Global Bulk and Break Bulk Shipping Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Bulk and Break Bulk Shipping Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Breakbulk shipping is when individual cargo items are transported whereas bulk shipping is when things like grain are loaded onto the ship loosely. The two types of cargo require specialized cargo ships and methods to load and unload properly. Bulk cargo poses unique handling and transportation challenges, due to its volume and weight. Effective bulk cargo handling requires a comprehensive understanding of the specific materials in transit and the appropriate storage, handling, and transportation methods to ensure safety and efficiency throughout the transaction. Break bulk shipping is non-containerized shipping. It is used to transport oversized cargo such as machinery, building materials and vehicles, as well as cargo transported in bags, barrels, wooden boxes, pallets and metal drums.

Market Overview:

The latest research study on the global Bulk and Break Bulk Shipping market finds that the global Bulk and Break Bulk Shipping market reached a value of USD 539817.89 million in 2023. It’s expected that the market will achieve USD 810597.15 million by 2029, exhibiting a CAGR of 7.01% during the forecast period.

Bulk cargo is a shipping term for items that are shipped loosely and unpackaged as opposed to being shipped in packages or containers. An item may be classified as bulk cargo if it is not containerized and easily secured on a vessel. Items such as oil, grain, or coal are all examples of bulk cargo. Bulk cargo is classified as either a liquid, or a dry item. This type of cargo is typically dropped or poured as a liquid or solid into a merchant ship, railway car, or tanker truck. Break bulk is general cargo, loaded into a ship or transport mode as individual or bundled pieces, not stowed into a container, or not transported in ship-sized liquid or dry bulk loads. Break bulk cargo is packaged cargo that is oversized or heavyweight, creating a more complex logistical challenge. They also can't be loaded onto flat rack containers, due to their size or weight. Break bulk goods are packaged and transported using bags, crates, drums, or barrels, or might be packed and secured on pallets. These items are loaded and unloaded onto ships individually, increasing handling and transportation costs. They are typically transported on specialty ships that use heavy lift cranes to accelerate loading and unloading.

Digitalization transforms trade and transport

While bulk and break bulk shipping is no longer the dominant mode of maritime transport, it continues to serve specific niches in the global shipping industry. As technology and logistics practices evolve, break-bulk shipping may find new applications for handling specialized cargo or addressing unique logistical challenges. The future of break-bulk shipping will likely be intertwined with broader developments in the maritime sector.

Maritime transport and trade sector has been shaken by a succession of disruptions

The maritime transport and trade sector has been shaken by a succession of disruptions and is having to adapt to other structural shifts, particularly in response to climate change. The sector needs to reset to a new normal that involves low greenhouse gas emissions (GHG) and clean energy, more resilient supply chains and logistics, digitalization and data-driven business models. It also has to respond to new demand and consumption patterns, and more fragmented, localized, or regionalized operating and trading environments.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Bulk and Break Bulk Shipping market and is expected to become the largest region by 2028.

Company Overview:

COSCO
COSCO SHIPPING Bulk Co., Ltd. is an important subsidiary of CHINA COSCO SHIPPING CORPORATION LIMITED. The Company’s predecessor is CHINA COSCO BULK SHIPPING (GROUP) CO., LTD., which is subordinate to COSCO Group and China Shipping Bulk Carrier Co., Ltd., which is affiliated to China Shipping Group. After the integration and reorganization, a new chapter is open for the company on June 16th, 2016 in Guangzhou. The Company is the largest and professional bulk shipping corporation in the world, with more than 400 various types of bulk carriers and nearly 40 million DWT, loading iron ore, coal, grain and all other bulk cargoes. Shipping routes cover both China coastal areas and world-wide major ports, and the shipping service networks spread all over the world.

NYK Line

Nippon Yusen Kabushiki Kaisha, also known as NYK Line, is a Japanese shipping company and is a member of the Mitsubishi keiretsu. The company headquarters are located in Chiyoda, Tokyo, Japan. It operates a fleet of about 800 ships, which includes container ships, tankers, bulk and woodchip carriers, roll-on/roll-off car carriers, reefer vessels, LNG carriers, and cruise ships. Currently, it is a member of the Ocean Network Express company.

COSCO is one of the major players operating in the Bulk and Break Bulk Shipping market, holding a share of 3.07% in 2023.

Segmentation Overview:

Among different product types, Bulk Shipping segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Oil, gas and Oresegment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bulk and Break Bulk Shipping market covered in Chapter 3:

Oldendorff Carriers
MOL
COSCO
Pacific Basin Shipping
NYK Line
Teekay
Ultrabulk
Stolt Tankers BV
Hyundai Glovis
Pan Ocean
Western Bulk Company
Frontline
China Merchants Group
Golden Ocean Group
Wallenius Wilhelmsen
K-Line
Grimaldi Group
Höegh Autoliners
Scorpio Tankers
Star Bulk Carriers

In Chapter 4 and Chapter 14.2, on the basis of types, the Bulk and Break Bulk Shipping market from 2019 to 2030 is primarily split into:

Bulk Shipping
Break Bulk Shipping

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bulk and Break Bulk Shipping market from 2019 to 2030 covers:

Food and Beverage
Oil, gas and Ore
Machinery & Metal Material
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)