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new York, July 16, 2021 /PRNewswire/ – Technavio’s latest report on the chemical logistics market is expected US$507.36 billion, Decelerating at a compound annual growth rate of more than 10% between 2021-2025.According to the report, the air freight and logistics industry will have a Negative impact As the COVID-19 pandemic continues to spread. In addition, the report also analyzed in detail the before and after impact of COVID-19 on enterprises.
Download free sample report COVID-19 analysis
Based on services, the transportation sector provides important growth opportunities for market participants in 2020. Factors such as the increase in free trade agreements and the formation of trade blocs between countries have played a vital role in promoting the growth of this sector. In terms of geography, the Asia-Pacific market witnessed the greatest growth in 2020, and the region is expected to continue to dominate the market during the forecast period. Increasing investment in manufacturing, coupled with improved cold chain warehouse infrastructure, is promoting the growth of the chemical logistics market in the Asia-Pacific region.
Chemical logistics market: main growth drivers
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