Non Durable Goods Wholesalers Market Trends, Top Companies, Share, Growth And Forecast 2033

The non-durable goods wholesalers market size has grown strongly in recent years. It will grow from $22804.63 billion in 2023 to $24165.49 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to economic conditions, consumer spending, retail sector demand, seasonal variations.

The non-durable goods wholesalers market size is expected to see strong growth in the next few years. It will grow to $29703.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to e-commerce and online sales, sustainability and eco-friendliness, health and wellness products, flexible and efficient distribution. Major trends in the forecast period include technology adoption, collaboration and partnerships, private label and branding, sustainability and eco-friendliness.

Market Overview -
Non-durable goods wholesalers are sellers that sell non-durable wholesale products such as paper products, chemical products, drugs, textiles, and textile products, apparel, footwear, groceries, farm products, petroleum, and petroleum products, alcoholic beverages, books, magazines, newspapers, flowers and nursery stock, and tobacco products.

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Rising E-Commerce Adoption Fuels Growth In The Non-Durable Goods Wholesaler'S Market
The increasing demand for e-commerce is expected to propel the growth of the non-durable goods wholesaler's market going forward. E-commerce refers to the buying and selling of goods and services over the internet and other electronic channels. E-commerce allows wholesalers to expand their market beyond their physical location. They can reach customers regionally, nationally, and even internationally, thus increasing their potential customer base. For instance, in August 2023, according to the United States Census Bureau, a US-based government agency, compared to the second quarter of 2022, the estimate for e-commerce in the second quarter of 2023 climbed by 7.5% (or 1.4%), while overall retail sales rose by 0.6% (or 0.4%). 15.4% of all sales in the second quarter of 2023 were made through online stores Therefore, the increasing demand for e-commerce is driving the growth of the non-durable goods wholesaler's market.

Competitive Landscape -
Major companies operating in the non durable goods wholesalers market include AmerisourceBergen Corp, Cardinal Health Inc., Walmart Inc., Sinopharm Group Co Ltd., Berkshire Hathaway Inc., METRO AG, Medipal Holdings Corporation, Itochu Corp, Sysco Corp, US Foods Holding Corp, C&S Wholesale Grocers Inc., Heineken NV, Walgreens Boots Alliance Inc., Performance Food Group Company, Univar Solutions Inc., Brenntag AG, WPG Holdings Ltd., Avantor Inc., Veritiv Corporation, Bunzl Distribution USA Inc., Imperial Dade, H T Hackney Co., GPC Asia Pacific Ltd., Core-Mark Holding Company Inc., United Natural Foods Inc., Groupe Guillin SA, Herbalife Nutrition Ltd., Central Garden & Pet Company, Pyxus International Inc., The Chefs' Warehouse Inc.

Transforming Wholesale Business With Predictive Analytics And Advanced Technology
Wholesalers are increasingly using predictive analytics in their businesses. It is a robust tool for a wholesaler in today's era of the digital economy. A powerful in-memory technology integrated with predictive analytics and ERP data efficiently transforms the whole process of interpreting the information. Predictive analytics utilizes past data to predict future outcomes. In addition, some of the applications also provide predictive analytics to project customer profitability, improve marketing campaigns, and present model business for different scenarios. For instance, SAP HANA integrated with BW is a predictive analytical tool widely used for wholesale distribution and materials management, including the whitepaper industry.

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Key Segments -

The non durable goods wholesalers market covered in this report is segmented -

1) By Type: Paper And Paper Product Wholesalers, Drugs And Druggists Sundries Wholesalers, Apparel, Piece Goods, And Notions Wholesalers, Grocery And Related Product Wholesalers, Farm Product Raw Material Wholesalers, Chemical And Allied Products Wholesalers, Petroleum And Petroleum Products Wholesalers, Beer, Wine, And Distilled Alcoholic Beverage Wholesalers, Miscellaneous Nondurable Goods Wholesalers
2) By Ownership: Wholesale/Distribution Chain, Independent Wholesalers
3) By Price Range: Premium, Mid-Range, Economy

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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