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DHL (Deutsche Post DHL Group), UPS (United Parcel Service), and FedEx Corporation hold substantial shares in the green logistics industry, each leveraging their extensive global networks to drive sustainable practices. DHL is recognized for its ambitious environmental goals and significant investments in green technologies, such as electric vehicles and sustainable packaging solutions. Its comprehensive approach to reducing carbon emissions and enhancing supply chain efficiency solidifies its leadership in the green logistics sector.
UPS has established a strong position through its extensive fleet optimization and commitment to renewable energy. The company's initiatives include investing in alternative fuel vehicles and developing energy-efficient facilities. UPS’s emphasis on integrating sustainability into its operations and its focus on reducing the carbon footprint of its logistics network contribute to its prominent role in the market.
FedEx Corporation also plays a pivotal role by advancing green logistics solutions and incorporating innovative technologies. FedEx’s efforts include the deployment of electric delivery vehicles, the use of sustainable fuels, and significant investments in energy-efficient infrastructure. The company's proactive stance on reducing emissions and improving operational efficiency enhances its competitive edge in the market.
Major players operating in the green logistics industry are:
Europe market accounted for 34% share in 2023, attributed to ambitious environmental targets and robust regulatory frameworks in the region.
DHL (Deutsche Post DHL Group), UPS (United Parcel Service), FedEx Corporation, Maersk (A.P. Moller-Maersk), DB Schenker, Kuehne + Nagel, and XPO Logistics, are some of the major green logistics companies worldwide.
Green logistics industry from the road segment held over 42% share in 2023, due to its critical role in last-mile delivery and flexibility.
The market size of green logistics reached USD 1.16 trillion in 2023 and is set to witness over 9.5% CAGR from 2024-2032, owing to the increasing environmental regulations, compelling companies to adopt green logistics practices worldwide.