‘Key air cargo drivers, speed, rise in cross border e-com’

The global Air Cargo market size is projected to reach USD 111810 Million by 2027, from USD 82570 Million in 2020, at a CAGR of 4.0% during 2021-2027. Key drivers of the air cargo market include the growing demand for faster delivery of cargo, stated Global Air Cargo Market Size, Status and Forecast 2022, “Increasing cross-border eCommerce and low costs related to insurance premiums will drive the growth of the air cargo market during the forecast period. Further, the rapid expansion of the pharmaceutical industry and the need to transport temperature-sensitive goods such as drugs, medicines will aid in market growth. Trends Influencing the Global Air Cargo Market includes consumer demand for faster delivery of cargo. The demand for air cargo is growing as transportation of goods by air takes much less time in comparison to other modes of transportation such as railways, roads, and shipping. There is a fixed arrival and departure time with minimal or no scope for delays. The warehouse requirement is less and clearance is fast. The shipment of goods always arrives on time. Thus the above factors are creating consumer demand for air cargo thereby driving the growth of the air cargo market during the forecast period, Expansion of cross-border eCommerce and low insurance premiums and Growth of pharmaceutical industry and need for transporting temperature-sensitive goods,” he added.