autonomous boat. Additionally, the Norwegian-built autonomous container ship, Yara Birkeland, began operations in 2021 through a collaboration between Yara and Kongsberg. These advancements are expected to further drive market growth by reducing human errors and enhancing cargo security.

Market Challenges

Despite the positive outlook, the market faces challenges such as fluctuations in inventory and transportation costs. The logistics sector is highly dependent on pricing, which affects both shipping costs and inventory management. Increased competition and variable costs in transportation may slow down market expansion in some regions.

Key Market Segment Insights

The container shipping market is segmented based on container size, including small containers (20 feet), large containers (40 feet), and high cube containers (40 feet). In 2023, small containers (20 feet) dominated the market due to their widespread use in global trade. These containers typically weigh up to 30,480 kg and have a payload capacity of around 28,310 kg. Their compact size and high demand in manufacturing and seaborne trade contribute to their leading position.

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Large containers (40 feet) are also gaining traction, particularly for transporting large shipments. These containers typically weigh up to 30,400 kg and have a payload of around 26,730 kg. Globalization, urbanization, and improvements in transport infrastructure are expected to fuel growth in this segment.

In January 2024, SITC and Xiamen Port Holdings Group inked a framework agreement to improve logistics. SITC is an intra-Asia shipping logistics company with its headquarters in Hong Kong. Through the new agreement, the two sides will concentrate their collaboration on the following areas: digital transformation, port intelligence, hinterland cargo source expansion, cross-border e-commerce, international transit, route network planning, and the full logistics service chain.

Some of the key companies in the global Container Shipping market include:

Almar Container Group
CARU Containers BV
China International Marine Containers Co. Ltd
China Shipping Container Lines
Evergreen Marine Corporation
Ritveyraaj Cargo Shipping Containers
Sea Box Inc
Singamas Container Holdings Limited
Triton International Limited
W&K Container Inc.

Container Shipping Market Latest Industry Updates

In May 2023, Following an order for 2,500 cargo-carrying steel boxes from the Container Corporation of India Ltd (CONCOR), Mazagon Dock Shipbuilders entered the container manufacturing industry.

In January 2023, AP The acquisition of Martin Bencher Group, a Danish project logistics specialist with superior capabilities in non-containerized project logistics and international operations, has been completed, according to Moller-Maersk (Maersk). By adding Martin Bencher, they are expanding their portfolio to include a wider range of industries and enhancing their capacity to provide project logistics services to their global clientele.

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Container Shipping Market Segmentation Analysis

Container Size Outlook (Revenue, USD Million; 2020-2033)

Small Containers (20 feet)
Large Containers (40 feet)
High Cube Containers (40 feet)

Container Type Outlook (Revenue, USD Million; 2020-2033)

Dry Storage Containers
Flat Rack Containers
Refrigerated Containers
Special Purpose Containers
Others

Regional Outlook (Revenue, USD Million; 2020-2033)

North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

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The container shipping market is poised for strong growth over the next decade. The increasing demand for efficient and secure transportation, coupled with technological advancements, will continue to drive the market. Additionally, government initiatives and innovations in container materials and design are expected to create new opportunities for industry players.

Eric Lee
Emergen Research
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