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The Global Cargo Inspection market accounted for $2.50 billion in 2019 and is expected to reach $3.72 billion by 2027 growing at a CAGR of 5.1% during the forecast period.
Increased transport infrastructure and harmonization of standards are the major factors propelling market growth. However, divergent standards and regulations across the globe is hampering market growth.
The cargo inspection helps in ensuring the excellence of commodity and also helps in gathering all the regulations and standards. Cargo inspection services are offered by the companies as a part of the inspection to check the quantity and quality of goods that get traded. It differs industry-wise and is performed under consultants and cargo surveyors. The increasing trade activities across the globe are the major factors pouring the growth of this market.