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 Insights

Global 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 global FMCG logistics market is influenced by several factors, including the increasing presence of e-commerce in the industry, evolving consumer habits, changing lifestyles, and rising disposable incomes. The market's growth is further driven by the adoption of technology-driven logistics services and IoT-enabled connected devices. However, challenges such as poor infrastructure, higher logistics costs, and manufacturers' and retailers' limited control over logistics services can hinder market growth.

Despite the challenges, opportunities arise in the form of last-mile deliveries, logistics automation, cost-cutting measures, and lead time reduction through multi-modal systems adoption. Embracing these opportunities can fuel the expansion of the global FMCG logistics market, enabling efficient and effective transportation of goods to meet customer requirements.

US FMCG Logistics Market is poised to grow at a sustainable CAGR for the next forecast year.

FMCG Logistics Market Report Snapshots

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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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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

FMCG Logistics Market Insights

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