According to a recent report published by Allied Market Research, titled, “FMCG Logistic Market by Mode of Transportation, Product Type, and Service Type: Opportunity Analysis and Industry Forecast, 2020–2027”,
The global FMCG logistics market was valued at $1,056.58 billion in 2019, and is projected to reach $1,400.80 billion by 2027, registering a CAGR of 4.6% from 2020 to 2027. By mode of transportation, the roadways segment was the highest revenue contributor in 2019, accounting for $431.66 billion, and is estimated to reach $518.08 billion by 2027, registering a CAGR of 3.30% during the forecast period. In 2019, Asia-Pacific was anticipated to account for major market share.
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Drivers, restraints, and opportunities-
Growing penetration of e-commerce in the FMCG industry, changing lifestyles & consumer habits, surge in disposable income, rise in tech-driven logistics services, and growing adoption of IoT-enabled connected devices fuel the FMCG logistics market. On the other hand, poor infrastructure, higher logistics costs, and lack of control of manufacturers and retailers on logistics services impede the growth to some extent. However, emergence of last mile deliveries coupled with logistics automation is expected to create multiple opportunities in the industry.
The roadways segment to maintain the lion’s share-
Based on mode of transportation, the roadways segment accounted for around two-fifths of the global FMCG logistics market share in 2019, and is expected to lead the trail by the end of 2027. Roadways logistics transportation entails low capital investment as compared to other modes of transportation such as rail and air transportation system. This leads to the establishment of new companies, thereby propelling the segment growth. The waterways segment, on the other hand, would garner the fastest CAGR of 5.90% throughout the forecast period, owing to increasing popularity of containerization and rise in number of new ports.
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The food and beverages segment to dominate by 2027-
Based on product type, the food & beverages segment contributed to more than four-fifths of the global FMCG logistics market revenue in 2019, and is anticipated to rule the roost by 2027. Increase in working population and the trend of healthy eating have made way for packaged food and enabled restaurants to grow their business. This factor drives the segment growth. Simultaneously, the personal care segment would manifest the fastest CAGR of 5.10% during the forecast period.
Asia-Pacific, followed by North America, held the highest share in 2019-
Based on region, Asia-Pacific, followed by North America, held the highest share in 2019, garnering nearly half of the global FMCG logistics market. The same region would also portray the fastest CAGR of 5.10% from 2020 to 2027. This is attributed to the booming e-commerce industry in emerging economies. Moreover, increased adoption of outsourced logistics services in the region drives the market growth.
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Key Findings Of The Study
- Based on mode of transportation, the roadways segment generated the highest revenue in 2019.
- By product type, the food & beverages segment was the highest revenue contributor in 2019.
- By service type, the transportation segment was the highest revenue contributor in 2019.
- By region, Asia-Pacific contributed the highest revenue, followed by LAMEA, North America, and Europe in 2019.
The key players analyzed in the FMCG logistics market report include A.P. Moller – Maersk, C.H. Robinson Worldwide, Inc., DB SCHENKER (Deutsche Bahn Group (DB Group)), Deutsche Post AG (DHL Group), DSV (DSV Panalpina), FedEx, Geodis, Kuehne+Nagel, United Parcel Service, Inc. (UPS), and XPO Logistics, Inc.
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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