Hazardous Goods Logistics Market Growth, Size, Share, Revenue, Challenges and Future Trends 2032
Global Hazardous Goods Logistics Market Size- By Business Type, By Operation, By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: AMIN2359 | Pages: 1 - 234 | Formats*: |
| Category : Automotive & Transportation | |||
Hazardous Goods Logistics Market Introduction and Overview
According to SPER Market Research, the Global Hazardous Goods Logistics Market is estimated to reach USD 431.92 billion by 2032 with a CAGR of 7.25%.
The report includes an in-depth analysis of the Global Hazardous Goods Logistics Market, including market size and trends, product mix, end users, and supplier analysis. A hazardous good, sometimes known as a dangerous good, is any object or material that threatens one's health, property, or the environment. Hazardous products, which include regularly used commodities and commodities such as cell phones, chemicals, bio-hazardous materials, and gasoline, make for a large portion of international freight. Those who transport and store hazardous commodities such as explosives, radioactive items, combustible liquids, and biohazardous products must undergo special training. When chemically regulated materials are carried as hazardous commodities, they harm people, property, and the environment. Electronics and petroleum, for example, are among the most routinely shipped items worldwide. As a result, proper precautions, treatment, and packaging are required when shipping hazardous products.
- Rising Demand for Chemicals and drugs: As the world's population grows and disposable incomes rise, there is a greater demand for chemicals and drugs. As a result of this, the transportation and logistics of these hazardous items have expanded dramatically.
- Development of Industrial and Production Activities: Chemical production, oil and gas, and medicines are among the industries that are expanding globally. The demand for effective and dependable hazardous goods logistics services grows as these sectors deal with hazardous chemicals at various stages of their supply chains.
Market Opportunities and Challenges
The worldwide hazardous goods logistics market offers multiple business opportunities due to a variety of factors. First of all, increased globalization of trade has resulted in an increase in the transit of hazardous commodities across borders. This increase is being pushed by the expansion of sectors like as chemicals, medicines, and petroleum, all of which rely extensively on the transportation of hazardous products. As a result, there is an increasing demand for efficient and secure logistics solutions to manage these items, creating possibilities for hazardous goods logistics providers.
The Hazardous goods logistics market faces some challenges. One significant problem is complying with all of the rules and regulations established by the authorities. Understanding and complying with these regulations can be hard and time-consuming, and failure to do so can result in penalties. Safety is also a big concern because hazardous materials can be dangerous if handled incorrectly. Accidents can occur owing to human error or equipment failure. Another issue is a lack of suitable infrastructure, such as storage facilities or specialized equipment, which can make moving hazardous products problematic. Because of the hazards involved, insurance for these items is very expensive.
Market Competitive Landscape
The presence of major, multinational logistics companies that provide end-to-end supply chain solutions, including hazardous goods logistics, is one aspect of the competitive landscape. These organizations have broad networks, global reach, and a diverse range of services, allowing them to meet the needs of customers in a variety of industries. They frequently have specific teams with expertise in handling hazardous products and must adhere to strict rules. DHL, UPS, Kuehne + Nagel, and DB Schenker are examples of such companies.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Business Type, By Operation, By Product, By Application |
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Agility Logistics, Bollore Logistics, Ceva Logistics, DB Schenker, DGD Transport, DHL, DSV, GEODIS, Hellmann Worldwide Logistics, Kuehne + Nagel, Rhenus Logistics, Toll Group, United Parcel Service, XPO Logistics, Ych Group, YRC Worldwide Inc, Yusen Logistics |
COVID-19 Impact on Global Hazardous Goods Logistics Market
The global hazardous goods logistics market has been significantly impacted by the COVID-19 epidemic. Supply chains were affected as a result of lockdowns and travel restrictions, resulting in delays and increased prices. Compliance with evolving legislation and safety procedures caused operating obstacles. The epidemic, on the other hand, generated possibilities as demand for medical supplies and drugs increased. These sectors' logistics providers saw increased demand and played an important role in guaranteeing the timely delivery of necessary commodities. The epidemic hastened the use of digitization and technology, allowing for improved supply chain visibility and operational efficiency. Overall, the hazardous products logistics market saw hurdles in maintaining supply chains, but it also saw possibilities in specific industries, highlighting the necessity of safety, adaptability, and technology improvements.
Key Target Audience:
- Chemical manufacturing
- Oil and gas Manufacturing
- Mining Industry
Our in-depth analysis of the Hazardous Goods Logistics Market includes the following segments:
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Key Topics Covered in the Report:
- Global Hazardous Goods Logistics Market Size (FY’2022-FY’2032)
- Overview of Global Hazardous Goods Logistics Market
- Segmentation of Global Hazardous Goods Logistics Market By Business Type (Transportation, Warehousing, Value Added Services)
- Segmentation of Global Hazardous Goods Logistics Market By Operation (Seaways, Roadways, Railways, Airways, Storage and Services)
- Segmentation of Global Hazardous Goods Logistics Market By Product (Flammable, Explosive, Radioactive, Bio-Hazardous, Others)
- Segmentation of Global Hazardous Goods Logistics Market By Application (Industrial, Healthcare, Agriculture, Others)
- Statistical Snap of Global Hazardous Goods Logistics Market
- Expansion Analysis of Global Hazardous Goods Logistics Market
- Problems and Obstacles in Global Hazardous Goods Logistics Market
- Competitive Landscape in the Global Hazardous Goods Logistics Market
- Effects of COVID-19 and demonetization on Global Hazardous Goods Logistics Market
- Details on Current Investment in Global Hazardous Goods Logistics Market
- Competitive Landscape of Global Hazardous Goods Logistics Market
- Prominent Players in the Global Hazardous Goods Logistics Market
- SWOT Analysis of Global Hazardous Goods Logistics Market
- Global Hazardous Goods Logistics Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Hazardous Goods Logistics Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Hazardous Goods Logistics Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Hazardous Goods Logistics Market
7. Global Hazardous Goods Logistics Market, By Business Type, 2019-2032 (USD Million)
7.1 Transportation7.2 Warehousing7.3 Value Added Services
8. Global Hazardous Goods Logistics Market, By Operation, 2019-2032 (USD Million)
8.1 Seaways8.2 Roadways8.3 Railways8.4 Airways8.5 Storage and Services
9. Global Hazardous Goods Logistics Market, By Product, 2019-2032 (USD Million)
9.1 Flammable9.2 Explosive9.3 Radioactive9.4 Bio-hazardous9.5 Others
10. Global Hazardous Goods Logistics Market, By Application, 2019-2032 (USD Million)
10.1 Industrial10.2 Healthcare10.3 Agriculture10.4 Others
11.Global Hazardous Goods Logistics Market, By Region, 2019-2032 (USD Million)
11.1 Global Hazardous Goods Logistics Market and Market Share by Region (2019-2025)11.2 Global Hazardous Goods Logistics Market and Market Share by Region (2026-2032)11.3 Asia-Pacific11.3.1 Australia11.3.2 China11.3.3 India11.3.4 Japan11.3.5 South Korea11.3.6 Rest of Asia-Pacific11.4 Europe11.4.1 France11.4.2 Germany11.4.3 Italy11.4.4 Spain11.4.5 United Kingdom11.4.6 Rest of Europe11.5 Middle East and Africa11.5.1 Kingdom of Saudi Arabia11.5.2 United Arab Emirates11.5.3 Rest of Middle East & Africa11.6 North America11.6.1 Canada11.6.2 Mexico11.6.3 United States11.7 Latin America11.7.1 Argentina11.7.2 Brazil11.7.3 Rest of Latin America
12.Company Profiles
12.1 Agility Logistics12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments12.2 Bollore Logistics12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments12.3 Ceva Logistics12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments12.4 DB Schenker12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments12.5 DGD Transport12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments12.6 DHL12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments12.7 DSV12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments12.8 Geodis12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments12.9 Hellman Worldwide Logistics12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments12.10 Kuehne+Nagel12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent development12.11 Rhenus Logistics12.11.1 Company details12.11.2 Financial outlook12.11.3 Product summary12.11.4 Recent developments12.12 Toll group12.12.1 Company details12.12.2 Financial outlook12.12.3 Product summary12.12.4 Recent developments12.13 United Parcel Service12.13.1 Company details12.13.2 Financial outlook12.13.3 Product summary12.13.4 Recent developments12.14 XPO Logistics12.14.1 Company details12.14.2 Financial outlook12.14.3 Product summary12.14.4 Recent developments12.15 Ych Group12.15.1 Company details12.15.2 Financial outlook12.15.3 Product summary12.15.4 Recent developments12.16 YRC Worldwide Inc12.16.1 Company details12.16.2 Financial outlook12.16.3 Product summary12.16.4 Recent developments12.17 Yusen Logistics12.17.1 Company details12.17.2 Financial outlook12.17.3 Product summary12.17.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Hazardous Goods Logistics Market is projected to reach USD 431.92 billion by 2032, growing at a CAGR of 7.25% during the forecast period.
Hazardous Goods Logistics Market grew in market size from 2021. The Market is expected to reach USD 431.92 billion by 2032, at a CAGR of 7.25% during the forecast period.
Hazardous Goods Logistics Market CAGR of 7.25% during the forecast period.
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Hazardous Goods Logistics Market size is USD 431.92 billion from 2022 to 2032.
Hazardous Goods Logistics Market Segment is Covered By Business Type, By Operation, By Product, By Application
The North America region is anticipated to have the highest market share in Hazardous Goods Logistics Market.
The key players in the market include Companies Covered Agility Logistics, Bollore Logistics, Ceva Logistics, DB Schenker, DGD Transport, DHL, DSV, GEODIS, Hellmann Worldwide Logistics, Kuehne + Nagel, Rhenus Logistics, Toll Group, United Parcel Service, XPO Logistics, Ych Group, YRC Worldwide Inc, Yusen Logistics
The execution of these rules is likely to support the growth of the hazardous products logistics industry.
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