Dangerous/Hazardous Goods logistics market industry is projected to grow from USD 212.87 billion in 2022 to USD 351.09 billion by 2030, exhibiting a (CAGR) of 6.45% | MRFR
Research Reports
Sep 28, 2023
Insights from Future Market Research
Dangerous goods are those substances that when transported can be a risk to property, safety, health, and environment. The dangerous materials which can be a risk even when they are not transported are called hazardous materials. To handle and transport these hazardous materials, it is mandatory to have specially trained people. The hazardous materials include corrosive, toxic, bio-hazardous, flammable, radioactive, explosive, oxidizing, or pathogenic materials.
During the COVID-19 pandemic, the rising demand to carry medicine, oxygen, virus samples, nuclear medicine, and clinical wastes had boosted the market of dangerous goods. The risk factor and high transportation cost are the challenges for this market across the globe.
The market experts anticipate that the global Dangerous and Hazardous Goods Logistics Market revenue will increase significantly as the global market of the oil and gas sector is growing. The market of hazardous goods logistics is estimated to have a steady growth within 2022-2030 with a CAGR of 6.45%.
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Regional Analysis:
Europe will remain forerunner at the dangerous/hazardous goods logistics market over the forecast period for the prime mode of transport being road freight transport. Concerning road transport, the transport of dangerous goods in the European Union continued to increase year by year in the last five years. In fact, in more than half of the European countries, more than two-thirds of the transport of dangerous goods had been performed within the national territory. With regards to commodity group, flammable liquids took over more than half of the total, followed by corrosives and gases.
Market Segmentation:
The global Dangerous and hazardous goods logistics market is divided based on region, product, application, destination, and service.
The market is sub-divided into domestic and international markets. The domestic market holds a significant share of the Dangerous and hazardous goods logistics market across the globe as the use of road transport is consistently on the rise.
Based on the service, the market of hazardous goods logistics is sub-divided into warehouse and distribution, transportation, and value-added services. The market experts anticipate that the transportation service sector is going to have the maximum dangerous and hazardous goods logistics market share in the coming years.
Based on the application, the market of dangerous goods logistics is sub-divided into healthcare, industry, agriculture, and others. The industrial sector is estimated to have steady growth in the next 2-3 years.
Based on the product, the Dangerous and hazardous goods logistics market is divided into chemical, explosive, radioactive, inflammable, and others. The inflammable material is expected to have steady growth. The radioactive and chemical material sectors are also going to have significant growth.
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Key Players:
Important players include GEODIS, Rhenus Logistics, Agility Logistics, Kuehne + Nagel, XPO Logistics, Hellmann Worldwide Logistics, DD Transport, DSV, DB ‘Schenker, Bollore Logistics, YRC Worldwide Inc., and Toll Group.
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