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Sustainable Agri-Transit Market Size

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

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Sustainable Agri-Transit Market Size

The global sustainable agri-transit market was valued at USD 12.1 billion in 2023 and is projected to grow at a CAGR of 10.2% between 2024 and 2032. Global agricultural businesses are adopting sustainable transit solutions due to stringent environmental regulations. Countries are implementing carbon pricing mechanisms and emissions trading systems, directly affecting transportation costs in agriculture.

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Consumers are increasingly aware of the environmental impact of their food choices, including transportation and logistics. This awareness has created market demand for sustainable food supply chains. Consumers are willing to pay premiums for products demonstrating environmentally responsible transit practices, such as locally sourced produce or goods transported using renewable energy. Major retailers and food brands are prioritizing suppliers committed to sustainable transportation, driving investment in sustainable transit solutions throughout the agricultural supply chain.

Sustainable Agri-Transit Market Report Attributes
Report Attribute	Details
Base Year:	2023
Sustainable Agri-Transit Market Size in 2023:	USD 12.1 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	10.2%
2032 Value Projection:	USD 27.8 Billion
Historical Data for:	2021 - 2023
No. of Pages:	210
Tables, Charts & Figures:	180
Segments covered:	Transportation Mode, Product, Technology, End User
Growth Drivers:	Rising environmental regulations and carbon pricing Increasing consumer demand for sustainable food supply chains Supply chain resilience and local sourcing trends The rise of agricultural cooperatives and resource-sharing platforms
Pitfalls & Challenges:	Cold chain infrastructure gaps Data integration and traceability challenges

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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.