Japan ISO Tank Container Market Report and Forecast 2024-2032

Japan ISO Tank Container Market Outlook

The Japan ISO tank container market attained a value of about USD 58.72 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.3%.

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Rising Demand for Transportation of Petrochemicals Boosting the ISO Tank Container Industry in Japan

Japan holds a significant share of the crude oil industry in the Asia Pacific region. The country has nearly 23 crude oil refineries, which contribute significantly to the export of petrochemicals, especially oil and gas, throughout the world. As ISO tank containers can have nearly six compartments, they are ideal for transporting petroleum products of multiple grades simultaneously. This is aiding the market growth. Moreover, ISO tank containers also provide a wide variety of delivery options owing to diverse container types. In addition, they are durable and have a lifespan of nearly 30 years. ISO tank containers are typically made of stainless steel, due to which they have corrosion resistance properties and provide maximum protection to the delivered goods. Also, the containers are carefully designed and inspected to comply with ISO standards; hence the risk of leakage is considerably reduced. Due to these advantages, ISO tank containers are increasingly used in transportation in the petroleum and chemical industries, consequently propelling the market growth.

ISO Tank Container: Market Segmentation

An ISO tank container is a container that is used for the transport of gas, liquid, and powders, which is manufactured according to the International Organisation for Standardisation requirements of dimensions and features. It reduces shipping and handling costs by allowing smaller packaged goods to be transported easily.

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The major transport modes of ISO tank container are:

• Road
• Rail 
• Marine

The market can be broadly categorised on the basis of its container types into:

• Dry Container
• Thermal and Refrigerated Container
• Tank Container
• Open Top Container
• Insulated Container
• Flat Rack Container
• Others

Based on application, the market is divided into:

• Chemicals
• Petrochemicals
• Food and Beverage
• Pharmaceuticals
• Industrial Gas
• Others

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Environmental Benefits and Sustainability of ISO Tank Containers to Bolster the Market Growth

The Japanese government is focusing on reducing greenhouse gas emissions and carbon footprints owing to the rapid climate change. The rising demand for greener products is increasing the use of ISO tank containers, which save fuels and reduces carbon dioxide emissions by more than half on long routes. As ISO tank containers are majorly made of metals and stainless steel, they can be recycled by melting. Moreover, the containers are safe for long hauls as they eliminate the risk of mechanical breakdowns or bad weather conditions; hence they are preferred for transportation in various industries, which is augmenting the market growth. In addition, the increasing use of mobile phone apps to track shipments and provide required transportation information to consumers is surging the demand for ISO tank containers, hence fuelling the industry growth. Innovative designs are leading to the development of ISO tank containers with higher strength and lighter structure to maximise cargo payload. Moreover, the use of the latest technologies to ensure efficient low energy production is further anticipated to accelerate the market growth.

Key Industry Players in the Japan ISO Tank Container Market

The report presents a detailed analysis of the following key players in the Japan ISO tank container market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Japan Oil Transportation (JOT)
• NRS Corporation
• Nippon Marine Logistics, Ltd.
• Sinotrans Japan Co., Ltd.
• Manock Industry Co., Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report