Global Hazardous Goods Logistics Market Insights Forecasts to 2033

• The Global Hazardous Goods Logistics Market Size was Valued at USD 229 Billion in 2023
• The Market Size is Growing at a CAGR of 6.96% from 2023 to 2033
• The Worldwide Hazardous Goods Logistics Market Size is Expected to Reach USD 449 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Global Hazardous Goods Logistics Market Size is Anticipated to Exceed USD 449 Billion by 2033, Growing at a CAGR of 6.96% from 2023 to 2033.

Market Overview

A product or material that has the potential to harm people's health, property, or the environment during storage or transportation is known as a hazardous good. A significant part of international transport is made up of hazardous goods, which include frequently utilized products and services including batteries, chemicals, gasoline, and biohazardous materials. Hazardous goods being transported requires extra safety precautions, cautious handling, and effective packing. For instance, in November 2023, Promoting public safety and security is a top priority for the Canada government, especially when handling or transporting hazardous materials within the country. The necessity for effective risk management while handling hazardous goods, along with safety concerns, drives the demand for hazardous goods logistics market with experience ensuring the safe transportation and delivery of these commodities. 

Several factors drive the industry, including strict new regulations have been released by international organizations, local institutions, the aviation industry, and the shipping division to improve the handling of hazardous materials. The market for hazardous goods logistics will continue to grow as a result of the taking effect of these policies. Furthermore, key market players include Agility, Bollore Logistics, Ceva Logistics, DB Schenker, DGD Transports, DHL Supply Chain, DSV, and GEODIS. The market for hazardous goods logistics is expanding as part of the rising need for hazardous goods management to protect the environment.

For instance, in May 2023, A one-stop-shop logistics solution for hazardous goods was launched by the US-based FedEx Corporation for local Cebu businesses. Single points of contact for all logistical needs provided by one-stop-shop logistics solutions could result in time and cost savings. All nine categories of hazardous materials can now be exported by local Cebu businesses due to this approach. In the projected period, the hazardous products logistics market is expected to grow at higher rates due to regulatory changes.     

Report Coverage

This research report categorizes the market for the global hazardous goods logistics market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global hazardous goods logistics market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global hazardous goods logistics market.

Driving Factors

The growth in the hazardous goods logistics market is anticipated to be driven by the expansion of oil and gas companies. The global economic sector that is engaged in the exploration, extraction, production, refining, distribution, and marketing of hydrocarbon resources mainly crude oil and natural gas is known as the oil and gas market. Because of the nature of the materials used in the processes of exploration, production, refining, and distribution, the natural gas and petroleum sector makes substantial use of hazardous goods logistics. For instance, in June 2022, The UK government's Office for National Statistics reported that gas imports totaled $24.92 billion in 2021 a substantial 312% increase from $6.10 billion in 2020. In addition, the UK's gas exports increased 167% from $1.65 billion in 2020 to $4.32 billion in 2021. Thus, the market for hazardous goods logistics is expanding as a result of the expansion of the oil and gas sector.

Restraining Factors

Certain dangerous types of goods can have restricted transportation options. Stronger restrictions on the air transportation of some hazardous goods, for instance, can reduce the available logistics options and increase costs. Moreover, governments in several countries have put strict restrictions in place concerning the incorrect handling, storing, and shipping of hazardous materials.

Market Segmentation

The global hazardous goods logistics market share is classified into service and destination.  

• The value-added services segment is expected to hold the largest share of the global hazardous goods logistics market during the forecast period.   

Based on the service, the global hazardous goods logistics market is divided into transportation, warehousing and distribution, and value-added services. Among these, the value-added services segment is expected to hold the largest share of the global hazardous goods logistics market during the forecast period. Additional services that a company provides to its customers are known as value-added services (VAS). Value-added services are a type of logistics that increase the value of product transportation. Logistics can involve labeling and packaging, among other specific handling procedures. Value-added services are often used when shipping expensive or delicate products that need special handling. VAS can be delivered digitally or physically through a range of channels, such as call centers, online marketplaces, and physical stores.   

• The international segment is expected to hold the largest share of the global hazardous goods logistics market during the forecast period.   

Based on the destination, the global hazardous goods logistics market is divided into domestic and international. Among these, the international segment is expected to hold the largest share of the global hazardous goods logistics market during the forecast period. The global market for hazardous goods logistics is dominated by the international application market. The growth of companies offering logistical support for the import and export of products such as chemicals, pharmaceuticals, and other products across different countries can be connected to this development. The market has continued to grow as a result of increasing transportation of these goods caused by growing international trade.  

Regional Segment Analysis of the Global Hazardous Goods Logistics Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global hazardous goods logistics market over the predicted timeframe.

North America is anticipated to hold the largest share of the global hazardous goods logistics market over the predicted timeframe. The North America region is expected to maintain its dominance due to factors such as a developed economy, an established infrastructure system, and a high demand for efficient logistics services. In addition, it is anticipated that during the projection period, increased commerce with Canada and Mexico will support regional growth. According to estimates from the Environmental Protection Agency (EPA), 34.9 million tonnes of hazardous waste were created previously in the United States by 23,700 companies and producers. 

Asia-Pacific is expected to grow at the fastest pace in the global hazardous goods logistics market during the forecast period. The hazardous goods logistics market in Asia Pacific was dominated by the China market, accounting for over 50% of the total. Gasoline consumption is reduced by extensive petrochemical activities. For instance, the nation is shipping more hazardous goods like gas and oil by trucking services, as a result of the growing domestic need for petrochemicals.

Europe is anticipated to hold a significant share of the global hazardous goods logistics market over the predicted timeframe. The growing need for transporting hazardous materials under these guidelines will propel market growth in this region. Threats to the Europe market expansion include the high cost of transportation and the potential for danger. Moreover, there is room for growth as new players in the market require a vehicle as they move from nuclear energy to hazardous goods logistics.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global hazardous goods logistics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BlackBerry
• FedEx Corporation
• United Parcel Service
• Hellmann Worldwide Logistics
• Rhenus Logistics
• XPO Logistics
• DGD Transport
• YRC Worldwide Inc
• Ceva Logistics
• Toll Group
• Agility Logistics
• Yusen Logistics
• Bollore Logistics
• DB Schenker
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments  

• In March 2024, The World Shipping Council (WSC) announced its intention to create a new program called Cargo Safety for the transportation of hazardous materials. National Cargo Bureau (NCB), a non-profit organization, will serve as the initiative's independent digital platform provider.  

• In September 2023, BlackBerry Limited announced the launch of the H2M IS line of BlackBerry Radar devices, intended for carriers of dangerous goods. Empowered by an 'Intrinsically Safe' certification designation, the new series can use BlackBerry Radar, an asset tracking service, to target hazardous goods-moving logistics and transportation industries, including railroads, fuel haulers, tank carriers, and ocean shipping lines.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global hazardous goods logistics market based on the below-mentioned segments: 

Global Hazardous Goods Logistics Market, By Type

• Transportation
• Warehousing and Distribution
• Value-Added Services

Global Hazardous Goods Logistics Market, By Destination

• Domestic
• International

Global Hazardous Goods Logistics Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa