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The global container shipping market is predicted to reach US$10.93 billion in 2025, progressing at a CAGR of 8.49% over the period 2021-2025.
Factors such as a growing population, accelerating economic growth, rising demand for shipping containers, increasing steel production and rapid urbanization are set to drive market growth. However, market growth is set to be challenged by mounting concerns regarding CO2 emissions, high shipment costs and environmental regulations. A few notable trends include dropping oil prices, surging coal demand, advancements in container shipping and a growing trend of containerization.
The global container shipping market has been segmented on the basis of container size and type. In terms of type, the global container shipping market can be bifurcated into small container, large container and high cube container. Whereas, the container shipping market can be segmented into dr
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