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Green/Sustainable Logistics Market to reach over $1.97 Trillion by the year 2031 - Exclusive Report by InsightAce AnalyticJERSEY CITY, N.J., March 19, 2024 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Green/Sustainable Logistics Market Size, Share & Trends Analysis Report By Business Type (Transport, Warehouse, Distribution, Value-Added Services), Mode Of Operation (Storage, Airways Distribution, Railways Distribution, Roadways Distribution, Seaways Distribution), And End Use (Healthcare, Manufacturing, Automotive, Banking And Financial Services, Retail And E-Commerce), Region, Market Outlook And Industry Analysis 2031"  The Global Green/Sustainable Logistics Market is estimated to reach over USD 1,972.7 Bn by 2031, denoting a CAGR of 7.70% during the forecast period of 2024-2031. Green/Sustainable Logistics Market Report Scope:
Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/2399 The term "sustainable logistics," sometimes known as "eco-logistics," is incorporating environmental factors into supply chain management and logistics procedures to reduce environmental impact and advance sustainability. To achieve sustainability, companies must adapt their supply chain management processes to make more efficient use of resources. This idea extends beyond the environmental footprint to include the economic and social sustainability of a company's logistics activities. The goal is to minimize the negative externalities associated with business activities for the environment, the economy, and society as a whole. The expansion of the green/sustainable logistics market share is driven by factors like the rise in EV adoption in the logistics sector and the increase in corporate social responsibility (CSR) efforts by logistics organizations. Furthermore, the green/sustainable logistics industry is boosting due to the spike in EV use in the logistics sector. However, the market's expansion is hampered by the growing reliance on fossil fuels for transportation. List of Prominent Players in the Green/Sustainable Logistics Market:
Market Dynamics: - Drivers- Since electric cars (EVs) have the potential to produce less pollution and motor noise than conventional internal combustion vehicles (ICVs), their adoption in city logistics has accelerated in recent years. This move towards electric vehicles is consistent with logistics' growing emphasis on eco-friendly methods. Additionally, logistic firms have taken aggressive steps to reduce their environmental impact as businesses prioritise sustainable practices. Due to its historical reliance on oil and other fossil fuels, goods transportation has made shippers' and logistics businesses' operating costs much higher. Additionally, it adds to the emissions of harmful substances such as particulate matter, nitrogen oxides, carbon dioxide, and black carbon. Communities close to ports and freight hubs face health hazards as a result of these emissions, which are significant contributors to climate change. Challenges- The primary obstacles that deter potential investors include reliance on fossil fuels, namely for transportation, a lack of infrastructure, and the high costs associated with adopting green procurement. The costlier green procurement is anticipated to be the main obstacle facing the Green/Sustainable Logistics Market. The time-consuming process of measuring carbon emissions and producing reports on them is hindering the demand for sustainable logistics in the global market. Regional Trends: In terms of worldwide Green/Sustainable Logistics Market share, Asia Pacific led. Growing countries like India are embracing new digital technologies and embracing the fourth industrial revolution, which is driving the expansion of the region's market. Regional market expansion will also be fueled by integrated end-to-end logistics operations in nations like India over the projection period. If environmental criteria are not met, fines are enforced by the government. Because electric cars emit no emissions into the environment, their use is increasing in this region, which is driving the global sustainable logistics business. Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/2399 Recent Development-
Segmentation of Green/Sustainable Logistics Market - By Business Type
By Mode of Operation
By End-user
By Region- North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
For More Customization @ https://www.insightaceanalytic.com/customisation/2399 Why should buy this report:
Other Related Reports Published by InsightAce Analytic: Healthcare Cold Chain Logistics Market Vaccine Cold Chain Logistics Market About Us: InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner. Contact US: InsightAce Analytic Pvt. Ltd. Logo: https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg
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