According to a recent report by Allied Market Research, the global shipping containers market is expected to reach $12.08 billion by 2027, growing at a CAGR of 4.3% from 2020 to 2027. The Asia-Pacific region dominates the market in terms of growth, followed by Europe, LAMEA, and North America. The increase in demand for cargo transportation through ships and the rise in trade-related agreements are factors that supplement the growth of the shipping containers market. This growth is expected to have a positive effect on the portable storage industry as it would increase the supply of used shipping containers, which can be repurposed into portable storage units. Learn more here.