According to the global FMCG logistics market report 2022 by IMARC Group, the market reached a value of US$ 1,129 Billion in 2022, and it is projected to reach a value of US$ 1,454 Billion by 2028, exhibiting a CAGR of 4.1% during 2023-2028.
Fast-moving consumer goods (FMCG) logistics solutions are used to transport daily usable consumer products and resources from one place to another desired destination or storage. They monitor and control the transportation of various products, including materials, equipment, foods, liquid, warehousing inventory, and household items.
These solutions rely on several technologies and third-party or fourth-party logistics (3PL/4PL) to perform diverse value-added functions. They also provide various benefits, such as meeting consumer expectations with a secure flow of goods, offering scalability, and preventive maintenance, enhancing business profitability, and securing product quality during shipping at a reduced cost. As a result, FMCG logistics are extensively adopted in railways, seaways, roadways, and airways as standard transportation mediums.
Market Trends & Drivers
The market is primarily driven by the significant expansion of the e-commerce industry. This can be attributed to the rising product purchases from several online distribution channels and increasing internet penetration across the globe. In addition, the sudden outbreak of the coronavirus (COVID-19) disease and the implementation of the lockdown is augmenting the market growth. Moreover, the implementation of direct-to-consumer (D2C) initiatives by FMCG companies to mitigate the need for mediators is further contributing to market growth.
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Besides this, the emergence of advanced technologies in logistics, including the incorporation of machine learning (ML) and the Internet of Things (IoT) robots, is providing a positive thrust to market growth. Furthermore, evolving consumer preferences, changing lifestyles, rising disposable incomes, rapid urbanization, and the growing retail sector are some of the other factors creating a positive market outlook across the globe.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
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- Food and Beverage
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- Personal Care
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- Household Care
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- Others
Breakup by Service Type:
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- Transportation
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- Warehousing
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- Value Added Services
Breakup by Mode of Transportation:
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- Railways
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- Airways
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- Roadways
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- Waterways
Regional Insights:
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- Asia Pacific
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- North America
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- Europe
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- Middle East and Africa
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- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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