The Bulk Terminals Market includes ports, marine terminals, and other affiliated infrastructures that are primarily involved in handling bulk cargoes such as dry bulk, liquid bulk, and break bulk. Bulk terminals play an important role in the import and export of bulk commodities through seaways. They provide efficient loading and unloading of bulk carriers and facilitate overseas trade activities. Some of the commonly handled bulk goods include coal, iron ore, grains, fertilizers, and cement. Bulk terminals offer massive storage yards, mechanized conveying systems, reclaimers, ship loaders, and other cargo handling equipment tailored for bulk cargoes. The presence of modern cargo handling infrastructure helps reduce turnaround time of bulk carriers and lowers the overall logistics cost.
The Global Bulk Terminals Market is estimated to be valued at US$ 56 Billion in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Bulk Terminals Market are Shanghai International Port Group Co. Ltd, DP World Limited, Guangxi Beilun International Port Group Limited, and China Merchants Port Holdings Company Limited. These companies collectively hold a sizable share of the market and have strategic presence across major bulk trade routes.
The growing demand for food grains and construction materials from developing economies is propelling the bulk commodities trade. This, in turn, is driving higher investment towards port infrastructure development and expansion of bulk handling terminals worldwide.
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