India Container Market Will Grow Rapidly In Coming Years

Posted by rahul nikade on January 10th, 2025

India Container Industry

The India container market size is anticipated to reach USD 10.74 billion by 2030, registering a CAGR of 2.7% from 2025 to 2030, according to a new study conducted by Grand View Research, Inc. Factors such as the growing demand for cargo transportation through ships, increasing trade-related agreements, rising demand for specialized shipping containers by the defense department, and digitalization in container shipping are driving the demand for containers.

Numerous trade-related agreements have been formed between developing and developed nations for the trading of goods. This has led suppliers to opt for waterways as an efficient means of transportation. According to an IBEF report, ports in India handle around 95% of the international trade volume of the country. The increase in trade activities in India is expected to boost the demand for containers over the forecast period.

Increasing automation of ships, coupled with the demonstrations and testing of autonomous ships of leading companies, has encouraged various countries to develop automated vessels for cargo and passenger transport. Furthermore, the e-commerce industry has witnessed a significant increase in the last few years. The growth of the transportation industry on account of the increasing online retail is expected to support the growth of the container market in India. However, fluctuations in transportation and inventory costs are likely to hamper market growth.

Strong growth potential, Standard Operating Procedures (SOPs) provided by the government, and favorable investment activities have encouraged domestic and foreign private players to enter the Indian port. Additionally, with the expansion of ports and terminals, private players are extensively participating in port logistics service, which is expected to drive the demand for shipping containers over the forecast period. Factors such as the special economic zones being developed near several ports and terminals and an increase in marine safety norms are anticipated to provide growth opportunities for the shipping container market.

Gather more insights about the market drivers, restrains and growth of the India Container market

India Container Market Segments Highlights:

• The food & beverage segment is expected to grow at the fastest CAGR during the forecast period. Increasing disposable income among consumers is driving higher spending on premium and healthier food options, reflecting a shift toward quality and nutrition.
• The 40 feet segment dominated the market in 2024. Factors such as increased durability and large space offered by 40 feet containers are contributing to their high adoption across various applications
• India has emerged as the world’s fastest-growing economy for the past five years owing to the rising demand for consumer goods and services
• The increasing demand for freight transport in India, owing to the growing population and improved living standards, along with high demand for consumer goods among consumers and businesses, is expected to drive the demand for India container market

India Container Market Report Segmentation

Grand View Research has segmented the India container market report based on product, and end use:

India container Product Outlook (Revenue, USD Million, 2018 - 2030) 

• 20 Feet
• 40 Feet
• 45 Feet

India container End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Food & Beverage
• Consumer Goods
• Industrial Goods
• Healthcare
• Others

Key India Container Company Insights

• P. Moller - Maersk
• COSCO SHIPPING Development Co,. Ltd.
• China International Marine Containers (Group) Co., Ltd.
• CXIC Group
• Singamas Container Holdings Limited
• Hapag-Lloyd AG
• Evergreen Marine Corporation
• MSC Mediterranean Shipping Company S.A.
• Yang Ming
• ZIM Integrated Shipping Services Ltd.
• DCM Hyundai Ltd.
• K. Technologies Pvt. Ltd.
• AB Sea Container Pvt. Ltd.

Order a free sample PDF of the India Container Market Intelligence Study, published by Grand View Research.