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Global air cargo service market set to grow by $8.5 billion in 2021

By Edward Robertson

A new report is predicting the global air cargo service market will grow by $8.5 billion this year.

The Air Cargo Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 has predicted that the value of the sector will grow from $56.48 billion in 2020 to $64.98 billion in 2021 at a compound annual growth rate (CAGR) of 15 per cent.

It said the growth will be driven by companies rearranging their operations as they recover from the Covid-19 impact having suffered from restrictions placed by governments around the world in response to the pandemic.