According to the latest report by IMARC Group, titled “Chemical Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global chemical logistics market reached a strong growth in .Chemical logistics refers to a service that is provided in the chemical industry for planning, implementing and monitoring procurement of different supply-chain related activities. The value-added services, like management of resource procurement, material flow, transportation, warehouse and storage, are also offered under chemical logistics.
Some of the key players being Agility Public Warehousing Co., BDP International Inc., C.H. Robinson Worldwide Inc., DB Schenker, DHL Group, DSV Panalpina AS, FedEx Corp., Montreal Chemical Logistics, Schneider National Inc., Univar Inc., etc.
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The emerging trend of green warehouses is one of the key factors driving the market growth. This can be attributed to the rising need for energy conservation, along with the significant increase in the chemical industry, which has facilitated the adoption of eco-friendly and modernized green warehouses. The market is further driven by the increasing concern for the safety and security of chemicals, which has prompted chemical suppliers and distributors to adopt logistics to manage the way chemicals are stored, planned and acquired by end-users all over the world. Moreover, chemical manufacturers are continually engaging in research and development (R&D) activities and investing in cost-effective warehousing solutions that combine green practices and latest technology, such as the Internet of Things (IoT), smart sensors and robotics. Other factors, such as reduced labor and manufacturing costs, rapid industrialization, especially in the emerging economies, and the continual upgradation of cold storage infrastructure, are also significantly contributing to the market growth. Looking forward, IMARC Group expects the market to register a CAGR of around 6% during 2020-2025.
Market Breakup by Type:
Market Breakup by SWOT Analysis
Market Breakup by Service:
Competitive Landscape Key Player:
- Agility Public Warehousing Co.
- BDP International Inc.
- C.H. Robinson Worldwide Inc.
- DB Schenker
- DHL Group
- DSV Panalpina AS
- FedEx Corp.
- Montreal Chemical Logistics
- Schneider National Inc.
- Univar Inc.
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