Overview and Scope
Green logistics refers to the implementation of sustainable practices in logistics operations to reduce the environmental impact. It involves optimizing storage space, reducing transport operations, using eco-friendly packaging, and considering the entire supply chain’s environmental footprint. Green logistics aims to balance economic efficiency with environmental sustainability by measuring and minimizing the ecological impact of logistics activities.
Sizing and Forecast
The green logistics market size has grown strongly in recent years. It will grow from $1201.35 billion in 2023 to $1290.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to environmental regulations and legislation, corporate social responsibility (CSR) initiatives, rising fuel costs and energy efficiency concerns, growing consumer demand for sustainable products, supply chain resilience and risk management.
The green logistics market size is expected to see strong growth in the next few years. It will grow to $1744.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to government policies and regulations, technological advancements in green transportation, increasing consumer awareness and demand, corporate sustainability commitments, rising fuel prices and carbon taxes. Major trends in the forecast period include integration of artificial intelligence and machine learning, expansion of electric and alternative fuel vehicles, adoption of blockchain technology for transparency, development of circular economy practices, emphasis on collaboration and partnerships.
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Segmentation & Regional Insights
The green logistics market covered in this report is segmented –
1) By Service Type: Value Added Services, Warehousing, Distribution, Transportation, Reverse Logistics, Packaging
2) By Mode of Operations: Storage, Roadways Distribution, Seaways Distribution, Other Mode Of Operations
3) By Organization Size: Large Enterprises, Small and Medium Enterprise
4) By Industry: Retail Consumer Goods, Semiconductor and Electronics, Chemical and Material, Automotive, Energy and Utilities, Farming and Agriculture, Other Industries
Asia-Pacific was the largest region in the green logistics market in 2023. The regions covered in the green logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise in the adoption of EVs is expected to propel the growth of the green logistics market going forward. An electric vehicle (EV) is a mode of transportation powered by electricity stored in rechargeable batteries or other energy storage devices. The adoption of electric vehicles is driven by increasing environmental awareness, government incentives, advancements in battery technology, and a growing demand for sustainable transportation solutions. Electric vehicles significantly contribute to green initiatives by reducing carbon emissions, improving energy efficiency, and aligning with sustainability goals. For instance, in April 2023, according to the International Energy Agency, a France-based intergovernmental organization, the worldwide sales of EV trucks in 2021 was 41000, which increased to 59500, including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). Therefore, the rise in the adoption of EVs is driving the growth of the green logistics market.
Key Industry Players
Major companies operating in the green logistics market are Deutsche Post AG, United Parcel Service of America Inc., CEVA Logistics , Fujitsu Limited, FedEx Corporation, Bollore Logistics, GEODIS Yusen Logistics, XPO Logistics, YUSEN LOGISTICS CO. LTD., Agility Public Warehousing KSCP, Mahindra Logistics Ltd., KLG Europe, 20 cube Logistics Pte Ltd., Transervice Logistics Inc., DSV A/S, AI Futtaim Logistics, Hupac Group, Express Freight Management, Go Green Logistics, Peter Green Chilled, The Green Group, Westerman MultiModal Logistics, EcoTransIT World, Clean Cargo Working Group, Green Mountain Energy Company
The green logistics market report table of contents includes:
1. Executive Summary
2. Green Logistics Market Characteristics
3. Green Logistics Market Trends And Strategies
4. Green Logistics Market – Macro Economic Scenario
5. Global Green Logistics Market Size and Growth
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32. Global Green Logistics Market Competitive Benchmarking
33. Global Green Logistics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Green Logistics Market
35. Green Logistics Market Future Outlook and Potential Analysis
36. Appendix
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