Tank Container Shipping Market 2024-2028, Poised for Growth Amid Expanding Seaborne Trade and LNG Demand
The Global tank container shipping market is set to grow by USD 172.7 billion between 2024 and 2028, reflecting a CAGR of 4.5%. Key factors fueling this growth include the rise in seaborne trade, the expanding liquefied natural gas (LNG) trade, and a shift toward alternative energy sources requiring specialized transportation solutions. The market plays a crucial role in transporting petroleum products, chemicals, gases, and foodstuffs, driven by increasing energy demand, advancements in technology, and stringent regulatory requirements.

For more details about the industry, get the PDF sample report for free
Market Segmentation
By End-User
- Oil and Gas – Leading segment driven by rising demand for liquid hydrocarbons and transportation fuels.
- Chemical – Includes transportation of industrial chemicals, hazardous materials, and specialty chemicals.
- Others – Covers various industries requiring liquid and gas transportation.
By Geography
- APAC
- Europe
- North America
- Middle East and Africa
- South America
By End-User Insights
The oil and gas sector is expected to see significant growth, fueled by the increasing demand for liquid hydrocarbons. With over 90% of the global transportation fleet relying on oil, the demand for crude oil and refined petroleum products continues to rise. Notably, rapid transportation sector developments in India and China are further propelling the market.
In 2018, the oil and gas segment was valued at USD 305.80 million, showing a steady increase through the forecast period.
Regional Market Trends
APAC (39% of Market Growth Contribution)
The APAC region is poised for substantial expansion, driven by its growing economies and increasing international trade.
-
China, India, Japan, South Korea, Indonesia, and Malaysia are experiencing rising crude oil imports, with India's crude oil imports exceeding 80% of its requirements.
-
Key commodities transported via tank containers in the region include fruit juices, sweet oils, and vegetable oil, alongside crude oil.
Market Dynamics
Market Drivers
- Growing Seaborne Trade – Since 2009, seaborne trade volume has consistently increased and is expected to continue expanding due to rising global GDP.
- Cost Efficiency of Seaborne Transport – Compared to other transportation modes, tank container shipping offers lower operational costs.
- Environmental Considerations – Companies are adopting alternative fuels such as LNG and improving energy efficiency to reduce emissions.
Market Trends
- Rising LNG Trade – Increased demand for natural gas has led to greater reliance on LNG transportation.
- Expansion of LNG Liquefaction Facilities – In 2021, the US commissioned four new LNG facilities, while Australia and Africa are also ramping up production.
- Implementation of Advanced Telematics – These systems enhance real-time monitoring, efficiency, and safety in LNG shipping.
Market Challenges
- Shift Toward Alternative Energy Sources – Growing investment in solar, geothermal, biofuels, nuclear, and hydroelectric energy is reducing reliance on traditional oil and gas sources.
- Diversification of Energy Portfolios – Countries are moving away from single-source energy dependence to ensure greater energy security.
Get more details by ordering the complete report
Key Players in the Market
- Den Hartogh Holding BV
- Amfico Agencies Pvt. Ltd.
- Bertschi AG
- Bulkhaul Ltd.
- Danteco Industries BV
- Eagletainer Logistics Pte Ltd
- Gruber GmbH and Co. KG
- HOYER GmbH
- Intermodal Tank Transport Inc.
- Lexzau Scharbau GmbH and Co. KG
- M and S Logistics
- NewPort Tank
- R.M.I. Global Logistics BV
- Singamas Container Holdings Ltd.
- Stolt Nielsen Ltd.
- Sun Logistics
- Suttons Transport Group Ltd.
- The Dana Companies
- Van den Bosch Transporten BV
Future Market Insights
The tank container shipping market is set to grow due to rising energy demands, advancements in logistics technology, and increasing global trade. The adoption of telematics systems, emerging alternative fuels, and new transportation technologies will play a pivotal role in shaping market trends.