Dangerous Hazardous Goods Logistics Market

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 market growth 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 global market has been segmented by destination, service type, container type and region. Based on destination, the market has been segmented into domestic and international. The domestic segment accounted for the largest market share as majority of the products are being shipped within the country by road.

Based on service type, the market has been categorized into transportation, warehousing & distribution and value-added services. The transportation segment accounted for the largest market share in 2021. It involves transport of goods domestically or internationally as per the regulations set by different countries.

Based on container type, the market has been segmented into insulated containers, bolster shipping containers, refrigerated containers and others. The insulated containers segment accounted for the largest market share in 2021. The segment growth can be attributed to widespread shipment of dry ice, pharmaceuticals and chemicals.

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, South America and the Middle East & Africa. The Asia-Pacific region accounted for the largest market share in 2021. The regional market growth can be attributed to presence of strong chemical processing sector, expanding industrialization and significant growth of the automobile, oil & gas, and pharmaceutical industries in the region.