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Sustainable Agri-Transit Market Share

Report ID: GMI11840
Published Date: Oct 2024
Report Format: PDF

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Sustainable Agri-Transit Market Share

Global Sustainable Agri-Transit Company Market Share, 2023

Cargill, Louis Dreyfus Company, and Archer Daniels Midland (ADM) collectively held a substantial market share of over 10% in the sustainable agri-transit market in 2023. Cargill is investing heavily in sustainable practices across its supply chain, focusing on reducing carbon emissions and enhancing energy efficiency in logistics. The company aims to achieve net-zero emissions by 2050 through renewable energy and low-carbon transport technologies. Utilizing IoT and AI, Cargill optimizes shipping routes, reduces fuel consumption, and tracks emissions in real-time. Additionally, they are exploring blockchain solutions for transparency and traceability in sustainable agri-transit.

Louis Dreyfus emphasizes sustainable transportation by integrating road, rail, and sea to minimize environmental impact. They are decarbonizing shipping with fuel-efficient vessels and alternative fuels. LDC aims to reduce food loss and waste across the agricultural supply chain by implementing cold chain logistics and other waste reduction measures, ensuring higher quality during transit and supporting sustainability goals. Additionally, ADM is committed to sustainable supply chains, implementing transportation solutions such as using rail over road and modernizing fleets for better fuel efficiency. They emphasize a circular economy model by reusing waste and by-products.

Sustainable Agri-Transit Market Companies

Major players operating in the sustainable agri-transit industry are:

Maersk
Archer Daniels Midland (ADM)
Bunge
Cargill
CHS
COSCO Shipping
DB Schenker
Lineage Logistics
Louis Dreyfus Company (LDC)
Olam International

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global market for sustainable agri-transit was reached USD 12.1 billion in 2023 and is projected to grow at a CAGR of 10.2% from 2024 to 2032, driven by stringent environmental regulations.

The road segment accounted for over 50% of the market share in 2023 and is expected to exceed USD 13 billion by 2032, propelled by the adoption of electric tractors and trucks.

The perishable goods segment is expected to exceed USD 15 billion by 2032, supported by the increasing adoption of Modified Atmosphere Transportation (MAT) technology.

The U.S. accounted for over 80% share of the agri-transit market in 2023, led by the rapid adoption of electric farm equipment and supported by federal and state-level incentives.

Major players in the sustainable agri-transit market include Maersk, Archer Daniels Midland (ADM), Bunge, Cargill, CHS, COSCO Shipping, DB Schenker, Lineage Logistics, Louis Dreyfus Company (LDC), Olam International.