Report ID: SQMIG25AG2020
Report ID:
SQMIG25AG2020 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
65 |
Figures:
65
FMCG Logistics Market size was valued at USD 112.99 Billion in 2023 and is poised to grow from USD 117.13 Billion in 2024 to USD 156.15 Billion by 2032, growing at a CAGR of 3.66% during the forecast period (2025-2032).
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.
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Report ID: SQMIG25AG2020