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(Transportation-News.com, July 19, 2024 ) Global Green Logistics Market size was valued at USD 1.41 Tn in 2023 and is expected to reach USD 2.91 Tn by 2032, at a CAGR of 8.37 %.
Pune, 19, July 2024: The Global Green Logistics Market was valued at USD 1.41 Trillion in 2023 and is expected to reach USD 2.91 Trillion by 2032, with a CAGR of 8.37 %.
Green logistics, also known as sustainable logistics or eco-logistics, is a sustainable approach to logistics operations and supply chain management. It aims to minimize environmental impact by integrating sustainable practices, such as eco-friendly transportation, efficient supply chain optimization, sustainable packaging, and energy efficiency. This approach focuses on reducing carbon emissions, energy consumption, waste generation, and other negative environmental effects in the transportation and logistics industry. It balances economic efficiency with environmental responsibility, meeting global business logistical needs while ensuring efficient transportation, warehousing, distribution, and management of goods.
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Green Logistics’ Key Competitors include:
• XPO Logistics Inc. (United States)
• United Parcel Service of America Inc. (United States)
• FedEx Corporation (United States)
• GEODIS (France)
• Bolloré SE (France)
• CEVA Logistics (France)
• Deutsche Post DHL Group. (Germany)
• DSV (Denmark)
• YUSEN LOGISTICS CO. LTD. (Japan),
• Agility Logistics (Kuwait) and other major players.
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Green Logistics Market Dynamics
Green logistics is being developed by companies to gain a competitive edge and boost market demand by reducing environmental impact. This concept affects processes, transport systems, distribution, and storage of goods. Governments worldwide are implementing regulations on greenhouse gas emissions, fuel efficiency, and waste management. Companies are implementing green logistics practices to create market growth for significant technologies and solutions. Green logistics supports companies in reducing their carbon footprint and driving market adoption. Companies are working closely with environmentally responsible suppliers and suppliers, enhancing brand image and reputation. The increasing concern for the environment is shaping consumer preferences for eco-friendly products and influencing industry standards and regulations for green logistics practices worldwide.
Green logistics management is gaining popularity as companies strive to reduce environmental damage and boost sustainable practices. By reducing gas emissions, conserving resources, and implementing waste management, companies can satisfy customer needs and boost margins and profitability. The increasing demand for sustainable products and services has created an opportunity for green logistics providers to charge higher margins and collect premiums. Integrating green logistics techniques into business strategies sets companies apart from competitors, attracts environmentally conscious customers, and improves brand image. As the demand for sustainable products and services increases, companies adopting green logistics practices are expected to gain increased market share and profitability.
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Green Logistics Market Regional Insights
The Asia Pacific market is expected to dominate the market over the forecast period due to the growing demand for merchandise and logistics, as well as environmental concerns arising from logistics. The region is the fastest-growing in the world and plays a crucial role in tackling climate change. The Green Deal digital platform aims to increase private-sector capital finance for sustainable development, particularly for micro, small, and medium-sized enterprises (MSMEs). Tools like the Green Deal for Business can help MSMEs understand and influence digital platforms on ESG and sustainability, enabling them to start their sustainability journeys and access green finance. The APAC e-commerce boom has boosted demand for sustainable last-mile delivery solutions, creating opportunities for green logistics providers to offer innovative options like electric vehicles, micro-mobility, and drone deliveries. Governments are implementing policies to enhance logistics efficiency, including infrastructure improvements, raising awareness, promoting modern information technology, and encouraging cooperation between enterprises. This has led to increased use of renewable fuels and established a green logistics market.
Green Logistics Market Segment Analysis
By Service Type:
• Value Added Services
• Warehousing
• Distribution
• Transportation
• Reverse Logistics
• Packaging
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The transportation segment is predicted to dominate the green logistics market due to its significant contribution to carbon emissions and environmental pollution. As governments and regulatory bodies enforce stricter emission standards, businesses are adopting greener transportation practices. The development of electric vehicles and alternative fuel sources has enabled companies to transition to eco-friendly transportation solutions, making the transportation segment the leading player in the green logistics market.
By Mode of Operation:
• Storage
• Seaways Distribution
• Roadways Distribution
• Airways Distribution
• Railways Distribution
By End-User:
• Retail and E-Commerce
• Healthcare
• Manufacturing
• Automotive
GLOBAL GREEN LOGISTICS MARKET BY REGION
• NORTH AMERICA
o USA
o Canada
o Mexico
• EASTERN EUROPE
o Russia
o Bulgaria
o The Czech Republic
o Hungary
o Poland
o Romania
o Rest of Eastern Europe
• WESTERN EUROPE
o Germany
o United Kingdom
o France
o The Netherlands
o Italy
o Spain
o Rest of Western Europe
• ASIA PACIFIC
o China
o India
o Japan
o South Korea
o Malaysia
o Thailand
o Vietnam
o The Philippines
o Australia
o New-Zealand
o Rest Of APAC
• MIDDLE EAST & AFRICA
o Turkey
o Bahrain
o Kuwait
o Saudi Arabia
o Qatar
o UAE
o Israel
o South Africa
• SOUTH AMERICA
o Brazil
o Argentina
o Rest of South America
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Key questions answered in the Green Logistics Market report are:
1. Which market segment dominated the global Green Logistics market in 2023?
2. What are the current global trends in the Green Logistics market?
3. What future industry applications and trends are emerging in the Green Logistics market?
4. What growth strategies are companies adopting to expand their presence in the Green Logistics market?
5. Who are the leading companies in the Green Logistics market, and what are their product portfolios?
6. What are the primary challenges that the Green Logistics market may face in the future?
7. Which region had the largest share of the Green Logistics market in 2023?
8. How is the regulatory environment influencing the Green Logistics market?
Key Offerings:
• Market Size, Share, Size & Forecast by Different Segments | 2024−2032
• Green Logistics Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Trend Analysis
• Pestle Analysis
• Porter’s Five Forces Analysis
• Industry Value Chain Analysis
• Ecosystem
• Regulatory Landscape
• Price Trend Analysis
• Patent Analysis
• Technology Evolution
• Investment Pockets
• Green Logistics Market Segmentation
• Competitive Landscape – Profiles of selected key players in a strategic perspective
• Competitive landscape – Competitive Benchmarking, Green Logistics Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions
• Analyst Viewpoint and Conclusion
Introspective Market Research, a prominent Manufacturing and Construction research firm, has released the following reports:
• Global Chemical Logistics Market: Global Chemical Logistics Market Size Was Valued at USD 242.46 Billion in 2023 and is Projected to Reach USD 304.76 Billion by 2032, Growing at a CAGR of 2.9% From 2024-2032.
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