Hazardous Goods Logistics Market will reach at $54.33 billion by 2032, Size & Analysis By 2022 -2029 -DGD Transport, Toll Group, DSV, Bollore Logistics, Ceva Logistics, DHL, United Parcel Service, Hellmann Worldwide Logistics, DB Schenker, YRC Worldwide,

The Hazardous Goods Logistics Market is anticipated to register a CAGR greater than 6% during the forecast period. COVID-19 has a significant favorable impact on the global commerce of medical and pharmaceutical products such as sanitizers, vaccines, and other such items. Weak global demand, supply chain disruptions, reduced consumer spending, and reduced tourism are all leading to significant losses in both trade and GDP. The chemicals and petrochemicals industries were influenced by the record low oil prices in 2020. Lockdowns have resulted in lower demand for fuels, which has resulted in lower production of several chemicals that are often exclusively produced through coproduction processes. In 2020, overall organic chemical commerce was 10% lower than in 2019.

Propylene is the world's second-largest chemical by volume. Northeast Asia dominates the global propylene commerce. In 2019, the region exported 52 percent of global goods and imported 61 percent of global goods. About 87 percent of regional propylene imports have come from China. China was the world's largest importer of crude oil (USD 204 billion) in 2019.

In addition, the Global Hazardous Goods Logistics market study also covers several factors such as market status, key market trends, growth forecast, and growth opportunities. Furthermore, we analyze the challenges faced by the Global Hazardous Goods Logistics market in terms of global and regional basis.

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Key Players Mentioned in the Global Hazardous Goods Logistics Market Research Report: DGD Transport, Toll Group, DSV, Bollore Logistics, Ceva Logistics, DHL, United Parcel Service, Hellmann Worldwide Logistics, DB Schenker, YRC Worldwide, XPO Logistics, GEODIS, Kuehne + Nagel, Rhenus Logistics, Agility Logistics

Global Hazardous Goods Logistics Market Segmentation:

Hazardous Goods Logistics Market Types:

Transportation, Warehousing and Distribution, Value-added Services.

Hazardous Goods Logistics Market Applications:

Domestic, International

roduction and International Trade of Chemicals from Europe Boosting Hazardous Logistics Market
Road freight transport is the prime mode of transport in Europe. Concerning road transport, the transport of dangerous goods in the European Union (EU-28) continued to increase between 2009 and 2019, and the overall value of solid chemical manufacturing climbed by EUR 221 billion. The average annual growth rate from 2009 to 2019 was 4.2 percent, resulting in a peak of EUR 644.4 billion in 2020, up slightly from EUR 641.9 billion in 2019. Chemical imports into the European Union have increased from EUR 154 billion in 2010 to EUR 233 billion in 2020. During the period 2015-2020, the European Union's chemical trade surplus grew from EUR 126.6 billion in 2015 to EUR 178 billion in 2020. When it comes to key international players in the chemicals trade, the European Union topped the list in 2020 with a total trade of EUR 644.4 billion, made up of EUR 411.4 billion in exports and EUR 233 billion in imports, resulting in the greatest trade surplus (EUR 178.4 billion).

The objective of the studies:

- To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global Hazardous Goods Logistics Market.

-Provide information on factors affecting the growth of the market. To analyze the Hazardous Goods Logistics Market based on various factors- price analysis, supply chain analysis, Gate Five force analysis, etc.

-Provide historical and forecast revenue of market segments and sub-segments for four major geographies and their countries - North America, Europe, Asia, Latin America and Rest of the World.

-Provide country level market analysis relative to current market size and future prospects.

- To provide country level market analysis for the segment by application, product type and sub-segments.

-Provide a strategic profile of the major market players, by deeply analyzing their core competencies and drawing a competitive landscape for the market.

- Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Hazardous Goods Logistics Market.

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Competitive Landscape
The Hazardous Goods Logistics Market is fragmented in nature with a mix of global and local players. Some of the strong players include DHL, DSV, Ceva Logistics, Bollore Logistics, and DGD Transport. Contracts, collaborations, joint ventures, and partnerships are among many other strategies that have been implemented by these players to stay ahead of the competition and meet the expanding needs of their clients. Furthermore, they are engaging in research and development operations to strengthen their portfolios and gain market share. The capabilities of local players in terms of technology, items handled, service offered, and inventory management are all improving. With the tightening of hazardous goods logistics regulations, an increasing number of freight forwarding businesses have emerged that can provide competent hazardous goods logistics full chain services independently.

Table of Contents:

1 Study Coverage

2 Market by Type

3 Market by Application

4 Global Hazardous Goods Logistics Competitor Landscape by Company

5 Global Hazardous Goods Logistics Market Size by Region

6 Segment in Region Level & Country Level

7 Company Profiles

8 Industry Chain and Sales Channels Analysis

9 Research Findings and Conclusion

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Market Dynamics

Drivers

Significant demand for flammable liquids across geographies
Strong growth of Pharmaceutical and Medical industry
Biologics and pharmaceuticals can contain hazardous materials, requiring compliant testing and packaging for both drug substance and commercial drug products. Gene therapy manufacturing materials and drug products can contain hazardous biological substances. Shipment of these products generally requires the material to be maintained at frozen temperatures. Dry ice, which is considered as a hazardous material, is most commonly used for temperature control in shipment. Combination products which include a drug and delivery device may also contain dangerous materials.

Restraints

Stringent regulations pertaining to shipping dangerous goods
Dangerous goods transportation is a highly regulated sector which is mainly governed by national and international regulations as per the respective mode of transport. The purpose of these regulations is to prevent accidents to property and people as well as to the surrounding environment. Regulations generally include issues such as packaging requirement criteria, the maximum amount of product which can be transported, and the kind of goods which can or cannot be transported in the same transport unit. For instance, in Europe, international dangerous goods by road are mainly subjected to International ADR Agreement, European Agreement concerning the International Carriage of Dangerous Goods by Road.

Opportunities

Growing electric vehicle industry
Lithium batteries are commonly used in mobile phones, watches, laptops, cameras, toys, etc. comes under dangerous goods, as per IATA DG Regulations, since charged battery shipments can overheat and ignite under certain conditions. Also, lithium-ion batteries have established themselves as a major part of electric vehicle as they offer the best balance between cost, performance, weight, and size parameters. Today, the electric vehicles, especially the two wheelers, three wheelers, and cars are the biggest demand generator for lithium-ion batteries.

The International Energy Agency (IEA) has projected that the growth in EVs is likely to surge the lithium demand by more than 40 times by 2030 as per the International Lithium Association (ILiA).

Supply Chain Analysis

Dangerous products include flammable liquids: oil & gas, petroleum distillates, chemical products, lithium batteries, dry ice, flammable solids, gases, etc. These products require utmost care and handling throughout its distribution process. Some of the key suppliers of dangerous goods include Linde plc, Yara International, CATL, Panasonic, Saudi Aramco, BASF SE, Shell plc, and LG Chem, etc.

The global dangerous/hazardous goods market is fragmented with the prominence of tier-1, tier-2 and various small domestic players. Some of the well-established dangerous goods logistic companies include Bolloré Logistics, DHL, CEVA Logistics, DSV, and Hellmann, among others. These companies provide various services.

Dangerous goods are widely used in different verticals - oil & gas, medical, automotive, petrochemical, etc. Rising electrification of automobiles is likely to spur the demand for lithium batteries. Also, increasing energy requirements from different industries is expected to boost the need for petrol, gasoline, petroleum distillates, etc. Moreover, growing demand for various chemical products is further expected to boost the demand for chemical raw materials

The key raw materials used in the production of packaging are plastics, metals, glass, paper, and others. These raw materials are used in the form of sheets, boards, bottles in the food industry, and other forms.

Segmentation

Based on destination:

Domestic and international are the destination segments of Global Dangerous-Hazardous Goods Logistics Market. Domestic logistics have a larger market share. They can use a broad variety of modes of transportation for moving dangerous goods, such as road, rail, ocean, or air. Of which, the road transport is commonly preferred. Dangerous goods produced in a country or region is generally first catered in the local market, then the surplus is exported to international countries. Also, domestic shipping is cheaper than international transportation as one saves money in custom duties.

Based on service types:

Transportation, Warehousing and distribution and Value-added service segment are the service type segments of Global Dangerous-Hazardous Goods Logistics Market. Transport logistics has the biggest share by service type. Food. The industry is highly regulated to prevent accidents to people, property, goods, or the environment. The regulations are framed so as not to hamper the movement of hazardous goods other than those goods which are illegal to transported. In a growing or a developed economy, dangerous goods are commonly used in sectors such as medical, nuclear energy, oil & gas, and petrochemical, among others. used. The appropriate equipment of the vehicle fleet and necessary training of employees are mandatory to ensure the safe transport of hazardous goods.

Based on container type:

Insulated containers, Bolster shipping containers, refrigerated containers, and others are the segments of Global Dangerous - Hazardous Goods Logistics Market. These containers prevent heat energy from flowing outside in order to keep the internal temperature constant. It has a double wall and maintains the initial temperature and protects the interior from exterior temperature conditions. Also, it prevents condensation due to rain or moisture. It is mainly used to ship dangerous goods such as oil & gas, flammable fluids, radioactive substances, etc.

Regional Analysis

The Global Dangerous - Hazardous Goods Logistics Market has been segmented, based on region, into: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Asia Pacific is the largest and fastest-growing regional segment and is likely to reach USD 675.51 billion with a robust CAGR of 7.08% during the review period. China is the leading contributor in the region owing to significant production of chemicals, petrochemicals, flammable gases, etc. It is one of the leading exporters of chemical products across the globe. As of first three quarters of 2021, the dangerous goods transportation employed 1.62 million and around 575,000 dangerous goods. The industry has been booming in the past few years which has bolstered the demand for lithium batteries, this propelling its logistic activities. In addition, with rising industrialization there demand for crude oil and chemical products have been surging in the emerging economies. This, in turn, boosts the trading activities of dangerous goods.

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