Press release
FMCG Logistics Market : Projected to Reach $1,400.80 Billion by 2027 | Analysis by Mode of Transportation, Product Type and Service Type Offered
FMCG Logistics Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ- 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.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ- https://www.alliedmarketresearch.com/fmcg-logistics-market/purchase-options
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.
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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/9133
Asia-Pacific, followed by North America, held the highest share in 2019-
Based on region, Asia-Pacific, followed by North America, held the highest share in 2019, garnering nearly half of the global FMCG logistics market. The same region would also portray the fastest CAGR of 5.10% from 2020 to 2027. This is attributed to the booming e-commerce industry in emerging economies. Moreover, increased adoption of outsourced logistics services in the region drives the market growth.
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.
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
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Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.
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