Austin, TX, USA, Oct. 17, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Green Logistics Market Size, Trends and Insights By Business Type (Warehousing, Distribution, Value added services, Others), By Mode of Operation (Storage, Roadways Distribution, Seaways Distribution, Others), By End Use (Healthcare, Manufacturing, Automotive, Banking and financial services, Retail and E-Commerce, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Green Logistics Market size & share was valued at approximately USD 1,325.1 Billion in 2023 and is expected to reach USD 1,428.5 Billion in 2024 and is expected to reach a value of around USD 2,808.3 Billion by 2033, at a compound annual growth rate (CAGR) of about 7.8% during the forecast period 2024 to 2033.”
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Green Logistics Market: Growth Factors and Dynamics
- Regulatory Pressure and Government Policies: Governments worldwide are implementing stringent environmental regulations and policies to reduce carbon emissions and promote sustainable practices. Compliance with these regulations significantly drives companies to adopt green logistics services. Incentives, subsidies, and tax benefits for adopting eco-friendly technologies further encourage this transition.
- Consumer Demand for Sustainability: There is a growing consumer preference for environmentally responsible products and services. Companies are responding to this demand by incorporating green logistics practices into their supply chains to enhance their brand image and appeal to eco-conscious consumers. This shift drives the adoption of sustainable transportation, warehousing, and supply chain solutions.
- Technological Advancements: Technological advancements, such as the Internet of Things (IoT), blockchain, artificial intelligence (AI), and big data analytics, are revolutionizing the logistics industry. These technologies enable better tracking, efficiency, and optimization of logistics operations, reducing energy consumption and lowering emissions. Electric and hybrid vehicles and renewable energy solutions are also playing a crucial role in greening the logistics sector.
- Cost Savings and Efficiency: Green logistics services often lead to cost savings through improved efficiency, reduced fuel consumption, and lower waste. Companies are increasingly recognizing that sustainable practices can enhance their bottom line. Efficient route planning, load optimization, and energy-efficient warehousing are examples of how green logistics can reduce operational costs.
- Corporate Social Responsibility (CSR): Many companies incorporate sustainability into their corporate social responsibility (CSR) strategies. They aim to reduce their environmental impact by adopting green logistics practices and contribute to global sustainability goals. This commitment to CSR helps companies build a positive reputation and gain a competitive advantage in the market.
- Rising Fuel Costs and Resource Scarcity: The increasing cost of traditional fossil fuels and the growing scarcity of natural resources drive the need for more sustainable logistics solutions. Companies seek alternatives to mitigate the risks associated with fuel price volatility and resource shortages. This includes investing in alternative fuels, energy-efficient vehicles, and renewable energy sources for their logistics operations.
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Green Logistics Market: Partnership and Acquisitions
- In 2023, DHL Global Forwarding, a division of Deutsche Post AG, partnered with IAG Cargo in Sustainable Aviation Fuel (SAF). DHL committed to purchasing 11.5 million liters of SAF, reducing Scope 3 transport emissions in 2023.
- In 2022, Maersk acquired LF Logistics to bolster its supply chain capabilities, extend global reach, and cater to end-to-end supply chain demands. LF Logistics’ expertise in green logistics services aligns with Maersk’s commitment to sustainability, enhancing its offerings with environmentally friendly logistics solutions.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 1,428.5 Billion |
| Projected Market Size in 2033 | USD 2,808.3 Billion |
| Market Size in 2023 | USD 1,325.1 Billion |
| CAGR Growth Rate | 7.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Business Type, Mode of Operation, End Use and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
(A free sample of the Green Logistics Services report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Green Logistics Services report has been modified to include the COVID-19 impact study prior to delivery.)
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Green Logistics Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Green Logistics Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Disruption in Supply Chains and Logistics Operations: The COVID-19 pandemic caused significant disruptions in global supply chains and logistics operations. Lockdowns, travel restrictions, and reduced workforce availability led to delays, increased costs, and inefficiencies. These disruptions impacted the adoption and implementation of green logistics initiatives as companies focused on short-term survival rather than long-term sustainability goals.
- Shift in Priorities and Budget Constraints: Many businesses shifted their priorities to crisis management and maintaining operational continuity during the pandemic. Budget constraints became a significant issue as revenues declined, leading to a reduction in investments in green technologies and sustainable practices. The immediate focus was maintaining supply chain functionality rather than investing in green logistics solutions.
- Renewed Focus on Sustainability Post-Pandemic: As businesses recover from the pandemic, there is a renewed focus on sustainability and resilience. Companies are re-evaluating their supply chains and logistics operations to build more robust and sustainable systems. Recognizing that sustainable practices can enhance resilience to future disruptions drives renewed investments in green logistics.
- Government Stimulus and Green Recovery Initiatives: Many governments have introduced stimulus packages and green recovery initiatives to support economic recovery while promoting sustainability. These initiatives often include funding for green technologies, infrastructure, and sustainable practices. Businesses can leverage these incentives to invest in green logistics solutions, accelerating the market’s recovery.
- Adoption of Advanced Technologies: The pandemic has accelerated the adoption of digital and advanced technologies in logistics. IoT, AI, and blockchain are increasingly being used to optimize logistics operations, improve efficiency, and reduce emissions. The integration of these technologies supports the recovery and growth of green logistics services.
- Increased Consumer Awareness and Demand for Sustainability: The pandemic has heightened consumer awareness of environmental issues and the importance of sustainability. A growing demand for eco-friendly products and services is driving companies to adopt green logistics practices. Businesses respond to this demand to enhance their brand reputation and meet consumer expectations.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Green Logistics Market, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
- What is the size of the Green Logistics Market and what is its expected growth rate?
- What are the primary driving factors that push the Green Logistics Market forward?
- What are the Green Logistics Services Industry’s top companies?
- What are the different categories that the Green Logistics Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Green Logistics Market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Green Logistics Market – Regional Analysis
The Green Logistics Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, green logistics services are driven by a strong emphasis on sustainability and innovation. Trends include the widespread adoption of electric and hybrid vehicles for transportation, investment in renewable energy solutions such as solar-powered warehouses, and the implementation of advanced technologies like IoT and AI for supply chain optimization. Additionally, there is a growing focus on reducing food waste through efficient cold chain logistics in the food industry.
- Europe: Europe leads in green logistics practices, driven by stringent environmental regulations and a strong commitment to sustainability. Trends include the expansion of eco-friendly transportation modes such as electrified rail networks and hydrogen-powered vehicles. Sustainable urban logistics solutions, such as micro-consolidation centers and low-emission zones, are increasingly common in major cities. Additionally, there is a growing focus on circular economy principles, promoting resource efficiency and waste reduction throughout the supply chain.
- Asia-Pacific: In the Asia-Pacific region, green logistics services are fueled by rapid urbanization, growing consumer awareness, and government initiatives to combat pollution. Trends include the electrification of transport fleets in densely populated urban areas, investment in green infrastructure such as bicycle lanes and electric charging stations, and the adoption of smart logistics technologies to improve efficiency and reduce emissions. There is also a focus on sustainable sourcing practices, particularly in industries such as textiles and electronics.
- LAMEA (Latin America, Middle East, and Africa): In LAMEA, green logistics services are driven by a combination of environmental concerns and economic development. Trends include the promotion of renewable energy sources such as wind and solar power to reduce reliance on fossil fuels in transportation and warehousing. Sustainable agriculture practices, including efficient cold chain logistics and farm-to-market supply chains, are gaining traction in the region. Additionally, there is growing investment in green infrastructure projects, such as eco-friendly ports and logistics hubs, to support sustainable economic growth.
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List of the prominent players in the Green Logistics Market:
- DHL Supply Chain (part of Deutsche Post DHL Group)
- United Parcel Service Inc. (UPS)
- FedEx Corporation
- Kuehne + Nagel International AG
- DSV Panalpina A/S
- CEVA Logistics (part of CMA CGM Group)
- XPO Logistics Inc.
- DB Schenker (a division of Deutsche Bahn AG)
- GEODIS (a division of SNCF Logistics)
- Nippon Express Co. Ltd.
- H. Robinson Worldwide Inc.
- Sinotrans Limited
- Hitachi Transport System Ltd.
- Agility Public Warehousing Company K.S.C.P.
- B. Hunt Transport Services Inc.
- Others
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The Green Logistics Market is segmented as follows:
By Business Type
- Warehousing
- Distribution
- Value added services
- Others
By Mode of Operation
- Storage
- Roadways Distribution
- Seaways Distribution
- Others
By End Use
- Healthcare
- Manufacturing
- Automotive
- Banking and financial services
- Retail and E-Commerce
- Others
Click Here to Get a Free Sample Report of the Global Green Logistics Market @ https://www.custommarketinsights.com/report/green-logistics-services-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Green Logistics Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Green Logistics Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Green Logistics Market? What Was the Capacity, Production Value, Cost and PROFIT of the Green Logistics Market?
- What Is the Current Market Status of the Green Logistics Services Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Green Logistics Market by Considering Applications and Types?
- What Are Projections of the Global Green Logistics Services Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Green Logistics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Green Logistics Services Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Green Logistics Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Green Logistics Services Industry?
Click Here to Access a Free Sample Report of the Global Green Logistics Market @ https://www.custommarketinsights.com/report/green-logistics-services-market/
Reasons to Purchase Green Logistics Market Report
- Green Logistics Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Green Logistics Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Green Logistics Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Green Logistics Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Green Logistics Market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Green Logistics Market analysis.
- The competitive environment of current and potential participants in the Green Logistics Market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Green Logistics Market should find this report useful. The research will be useful to all market participants in the Green Logistics Services industry.
- Managers in the Green Logistics Services sector are interested in publishing up-to-date and projected data about the worldwide Green Logistics Market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Green Logistics Services products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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