Market Research Report
Chemical Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||945195|
|Published||Content info||114 Pages
Delivery time: 2-3 business days
|Chemical Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: June 18, 2020||Content info: 114 Pages||
The global chemical logistics market is currently witnessing strong growth. Chemical logistics refers to the services that help in monitoring procurement, planning and implementation of various supply chain-related activities in the chemical industry. It also offers management of resource procurement, material flow, transportation, distribution services, warehouse and storage and other value-added services. Chemical logistics can track consumer centers and perform marking and labeling functions for various chemicals and raw materials based on their toxicological and physicochemical nature. Owing to these benefits, reliable logistics systems are a crucial component of the chemical industry as they are highly responsive, adaptable and necessary for constantly analyzing the market changes.
Significant growth in the chemical industry is one of the key factors driving the growth of the market. Furthermore, the increasing demand for automation and modernized green warehouses in the chemical industry for sustainable business operations is providing a boost to the market growth. With the growing concerns regarding energy conservation and environment protection, chemical manufacturers are increasingly investing in cost-effective warehousing solutions that combine green practices and smart technology, such as the Internet of Things (IoT), smart sensors and robotics. The vendors are also providing digital tools to automate chemical logistics and to process data with enhanced productivity, efficiency and convenience. Other factors, including increasing awareness regarding product security and safety in the chemical industry, along with extensive research and development (R&D) activities and rapid industrialization across the globe, are projected to drive the market further. Looking forward, IMARC Group expects the market to register a CAGR of around 6% during 2020-2025.