IMARC Group, a leading market research company, has recently releases report titled “FMCG Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global fmcg logistics market share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the FMCG Logistics Market?
The global FMCG logistics market size reached US$ 1,129 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,454 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
What is FMCG Logistics?
FMCG logistics encompasses professional fleet management solutions that oversee and regulate the movement of diverse products to their designated storage or destination. It relies on a range of technologies and the involvement of third-party or fourth-party logistics (3PL/4PL) to carry out various value-added tasks related to inventory storage and warehousing of materials, liquids, food, and household items. The objective of FMCG logistics is to meet consumer expectations by ensuring the smooth flow of goods, managing daily transportation activities, and offering scalability and preventive maintenance. Additionally, it provides real-time product visibility and risk management solutions, enhances business profitability, and ensures product quality during shipping, all while minimizing costs. Consequently, industries utilize FMCG logistics to effectively handle their supply chain operations. At present times, it encompasses the use of seaways, roadways, railways, and airways as the standard transportation modes.
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What are the growth prospects and trends in the FMCG Logistics industry?
The market growth is primarily being propelled by the significant expansion of the e-commerce sector, which is a result of the increased purchase of products from various online distribution channels, particularly during the COVID-19 pandemic. Furthermore, the market is benefiting from the adoption of direct-to-consumer (D2C) initiatives by FMCG companies, which aim to eliminate intermediaries and directly cater to consumer demands, thus further boosting the demand for products.
The growth is also supported by the introduction of advanced logistics technologies, including Internet of Things (IoT) robots and the integration of machine learning (ML) and big data. Additionally, key players in the market are actively developing logistics automation solutions with a focus on last-mile delivery, especially for perishable goods, which contributes to the overall market expansion.
Moreover, factors such as rapid urbanization, evolving consumer preferences, and the increasing number of smartphone and internet users are all positively impacting the market’s growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Food and Beverage
- Personal Care
- Household Care
Breakup by Service Type:
- Value Added Services
Breakup by Mode of Transportation:
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
C.H. Robinson Worldwide Inc., CCI Logistics Ltd., CEVA Logistics (CMA CGM S.A.), DB Schenker (Deutsche Bahn AG), Fedex Corporation, Hellmann Worldwide Logistics SE & Co. KG, Kenco Group, Kuehne + Nagel International AG, Penske Logistics Inc. (Penske Truck Leasing Co. L.P.), Rhenus Group, Simarco Worldwide Logistics Ltd and XPO Logistics Inc.
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