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The Hazardous Goods Logistics Market is anticipated to register a CAGR greater than 6% during the forecast period. COVID-19 has a significant favorable impact on the global commerce of medical and pharmaceutical products such as sanitizers, vaccines, and other such items. Weak global demand, supply chain disruptions, reduced consumer spending, and reduced tourism are all leading to significant losses in both trade and GDP. The chemicals and petrochemicals industries were influenced by the record low oil prices in 2020. Lockdowns have resulted in lower demand for fuels, which has resulted in lower production of several chemicals that are often exclusively produced through coproduction processes. In 2020, overall organic chemical commerce was 10% lower than in 2019.
Propylene is the world's second-largest chemical by volume. Northeast Asia dominates the global propylene commerce. In 2019, the region exported 52 percent of global goods and imported 61 percent of global goods. About 87 percent of regional propylene imports have come from China. China was the world's largest importer of crude oil (USD 204 billion) in 2019.
In 2020, Germany (EUR 48 billion), the Netherlands (EUR 37 billion), and Belgium (EUR 36 billion) imported more than EUR 30 billion of chemicals from outside the European Union. In 2020, five European Union member states exported more than EUR 30 billion worth of chemicals outside of the Europe Union. Germany (EUR 105 billion), Ireland (EUR 55 billion), Belgium (EUR 51 billion), France (EUR 45 billion), and the Netherlands (EUR 41 billion) were the top five. In 2020, Germany had the greatest chemical trade surplus of any EU member state (EUR 57 billion), followed by Ireland (EUR 40 billion), France (EUR 30 billion), and the United Kingdom (EUR 30 billion) (EUR 26 billion). Romania had the highest budget deficit (EUR 1 billion).
Scope of the Report
Corrosive, flammable, explosive, spontaneously combustible, poisonous, oxidizing, or water-reactive compounds are classified as hazardous goods. These goods have the potential to be lethal, causing serious injury or death to people, as well as causing damage to property and the environment. Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination.
A comprehensive background analysis of the Hazardous Goods Logistics Market covering the current market trends, restraints, technological updates, and detailed information on various segments, the competitive landscape of the industry, and the impact of COVID-19 has also been incorporated and considered during the study.
Hazardous Goods Logistics Market is segmented by Service (Transportation, Warehousing and Distribution, Value-added Services), by Destination (Domestic, International), by Geography (Asia-Pacific, North America, Europe, Latin America, Middle East & Africa). The report offers market size and forecasts for the market in value (USD billion) for all the above segments.
|Warehousing and Distribution|
|Middle-East and Africa|
Key Market Trends
Production and International Trade of Chemicals from Europe Boosting Hazardous Logistics Market
Road freight transport is the prime mode of transport in Europe. Concerning road transport, the transport of dangerous goods in the European Union (EU-28) continued to increase between 2009 and 2019, and the overall value of solid chemical manufacturing climbed by EUR 221 billion. The average annual growth rate from 2009 to 2019 was 4.2 percent, resulting in a peak of EUR 644.4 billion in 2020, up slightly from EUR 641.9 billion in 2019. Chemical imports into the European Union have increased from EUR 154 billion in 2010 to EUR 233 billion in 2020. During the period 2015–2020, the European Union's chemical trade surplus grew from EUR 126.6 billion in 2015 to EUR 178 billion in 2020. When it comes to key international players in the chemicals trade, the European Union topped the list in 2020 with a total trade of EUR 644.4 billion, made up of EUR 411.4 billion in exports and EUR 233 billion in imports, resulting in the greatest trade surplus (EUR 178.4 billion).
The United States was the top importer (EUR 243 billion) and the second-largest exporter (EUR 201 billion). With EUR 196 billion in imports and EUR 145 billion in exports, China was the third-largest importer and exporter in the world. In 2020, the European Union's three major chemical export and import partners were the United States, Switzerland, and the United Kingdom. The EU had a trade surplus with eight of its ten largest trading partners, including the United States (EUR 61 billion), Russia (EUR 13 billion), and the United Kingdom (EUR 11 billion). Trade deficits with Switzerland (EUR 13 billion) and South Korea were recorded (EUR 2 billion). Due to the impact of covid-19, the main product group in the chemical trade will be 'Medical and pharmaceutical products in 2020. It has a 52 percent share of exports and a 40 percent share of imports. The only other group with a share of more than 10% is 'Organic chemicals,' which accounts for 12% of exports and 23% of imports.
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Growth in Trade of Australian Organic Chemicals
With a GDP of about USD 1.5 trillion, Australia is the world's 13th largest economy. It is also the world's 24th largest exporter and importer, with a positive trade balance of USD 28.7 billion in 2020. Australia's largest trading partner is China, although Japan and the United States are among the country's top five export and import partners. In 2020, Australia exported USD 17.6 billion in petroleum gas and USD 5.78 billion in crude petroleum, while importing USD 18.5 billion in refined petroleum and USD 9.25 billion in crude petroleum.
Australia's total organic chemical trade is valued at USD 2.87 billion in 2020, up from USD 2.84 billion in 2019. Imports account for the majority of the total trade of Organic chemicals. Total imports in 2020 were USD 2.36 billion, up from USD 2.18 billion in 2019. China was the main trade partner in 2020, with imports worth USD 860 million, followed by France (USD 404 million) and the United States (USD 170 million). The volume of crude oil exported from Australia increased significantly, from 14.74 thousand megaliters in 2019 to 16.91 thousand megaliters in 2020, with Indonesia and Singapore as the top export destinations. Despite this, Australia is a net crude oil importer. The crude oil refined in the country is mostly imported from Asia, Africa, and the Middle East, and it accounts for the majority of the oil processed at the country's refineries.
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The Hazardous Goods Logistics Market is fragmented in nature with a mix of global and local players. Some of the strong players include DHL, DSV, Ceva Logistics, Bollore Logistics, and DGD Transport. Contracts, collaborations, joint ventures, and partnerships are among many other strategies that have been implemented by these players to stay ahead of the competition and meet the expanding needs of their clients. Furthermore, they are engaging in research and development operations to strengthen their portfolios and gain market share. The capabilities of local players in terms of technology, items handled, service offered, and inventory management are all improving. With the tightening of hazardous goods logistics regulations, an increasing number of freight forwarding businesses have emerged that can provide competent hazardous goods logistics full chain services independently.
June 09, 2021: Tellurian Inc has signed a sales and purchases agreement (SPA) with Vitol Inc for a USD 12 billion liquid nitrogen gas deal. The contract is for three million tonnes per year at Driftwood LNG on a free on board basis for 10 years, indexed to a mixture of two indices: the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF).
June 03, 2021: Baker Hughes Company and PJSC Lukoil have signed an agreement to strengthen their global partnership. The deal will combine Baker Hughes' diverse technology with Lukoil's deep industry expertise and global production chain to help the oil and gas industry increase efficiency, cut emissions, and boost productivity while also supporting the energy transition.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Industry Value Chain Analysis
4.3 Government Regulations and Initiatives
4.4 Brief on Dangerous Goods Classes
4.5 Review and Commentary on Goods Transport Regulations and Standards (Hazardous Materials Transportation Act (HMTA), International Air Transport Association Dangerous Goods Regulations (IATA DGR), etc.)
4.6 Focus on Key Stakeholders in Supply Chain (Freight Forwarders, Ground Handling Agents, Carriers, Advisors and Consultants, etc.)
4.7 Key Information - Documentation, Special Permissions, and Safety Checklists
4.8 Spotlight - Equipment and Accessories Associated with Transport of Dangerous Goods (Air, Sea, and Road)
4.9 Potential Risk Involved in Shipment of Hazardous Materials
4.10 Insights on Packaging
4.11 Technology Snapshot (Digitalization and Process Optimization and Management Software, e-Dangerous Goods Declaration (eDGD), etc.)*
4.12 Impact of COVID-19 on the Market
5. Market Dynamics
5.1 Market Drivers
5.2 Market Restraints/Challenges
5.3 Market Opportunities
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Bargaining Power of Buyers/Consumers
5.4.2 Bargaining Power of Suppliers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1.2 Warehousing and Distribution
6.1.3 Value-added Services
6.3.2 North America
6.3.4 Latin America
6.3.5 Middle-East and Africa
7. COMPETITIVE LANDSCAPE
*List Not Exhaustive
7.1 Overview (Market Concentration and Major Players)
7.2 Company Profiles
7.2.3 Ceva Logistics
7.2.4 Bollore Logistics
7.2.5 DGD Transport
7.2.6 Toll Group
7.2.7 YRC Worldwide Inc.
7.2.8 DB Schenker
7.2.9 Hellmann Worldwide Logistics
7.2.10 Agility Logistics
7.2.11 Kuehne + Nagel
7.2.12 XPO Logistics
7.2.13 United Parcel Service
7.2.15 Rhenus Logistics*
8. Future of The Market
9.1 GDP Distribution, by Activity - Key Countries
9.2 Insights on Capital Flows - Key Countries
9.3 Global Dangerous Goods Flow Statistics
9.4 External Trade Statistics - Exports and Imports, by Product and by Country of Destination/Origin
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Frequently Asked Questions
What is the study period of this market?
The Hazardous Goods Logistics Market market is studied from 2018 - 2027.
What is the growth rate of Hazardous Goods Logistics Market?
The Hazardous Goods Logistics Market is growing at a CAGR of >6% over the next 5 years.
Who are the key players in Hazardous Goods Logistics Market?
DHL, DSV, Ceva Logistics, Bollore Logistics, DGD Transport are the major companies operating in Hazardous Goods Logistics Market.