Report Code : A08768
By mode of transportation, the roadways segment is dominating the market in terms of revenue. In addition, by product type, the food & beverages segment dominated the FMCG logistics market in 2019. Region-wise, Asia-Pacific is anticipated to be the highest revenue contributor, and is expected to lead in the future, followed by LAMEA and North America.
Pranav Padalkar
Lead Analyst, Automotive and Transportation
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.
The Asia-Pacific region is dominating the market in term of revenue, followed by LAMEA, North America, and Europe. In Asia-Pacific, China dominated the FMCG logistics market in 2019, whereas India is
expected to grow at a significant rate during the forecast period.
FMCG logistics involves the movement of fast movable consumer goods from one place to another in a shorter time span. This involves services, such as material handling, packaging, transportation, inventory, security, and warehousing, which can be scaled according to customer needs and market conditions. FMCG logistics service providers are responsible for the delivery of materials or goods from manufacturers to consumers.
Moreover, introduction of ‘direct-to-consumer’ initiative by FMCG companies, wherein a consumer can order FMCG products direct to the home through online channel also propels the market growth In addition, attributed to rise in globalization, various activities related to trade are witnessing increased growth. Therefore, it is becoming difficult for manufactures or retailers to keep track of these activities in an efficient manner. This factor is expected to drive the FMCG logistics market for logistics companies. Moreover, development of the overseas market is a significant factor that fuels the growth of the market.
COVID-19 impact analysis
The factors that drive the global FMCG logistics market include the growing penetration of e-commerce in the FMCG industry, changing lifestyles, rapidly evolving consumer habits, increasing disposable income, rising tech-driven logistics services, and escalating adoption of IoT-enabled connected devices.
Moreover, poor infrastructure & higher logistics costs and lack of control of manufacturers and retailers on logistics service hamper the growth of the global market. However, emergence of last mile deliveries coupled with logistics automation, cost cutting, and lead time reduction due to adoption of multi-modal system are expected to offer lucrative opportunities for the growth of the global FMCG logistics market.
The global FMCG logistics market is segmented on the basis of mode of transportation, product type, service type, and region. Railways, airways, roadways, and waterways are studied under the mode of transportation segment. Food & beverages, personal care, household care, and other consumables are categorized under product type. By service type, the market is divided into transportation, warehousing, and value added services. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings Of The Study
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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FMCG Logistics Market by Mode of Transportation (Railways, Airways, Roadways, and Waterways), Product Type (Food & Beverages, Personal Care, Household Care, and Other Consumables), and Service Type (Transportation, Warehousing, and Value Added Services): Global Opportunity Analysis and Industry Forecast, 2020–2027
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