IMARC Group, a leading market research company, has recently releases report titled “FMCG Logistics Market Report by Product Type (Food and Beverage, Personal Care, Household Care, and Others), Service Type (Transportation, Warehousing, Value Added Services), Mode of Transportation (Railways, Airways, Roadways, Waterways), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the fmcg logistics market share.
How Big Is the FMCG Logistics Market?
The global FMCG logistics market size reached US$ 1,175.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,621.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.54% during 2024-2032.
Industry Overview of FMCG Logistics
FMCG logistics encompasses professional fleet management solutions that oversee and regulate the movement of diverse products to their designated storage or destination. It relies on a range of technologies and the involvement of third-party or fourth-party logistics (3PL/4PL) to carry out various value-added tasks related to inventory storage and warehousing of materials, liquids, food, and household items. The objective of FMCG logistics is to meet consumer expectations by ensuring the smooth flow of goods, managing daily transportation activities, and offering scalability and preventive maintenance. Additionally, it provides real-time product visibility and risk management solutions, enhances business profitability, and ensures product quality during shipping, all while minimizing costs. Consequently, industries utilize FMCG logistics to effectively handle their supply chain operations. At present times, it encompasses the use of seaways, roadways, railways, and airways as the standard transportation modes.
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What are the growth prospects and trends in the FMCG logistics industry?
The market growth is primarily being propelled by the significant expansion of the e-commerce sector, which is a result of the increased purchase of products from various online distribution channels, particularly during the COVID-19 pandemic. Furthermore, the market is benefiting from the adoption of direct-to-consumer (D2C) initiatives by FMCG companies, which aim to eliminate intermediaries and directly cater to consumer demands, thus further boosting the demand for products.
The growth is also supported by the introduction of advanced logistics technologies, including Internet of Things (IoT) robots and the integration of machine learning (ML) and big data. Additionally, key players in the market are actively developing logistics automation solutions with a focus on last-mile delivery, especially for perishable goods, which contributes to the overall market expansion.
Moreover, factors such as rapid urbanization, evolving consumer preferences, and the increasing number of smartphone and internet users are all positively impacting the market’s growth.
Leading Companies Operating in the Global FMCG Logistics Industry:
- C.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
- XPO Logistics Inc.
FMCG Logistics Market Report 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
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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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