Green Logistics Market seen growing at 8.5 pc CAGR to $2.9 trn by 2033
report by Marketus. This emissions, heightened con- optimise supply chains and
17 growth is underpinned by a sumer awareness about sus- reduce environmental im¬THE Compound Annual tainability, and the rising pact. Europe held a signifi-
gistics Market is projected to experience substantial growth, expanding from USD 1.3 trillion in 2023 to an impressive USD 2.9 tril¬lion by 2033, growing at a CAGR of 8.5%, according to
Growth Rate (CAGE) of 8.5% over the forecast pe¬riod from 2024 to 2033. The surge in market value is primarily driven by increas¬ing regulatory pressures aimed at reducing carbon
demand for cost-effective, low-emission logistics solu¬tions across various indus-tries. The manufacturing industry emerged as the top industry vertical, le-veraging green logistics to
cant market share of 36.3%, valued at USD 0.47 trillion, propelled by stringent envi-ronmental regulations and strong government support for green initiatives, as per a report.
