Sea Freight Forwarding - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)

Sea Freight Forwarding Market Analysis

The Sea Freight Forwarding Market was valued at USD 358.31 billion in 2025 and estimated to grow from USD 377.37 billion in 2026 to reach USD 488.97 billion by 2031, at a CAGR of 5.30% during the forecast period (2026-2031).

Robust earnings at container lines, the march toward digital booking standards, and a global pivot from just-in-time to just-in-case inventory strategies underpin this outlook. Merchant-fleet capacity additions, fresh port investments, and e-commerce–linked shipment fragmentation are widening the opportunity set for service providers that can guarantee space, speed, and visibility. Alliances controlling 80% of container capacity have announced new operating structures that take effect in 2025, further tightening schedule coordination and slot utilization. Yet the arrival of 478 new boxships in 2024 outpaced demand, pressuring spot rates and handing shippers negotiating leverage.

Global Sea Freight Forwarding Market Trends and Insights

Surge in container-port capacity additions 2025-2030

China’s top eight gateways lifted 224 million TEU in 2024, up 7%, while Shanghai crossed 50 million TEU, cementing its rank as the world’s busiest container port. Major U.S. hubs also broke throughput records; the Port of Los Angeles hit 10.3 million units and is investing in zero-emission yard gear. New megaprojects at Nansha, Chancay, and Tuas promise to reset sailing patterns, intensifying competition among freight forwarders for volume commitments. Parallel fleet growth-478 deliveries in 2024 alone hands shippers more slot choice, enabling forwarders to bargain harder for rates.

Rapid scaling of cross-border e-commerce fulfillment networks

Global retail e-commerce sales are tracking toward USD 8 trillion by 2027, producing a wave of parcel-sized ocean consignments. Walmart’s “port-to-door” service has already cleared 1,988 TEU for marketplace sellers, exemplifying how major retailers are internalizing logistics. Forwarders embracing application-program-interface connectivity can batch disparate seller orders into cohesive Less-than-Container-Load solutions, trimming dwell time and customs friction.

Freight-rate volatility linked to IMO 2023 fuel-sulfur cap surcharges

Very-Low-Sulfur Fuel Oil averaged USD 608 per ton in 2024; ETS levies will add USD 170-210 per ton for voyages touching European waters from 2025. Bunker Adjustment Factors jumped to USD 623 per FEU on Asia-USWC contracts, consuming 37% of all-in rates. Forwarders must hedge or pass through surcharges, a delicate balancing act in competitive bid cycles.

Other drivers and restraints analyzed in the detailed report include:

1. Widespread carrier digital booking platforms and API connectivity
2. Growing near-shoring of battery-grade raw materials
3. Ocean-carrier vertical integration squeezing independent forwarder margins

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Full-Container-Load shipments secured 60.35% of the sea freight forwarding market in 2025, upholding their status as the workhorse for manufacturers that frontloaded inventory during pandemic bottlenecks. The sea freight forwarding market size for FCL is forecast to climb alongside port-capacity projects and alliance network revamps. Conversely, Less-than-Container-Load, though smaller, benefits from a 4.63% CAGR as e-commerce sellers lean on LCL consolidations to maintain SKU availability. The sea freight forwarding market share of LCL will inch higher as API-linked booking platforms simplify cargo co-loading and customs pre-clearance steps.

Digital quoting tools now surface optimal FCL vs. LCL decisions in seconds, nudging mid-volume shippers toward the most cost-efficient mode per sailing. Consolidators that guarantee 48-hour container stuffing windows and electronic House Bills are attracting B2C platforms that ship direct to consumer. As volatility lingers in spot indexes, FCL contract mechanisms featuring bunker float clauses and carbon-intensity adjustments will shape rate ceilings for 2025 tenders, reinforcing the pricing sophistication gap between scale players and smaller brokers.

The Sea Freight Forwarding Market Report is Segmented by Service Type (Full-Container-Load, Less-Than-Container-Load), Cargo Type (Dry, Reefer), End-User Industry (Electronics & Semiconductors, Chemicals & Petrochemicals, Food & Beverage, Pharmaceuticals & Healthcare, and More), and Geography (North America, South America, Asia-Pacific, Europe, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Geography Analysis

Asia-Pacific generated 40.55% of 2025 revenue and posts a regional 5.02% CAGR to 2031, buoyed by Chinese exports, Southeast-Asian near-sourcing, and intense intra-Asian trade. Shanghai’s record 50 million TEU milestone and South-China’s Nansha expansion give forwarders abundant sailings to fill.

North America saw combined import volumes at its top ports jump 13% to 28.2 million TEU in 2024, aided by restocking in consumer durables AJOT. The sea freight forwarding market size tied to U.S.‐Mexico near-shoring corridors is swelling, especially for automotive, electronics, and battery supply chains.

Europe wrestles with Suez detours that add 10-14 days to Asia rotations; traffic is still 57% below peak despite toll breaks. Carbon-footprint auditing, mandated by the EU-ETS and FuelEU Maritime rules, emerges as a service differentiator.

Middle East & Africa benefits from giga-projects across the Gulf and Horn of Africa corridor upgrades. Breakbulk and project forwarders anticipate wind-turbine and refinery modules to dominate outbound charters.

South America leverages its neutrality to court diversification trade; Panama Canal set a 1,200-transit record in the January-May 2025 window, cementing its gateway role.

List of Companies Covered in this Report:

1. Kuehne + Nagel
2. DHL Global Forwarding
3. Sinotrans
4. DSV A/S
5. Expeditors International
6. C.H. Robinson Worldwide
7. CEVA Logistics
8. Kerry Logistics
9. Nippon Express
10. Hellmann Worldwide Logistics
11. Geodis
12. Yusen Logistics
13. Rhenus Logistics
14. UPS Supply Chain Solutions
15. Savino Del Bene
16. Kintetsu World Express
17. LX Pantos
18. Ningbo Port Southeast Logistics Group
19. Worldwide Logistics Group
20. CTS International Logistics

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support