IMARC Group, a leading market research company, has recently releases report titled FMCG Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the globalFMCG Logistics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The FMCG Logistics Market?
The global FMCG logistics market size reached US$ 1,129 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,454 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
What are FMCG Logistics?
Fast-moving consumer goods (FMCG) logistics solutions are used to transport daily usable consumer products and resources from one place to another desired destination or storage. They monitor and control the transportation of various products, including materials, equipment, foods, liquid, warehousing inventory, and household items.
These solutions rely on several technologies and third-party or fourth-party logistics (3PL/4PL) to perform diverse value-added functions. They also provide various benefits, such as meeting consumer expectations with a secure flow of goods, offering scalability, and preventive maintenance, enhancing business profitability, and securing product quality during shipping at a reduced cost. As a result, FMCG logistics are extensively adopted in railways, seaways, roadways, and airways as standard transportation mediums.
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What Are The Growth Prospects And Trends In The FMCG Logistics Industry?
The market is primarily driven by the significant expansion of the e-commerce industry. This can be attributed to the rising product purchases from several online distribution channels and increasing internet penetration across the globe. In addition, the sudden outbreak of the coronavirus (COVID-19) disease and the implementation of the lockdown is augmenting the market growth. Moreover, the implementation of direct-to-consumer (D2C) initiatives by FMCG companies to mitigate the need for mediators is further contributing to market growth.
Besides this, the emergence of advanced technologies in logistics, including the incorporation of machine learning (ML) and the Internet of Things (IoT) robots, is providing a positive thrust to market growth. Furthermore, evolving consumer preferences, changing lifestyles, rising disposable incomes, rapid urbanization, and the growing retail sector are some of the other factors creating a positive market outlook across the globe.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Food and Beverage
- Personal Care
- Household Care
- Others
Breakup by Service Type:
- Transportation
- Warehousing
- Value Added Services
Breakup by Mode of Transportation:
- Railways
- Airways
- Roadways
- Waterways
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- H. Robinson Worldwide Inc.
- CCI Logistics Ltd.
- CEVA Logistics (CMA CGM S.A.)
- DB Schenker (Deutsche Bahn AG)
- Fedex Corporation
- Hellmann Worldwide Logistics SE Co. KG
- Kenco Group
- Kuehne + Nagel International AG
- Penske Logistics Inc. (Penske Truck Leasing Co. L.P.)
- Rhenus Group
- Simarco Worldwide Logistics Ltd \and XPO Logistics Inc.
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