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 is currently witnessing strong growth. Chemical logistics include various services that aid in transporting raw materials and final products pertaining to the chemical industry to numerous consumer centers and companies. These services aid in closely monitoring procurement while planning and implementing various supply chain-related activities. They offer comprehensive value-added solutions, along with proper management of resource procurement, material flow, distribution services, and warehouse and storage. They ensure special care in handling, transporting, and storing chemical goods to prevent safety hazards, including combustion, contamination, and spoilage. They also assist in the transportation of hazardous substances with or without temperature controls while complying with safety standards. Apart from this, carrier management, employee training courses and long-term quality checks form essential components of the logistics system.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Chemical Logistics Market Trends:
The global market is primarily driven by significant growth in the chemical industry. A reliable and efficient logistics system is the most crucial component of the industry as they enable easy adaptation to the continually evolving market changes and trends. This, in turn, creates a need for efficient chemical logistics solutions, which is creating a positive outlook for the market. Apart from this, there has been an increasing requirement for modernized green warehouses in order to run sustainable business operations efficiently. This is supported by the enhanced focus on sustainable development and the growing concerns for energy conservation. Furthermore, the market is driven by the growing preference for automation across the chemical industry, including its logistics operations. As a result, several players are adopting smart technology and digital tools to facilitate functions with enhanced efficiency, productivity and convenience. They are continually integrating their systems with robotics, smart sensors and the Internet of Things (IoT) to streamline the overall supply chain processes, which is expected to drive the market further. Some of the other factors contributing to the market growth include rising concerns regarding product security and safety in the chemical industry and extensive research and development (R&D). On account of the aforementioned factors, the market is expected to register a CAGR of around 6% during 2020-2025.
Market Summary:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-702-409-7331 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com