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Hazardous Goods Logistics Market Trends

Report ID: GMI10641 Published Date: August 2024Report Format: PDF
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Hazardous Goods Logistics Market Trends

The demand for specialized transport solutions for hazardous materials, including chemicals, explosives, and radioactive substances, has grown significantly in recent years.  This surge is driven by the diverse nature of these materials and the necessity for tailored handling and transport methods. Additionally, each type of hazardous material requires specific containment, labeling, and transportation conditions to ensure safety. As industries such as pharmaceuticals, chemicals, and energy continue to expand, the need for customized logistics solutions that comply with stringent safety and regulatory standards further intensifies among its end-users.

Companies are investing in specialized vehicles, containers, and infrastructure to meet these requirements and ensure safe and compliant transport. This trend addresses the complexities associated with hazardous materials and enhances overall logistics efficiency. In February 2024, SSI Schaefer unveiled the RL-KLT GGV, an advanced container designed to comply with safety requirements for transporting solid hazardous substances. This trend highlights the increased emphasis on specialized solutions that enhance the secure handling and transportation of hazardous materials, thereby ensuring safer and more efficient logistics operations.

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

How big is the hazardous goods logistics market?+

Hazardous goods logistics industry from the sea freight segment reached USD 155 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to offering the most cost-effective solution for transporting large volumes of hazardous materials over long distances.

What is the size of the North America hazardous goods logistics market?+

North America industry held 34% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to stringent regulatory measures enforced by key agencies such as the U.S. Department of Transportation (DOT) in the region.

Who are the key leaders in the hazardous goods logistics industry?+

CMA CGM Group, DB SCHENKER, DHL Group, DSV, Kuehne+Nagel, SEKO Logistics, United Parcel Service of America, Inc., and Kerry Logistics, are some of the major hazardous goods logistics companies worldwide.

What is the size of the North America hazardous goods logistics market?+

North America industry held 34% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to stringent regulatory measures enforced by key agencies such as the U.S. Department of Transportation (DOT) in the region.

Hazardous Goods Logistics Market Scope

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