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Green Logistics Market Trends

Report ID: GMI10369 Published Date: July 2024Report Format: PDF
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Green Logistics Market Trends

Green logistics has increasingly become a crucial focus for businesses striving to enhance sustainability and reduce their environmental impact. Driven by regulatory pressures, consumer demand for eco-friendly practices, and advancements in technology, organizations are adopting green logistics strategies to achieve more efficient and environmentally conscious operations. A key trend in this sector is the integration of advanced technologies to minimize the carbon footprint of logistics activities.

For instance, June 1, 2023 — DHL is advancing green logistics by unveiling its inaugural fleet of trucks powered by biofuel. This season, 18 new trucks running on HVO100 (hydrotreated vegetable oil) will support Formula 1®’s mission to achieve Net Zero by 2030. These biofuel-powered trucks will serve all European Formula 1 races in 2023, offering a minimum 60% reduction in carbon emissions compared to conventional fuels, with potential for even greater savings.

Sustainable packaging is another growing trend within the green logistics market, driven by the need to reduce waste and promote circular economy practices. Companies are increasingly adopting recyclable, biodegradable, and reusable packaging materials to minimize their environmental footprint.

For instance, on 24 Jun 2024 Amazon announced a significant shift in its delivery packaging strategy, replacing 95% of plastic air pillows with paper fillers in North America. This initiative is part of Amazon’s broader goal to eliminate plastic packaging from its fulfillment centers by the end of the year. The move is set to be the largest plastic packaging reduction effort in North America, potentially preventing nearly 15 billion plastic air pillows from being used annually. For this year’s Prime Day, Amazon reveals that "nearly all" customer deliveries will feature paper fillers instead of plastic air pillows.

Author: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :

What is the size of the Europe green logistics market?+

Europe market accounted for 34% share in 2023, attributed to ambitious environmental targets and robust regulatory frameworks in the region.

Who are the key leaders in the green logistics industry?+

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.

Why is the demand for road green logistics growing?+

Green logistics industry from the road segment held over 42% share in 2023, due to its critical role in last-mile delivery and flexibility.

How big is the green logistics market?+

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.

Green Logistics Market Scope

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