0
2022
Hazardous Goods Logistics Market

Hazardous Goods Logistics Market by Operation (Seaways, Roadways, Railways, Airways, Storage and Services), by Business Type (Transportation, Warehousing, Value added Services), by Product (Flammable, Explosive, Radioactive, Bio-hazardous, Others), by Application (Industrial, Healthcare, Agriculture, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A11528
Pages: 424
Sep 2022 | 4252 Views
Author(s) : Mayank Halmare , Sonia Mutreja
Tables: 233
Charts: 78
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The hazardous goods logistics market is expected to witness significant growth, due to increasing demand of hazardous waste management from various end use industries such as pharmaceuticals industry, chemical industry, and others. In addition, increase in government regulations and standards related to transportation and storage of dangerous goods is a major factor that drives the hazardous goods logistics market growth. Moreover, rise in tech driven logistics services and surge in adoption of IoT–enabled devices in logistics industry are anticipated to boost the growth of the hazardous goods logistics market.

Factors such as stringent rules and regulations for hazardous goods transportation & storage, surge in digitization, increase in use of drones for delivering hazardous goods and rise in oil & gas industry are anticipated to boost the growth of the global hazardous goods logistics market during the forecast period. However, probable risk associated with dangerous goods transport & storage, and high cost of transportation are expected to hinder the growth of the global hazardous goods logistics market during the forecast period. Moreover, increase in demand for medical waste management, and shift toward nuclear energy is expected to create an opportunity for the hazardous goods logistics market in near future.

To fulfil the changing demand scenarios, market participants are concentrating business expansion efforts to expand their geographic presence and meet new business opportunities. For instance, in August 2022, Rhenus Warehousing Solutions India, a division of Rhenus Logistics opened a new multi-user chemical warehouse in Gurgaon in the New Delhi area; this comes in response to the increase in demand in the chemical and hazardous substances business.  Moreover, in July 2021, DHL Supply Chain, the contract logistics leader within Deutsche Post DHL Group, is started construction of an approximately 32,000-square-meter logistics center in Florstadt, Germany. The new facility will offer customers from the pharmaceutical and medical products sector additional warehouse space in temperature zones of 15-25°C, 2-8°C and -24°C. And also provides advantage of a separate 1,750 square meters of space for storing hazardous materials. In addition, market participants are continuously focusing on acquisition efforts to match changing end-user requirements. For instance, in April 2020, Rhenus Logistics acquired Irish chemical logistics specialist C+G Logistics. The acquisition enables further expansion of the services Rhenus can offer to its growing customer base across Ireland. The C+G facility also provides full Seveso capabilities with 5,000 square metres of dedicated hazardous goods storage.

The key players that operate in this market are Agility, Bollore Logistics, Ceva Logistics, DB Schenker, DGD Transports, DHL Supply Chain, DSV, GEODIS, Hellmann Worldwide Logistics, Kuehne + Nagel, Rhenus Logistics, Toll Holdings Ltd., United Parcel Service of America, Inc., XPO Logistics, Inc., Yellow Corporation, Ych Group, and Yusen Logistics Co., Ltd.

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Targeted market view to provide pertinent information and save time of readers