Green Logistics Market Report 2024 - Green Logistics Market Research And Opportunities
The green logistics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Green Logistics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Green Logistics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Green Logistics Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the green technology market focus on technologically advanced solutions, such as green solutions, to continue driving innovation, reduce environmental impact, and support the transition to a sustainable economy. It is a portfolio of insurance products and services designed to support the net-zero ambitions of clients by focusing on sustainable technologies and risk mitigation strategies. For instance, in May 2023, Munich Re Specialty Group, a green technology division of Munich Re, a Germany-based company, launched the green solutions portfolio to support the net-zero ambitions of its clients. This initiative aims to position the group as a prominent provider of commercial specialty and primary green insurance risks by 2030. Green Solutions comprises both existing green technology offerings and innovative risk solutions. The portfolio targets emerging as the preferred partner for sustainable risks within the London and Lloyd’s markets, leveraging Munich Re’s extensive global distribution network to facilitate the transition towards a net-zero economy. With a focus on technologies such as photovoltaic, wind, carbon capture, and energy storage, green solutions will also provide access to intangible asset products such as cyber coverage.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Green Logistics Market Report Structure
3. Green Logistics Market Trends And Strategies
4. Green Logistics Market – Macro Economic Scenario
5. Green Logistics Market Size And Growth
…..
27. Green Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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