Mar 04, 2020, 06:28 EST
Pune, India, Mar 04, 2020, 06:28 /Comserve / -- Global green logistics market is anticipated to grow at a CAGR of 6.5% during the forecast period, owing to penalties imposed by government on non-compliance of the standard set for the companies for harming the environment
With increasing environmental concern, logistics companies are increasingly using electric vehicles for transportation of goods thus increasing the penetration of ‘green” in logistics industry which is subsequently driving the global green logistics market. Since 2000, electric vehicles are operational. In general logistics companies use conventional internal combust engine automobiles for their transportation needs. Electric vehicles have several environmental benefits over conventional internal combust engine automobiles including reduction of air pollution, especially in cities. Conventional vehicles emit harmful pollutants including organic compounds, hydrocarbons, carbon monoxide (CO), ozone, lead, and various oxides of nitrogen - Nitrous Oxide (N2O), Nitrogen Monoxide (NO), Dinitrogen Trioxide (N2O3), Nitrogen Dioxide (NO2), Dinitrogen Pentoxide (N2O5) and Dinitrogen Tetroxide (N2O4) among others. All these pollutants have a very harmful effect on the environment.
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Globally there is a surge in demand for electric vehicles from various industries. Adoption of electric vehicles in logistics industry has risen in Europe. In May 2012, the European Commission launched a project ENCLOSE (ENergy efficiency in City LOgistics Services for small and mid-sized European Historic Towns) with the objective of sensitizing stakeholders and general public in use of sustainable urban logistics in Europe’s small and mid-sized historic towns. ENCLOSE project was operational in 13 European countries - Austria, Bulgaria, Greece, Ireland, Italy, Norway, Poland, Romania, Portugal, Spain, Sweden, The Netherlands and the UK. ENCLOSED project ran till November 2014. In Europe, transportation accounted for 25.0% of carbon di-oxide emissions in the environment. Road transportation accounts for more than 70.0% of carbon di-oxide emission to environment. All these lead to European Union (EU) developing strategies for sustainable urban logistics plan (SULP). In 2008 as per research done in the UK by the Department for Business Enterprise & Regulatory Reform conclude that electric vehicles have the potential to reduce carbon dioxide and greenhouse gas emissions by at least 40.0%. Moreover, according to the report published by the European environment agency on 22nd November 2018, battery electric cars emit fewer greenhouse gases and air pollutants over their entire life cycle than petrol and diesel cars. Thus, electric vehicles are used globally as an alternative of conventional internal combust engine automobiles which is increasing the market size of global green logistics market.
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The detailed research study provides qualitative and quantitative analysis of the global green logistics market. The green logistics market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Global Green Logistics Market:
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