The Connected Logistics Market size was USD 29.54 billion in 2023 and is expected to Reach USD 43.68 billion by 2031 and grow at a CAGR of 5.02 % over the forecast period of 2024-2031.
Connecting logistics has transformed the logistical process into a more customer centric activity through sharing data, information and facts with supply chain partners. In order to increase productivity of logistics operations, connected logistics uses a network that links together communications networks, cloud platforms and the Internet of Things.
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In addition, it may be described as a collection of interdependent devices that are deployed by logistics providers in order to provide more visibility into the way orders process, finance transactions, transportation and other logistical processes have been implemented, e.g. warehousing, transport or ancillary logistics services. Some of the factors contributing to market growth include advances in technology and increasing consumer appetite for shopping on the internet. Demand for such solutions is driven by the growing availability of integrated logistics systems that are highly interoperable, secure and accessible.
There are a number of challenges facing connected logistics, such as competition on the market, rising customer demand and lack of standardisation in this sector. In view of the need for improved integration, greater operational efficiency, Realtime reports, higher visibility and communication, however, the logistics sector has increasingly adopted modern technologies. As new vehicles equip themselves with fleet telematics, a technology based on mobile internet of Things connectivity enabling vehicle and carrier management, the potential for connected logistics is indisputable. Access the information from a number of sensors on your car.
KEY DRIVERS:
Emergence of IoT and Sensor Technologies
The Internet of Things (IoT) plays an important role in connected logistics by allowing devices and assets to communicate with each other and share data. Sensors can monitor parameters such as temperature sensor, humidity and shock, ensuring the quality and condition of goods during transit, which is especially important for industries such as pharmaceuticals and perishable goods.
Optimisation of routes, vehicle use and resource allocation can be achieved through integrated logistics solutions, leading to cost efficiency.
RESTRAIN:
The connected logistics ecosystem involves multiple stakeholders, technologies, and communication protocols
The lack of standardized approaches can create interoperability challenges and make it harder to integrate various components seamlessly.
OPPORTUNITY:
Emerging Technologies Integration
Incorporating emerging technologies like blockchain for secure data sharing and 5G for faster communication can unlock new possibilities in connected logistics.
Last mile logistics can be redefined by innovations in autonomous vehicles, drones and intelligent locker rooms.
CHALLENGES:
There is a high level of security and privacy concern associated with the increased connectivity and sharing of data in connected logistics systems
Protecting sensitive data, preventing unauthorized access, and ensuring compliance with data protection regulations are ongoing challenges.
The Russia-Ukrainian war has had a significant impact on the connected logistics market. The war disrupted supply chains, increased transportation costs, and created shortages of goods. War has disrupted supply chains in many ways. First, it closed ports in Ukraine and Russia, making it difficult to ship goods to and from those countries. Second, it leads to tighter border security measures, slowing the movement of goods. Third, it creates uncertainty about the future of the war, making companies reluctant to commit to long-term contracts. According to a report by the World Economic Forum, the Russia-Ukraine war could add $1.5 trillion to global supply chain costs by 2022. The report also estimates that the war could cause 30% delay of shipments to and from Russia.
A study by the Kiel Institute for World Economics found that war could increase the price of wheat by 40 % and corn by 20 %. The study also estimated that war could reduce world grain exports by 20 million tons.
The impact of the Russian-Ukrainian war on the connected logistics market is expected to be felt for many years. The war has highlighted the vulnerability of global supply chains and companies need to adopt more flexible and agile logistics strategies. War also increases transportation costs. Closing airspace over Ukraine, which requires rerouting of flights, increases fuel costs. Transportation demand increases as companies try to find alternative routes to get goods to their destinations. Rising fuel costs, a major component of transportation costs.
An economic downturn will likely lead to lower demand for goods and services, which in turn will lead to lower shipping volumes. This will reduce the revenue of logistics companies and make it more difficult for them to invest in new technology. Additionally, an economic downturn will likely lead to higher unemployment rates, which will make it harder for logistics companies to find skilled workers. This can lead to delays in shipments and increase costs for businesses.
A study by the McKinsey Global Institute found that a recession could reduce global trade by as much as 30%. This will lead to lower shipping volumes and revenue for logistics companies. Also, World Bank report shows that a recession can increase unemployment by up to 5%. This will make it harder for logistics companies to find skilled workers and can lead to delayed deliveries.
A study by the Boston Consulting Group found that an economic downturn can increase transportation costs by up to 20%. This will increase the financial burden on logistics companies and may complicate investments in new technology. The impact of the downturn on the connected logistics market is expected to be felt over several years. The economic downturn is expected to slow down the market growth and make it more difficult to innovate for logistics companies.
By Component
Software
Services
Hardware
In terms of components, the market segments are hardware, solutions and services. The hardware segment accounted for a dominant market share, and is expected to grow at the fastest compound annual growth rate over the forecast period. The market is classified according to hardware as RFID tags, sensors, communication equipment, tracking devices and others. Sensor groups are estimated to occupy a significant market share in view of the growing demand for asset tracking.
The services market is projected to grow at a faster compound annual growth rate during the forecast period. In particular, the growth of demand for managed services linked to logistics is leading to a continuous expansion of the market. Key players are involved in providing services such as consultation, integration and implementation, support and maintenance or management of the service. The consulting services shall provide assistance to transport service providers in the field of special and specialised solutions.
By Transportation Mode
Roadways
Airways
Waterways
The road segment is expected to be the dominant sector, based on transportation mode. During the forecast period, this segment is expected to grow at faster CAGR. It is due, in particular to last mile deliveries, to increasing demand for truck transport of retail goods over lengthy distances. Furthermore, this way of transport can carry a considerable amount of cargo and is widely considered to be the preferred option for logistics. The growth of this segment is also being driven by an increase in government support for the transport sector throughout the world.
The rail segment is projected to increase strongly over the forecast period. This way of transport has inherent advantages for reducing frictional drag, making it possible to carry larger loads onto trucks and cars. In addition, growth of this segment is projected to be influenced by the growing government initiatives promoting rail freight transport.
By Vertical
Automotive
Healthcare
Retail & E-commerce
Energy
Aerospace & Defense
Others
The market is divided on the basis of vertical into retail and e commerce, automobiles, aerospace & defense, healthcare, energy semiconductors, electronics & electricals, and others. The retail and e commerce segments will dominate the market. In order to cope with growing business needs, the retail sector relies on connected logistics solutions. By using connected logistics solutions which are adapted to the interests of retail and e commerce, reliability is improved.
The automotive segment is expected to account for a significant share of the market over the forecast period. Real time infographics based on the vehicle location, cargo status and driver behaviour can be found in related logistics solutions for the car industry. Solutions that meet the specific needs of the vehicle industry are provided by major market players.
North American region is dominating the market. The dominance is due to the presence of highly developed infrastructure for rail and road connections. Moreover, the region's potential as a major revenue generator in the world market can be achieved by the presence of key industry players. Modern infrastructure will enable more rapid deployment of modern technologies. In view of the development of new technology, increased working capital and rapidly growing e commerce sector, it is projected that the United States will maintain its dominance over the forecast period.
During the forecast period, Asia Pacific is expected to increase at the highest compound annual growth rate. In particular, the Asia Pacific region is predicted to be at the centre of all investment growth logistics as compared with other regions in terms of economic growth. Moreover, regional growth over the forecast period is projected to be supported by further technological progress on transport as well as more investment into megacities. The target market is growing at a rapid pace due to the development of online shopping and manufacturing in the region. The main markets in this area are China and India.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Connected Logistics market are NEC Corporation, Cisco System Inc, Intel Corporation, Amazon Web Services, HCL Technology Limited, Infosys Limited, Honeywell International Inc, SAP SE, IBM Corporation, Siemens and other players.
The launch of the International Ship Services Portal has been reported by iThink Logistics, an India based SaaS shipping platform. The new company, iThink Logistics International, would allow booming SMEs and D2C brands to reach global markets via strategic partnerships with I Think Logistics International in order to expand and grow their online sales.
Infosys, India's leading IT services company, announced a collaboration with Walmart Commerce Technologies to help retailers take advantage of technology solutions that facilitate customer and employee experiences.
| Report Attributes | Details |
| Market Size in 2023 | US$ 29.54 Bn |
| Market Size by 2031 | US$ 43.68 Bn |
| CAGR | CAGR of 5.02 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Component (Software, Services, Hardware) • by Transportation Mode (Roadways, Railways, Airways, Waterways) • by Vertical (Automotive, Healthcare, Retail & E-commerce, Energy, Aerospace & Defence, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | NEC Corporation, Cisco System Inc, Intel Corporation, Amazon Web Services, HCL Technology Limited, Infosys Limited, Honeywell International Inc, SAP SE, IBM Corporation, Siemens |
| Key Drivers | • Emergence of IoT and Sensor Technologies • Optimisation of routes, vehicle use and resource allocation can be achieved through integrated logistics solutions, leading to cost efficiency. |
| Market Restraints | • The connected logistics ecosystem involves multiple stakeholders, technologies, and communication protocols |
Ans: The Connected Logistics Market is expected to grow at a CAGR of 4.99 %.
Ans: The Connected Logistics Market size was USD 28.12 billion in 2022 and is expected to Reach USD 41.51 billion by 2030.
Ans: Emergence of IoT and Sensor Technologies will drive the market.
Ans: Lack of standardization.
Ans: North American region is dominating the market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Connected Logistics Market, By Component
8.1 Software
8.2 Services
8.3 Hardware
9. Connected Logistics Market By Transportation Mode
9.1 Roadways
9.2 Railways
9.3 Airways
9.4 Waterways
10. Connected Logistics Market, By Vertical
10.1 Automotive
10.2 Healthcare
10.3 Retail & E-commerce
10.4 Energy
10.5 Aerospace & Defense
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Connected Logistics Market by Country
11.2.2North America Connected Logistics Market by Component
11.2.3 North America Connected Logistics Market by Transportation Mode
11.2.4 North America Connected Logistics Market by Vertical
11.2.5 USA
11.2.5.1 USA Connected Logistics Market by Component
11.2.5.2 USA Connected Logistics Market by Transportation Mode
11.2.5.3 USA Connected Logistics Market by Vertical
11.2.6 Canada
11.2.6.1 Canada Connected Logistics Market by Component
11.2.6.2 Canada Connected Logistics Market by Transportation Mode
11.2.6.3 Canada Connected Logistics Market by Vertical
11.2.7 Mexico
11.2.7.1 Mexico Connected Logistics Market by Component
11.2.7.2 Mexico Connected Logistics Market by Transportation Mode
11.2.7.3 Mexico Connected Logistics Market by Vertical
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Connected Logistics Market by Country
11.3.1.2 Eastern Europe Connected Logistics Market by Component
11.3.1.3 Eastern Europe Connected Logistics Market by Transportation Mode
11.3.1.4 Eastern Europe Connected Logistics Market by Vertical
11.3.1.5 Poland
11.3.1.5.1 Poland Connected Logistics Market by Component
11.3.1.5.2 Poland Connected Logistics Market by Transportation Mode
11.3.1.5.3 Poland Connected Logistics Market by Vertical
11.3.1.6 Romania
11.3.1.6.1 Romania Connected Logistics Market by Component
11.3.1.6.2 Romania Connected Logistics Market by Transportation Mode
11.3.1.6.4 Romania Connected Logistics Market by Vertical
11.3.1.7 Turkey
11.3.1.7.1 Turkey Connected Logistics Market by Component
11.3.1.7.2 Turkey Connected Logistics Market by Transportation Mode
11.3.1.7.3 Turkey Connected Logistics Market by Vertical
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Connected Logistics Market by Component
11.3.1.8.2 Rest of Eastern Europe Connected Logistics Market by Transportation Mode
11.3.1.8.3 Rest of Eastern Europe Connected Logistics Market by Vertical
11.3.2 Western Europe
11.3.2.1 Western Europe Connected Logistics Market by Country
11.3.2.2 Western Europe Connected Logistics Market by Component
11.3.2.3 Western Europe Connected Logistics Market by Transportation Mode
11.3.2.4 Western Europe Connected Logistics Market by Vertical
11.3.2.5 Germany
11.3.2.5.1 Germany Connected Logistics Market by Component
11.3.2.5.2 Germany Connected Logistics Market by Transportation Mode
11.3.2.5.3 Germany Connected Logistics Market by Vertical
11.3.2.6 France
11.3.2.6.1 France Connected Logistics Market by Component
11.3.2.6.2 France Connected Logistics Market by Transportation Mode
11.3.2.6.3 France Connected Logistics Market by Vertical
11.3.2.7 UK
11.3.2.7.1 UK Connected Logistics Market by Component
11.3.2.7.2 UK Connected Logistics Market by Transportation Mode
11.3.2.7.3 UK Connected Logistics Market by Vertical
11.3.2.8 Italy
11.3.2.8.1 Italy Connected Logistics Market by Component
11.3.2.8.2 Italy Connected Logistics Market by Transportation Mode
11.3.2.8.3 Italy Connected Logistics Market by Vertical
11.3.2.9 Spain
11.3.2.9.1 Spain Connected Logistics Market by Component
11.3.2.9.2 Spain Connected Logistics Market by Transportation Mode
11.3.2.9.3 Spain Connected Logistics Market by Vertical
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Connected Logistics Market by Component
11.3.2.10.2 Netherlands Connected Logistics Market by Transportation Mode
11.3.2.10.3 Netherlands Connected Logistics Market by Vertical
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Connected Logistics Market by Component
11.3.2.11.2 Switzerland Connected Logistics Market by Transportation Mode
11.3.2.11.3 Switzerland Connected Logistics Market by Vertical
11.3.2.1.12 Austria
11.3.2.12.1 Austria Connected Logistics Market by Component
11.3.2.12.2 Austria Connected Logistics Market by Transportation Mode
11.3.2.12.3 Austria Connected Logistics Market by Vertical
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Connected Logistics Market by Component
11.3.2.13.2 Rest of Western Europe Connected Logistics Market by Transportation Mode
11.3.2.13.3 Rest of Western Europe Connected Logistics Market by Vertical
11.4 Asia-Pacific
11.4.1 Asia-Pacific Connected Logistics Market by country
11.4.2 Asia-Pacific Connected Logistics Market by Component
11.4.3 Asia-Pacific Connected Logistics Market by Transportation Mode
11.4.4 Asia-Pacific Connected Logistics Market by Vertical
11.4.5 China
11.4.5.1 China Connected Logistics Market by Component
11.4.5.2 China Connected Logistics Market by Transportation Mode
11.4.5.3 China Connected Logistics Market by Vertical
11.4.6 India
11.4.6.1 India Connected Logistics Market by Component
11.4.6.2 India Connected Logistics Market by Transportation Mode
11.4.6.3 India Connected Logistics Market by Vertical
11.4.7 Japan
11.4.7.1 Japan Connected Logistics Market by Component
11.4.7.2 Japan Connected Logistics Market by Transportation Mode
11.4.7.3 Japan Connected Logistics Market by Vertical
11.4.8 South Korea
11.4.8.1 South Korea Connected Logistics Market by Component
11.4.8.2 South Korea Connected Logistics Market by Transportation Mode
11.4.8.3 South Korea Connected Logistics Market by Vertical
11.4.9 Vietnam
11.4.9.1 Vietnam Connected Logistics Market by Component
11.4.9.2 Vietnam Connected Logistics Market by Transportation Mode
11.4.9.3 Vietnam Connected Logistics Market by Vertical
11.4.10 Singapore
11.4.10.1 Singapore Connected Logistics Market by Component
11.4.10.2 Singapore Connected Logistics Market by Transportation Mode
11.4.10.3 Singapore Connected Logistics Market by Vertical
11.4.11 Australia
11.4.11.1 Australia Connected Logistics Market by Component
11.4.11.2 Australia Connected Logistics Market by Transportation Mode
11.4.11.3 Australia Connected Logistics Market by Vertical
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Connected Logistics Market by Component
11.4.12.2 Rest of Asia-Pacific Connected Logistics Market by Transportation Mode
11.4.12.3 Rest of Asia-Pacific Connected Logistics Market by Vertical
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Connected Logistics Market by Country
11.5.1.2 Middle East Connected Logistics Market by Component
11.5.1.3 Middle East Connected Logistics Market by Transportation Mode
11.5.1.4 Middle East Connected Logistics Market by Vertical
11.5.1.5 UAE
11.5.1.5.1 UAE Connected Logistics Market by Component
11.5.1.5.2 UAE Connected Logistics Market by Transportation Mode
11.5.1.5.3 UAE Connected Logistics Market by Vertical
11.5.1.6 Egypt
11.5.1.6.1 Egypt Connected Logistics Market by Component
11.5.1.6.2 Egypt Connected Logistics Market by Transportation Mode
11.5.1.6.3 Egypt Connected Logistics Market by Vertical
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Connected Logistics Market by Component
11.5.1.7.2 Saudi Arabia Connected Logistics Market by Transportation Mode
11.5.1.7.3 Saudi Arabia Connected Logistics Market by Vertical
11.5.1.8 Qatar
11.5.1.8.1 Qatar Connected Logistics Market by Component
11.5.1.8.2 Qatar Connected Logistics Market by Transportation Mode
11.5.1.8.3 Qatar Connected Logistics Market by Vertical
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Connected Logistics Market by Component
11.5.1.9.2 Rest of Middle East Connected Logistics Market by Transportation Mode
11.5.1.9.3 Rest of Middle East Connected Logistics Market by Vertical
11.5.2 Africa
11.5.2.1 Africa Connected Logistics Market by Country
11.5.2.2 Africa Connected Logistics Market by Component
11.5.2.3 Africa Connected Logistics Market by Transportation Mode
11.5.2.4 Africa Connected Logistics Market by Vertical
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Connected Logistics Market by Component
11.5.2.5.2 Nigeria Connected Logistics Market by Transportation Mode
11.5.2.5.3 Nigeria Connected Logistics Market by Vertical
11.5.2.6 South Africa
11.5.2.6.1 South Africa Connected Logistics Market by Component
11.5.2.6.2 South Africa Connected Logistics Market by Transportation Mode
11.5.2.6.3 South Africa Connected Logistics Market by Vertical
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Connected Logistics Market by Component
11.5.2.7.2 Rest of Africa Connected Logistics Market by Transportation Mode
11.5.2.7.3 Rest of Africa Connected Logistics Market by Vertical
11.6 Latin America
11.6.1 Latin America Connected Logistics Market by country
11.6.2 Latin America Connected Logistics Market by Component
11.6.3 Latin America Connected Logistics Market by Transportation Mode
11.6.4 Latin America Connected Logistics Market by Vertical
11.6.5 Brazil
11.6.5.1 Brazil America Connected Logistics by Component
11.6.5.2 Brazil America Connected Logistics by Transportation Mode
11.6.5.3 Brazil America Connected Logistics by Vertical
11.6.6 Argentina
11.6.6.1 Argentina America Connected Logistics by Component
11.6.6.2 Argentina America Connected Logistics by Transportation Mode
11.6.6.3 Argentina America Connected Logistics by Vertical
11.6.7 Colombia
11.6.7.1 Colombia America Connected Logistics by Component
11.6.7.2 Colombia America Connected Logistics by Transportation Mode
11.6.7.3 Colombia America Connected Logistics by Vertical
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Connected Logistics by Component
11.6.8.2 Rest of Latin America Connected Logistics by Transportation Mode
11.6.8.3 Rest of Latin America Connected Logistics by Vertical
12 Company profile
12.1 NEC Corporation
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Cisco System Inc
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Intel Corporation
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Amazon Web Services
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 HCL Technology Limited
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Infosys Limited
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Honeywell International Inc
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 SAP SE
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 IBM Corporation
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Siemens
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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The Stretch Sleeve & Shrink Sleeve Labels Market size was USD 15.22 billion in 2023 and is expected to Reach USD 27.51 billion by 2031 and grow at a CAGR of 6.80 % over the forecast period of 2024-2031.
The Pharmaceutical Glass Packaging Market size was USD 19.82 billion in 2023 and is expected to Reach USD 42.02 billion by 2031 and grow at a CAGR of 9.85 % over the forecast period of 2024-2031.
The Folding Carton Packaging Market size was valued at USD 167.01 billion in 2023 and is expected to increase to USD 239.33 billion in 2031, growing at a compound annual growth rate of 4.6% Over the Forecast Period of 2024-2031.
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