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Articles > Shipping Container Market Foreseen To Increase Exponentially By 2030

Shipping Container Market Foreseen To Increase Exponentially By 2030

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The global shipping container market was valued at USD 6.41 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 12.0% from 2020 to 2028. This high growth is largely driven by the increase in maritime shipping, which is a result of more trade agreements being formed between nations. Most shipping containers are manufactured based on the specifications set by the International Organization for Standardization (ISO). These standards are crucial for ensuring smooth loading and unloading processes, as well as for maintaining the container's structural integrity during transportation, even under extreme conditions.

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