Global Dangerous Goods Logistics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Dangerous Goods Logistics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Dangerous goods, abbreviated as DG, are substances that when transported are a risk to health, property, safety, or the environment. Certain dangerous goods that pose risks even when not being transported are known as hazardous materials. Hazardous materials are often subject to chemical regulations. Hazardous material teams are personnel specially trained to handle dangerous goods, which include materials that are explosive, radioactive, flammable, oxidizing, corrosive, biohazardous, pathogenic, asphyxiating, toxic, or allergenic. Dangerous goods make up a significant portion of the global freight because they include many widely used commodities and products. The transport of dangerous goods requires special precautions, handling, and packaging. There are specialized safety regulations, standards, and reporting systems in place for pipelines, rail, highway, air, and marine vehicles that transport dangerous goods. These special requirements recognize the incidents involving in the transportation of dangerous goods, which can affect the environment, in addition to the potential risks of injuries and deaths.

Market Overview:

The latest research study on the global Dangerous Goods Logistics market finds that the global Dangerous Goods Logistics market reached a value of USD 459164.45 million in 2022. It’s expected that the market will achieve USD 647288.59 million by 2028, exhibiting a CAGR of 5.89% during the forecast period.

Rise in need to handle and distribute dangerous goods

Several dangerous goods logistics companies include transport of dangerous goods that are used in several industries such as oil & gas, pharmaceuticals, and process industries. Manufacturers and third party logistics companies are adopting federal and state safety regulations during transport of dangerous goods to minimize the risk involved. For instance, 3PL providers offer chemical shipments that include services such as non-asset logistics management, which allows shippers to choose carriers and manage their goods in enhanced manner. Thus, rise in need for handling and distribution of dangerous goods drives growth of the dangerous goods market.

Complexities in chemical logistics

Chemical logistical companies include transport of goods through railways, roads, airways, and seaways. Thus, there are several complexities involved during transportation of goods such as oversaturated rail network, uncertain transit time, improper flexibility in transport of chemicals with different specifications, road quality, and pilferage, which hamper the chemical logistics market growth. For instance, freight transport by railway can take up to 8 days for a journey that includes approximately 2000 km. Thus, owing to uncertainty in transit time, many logistical companies end up carrying excess stock with improper safety to avoid losing sales, owing to improper stock availability during production, which, in turn, hampers the market growth.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (38.34% in 2022).

Company Overview:

DHL is one of the major players operating in the Dangerous Goods Logistics market, holding a share of 5.25% in 2022.

DHL

DHL is an international Umbrella brand and trademark for courier, package delivery and express mail service, which is a division of the German logistics firm Deutsche Post. DHL Express, a transportation company founded in the United States, is currently wholly owned by Deutsche Post Group and is currently one of the largest transportation companies in the world.

United Parcel Service

United Parcel Service (UPS, stylized as ups) is an American multinational shipping & receiving and supply chain management company founded in 1907. UPS has recently expanded into logistics and other transportation-related areas, such as warehousing for Nike and maintenance support for Toshiba.

Segmentation Overview:

Among different product types, Chemical Logistics segment is anticipated to contribute the largest market share in 2027.

Radioactive Material Logistics

Radioactive material can be transported by truck, train, plane or ship. There are special regulations that help keep drivers, the public, and the environment safe. The packaging used to transport radioactive material is tested to make sure it will keep people safe if there is an accident.

Chemical Logistics

Chemical logistics can be defined as the movement of chemicals along a supply chain with the help of services such as transportation and warehousing provided by chemical logistics companies. Chemicals, either in liquid or solid state, act as essential basis for pharmaceutical products, food products, and other everyday products. Transportation of these chemicals requires special care in transportation, handling, and storage to prevent any safety hazards such as contamination and spoilage.

Inflammable and Explosive Logistics

Inflammable and explosive dangerous goods are strong corrosive materials collectively, the transport of dangerous goods there is a huge risk, little attention may result in material damage or personal injury or death. Commonly transported Inflammable and Explosive Dangerous Goods include ammunition, fireworks, airbag inflators, and fuse, etc.

Application Overview:

In the Dangerous Goods Logistics market, 73.14% of the total value was generated through the Industrial segment by application in 2022.

Key Companies in the global Dangerous Goods Logistics market covered in Chapter 3:

C.H. Robinson
Bollore Logistics
TFI International
XPO Logistics
DB Schenker
DSV
Zhengben Logistics
Purolator
United Parcel Service
Broekman Logistics
Kuehne + Nagel
NRS Corporation
Ceva Logistics
Chikko Corporation
Sinotrans
DHL
Milkyway
FedEx Express

In Chapter 4 and Chapter 14.2, on the basis of types, the Dangerous Goods Logistics market from 2018 to 2029 is primarily split into:

Radioactive Material Logistics
Chemical Logistics
Inflammable and Explosive Logistics
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dangerous Goods Logistics market from 2018 to 2029 covers:

Healthcare
Industrial
Agriculture
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)