Market Synopsis
The global dangerous goods logistics market was valued at USD 743.51 billion in 2021 and is expected to register a CAGR of 6.37% during the review the period.
The Global dangerous goods logistics market is primarily driven by increasing demand for flammable liquids across verticals. Expanding industrialization in the developing countries is expected to propel the demand for petrochemicals and thus, drive the market growth. High demand for hazardous pharmaceutical products in both developed and developing countries is another key factor propelling the market growth. Increasing demand for lithium batteries with growing popularity of electric vehicles is witnessed to create lucrative growth opportunities for the players operating in the global market. However, presence of various regulations restricting or prohibiting the transport of dangerous goods is likely to affect the market growth during the review period.
The leading players in Global Dangerous- Hazardous Goods Logistics Market are Ceva Logistics AG (France), Bollore Logistics (France), DHL (Germany), DSV (Denmark), DB Schenker (Germany), Toll Holdings Ltd. (Australia), Suttons Group (UK), Ellmann (Germany), DGD Transport (US), YRC Worldwide, Inc. (US), Geodis (France), Eastrex Logistics SDN BHD (Malaysia), Rhenus Group (Germany), Agility (Kuwait), SGS SA (Switzerland)
Segmentation:
By destination:
Domestic: Domestic shipping is when the goods are transported or shipped from point A to B within a country’s boundaries. Generally, these services can be done extremely fast and same-day delivery can be availed from certain companies. Two-day and three-day delivery options are also easily available. 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.
International: International shipping is the process of exporting and importing goods between countries through sea, road, or over the road. International shipping is a complicated process of moving freight over country borders, accompanies by several regulations norms. To successfully carry out trading activities, the dangerous goods companies are required to be informed about specific policies of international shipping and collect paperwork so the freight can easily pass the custom clearance.
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By service type:
Transportation: The transportation of hazardous goods requires the logistic companies to follow strict rules. 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.
Warehousing and Distribution: Dangerous goods are generally stored in warehouses for transit or storage purpose, and can be risky leading to explosion or fires if not stored properly. In worst cases, improper handling can result in accidents with loss of property and life. To prevent such accidents, the logistic companies are required to adhere to safety procedures before and during operations. A strict guideline pertaining to each country’s regulatory agency needs to be followed by a warehouse storing dangerous goods. Dangerous goods handling area must be separated from the normal warehouse activities area. Also, the storage area must be kept secure from any unauthorized access.
By container types:
Insulated containers: They are generally used as a part of a cold chain to help maintain efficacy and product freshness. 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.
Bolster Shipping containers: It consists of a wooden floor and a steel frame support, making it easier for shipping the oversized and heaviest items. These containers are widely used by manufacturing companies, mining companies, and international moving companies, among others who want to ship heavy goods. It can be used to ship heavy lithium batteries, heavy barrels of petroleum products, etc.
By regions:
North America: The North American market was valued at USD 194.35 billion in 2021 and is projected to reach USD 319.99 billion by the end of 2030. The US is the leading contributor in the region. The regional market growth is mainly contributed to rapid industrialization, increasing energy requirements, growing trading among neighboring countries, and rising globalization.
Europe: Germany, France, and the UK are the major revenue contributors in the region. Strong presence of chemical manufacturing companies such as BASF, Exxon Mobil; petrochemical companies, and nuclear energy plants in Europe has augmented the trading of dangerous goods such as oil products, petrochemicals, flammable gases, etc.
Asia-Pacific: 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.
Middle East Africa: Saudi Arabia and UAE are the key regional contributors. The region is known for its crude oil drilling operations and accounts for a significant position in the global oil gas industry. Saudi Arabia holds for around 17% of the world’s proven petroleum reserves. The oil gas industry accounts for almost 50%of gross domestic product and around 70% of export earnings.
South America: Rapid industrialization and increasing disposable income have boosted the need for various chemical products, crude oil, oil products, etc., augmenting the regional market growth.
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