Cargo Shipping Market by Cargo Type (Liquid, Dry, General, Container), Industry Type (Food, Electrical/Electronics, Mineral Fuels & Oils, Manufacturing), Trade Routes, Infrastructure, Regulations, and by Freight Forwarding - Global Trends and Forecast to 2021
Cargo shipping market is projected to reach 12.52 billion tons at CAGR of 3.5% from 2016 to 2021. The cargo shipping market is estimated to gain momentum from 2018 onwards after years of sluggish growth. Global economic growth, rise in the global commodity demand that results in increased seaborne trade that ultimately act as key drivers of the growth of global cargo shipping trade. The study segments the cargo shipping trends on the basis of cargo type, industry type, and major trade routes. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 to 2021.
