Hazardous Goods Logistics Market size was valued at USD 285.45 Billion in 2024 and is projected to reach USD 432.39 Billion by 2035, growing at a CAGR of 12.15% during the forecast period 2024-2030.
When transporting bulk quantities of hazardous materials, government authorities demand proper labeling of every product to meet federal requirements. In 2003, the UN implemented an international system for marking hazardous materials that can cause physical, health, and environmental hazards. Hazardous materials are categorized into nine hazard classes: flammable, corrosive, and gaseous. The UN number is a mandatory four-digit number between 0004 and 3548 used to identify particular hazardous materials and dangerous goods for international shipping.
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Dangerous materials make up the majority of foreign freight, holding a lot of commonly used goods and products. A large portion of this freight has been reported to be gasoline and other petroleum fuels. The present oil boom can be caused by record expansion over the last several years through hydraulic fracturing and a government promoting a more friendly environment for fuel production. Most of the world’s oil is produced in the United States.
Hazardous Goods Logistics Market Trends
Growth in Shipment of Flammable Liquids Propelling the Market
The oil and gas, medical, nuclear power, and petrochemical sectors are some of the common uses of dangerous substances in developing or developed economies. Transport firms shipping hazardous materials must adhere to common practices for safety in their vehicles and ships. Regulations on workplace safety, dangerous products, and environmental protection also come from other federal agencies.
In the coming years, the market for hazardous product logistics will be positively impacted by increasingly stringent government regulations. The US Department of Transportation’s (DOT) Pipeline and Hazardous Materials Safety Administration (PHMSA) develops and enforces national regulations for the safe transportation of hazardous materials. When shipping hazardous materials to, from, or within the United States, it is important to adhere to the Hazardous Materials Regulations (HMR 49, Part 100-185).
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2035 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2035 |
| HISTORICAL PERIOD | 2020-2024 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Deutsche Post DHL Group, DSV, Ceva Logistics, Bolloré Logistics, DB Schenker, YRC Worldwide Inc., FedEx, UPS, TNT Express, Hellmann Worldwide Logistics. |
| SEGMENTS COVERED | By Transportation Mode, By Service Type, By End-Use Industry, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Hazardous Goods Logistics Market, By Transportation Mode
Road Transportation Comprises the transport of hazardous goods through trucks, tankers, or other road vehicles.
Rail Transportation Comprises the transport of hazardous materials by trains.
Sea Transportation Comprises shipping hazardous goods through cargo vessels or specialized carriers.
Air Transportation Comprises the transport of hazardous materials through air freight.
Hazardous Goods Logistics Market, By Service Type
Transportation Services Comprises carriers and logistics operators offering transportation services for hazardous materials.
Storage and Warehousing Facilities that are capable of storing and handling hazardous materials in a safe way.
Packaging Services Comprises companies that offer proper packaging of hazardous materials.
Hazardous Goods Logistics Market, By End-Use Industry
Chemical Industry Specialized transportation and logistics for hazardous chemicals.
Oil & Gas Industry Specializes in the transportation of hazardous materials for the oil and gas industry.
Pharmaceuticals Deals with the transportation of dangerous goods utilized in the pharmaceutical sector.
Asia-Pacific Dominates the Market
The Capacity Building Course on Encouraging Safety for Dangerous Goods Transport in the APEC Region, including the workshop, was conducted online in Phuket during December 1 to 2, 2022. The course had a total of 53 participants representing 11 APEC member economies, i.e., China, Japan, the Republic of Korea, Malaysia; Peru, the Philippines, Singapore, Chinese Taipei, Thailand, the United States; and Vietnam and three Non-APEC economies, i.e., Cambodia, Sri Lanka, and France, and representatives of relevant international organization, regional agencies, port authorities, universities, research institutions, professional associations, and private sectors. During the fiscal year 2022, the number of hazardous goods containers at Bangkok Port was 38,545 TEUs.
The greatest quantity of dangerous goods containers was in Class 9 (14,034 TEUs), then Class 3 (9,489 TEUs). Conversely, the lowest quantity of dangerous goods containers was in Class 6.1 (3,083 TEUs). Likewise, the overall quantity of hazardous goods containers in Laem Chabang Port was 174,938 TEUs. The most in hazardous goods containers were in Class 9 (59,734 TEUs) followed by Class 3 (42,606 TEUs). Major petrochemical development on large scales has brought down the gasoline demand. Due to this reason, additional dangerous goods, i.e., oil and gas, are transported in the nation by using trucking services.
The United States will emerge as the biggest oil-producing nation in the world in five years, outpacing even Saudi Arabia and Russia.
Shipping operators play a vital role in the oil and gas sector to transport their products to customers globally. Such market patterns ought to see the hazardous goods logistics market grow. Relevant legislations and laws should package perilous materials. There is also the need to employ labels or other identification signs on cargo vessels while shipping dangerous substances. This would go a long way to increase transit security.
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Hazardous Goods Logistics Market News
September 2023: BlackBerry Limited announced it launched the H2M IS line of BlackBerry Radar® products, which are designed for carriers of hazardous materials. An ‘Intrinsically Safe’ certification marking backs the new series, enabling BlackBerry Radar, an asset-tracking solution, to market to transportation and logistics businesses that handle dangerous goods, like railroads, fuel carriers, tank carriers, and ocean lines.
June 2023: Transport Canada provided Drone Delivery Canada Corp. (DDC) with permission to operate Beyond Visual Line-of-sight (BVLOS) for its Care by Air drone delivery route in connection with transporting dangerous goods. This is a decisive milestone in the development of its drone delivery operations within the healthcare sector, DDC claims, as per DDC. Deliver Canada certifies DDC to transport Class 7 hazardous materials via BVLOS flights within the Golden Horseshoe and Southern Ontario areas. Source: https://www.mordorintelligence.com/industry-reports/hazardous-goods-logistics-market
