Warehousing and Logistics market estimated to reach $25.7 Bn by 2031

The global warehousing and distribution logistics market is projected to touch the $25.7 billion mark by the end of 2031, a report from Allied Market research said. The unprecedented growth in the rise of multimodal transport system and high demand of e-commerce across the globe will contribute to the growth of warehousing and logistics market in next 7 years. The market was valued at $12,019 billion in 2021 and is growing at a CAGR of 7.7 per cent from 2022 to 2031.