FMCG Logistics Market to Reach US$ 1,400.80 Billion With a CAGR of 4.6% by 2027

The global FMCG logistics market 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. In 2019, Asia-Pacific was anticipated to account for major market share.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭- https://www.alliedmarketresearch.com/request-sample/9133

The Asia-Pacific region is dominating the market in term of revenue, followed by LAMEA, North America, and Europe. In Asia-Pacific, China dominated the FMCG logistics market industry in 2019, whereas India is expected to grow at a significant rate 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.

FMCG logistics involves the movement of fast movable consumer goods from one place to another in a shorter time span. This involves services, such as material handling, packaging, transportation, inventory, security, and warehousing, which can be scaled according to customer needs and market conditions. FMCG logistics service providers are responsible for the delivery of materials or goods from manufacturers to consumers.

Moreover, introduction of 'direct-to-consumer' initiative by FMCG companies, wherein a consumer can order FMCG products direct to the home through online channel also propels the market growth In addition, attributed to rise in globalization, various activities related to trade are witnessing increased growth. Therefore, it is becoming difficult for manufactures or retailers to keep track of these activities in an efficient manner. This factor is expected to drive the FMCG logistics market for logistics companies. Moreover, development of the overseas market is a significant factor that fuels the growth of the market.

Moreover, poor infrastructure & higher logistics costs and lack of control of manufacturers and retailers on logistics service hamper the growth of the global market. However, emergence of last mile deliveries coupled with logistics automation, cost cutting, and lead time reduction due to adoption of multi-modal system are expected to offer lucrative opportunities of the global FMCG logistics market Growth.

The global FMCG logistics market is segmented on the basis of mode of transportation, product type, service type, and region. Railways, airways, roadways, and waterways are studied under the mode of transportation segment. Food & beverages, personal care, household care, and other consumables are categorized under product type. By service type, the market is divided into transportation, warehousing, and value added services. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝗠𝗮𝗸𝗲 𝗮 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗜𝗻𝗾𝘂𝗶𝗿𝘆 - https://www.alliedmarketresearch.com/purchase-enquiry/9133

Key Findings Of The Study

Based on mode of transportation, the roadways segment generated the highest revenue in 2019.
By product type, the food & beverages segment was the highest revenue contributor in 2019.
By service type, the transportation segment was the highest revenue contributor in 2019.
By region, Asia-Pacific contributed the highest revenue, followed by LAMEA, North America, and Europe in 2019.

𝗦𝗶𝗺𝗶𝗹𝗮𝗿 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗪𝗲 𝗛𝗮𝘃𝗲 𝗼𝗻 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 :

Government and Education Logistics Market : https://www.alliedmarketresearch.com/government-and-education-logistics-market-A07810

Cash Logistics Market : https://www.alliedmarketresearch.com/cash-logistics-market

Fifth-party Logistics Market : https://www.alliedmarketresearch.com/fifth-party-logistics-solution-market-A14785

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