Hazardous Goods Logistics Market Size- By Business Type, By Operation, By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Hazardous Goods Logistics Market Overview
According to SPER Market Research, the Global Hazardous Goods Logistics Market is estimated to reach USD 431.92 billion by 2032 with a CAGR of 7.25%. A Hazardous good or dangerous good is any item or material that poses a risk to health, property, or the environment. Hazardous items account for a sizable fraction of international freight and include commonly used commodities and commodities such as cell phones, chemicals, bio-hazardous materials, and fuel. Special training is necessary for those who carry and store hazardous commodities such as explosives, radioactive materials, combustible liquids, and biohazardous materials. When chemically controlled products are transported in the form of hazardous commodities, they endanger persons, property, and the atmosphere.
Impact of COVID-19 on the Hazardous Goods Logistics MarketThe COVID-19 pandemic's shutdown caused hurdles for transportation chemicals and other risky items, stifling the expansion of the hazardous goods logistics business. The demand from the pharmaceutical industry, on the other hand, had a beneficial influence on the market during COVID-19. For the safer transit of harmful commodities in shipping, worldwide and local organizations, institutions, and aviation and transporting authorities have published strict recommendations for safer dangerous program management.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered
By Business Type, By Operation, By Product, By Application
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Agility Logistics, Bollore Logistics, Ceva Logistics, DGD Transport, DHL, Hellmann Worldwide Logistics, United Parcel Service, XPO Logistics, Ych Group, YRC Worldwide Inc, Yusen Logistics
Global Hazardous Goods Logistics Market Segmentation:By Business Type: Based on the Business Type, Global Hazardous Goods Logistics Market is segmented as; Transportation, Warehousing, Value Added Services
By Product: Based on the Product, Global Hazardous Goods Logistics Market is segmented as; Flammable, Explosive, Radioactive, Bio-Hazardous, Others
By Application: Based on the Application Global Hazardous Goods Logistics Market is segmented as; Industrial, Healthcare, Agriculture, Others