The Bulk Liquid Global Market Report 2023 by The Business Research Company, provides bulk liquid market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Bulk Liquid Global Market Report 2023, the global bulk liquids market size will grow from $55.35 billion in 2022 to $59.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global bulk liquids is expected to grow to $76.93 billion in 2027 at a CAGR of 6.7%.
Increasing production and consumption of chemicals drives the demand for the bulk liquid transportation market.
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The bulk liquid market is segmented:
1) By Liquid Type: Edible liquids, Non-Edible liquids
2) By End Use: Chemical, Dairy, Beverages, Other End Users
3) By Properties: Flammable, Non-Flammable
Electronic logging devices (ELD) are increasingly being adopted by the trucking industry to regulate the working hours of truck drivers. An electronic logging device is a technology used by drivers of commercial motor vehicles (CMVs) to automatically record driving time and hours of service (HOS) records, capturing data on the vehicle’s engine, movement, and miles driven. Increased digitization and the use of telematics technology are also boosting growth in the market. The USA was an early adopter of this technology and has mandated ELD for all commercial vehicles. For instance, in July 2022, according to Geotab Inc., a Canada based telematics solutions company, Canada mandates the use of ELD for all motor vehicle commercial motor vehicle drivers to record drier and vehicle activity.
Major Players:
- Tankstar USA
- Kenan Advantage Group Inc.
- Foodline
- Quality Distribution,
- Trimac Transportation Services
The bulk liquid market report table of contents includes:
1. Executive Summary
2. Bulk Liquid Market Characteristics
3. Bulk Liquid Market Trends And Strategies
4. Bulk Liquid Market – Macro Economic Scenario
5. Bulk Liquid Market Size And Growth
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28. Key Mergers And Acquisitions In The Bulk Liquid Market
29. Bulk Liquid Market Future Outlook and Potential Analysis
30. Appendix
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