Philippines Freight and Logistics Market Report and Forecast 2025-2034

The Philippines freight and logistics market reached around USD 19.16 Billion in 2024. The market is projected to grow at a CAGR of 8.10% between 2025 and 2034 to reach nearly USD 41.75 Billion by 2034.

Philippines Freight and Logistics Market Growth

As per the World Bank's Logistics Performance Index 2023, the Philippines was ranked at the 43rd position out of 139 countries. This is an improvement of 0.4 points from 2018, when it scored 2.9 points on the index. The performance of the Philippines' customs authority increased substantially, along with improvements in the quality of infrastructure and logistics services, as well as consignment tracing and tracking.

As per the World Bank, a shipping container takes nearly 44 days between entering a port in the Philippines and exiting for its destination. By reducing the time spent by ships at the port, the overall efficiency of the import-export process can be improved significantly.

The Philippine Port Authority is advocating the implementation of the Trusted Operator Program Container Registry Monitoring System (TOP CRMS) to enable carriers, shippers, freight forwarders, and customers to check the status of their containers and cargoes digitally. This technology is expected to track all international shipments arriving at the Philippines' ports by utilising advanced formats of data interchange through encrypted channels. In 2023, the Department of Budget and Management allocated PhP 12.47 billion to promote digitalisation across ports in the country, which is expected to have a favourable impact on the market growth.

Philippines Freight and Logistics Industry Segmentation

Philippines Freight and Logistics Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Function:

• Courier, Express and Parcel
• Freight Forwarding
• Freight Transport
• Warehousing and Storage
• Others

Market Breakup by End Use:

• Manufacturing
• Consumer Goods and Retail
• Food and Beverages
• IT Hardware and Telecom
• Healthcare
• Chemicals
• Construction
• Automotive
• Oil and Gas
• Others

Philippines Freight and Logistics Market Share

Based on function, the market is categorised into courier, express and parcel, freight forwarding, freight transport, and warehousing and storage, among others. Over the forecast period of 2025-2034, courier, express and parcel and freight forwarding are estimated to grow at a CAGR of 9.1% and 8.4% respectively. This is attributed to the record-breaking increase in the volume of shipping containers and cargoes since 2021.

Leading Companies in the Philippines Freight and Logistics Market

Key players are attempting to leverage innovative technologies in order to enhance the speed and reliability of overall cargo transport service.

• 2GO Group Inc.
• LBC EXPRESS, INC.
• Airfreight 2100 Inc.
• XDE Logistics
• Transational Diversified Group
• Royal Cargo, Inc.
• YUSEN LOGISTICS CO., LTD.
• Kintetsu World Express, Inc
• Laurel Carriers Philippines Inc.
• Others

Philippines Freight and Logistics Market Report Snapshots

Philippines Freight and Logistics Market Size

Philippines Freight and Logistics Market Growth

Philippines Freight and Logistics Market Share

Philippines Freight and Logistics Companies