Green/Sustainable Logistics Market Size is valued at USD 1,112.9 Bn in 2023 and is predicted to reach USD 1,972.7 Bn by the year 2031 at a 7.70% CAGR during the forecast period for 2024-2031.
Green/Sustainable Logistics is the process of incorporating environmental considerations into logistical processes and supply chain management practices to achieve sustainability. State-of-the-art strategies and technologies must be implemented to reduce trash generation, energy consumption, carbon emissions, and other adverse environmental effects associated with the transportation and logistics industry. Its primary points are supplying chain optimization, energy efficiency, environmentally friendly packaging, and efficient transportation.
The closure and social distance effects have led to a rise in online shopping compared to traditional retailing. The increasing demand for FMCG and healthcare products, such as hospital supplies, gloves, sanitizers, immunizations, and perishable food items, was another factor propelling the development of Green/Sustainable Logistics during the pandemic.
Competitive Landscape
The Global Green/Sustainable Logistics Market includes some of the major players:
- Agility Public Warehousing Company K.S.C.P.
- ARK India
- Bollor SE
- CEVA Logistics
- Deutsche Post DHL Group.
- DSV
- FedEx Corporation
- GEODIS
- Go Green Logistics
- Gosselin Logistics
- Green Logistics LLC
- States Logistics Services, Inc
- The Green Group
- United Parcel Service of America, Inc.
- Westerman Multimodal Logistics
- XPO Logistics, Inc.
- YUSEN LOGISTICS CO., LTD.
- Other Prominent Players
Market Segmentation:
The green/sustainable Logistics Market has been segmented by business type, mode of operation, and end use. Business type segment includes transport, warehouse, distribution, and value-added services. Mode of operation segment comprises storage, airways distribution, railways distribution, roadways distribution, seaways distribution, and others. End use segment includes Healthcare, Manufacturing, Automotive, Banking and financial services, Retail and E-Commerce, and Others.
The Manufacturing Segment Will Maintain Its Leadership Status In The Green/Sustainable Logistics Market Throughout The Forecast Period.
The organization states that the largest market share belonged to the manufacturing sector in the primary industry segment, which generated about one-third of the worldwide revenue for Green/Sustainable Logistics. Due to the rising need to obtain raw materials and deliver them to manufacturers for manufacturing, it is projected to increase throughout the course of the forecast year. However, because multimodal transportation is becoming more and more popular and e-commerce platforms are becoming more and more influential, manufacturing in the retail and e-commerce sectors is expected to show the most significant growth.
Based On Business Type, The Transportation Segment Propelled Growth At The Required Rate.
The transportation sector dominates global Green/Sustainable Logistics. The thriving eCommerce sector has led to a strong demand for reverse logistics, which will propel the segment's growth throughout the projection period. Furthermore, due to the intense rivalry among logistics service providers in growing regions, the transportation sector will have access to profitable new development prospects throughout the anticipated term.
Asia-Pacific Expected to Have Significant Growth Region
In terms of worldwide market share for Green/Sustainable Logistics, Asia Pacific led. Developing countries like India are adopting new digital technologies and the fourth industrial revolution, which is driving the market growth in that region. Regional market development will also be fueled by integrated end-to-end logistics operations in nations like India throughout the forecast period. The government imposes fines for violating environmental regulations. The growing use of electric cars in this area is fueling the global Green/Sustainable Logistics business since they emit no pollutants.
Recent Development-
- In June 2023, the division of Deutsche Post AG that specializes in air and ocean freight, DHL Global Forwarding, and I.A.G.I.A.G. Cargo in Sustainable Aviation Fuel (S.A.F.S.A.F.) have established a strategic collaboration. DHL has contracted to purchase 11.5 million litres of S.A.F.S.A.F. as part of this agreement, which will help reduce transport emissions that fall under Scope 3 in 2023.
- In April 2023, a commercial electric vehicle was added to Bolloré Logistics' fleet in India, a division of Bollore SE. With its great mobility and minimal carbon footprint, it is perfect for last-mile delivery.
Green/Sustainable Logistics Market Report Scope:
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 1,112.9 Bn |
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Revenue Forecast In 2031 |
USD 1,972.7 Bn |
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Growth Rate CAGR |
CAGR of 7.70% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Business Type, Mode Of Operation, And End User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Agility Public Warehousing Company K.S.C.P., ARK India, Bollor SE, CEVA Logistics, Deutsche Post DHL Group., DSV, FedEx Corporation, GEODIS, Go Green Logistics, Gosselin Logistics, Green Logistics LLC, States Logistics Services, Inc, The Green Group, United Parcel Service of America, Inc., Westerman Multimodal Logistics, XPO Logistics, Inc., YUSEN LOGISTICS CO., LTD., and Other Prominent Players
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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