info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Adoption of green logistics and sustainable practices are expected to drive market expansion soon at a CAGR of 4.04% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Chemical Logistics Market”that contains information from 2019 to 2032.


The Global Chemical Logistics Market is estimated to register a CAGR of 4.04% during the forecast period of 2024 to 2032.


MRFR recognizes the following companies as the key players in the Global Chemical Logistics Market— Maersk Logistics, Expeditors, CH Robinson, Kerry Logistics, DP World Logistics, Hellmann Worldwide Logistics, Agility Logistics, Kuehne + Nagel. DSV, Geodis, GXO.


Market Highlights


The Global Chemical Logistics Market is estimated to register a CAGR of 4.04% during the forecast period and is estimated to reach USD 388.13 Billion by 2032.


The market for chemical logistics, both in terms of revenue and growth rates, is likely to witness significant advancements in the near future due to the growing need for chemicals in other industries. This demand is supported by the increasing utilization of chemicals in industries such as pharmaceuticals, agriculture, F&B, construction, and automotive, which all influence the growth of chemical logistics in one way or another.


One such source of sustenance towards achieving this is the surging pharmaceutical industry, which needs a regular chain of chemicals and other raw materials to proceed. It is noted that the pharmaceutical industry has experienced a very high demand for active pharmaceutical ingredients (APIs) and Excipients', especially after the COVID-19 pandemic. As the world's population continues to rise and get old, the consumption of medicines and other health-related products is also on the rise, which creates a demand for the provision of chemical infrastructures that are reliable and effective. Such logistics services are engaged to ensure adequate measures are undertaken in transporting chemicals considered sensitive and harmful to the health and environment in compliance with strict regulations.


In the field of agriculture, the market for agro-chemicals like fertilizers, pesticides, and herbicides constitutes yet another major factor driving the growth of chemical logistics. As the global population is expected to grow to close to 10 billion by the year 2050, the need for food cultivation is increasing, which requires the application of sophisticated agricultural chemicals for better crop yield and pest control. These chemicals also require specialized logistics, which further adds to the size of the general chemical logistics market. Further, the focus on sustainable agricultural practices and bio-based chemistry offers new markets and new problems for transport organizations that must meet this changing market's requirements.


Although boosting the chemical logistics market development areas has been made possible by the uprising of the demand for chemicals in other industries, they are, faced with numerous challenges due to the ever-growing compliance obligations to domestic and international regulations. Such regulations, enacted to guarantee safe packaging, shipping, storage, or usage of the chemicals, may serve as an obstacle and sometimes can serve as a means of improving the industry. Since the legal environments tend to differ a lot from one country to the other, logistics companies must operate within very delicate circumstances, from which some degree of flexibility in operations, cost-efficiency, and eventually, marketing growth by the end of the assessment period will be curtailed.


Access full report @ https://www.marketresearchfuture.com/reports/chemical-logistics-market-11585


Segment Analysis


The Global Chemical Logistics Market has been segmented based on service type, chemical type, and end use.


By Service Types, Chemical Logistics (3PL) market was segmented into Transportation Management, Warehousing and Distribution, Customs Brokerage and Compliance, Specialized Services, and Value-Added Services. The chemical logistics market, particularly within the Transportation Management segment, is poised for steady growth from 2024 to 2032, driven by various factors across different transport subtypes. In 2024, the market for Transportation Management in chemical logistics is projected to reach $99.67 billion, with expectations to grow to $159.81 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 4.39%. This growth is supported by increasing global trade, advancements in supply chain technologies, and the rising complexity of chemical transportation needs.


By Chemical Type, the market is segmented into Basic Chemicals, Specialty Chemicals, Agrochemicals, Pharmaceutical Chemicals, Petrochemicals, Other Types. Basic chemicals, also known as commodity chemicals, are produced in large quantities and serve as the building blocks for various chemical processes and products. This category includes both inorganic and organic chemicals. Inorganic chemicals consist of acids, alkalis, salts, and other compounds used in various industries such as manufacturing, agriculture, and water treatment. Organic chemicals, on the other hand, are primarily derived from petrochemical feedstocks, such as ethylene, propylene, and methanol, which are essential for producing plastics, synthetic rubber, and other materials.


The demand for basic chemicals is primarily driven by their widespread use across multiple sectors, including construction, automotive, textiles, and consumer goods. Growing urbanization and industrialization, especially in developing regions like Asia-Pacific, are significant factors propelling demand for these chemicals. Additionally, the rising need for sustainable products and materials is pushing innovation in the production of eco-friendly organic chemicals, thereby stimulating demand in this segment. In 2023, the global market size for basic chemicals is estimated to be around USD 1.2 trillion, driven by a robust increase in demand from sectors such as manufacturing, automotive, and consumer goods. Top logistics companies providing services to this segment include Maersk Logistics, Expeditors, CH Robinson, and Kuehne + Nagel, which offer transportation, warehousing, bulk handling, and regulatory compliance services. The compound annual growth rate (CAGR) for basic chemicals logistics is projected to be around 4.37% from 2024 to 2033, driven by rapid industrialization and increasing consumer demand worldwide.


By End-Use, market is segmented into Agriculture, Pharmaceuticals, Manufacturing, Oil and Gas, Food and Beverage, Consumer Goods, Other End-Use. The agriculture sector is a foundational pillar in the global chemical logistics market, necessitating the extensive use of agrochemicals like fertilizers, pesticides, and herbicides. As the global population expands, the demand for food production intensifies, directly correlating with the need for agrochemicals. In 2023, the market for chemical logistics in agriculture was valued at USD 27.29 Billion and is projected to grow to USD 28.10 Billion in 2024, ultimately reaching USD 37.39 Billion by 2032. The sector is expected to grow at a steady CAGR of 3.63% from 2024 to 2032. This growth is primarily driven by the ongoing need to enhance agricultural productivity and meet global food security demands. Agrochemicals are critical for optimizing crop yields, making their timely and efficient transportation essential. The logistics involved require specialized handling, storage, and transportation capabilities to prevent contamination and maintain the effectiveness of these chemicals. Furthermore, the shift towards sustainable farming practices is expected to spur the demand for bio-based agrochemicals, further complicating logistics requirements. Regionally, Asia-Pacific is a significant market for agricultural chemicals due to its large agricultural base, followed by North America and South America. The focus on enhancing supply chain efficiency, coupled with stringent environmental regulations, will shape the future logistics strategies in this sector.


Regional Analysis


The report on the Global Chemical Logistics (3PL) Market has been segmented based on regions such as Europe, North America, Asia-Pacific, South America, Middle East & Africa.


North America is the largest regional market for chemical logistics, reflecting its significant industrial base and established infrastructure. In 2023, the market was valued at USD 101.47 billion, with projections to reach USD 104.32 billion in 2024 and grow to USD 137.01 billion by 2032. The region is expected to grow at a CAGR of 3.47% from 2024 to 2032. This growth is driven by the robust demand for chemicals in industries such as manufacturing, oil and gas, pharmaceuticals, and consumer goods. The United States is a major hub for chemical production and consumption, requiring advanced logistics solutions to handle the volume and complexity of chemical shipments. Canada also plays a vital role, particularly in the oil and gas sector, where chemical logistics is crucial for operations in the Alberta oil sands and other regions.


Europe is another significant market for chemical logistics, supported by a well-established chemical industry and stringent regulatory standards. In 2023, the market size was USD 66.79 billion, with expectations to grow to USD 68.64 billion in 2024 and reach USD 89.89 billion by 2032, at a CAGR of 3.43% from 2024 to 2032. The demand for chemical logistics in Europe is driven by key industries such as pharmaceuticals, automotive, and manufacturing, which require reliable and efficient transportation of chemicals. Germany, the largest chemical producer in Europe, along with France, the United Kingdom, and Italy, are major contributors to the market. The logistics providers in this region must navigate a complex regulatory environment, ensuring compliance with European Union (EU) standards for chemical safety and environmental protection.


Key Findings of the Study



  • The Global Chemical Logistics Market is expected to reach USD 388.13 Billion by 2032, at a CAGR of 4.04% during the forecast period.

  • The North America region accounted for the fastest-growing global market.

  • Maersk Logistics, Expeditors, CH Robinson, Kerry Logistics, DP World Logistics, Hellmann Worldwide Logistics, Agility Logistics, Kuehne + Nagel. DSV, Geodis, GXO.


 

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Companies Covered 15
Pages 111
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.