Non Durable Goods Wholesalers Market Forecast Report | Analysis, Insights, Size And Opportunities 2024 - 2033

"The Business Research Company recently released a comprehensive report on the Global Non Durable Goods Wholesalers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

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Market Drivers and Trends:

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.

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.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

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.

Non Durable Goods Wholesalers Market 2024 Key Insights:

• 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%.
• Rising E-Commerce Adoption Fuels Growth In The Non-Durable Goods Wholesaler'S Market
• Transforming Wholesale Business With Predictive Analytics And Advanced Technology
• Asia-Pacific was the largest region in the non-durable goods wholesalers market in 2023

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