Global 3PL Market in FMCG Industry Witnessed to Gain Steady Growth at a CAGR of 5.62% during 2018-2022

The third-party logistics sector or 3PL, is a swiftly advancing sector that escalates further up the graph with passing time. Recently, a new report focusing on the global demand for 3PL in FMCG industry has been added to the wide repository of Market Research Hub (MRH), with the title of “Global 3PL Market in FMCG Industry 2018-2022”. The study encapsulates vital details about the present scenario and the growth prospects that are expected to influence the market in the coming years. Moreover, it also highlights the opportunities in the 3PL market in FMCG sector at the global and regional level. Key regions highlighted in the study include APAC, Americas and EMEA.

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In the initial section, the research starts by outlining the market introduction and landscape, which comprises overall information about ecosystem, characteristics and segmentation analysis. In the present time, companies get to maximize their profit by utilizing a 3PL that provides reliable logistics advantages and have a blend of knowledge and resources. In the FMCG sector, where food such as staples, dairy products, confectionary, fresh fruits and vegetables, processed foods, fresh and processed meat, and fish are required to transport safely and thus transported by 3PL players.

According to the research key findings, the global 3PL market in FMCG industry to grow at a CAGR of 5.62% during the period 2017-2021. It further also adds that there is a rise in the sales of packaged food. This mainly due to the hectic lifestyles which form less time for cooking. The change in consumer lifestyle coupled with the easy availability of packaged food is increasing the market for convenience food such as refrigerated appetizers, which in turn is increasing the global packaged food market. One of the major market drivers identified in the study includes increased adoption of technology by 3PL in recent years.

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Further, the research highlights market segmentation on the basis of geography and end-user. Major end-user include Food, Personal Care, Household Care and Beverage. Of these, the food industry is presenting lucrative growth opportunities for the 3PL market. In terms of geography, APAC will be the primary revenue contributor to the 3PL market in FMCG industry. The research also finds that 3PL market is highly fragmented due to the presence of several international and regional players.
Major trends observed by the study in the following market are growing popularity of autonomous vehicles, increasing popularity of sharing economy and rising popularity of IoT.

Competitive Scenario
In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry. At present, key players include Nippon Express, Deutsche Bahn, CEVA Logistics, Kuehne + Nagel, C.H. ROBINSON and Deutsche Post DHL Group.

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