The global green logistics market is expected to grow at a CAGR of 6.10%, reaching over $1481.5 billion by 2028, according to Facts and Factors.

Facts and Factors' research report "Green logistics market size" analyzes the driving factors and limitations of this market. In addition, the report also outlines the impacts and opportunities of green logistics throughout the forecast period.

Green logistics is the future trend.

The most innovative and anticipated trend in 2021 is green logistics driven by climate change and the growing environmental consciousness of consumers. The green logistics process is an effort by organizations around the world to reduce the harmful effects of emissions on the environment from logistics activities. Companies are focusing on green logistics due to rising sea levels from melting ice caps. To be certified to contribute to the environment, logistics companies also have to comply with a number of requirements.

Businesses go green to gain competitive advantage by being sustainable. In a number of ways, they can save time, money, reduce resource consumption, improve operational efficiency, improve business reputation, etc. In which, the main goals of green logistics are to reduce carbon footprint, switch to more eco-friendly containers and packaging, use lower carbon transport methods...

The global green logistics industry is growing in size as companies switch to clean energy vehicles such as electric vehicles. The demand for green logistics is being driven by society's increasing emphasis on environmentally friendly products. Therefore, green logistics can be seen as a competitive advantage among companies.

Besides, the global green logistics market is growing as digitalization becomes more popular. Digital logistics uses electronic means to communicate with stakeholders in the supply chain, without the use of paper. By grouping shipments together, manufacturers can use digital logistics to deliver products to customers in a more environmentally friendly manner.

Future market growth is predicted driven by the increasing application of artificial intelligence (AI). The global green logistics market is divided into regions: North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific is the fastest growing green logistics region in 2021.

In particular, developing countries like India quickly adapt to the 4th industrial revolution and embrace new digital technologies. Furthermore, end-to-end logistics integration in countries like India will drive regional market expansion during the forecast period.

Phi Hung (Source: Globe Newswire)