Global Fmcg Logistics Market

FMCG Logistics Market Size, Share, Growth Analysis, By Mode of Transportation(Railways, Airways, Roadways, and Seaways), By Product(Food & Beverages, Personal Care, Household Care, and Other Consumables), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25AG2020 | Region: Global | Published Date: March, 2024
Pages: 223 | Tables: 65 | Figures: 65

FMCG Logistics Market News

  • In February 2024, Nulogy, an organization known for its Supply Chain Collaboration Solutions, got a critical venture from Rubicon Technology Partners. Rubicon is a private equity firm situated in Boulder, Colorado, that works on supporting and developing software organizations.

  • In January 2024, Blue Dart, a logistics company, declared another partnership with French Express, a notable courier service in South India. This collaboration incorporates our domestic priority and APEX (AirPackages Express) services, which assist us with growing in a calculated manner. As a component of this partnership, we've added more than 1000 new areas to our organization in the southern locale. This shows our commitment to giving first-rate courier services and assists us with filling in significant business sectors.

     

  • In November 2023, CONCOR (Container Corporation of India) reported plans to transport fast-moving consumer goods (FMCG) freight on domestic courses.

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FMCG Logistics Market size was valued at USD 109 billion in 2022 and is poised to grow from USD 112.99 billion in 2023 to USD 150.64 billion by 2031, growing at a CAGR of 3.66% in the forecast period (2024-2031).

The Fast-Moving Consumer Goods (FMCG) Logistics market features a highly competitive landscape characterized by the presence of numerous established players and emerging regional providers. Key logistics companies, such as DHL, C.H. Robinson, Kuehne + Nagel, DB Schenker, and UPS, dominate the market with their extensive networks and comprehensive service offerings. These major players constantly engage in strategic initiatives like mergers, acquisitions, and partnerships to expand their market presence and gain a competitive edge. Collaborations with FMCG manufacturers and retailers enable them to offer integrated end-to-end supply chain solutions, enhancing their value proposition. 'DHL (Germany)', 'C.H. Robinson (United States)', 'Kuehne + Nagel (Switzerland)', 'DB Schenker (Germany)', 'UPS (United States)', 'Nippon Express (Japan)', 'DSV Panalpina (Denmark)', 'XPO Logistics (United States)', 'Expeditors International (United States)', 'Ceva Logistics (Switzerland)'

The globalization of FMCG markets has led to increased cross-border trade, creating opportunities for logistics providers to offer international shipping solutions.

E-commerce Growth: The rapid expansion of e-commerce has increased the demand for efficient FMCG logistics to handle last-mile deliveries and manage higher shipment volumes.

Between 2023 and 2030, the Asia Pacific region is expected to dominate the FMCG logistics market, driven by the rising purchasing power of the middle class and lower production costs due to commercialization. China and other emerging markets are projected to experience rapid growth in value-added services, fueled by the increasing demand for expensive consumer goods and perishables that require efficient logistics management for safety and handling. Southeast Asia, in particular, is emerging as a hotbed of growth opportunities for the consumer goods market, as evidenced by SF Express, China's leading express delivery company, acquiring Kerry Logistics for USD 2.3 billion in 2021 to expand its network in the region.

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Global Fmcg Logistics Market

Report ID: SQMIG25AG2020

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