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Bulk Liquid Logistics Market Trends

Report ID: GMI10668
Published Date: Aug 2024
Report Format: PDF

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Bulk Liquid Logistics Market Trends

The adoption of smart technologies for real-time monitoring, an increased focus on sustainability, and the impact of global economic shifts are driving the market growth of bulk liquid logistics. Technological advancements are enhancing operational efficiency and safety, with innovations such as IoT-enabled packaging and smart sensors now commonly used to monitor parameters such as temperature and pressure, ensuring better quality control during transportation.

Environmental sustainability is a critical focus, with companies adapting to new regulations such as the European Union's Emissions Trading System (ETS). This regulation, including CO2 emissions from ships, is pushing logistics providers to adopt greener practices. For instance, carriers are using slow steaming and exploring alternative fuels such as green methanol to meet emissions standards?. For instance, in December 2023, the United Nations Industrial Development Organization (UNIDO) and logistics company DHL Group signed a Memorandum of Understanding during the 28th UN Climate Change Conference in the United Arab Emirates. The event featured the partnership signing ceremony and the launch of the "Innovation for Food Systems Transformation" global innovation challenge by UNIDO and DHL Group. The Innovation Challenge seeks out pioneering technology providers who have designed sustainable solutions for agribusiness supply chains and logistics. These solutions are intended to address hurdles within the 'first-mile' supply chain.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The global market size for bulk liquid logistics was valued at USD 52.7 billion in 2023 and is expected to grow at over 5.5% CAGR during 2024-2032, driven by rise in e-commerce and advancements in infrastructure.

The chemicals segment of the bulk liquid logistics market accounted for 42% share in 2023 and will grow rapidly through 2032, driven by the necessity for precise logistical coordination in chemical production and distribution.

Asia Pacific market held 30% share in 2023 and is expected to expand significantly through 2032, due to its vast manufacturing base and extensive infrastructure.

DHL Global Forwarding, Hoyer Group, Stolt-Nielsen Limited, Mauser Packaging Solutions, Bulkhaul Limited, Den Hartogh Logistics, and Suttons Group among others.