16-Aug-2022 | Facts and Factors
According to Facts and Factors, the global green logistics market was worth USD 1,038.5 billion in 2021 and is estimated to grow to USD 1481.5 billion by 2028, with a compound annual growth rate (CAGR) of approximately 6.10% over the forecast period. The report analyzes the green logistics market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the green logistics market.
The most anticipated and innovative trend for 2021 is green logistics. This is due to both climate change and consumers' growing environmental consciousness and the need for cleaner choices for the globe. Green logistics is an organization's effort to reduce environmental harm brought on by its logistical activities. To get the energy star rating and other environmental certifications, which are crucial for the firm to function in the market, logistics companies must adhere to a set of requirements. Ice caps, glaciers, and the weather are all suffering as a result of global warming. Companies are focused on green logistics to protect the environment as a result of the rise in sea levels brought on by the melting of the ice caps and glaciers.
Browse the full “Green Logistics Market Size, Share, Growth Analysis Report By Organisation Size (Large Enterprises, Small and Medium Enterprise), By Supply Chain Process (Transportation, Inbound Logistics, Outbound Logistics, Disposal and Reverse Logistics, Warehousing and Material Handling, Packaging), By Industry (Retail Consumer Goods, Semiconductor and Electronics, Chemical and Material, Automotive, Energy and Utilities, Farming and Agriculture, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/green-logistics-market
Businesses go green to get a competitive edge by being sustainable. In some ways, saving time and money, reducing resource consumption, improving logistical and operational efficiency, and improving business reputation are just a few of the advantages that come with helping the environment. The green logistics market's main objectives include decreased carbon emissions, a switch to more environmentally friendly containers and packaging, the use of transportation methods with a lower carbon footprint, and an increasingly effective supply chain process that minimizes the company's environmental impact.
The transportation industry throughout the world adopted stringent environmental regulations as a result of all these worries. Since commercial vehicles are a significant contributor to environmental pollution, there are strict rules governing their use on public roads. All of these considerations are pushing multinational logistics firms to implement environmentally friendly policies, such as using electric vehicles in their fleet of transportation, which is growing the global green logistics market.
The global green logistics industry is growing in size as a result of global logistics companies switching to clean energy vehicles, such as electric vehicles, as a result of the increase in fuel prices. The demand for the global green logistics market is being driven by society's increased emphasis on ecologically friendly products, which is why businesses are emphasizing green logistics to get a competitive edge over their rivals. The global market for green logistics is growing as digitization becomes more pervasive in global logistics. Digital logistics is the use of electronic media to communicate with supply chain stakeholders without using paper. By grouping shipments together, manufacturers may use digital logistics to deliver their products to customers with less waste and a reduced carbon footprint. Future market growth for green logistics is predicted to be fueled by an increase in artificial intelligence (AI) adoption in the global logistics sector. The government penalties for failing to uphold the environmental standards set for businesses are another factor pushing the global green logistics market.
The global Green logistics market is segregated based on deployment, component, fleet type, and region. Based on organization size, the market is segregated into large enterprises & small and medium enterprises. In 2021, the large enterprise segment dominated the global green logistics. Based on the supply chain process, the market is segregated into transportation, inbound logistics, outbound logistics, disposal and reverse logistics, warehousing and material handling and packaging. In 2021, the transportation category dominated the global green logistics. Based on the industry, the market is segmented into retail consumer goods, semiconductors and electronics, chemical and material, automotive, energy and utilities, farming and agriculture and others. In 2021, the automotive segment will dominate global green logistics.
The global green logistics market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The Asia Pacific dominated the global market for green logistics in 2021. As developing nations such as India adapt to the fourth industrial revolution and embrace new digital technologies, the region's market is expanding. Furthermore, end-to-end logistics integration in countries such as India will boost regional market expansion during the forecast period. Government penalties are levied for failing to meet environmental criteria set for enterprises. The global green logistics business is being driven by an increase in the usage of electric vehicles in this region due to their low environmental impact.
Market Size in 2021
USD 1,038.5 Billion
Projected Market Size in 2028
USD 1481.5 Billion
CAGR Growth Rate
Key Market Players
20 cube Logistics Pte Ltd, AI Futtaim Logistics, Hupac Group, KLG Europe, Mahindra Logistics Ltd., Express Freight Management, Bollore Logistics, Bowling Green Logistics DHL International GmbH, Fujitsu Limited, Go Green Logistics, Peter Green Chilled, The Green Group, Transervice Logistics Inc., United Parcel Service of America, Inc, Westerman MultiModal Logistics, and Others
By Organization Size, Supply Chain Process, Industry, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Key players in the global green logistics market include 20 cube Logistics Pte Ltd, AI Futtaim Logistics, Hupac Group, KLG Europe, Mahindra Logistics Ltd., Express Freight Management, Bollore Logistics, Bowling Green Logistics DHL International GmbH, Fujitsu Limited, Go Green Logistics, Peter Green Chilled, The Green Group, Transervice Logistics Inc., United Parcel Service of America, Inc and Westerman MultiModal Logistics.
Global Green Logistics Market is segmented as follows:
By Organization Size
- Large Enterprises
- Small and Medium Enterprise
By Supply Chain Process
- Inbound Logistics
- Outbound Logistics
- Disposal and Reverse Logistics
- Warehousing and Material Handling
- Retail Consumer Goods
- Semiconductor and Electronics
- Chemical and Material
- Energy and Utilities
- Farming and Agriculture
- North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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