Germany Dangerous Goods Logistics Market Size

Germany Dangerous Goods Logistics Market Analysis

The Germany Dangerous Goods Logistics Market size is estimated at USD 9.83 billion in 2024, and is expected to reach USD 12.78 billion by 2029, growing at a CAGR of 5.51% during the forecast period (2024-2029).

Germany has a well-developed and highly regulated logistics market for dangerous goods. It plays a crucial role in ensuring the safe transportation, handling, and storage of hazardous materials within the country and across borders.

In Germany, pharmaceuticals and new fine and specialty chemicals are the main focus. The dangerous goods logistics market in Germany accounts for nearly a fifth of the European market.

In Germany, the Energiewende is the process of transitioning from a hydrocarbon and nuclear-dominated economy to a low-carbon and nuclear-free economy based on renewable energy sources.

Germany has set a target of 80% of its energy supply coming from renewable sources by 2030. The 2% reduction in greenhouse gas emissions across all industrial sectors in 2022 was not enough to reach the country's 2030 climate target of reducing emissions by 55% from 1990.

The Russian energy crisis caused by the war in Ukraine increased the use of dirty coal electricity. Germany missed its 2022 GHG reduction targets for both the transportation sector and the real estate sector. To reach its 2030 target, Germany would need to triple its annual GHG reduction from 2% to 6% from 2023.

Germany relies heavily on oil and gas for electricity supply, and imports almost all of its energy. This dependency has created two sources of instability: first, global price movements have a significant impact on Germany's energy imports and end users, and second, market trends are heavily influenced by Germany's relations with some countries.

At the same time, the planned phase-out of nuclear and coal power will increase the country's reliance on gas, so it is becoming increasingly important to diversify its gas supply, including by importing more LNG.

Germany's share of electricity generated from renewable energy fed into its grid has been steadily increasing, and there have not been any notable incidents of power outages. This means that both commercial and private customers can count on a reliable and consistent energy supply, as Germany has among the lowest power outage rates in the world.