Dry bulk is a product, shipped in large amounts and unpackaged situations by the bulk carrier. Generally, dry bulk products are categorized major dry bulk and Minor dry bulk, major dry bulk comprises Grains, Coal And Iron Ore, Minor bulk includes Minerals, fertilizer, cement, woods, sugar, Bauxite/Alumina, etc. Coal is the second-largest bulk commodity in terms of volume following iron ore commodity. There are also liquid bulk commodities, which includes oil, petroleum product, chemicals, gas, and processed fuels. Liquid bulk segment contributes more than 30% of total bulk trade-in terms volume throughput globally. Gas bulk trade involves various gasses like compressed natural gas, liquefied natural gas, and many other gases like hydrogen, etc.
The Global Bulk Terminals Market was valued for US$ 17411.5 Mn in 2021 is expected to exhibit a CAGR of 3.5% % during the forecast period.
Recent Developments:
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 17411.5 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 3.5% | 2030 Value Projection: | US$ 23271.4 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Thessaloniki Port Authority SA., Ultramar Group, Global Ports Investments PLC, Noatum Ports, S.L.U., Ports America, Inc., DP World Ltd., China Merchants Port Holdings Co. Ltd, Yilport Holding Inc., APM Terminals, HES International B.V., DaLian Port (PDA) Company Limited, Puerto Ventanas S.A., and Euroports Holdings S.à r.l. |
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| Restraints & Challenges: |
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Restraint:
Global Bulk Terminals Market - Impact of Coronavirus (Covid-19) Pandemic:
Many governments around the globe such as India, Spain, and Italy have imposed nationwide lockdown to prevent the spread of COVID-19 disease. For instance, India has imposed a lockdown from 25 March to 1 May until further notice. Lockdown resulted in a shortage of workers at the ports. Due to the manpower shortage, the ports are struggling to move the cargoes. Moreover, there is also a shortage of transportation facilities such as Trucks and Trains. Owing to the above-mentioned factors, the COVID-19 pandemic is expected to restrain market growth during the year 2020.
Asia Pacific held a dominant position in the global bulk terminals market in 2021
Figure 1: Global Bulk Terminals Market Share (%), By Region, 2021
Statistics:
Asia Pacific region dominated the global Bulk Terminals market in 2021, accounting for a 49.9% share in terms of value, followed by Europe, and North America, respectively.
Figure 2: Global Bulk Terminals Market (US$ Mn) Analysis and Forecast, 2022 - 2030
The Global Bulk Terminals market was valued at US$ 17411.5 Mn in 2021 and is expected to reach US$ 23271.4 Mn by 2030, growing at a CAGR of 3.5% between 2022 and 2030.
Major players operating in the Global Bulk Terminals market include Thessaloniki Port Authority SA., Ultramar Group, Global Ports Investments PLC, Noatum Ports, S.L.U., Ports America, Inc., DP World Ltd., China Merchants Port Holdings Co. Ltd, Yilport Holding Inc., APM Terminals, HES International B.V., DaLian Port (PDA) Company Limited, Puerto Ventanas S.A., and Euroports Holdings S.à r.l.
Dry bulk is a product, shipped in large amounts and unpackaged situations by the bulk carrier. Generally, dry bulk products are categorized major dry bulk and Minor dry bulk, major dry bulk comprises Grains, Coal And Iron Ore, Minor bulk includes Minerals, fertilizer, cement, woods, sugar, Bauxite/Alumina, etc. Coal is the second-largest bulk commodity in terms of volume following iron ore commodity. There are also liquid bulk commodities, which includes oil, petroleum product, chemicals, gas, and processed fuels. Liquid bulk segment contributes more than 30% of total bulk trade-in terms volume throughput globally. Gas bulk trade involves various gasses like compressed natural gas, liquefied natural gas, and many other gases like hydrogen, etc.
The Bulk Terminals Market was valued for US$ 17411.5 Mn in 2021.
Market Dynamics
Since the level of emission from power industries and automobiles has increased significantly, it has become mandatory to find substitutes for conventional fuels such as coal and other petroleum-based fuels. As a result of this, many major consumer economies have shown inclination to adopt natural gas as an effective substitute with lesser emission. According to Coherent Market Insights’ analysis, Global natural gas production has grown by approximately 2.2% in 2015 than in the preceding year, whereas consumption of natural gas is increased by 1.7%. Countries such as Australia, Qatar, and Norway increased the export of natural gas significantly. According to the same source, global LNG trade was valued at around 244.8 MT in 2015, an increase of nearly 4.7 MT than that in 2014. Thus, increasing focus on natural gas from developed as well as emerging economies is expected to boost the global bulk terminals market growth over the forecast period. According to the United Nations (UN), global population has increased over 7 billion and is estimated to cross 8 billion, growing at a rate of 1.15% during the forecast period. Rapid increase in population has resulted in increase in the consumption of agricultural products. Moreover, agricultural production is highly concentrated on countries such as the U.S, Brazil, Argentina, China, and India, which accounts for over 75% of import and export of various grains as minor bulk commodities. According to Coherent Market Insights’ analysis, global seaborne trade of grains crossed 453 million ton in 2015, whereas the wheat and coarse grain accounted for around 72% of the traded volume. Therefore, these factors are expected to propel the market growth in the near future.
Key features of the study:
Detailed Segmentation
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