Dangerous Goods Logistics Market To Grow At A CAGR Of 6.15%
New York, September 23, 2021 (GLOBE NEWSWIRE) – Dangerous / Dangerous Goods Logistics Market Overview: According to a Comprehensive Research Report from Market Research Future (MRFR), “Dangerous / Dangerous Goods Logistics Market Search report, service, destination and region – Forecast to 2028 ” The market is expected to grow at 6.15% CAGR from 2021 to 2028 (forecast period).
List of Key Companies Presented in the Dangerous / Dangerous Goods Logistics Market Research Report are:
- Ceva Logistics (Switzerland)
- Bolloré Logistics (France)
- DHL (Germany)
- DSV (Denmark)
- DB Schenker (Germany)
- Hellmann Worldwide Logistics (Germany)
- DGD Transport (United States)
- Toll Group (Australia)
- YRC Worldwide Inc. (United States)
- United Parcel Service (United States)
- GEODIS (France)
- Rhenus Logistics (Germany)
- Agility Logistics (Kuwait)
- Kuehne + Nagel (Switzerland), and
- XPO Logistics (United States).
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Future’s Review Market Research on the Dangerous / Dangerous Goods Logistics Market
Several factors contributing to the growth of the market
Dangerous goods, abbreviated DG, are substances which present a risk to health, property, safety or the environment when transported. Dangerous goods are noxious goods that present risks even when not transported. Chemical regulations are frequently applied to hazardous compounds. Hazardous Materials Teams are professionals who have been professionally trained to handle hazardous items such as explosive, radioactive, flammable, oxidizing, corrosive, biohazardous, pathogenic, asphyxiating, toxic or allergic materials.
Since they contain many goods and products in common use, hazardous materials represent a significant portion of global freight. Gasoline and other petroleum products are expected to represent a significant share. Transporting hazardous materials requires additional procedures, handling and packaging. Pipelines, rail, road, air and sea vehicles transporting hazardous materials are subject to specialized safety regulations, standards and reporting systems. These particular standards identify events involving the transport of dangerous goods, which may have an impact on the environment as well as the possibility of injury and death. Regarding the logistics of dangerous goods, certain policies and standards are in place. International organizations, local institutions, as well as major aviation and shipping divisions have adopted new, more stringent dangerous goods logistics management policies. In the coming years, the implementation of these new policies is expected to strengthen the dangerous / dangerous goods logistics sector. The global dangerous / dangerous goods logistics market is expected to grow rapidly during the forecast period, owing to the expansion of the oil and gas industry around the world. Over the next few years, this is expected to fuel demand for dangerous / dangerous goods logistics.
Browse the in-depth Dangerous / Dangerous Goods Logistics (185 pages) market research report
The dangerous goods logistics market is quite fragmented, with significant global companies as well as small and medium-sized local players. To meet market needs and demand, most global logistics companies include a dangerous / dangerous goods logistics section. In addition, local players are expanding their capacities in terms of inventory management, service offerings, processed products and technology. With the increasingly strict control of the logistics of dangerous goods, the market is gradually eliminating a large number of freight transport companies with insufficient professional capacities and insufficient complete resources, leaving fewer freight transport companies capable of providing services. professional full chain dangerous goods logistics services independently.
Impact of COVID-19 on the global market
The COVID-19 pandemic has spurred the growth of the dangerous goods logistics market. The increasing demand for medical oxygen in hospitals has resulted in an increased need for transportation. In addition, nuclear medicine, viral samples, substances hazardous to health care and clinical waste such as surgical equipment must be transported. Due to the lockdowns caused by the COVID-19 pandemic, transporting dangerous goods has become easier and faster. Many chemical factories were closed due to a lack of manpower, which reduced the need for transportation. The dangerous goods logistics market is a developing sector that has been affected by the ongoing virus, which has disrupted all types of operations in the affected countries.
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The global dangerous / dangerous goods logistics market has been segmented on the basis of service and destination.
On the basis of service, the global dangerous / dangerous goods logistics market has been divided into transportation, warehousing and distribution and value-added services. The transportation services segment is expected to hold a significant share of the market during the forecast period.
Based on the destination, the global dangerous / dangerous goods logistics market has been segmented into national and international. The domestic destinations segment has captured a significant share of the global market due to the increasing use of road transport.
Europe will dominate the global market
Europe should be an important market for the logistics of dangerous / dangerous goods. In Europe, road freight transit is the main means of transport. In road transport, the movement of dangerous products in the European Union (EU-28) has increased year on year over the past five years. More than two thirds of the movements of goods at risk in almost half of European countries took place on national territory. Flammable liquids made up more than half of the entire product group, followed by gases and corrosives.
Market segmentation covered by research:
Dangerous Goods Logistics Market Research Report: By Service (Transportation, Warehousing & Distribution & Value Added Services), By Destination (Domestic & International) & By Region (North America, Europe, Asia Pacific & Rest world) – Forecast until 2028
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