Chemical Logistics Industry Will Reach US$272.8 Billion By 2027
According to IMARC Group’s latest research report, titled “Chemical Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, offers a detailed analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand current and future market scenarios.
The global chemical logistics market reached a value of US$219.9 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$272.8 billion by 2027 , posting a CAGR of 3.6% in 2022-2027. Chemical logistics is the services that help in the planning and implementation of various activities related to supply chain and purchase tracking in the chemical industry. They contribute to the monitoring of consumption centers and to the functions of marking and labeling of various chemical products on the basis of their physico-chemical and toxicological nature. In addition, it also involves the management of resource supply, transportation, warehousing and storage, material flow, and distribution services. Since chemicals are considered an essential part of various industries and they are highly adaptable, reactive and necessary for constant analysis, there has been a huge increase in the implementation of efficient chemical logistics at worldwide.
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Global Industry Growth Analysis:
The significant growth of the chemical industry is the main driver of the global market. This can be attributed to the increasing use of chemicals in the production of many food, pharmaceutical and everyday products. Since the transport of these chemicals requires special attention during handling, storage and transport storage to avoid safety hazards, such as spoilage and contamination, this is driving the demand for chemical logistics. In addition to this, the widespread adoption of modernized green warehouses in the chemical industry for sustainable business operations is significantly supporting the growth of the market. Additionally, the advent of digital tools to automate chemical logistics and process data with increased efficiency and productivity is creating positive market prospects. Some of the other factors driving the growth of the market include rapid industrialization and numerous government initiatives to improve safety standards for efficient handling of chemicals.
Key Players Included in the Global Chemical Logistics Market Research Report:
• Agility Public Warehousing Co.
• BDP International Inc.
• CH Robinson Worldwide Inc.
• DB Schenker, DHL group
• DSV Panalpina AS
• FedEx Corp.
• Chemical Logistics Montreal
• Schneider National Inc.
• Univar Inc., etc.
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Key Market Segmentation:
Breakdown by type:
Breakdown by department:
Breakdown by region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Table of Content of Chemical Logistics Market Research Report:
• Scope and methodology
• Global chemical logistics market
• SWOT analysis
• Value chain analysis
• Price analysis
• Competitive landscape
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