Press release
FMCG Logistics Market : Food & Beverages, Personal Care, Household Care, and Other Consumables 2020-2027
The global FMCG logistics market was valued at $1,056.58 billion in 2019, and is projected to reach $1,400.80 billion by 2027, registering a CAGR of 4.6% from 2020 to 2027. By mode of transportation, the roadways segment was the highest revenue contributor in 2019, accounting for $431.66 billion, and is estimated to reach $518.08 billion by 2027, registering a CAGR of 3.30% during the forecast period.Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9133
Drivers, restraints, and opportunities :
Growing penetration of e-commerce in the FMCG industry, changing lifestyles & consumer habits, surge in disposable income, rise in tech-driven logistics services, and growing adoption of IoT-enabled connected devices fuel the FMCG logistics market. On the other hand, poor infrastructure, higher logistics costs, and lack of control of manufacturers and retailers on logistics services impede the growth to some extent. However, emergence of last mile deliveries coupled with logistics automation is expected to create multiple opportunities in the industry.
Covid-19 scenario :
The breakout of the covid-19 virus hugely impacted the supply of goods and gave way to distorted supply chain. Additionally, countries across the world imposed nationwide shutdown of almost all retail outlets for the fast moving consumer goods. Accordingly, the global FMCG logistics market received a huge blow.
However, the global situation is getting better at a gradual pace and the market is anticipated to revive soon.
The roadways segment to maintain the lion's share :
Based on mode of transportation, the roadways segment accounted for around two-fifths of the global FMCG logistics market share in 2019, and is expected to lead the trail by the end of 2027. Roadways logistics transportation entails low capital investment as compared to other modes of transportation such as rail and air transportation system. This leads to the establishment of new companies, thereby propelling the segment growth. The waterways segment, on the other hand, would garner the fastest CAGR of 5.90% throughout the forecast period, owing to increasing popularity of containerization and rise in number of new ports.
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The food and beverages segment to dominate by 2027 :
Based on product type, the food & beverages segment contributed to more than four-fifths of the global FMCG logistics market revenue in 2019, and is anticipated to rule the roost by 2027. Increase in working population and the trend of healthy eating have made way for packaged food and enabled restaurants to grow their business. This factor drives the segment growth. Simultaneously, the personal care segment would manifest the fastest CAGR of 5.10% during the forecast period.
Key players in the industry:
C.H. Robinson Worldwide, Inc.
Deutsche Post AG (DHL Group)
A.P. Moller - Maersk
DSV (DSV Panalpina)
FedEx
Geodis
Kuehne+Nagel
DB SCHENKER (Deutsche Bahn Group (DB Group))
United Parcel Service, Inc. (UPS)
XPO Logistics, Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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