#Hazardous #Goods #Logistics #Market #Reach #Billion
Portland, OR, Oct. 04, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global hazardous goods logistics market generated $200 billion in 2021, and is projected to reach $382.9 billion by 2031, growing at a CAGR of 7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Hazardous Goods Logistics Industry Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $200 billion |
| Market Size in 2031 | $382.9 billion |
| CAGR | 7% |
| No. of Pages in Report | 424 |
| Segments Covered | Operation, Business Type, Product, Application, and Region. |
| Drivers | Implementation of strict laws pertaining to use of hazardous goods logistics. |
| Increase in use of drones for delivering hazardous goods. | |
| Thriving oil and gas industry. | |
| Opportunities | Rise in demand for hazardous waste management activities for preventing ecological degradation. |
| A large number of countries have enforced stringent legislations for inadequate storage and improper disposal of hazardous waste. | |
| Escalating need for medical waste management and shift toward nuclear energy. | |
| Restraints | High risks are associated with hazardous goods transport and storage. |
| Huge transportation costs associated with transport of hazardous goods logistics. |
COVID-19 Scenario:
- The outbreak of the COVID-19 had negatively impacted the growth of the global hazardous goods logistics market,…
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