From GlobeNewswire: 2024-08-05 02:00:00

The Global Hazardous Goods Logistics Market is projected to grow from USD 229 billion in 2023 to USD 449 billion by 2033 at a CAGR of 6.96%. Hazardous goods include chemicals, biohazardous materials, and more, making up a significant portion of international transportation. The market for hazardous goods logistics is expected to expand as the oil and gas industry grows.

Value-added services are expected to hold the largest share of the global hazardous goods logistics market. These services enhance the value of product transportation through specific handling techniques like labeling and packing. The international segment is predicted to dominate the hazardous goods logistics market, especially in areas like North America and Asia Pacific.

North America is anticipated to have the largest share of the hazardous goods logistics market due to its mature economy and strong infrastructure. Asia Pacific is expected to grow rapidly with China commanding over 50% of the market share in the region. Europe is also poised for significant growth, driven by demand for transporting hazardous goods in compliance with regulations.

Key players in the hazardous goods logistics market include BlackBerry, FedEx Corporation, United Parcel Service, and more. Recent developments include the launch of BlackBerry Radar devices aimed at hazardous goods transportation. The global market is segmented by service, destination, and region, providing insights into future growth opportunities.

Overall, the hazardous goods logistics market is set for substantial growth, driven by the increasing importance of safe transportation of hazardous materials. With key players innovating and expanding their offerings, the market is expected to witness significant advancements in the coming years.



Read more at GlobeNewswire: Global Hazardous Goods Logistics Market Size To Worth USD