TechnologyFMCG Logistics Market Share, Size & Industry Growth By Chris GreenwaltyJanuary 14, 2023 IMARC Group has recently released a new research study “FMCG Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The global FMCG logistics market size reached US$ 1,074.44 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,395.18 Billion by 2027, exhibiting a growth rate (CAGR) of 4.20% during 2022-2027. FMCG logistics Market Overview 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. Impact of COVID-19: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Request and get a sample brochure for free: https://www.imarcgroup.com/fmcg-logistics-market/requestsample Major market Trends in the FMCG Logistics Market 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. Major Key Players in The Market 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 and XPO Logistics Inc. The report segmentation is as follows: The report has been segmented the market into 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 Regional Insights: Asia Pacific North America Europe Middle East and Africa Latin America On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor. Ask An Analyst: https://www.imarcgroup.com/request?type=report&id=6445&flag=C If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment. About Us: IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact Us: IMARC Services Private Limited. 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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