The global FMCG logistics market is anticipated to grow at a significant CAGR of 4.6% during the forecast period. The growing penetration of IoT-enabled connected devices and a surge in tech-driven logistics services will boost the market growth. The FMCG logistics market has been fundamentally transformed by changing technical trends and their deployment in FMCG applications. The Companies have started incorporating emerging innovations into their FMCG supply chain, such as IoT, analytics, robotics, and cloud computing. Advanced supply chain technologies, including drone delivery, has cut lead times and inventory for FMCG companies, allowing them to meet their need for personalization and quick delivery. For instance, in September 2019, FedEx entered into a partnership agreement with Wing Aviation LLC and Walgreens to launch the first drone shipping service in Christiansburg, Virginia. It demonstrates how drone delivery may help communities by examining ways to improve last-mile delivery, increase access to health-care supplies, and provide a new source of revenue for local companies.
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The COVID-19 pandemic had disrupted the supply chain operations of various industries across the globe, which had negative impact on FMCG logistics market. Furthermore, almost all retail establishments for non-essential consumer products, such as apparel, gadgets, and fashion accessories, were forced to shut down around the globe. This has reduced the need for products to be transported, dealing a major setback to the global FMCG logistics industry. The food and beverage business has also seen the effects, as offline dining establishments such as restaurants and cafés were closed and online food orders were decreased. Additionally, consumer purchasing power has been significantly diminished as a result of job losses or salary reduction. All of this has had a tremendous impact on the FMCG logistics sector. As the COVID-19 situation normalizes, the FMCG logistics market started recovery as industrial and distriution operations were normalized after the recovery.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global FMCG Logistics Market Report by Segment
By Type
- Food & Beverages
- Household Care
- Personal Care
- Other Consumables
By Mode of Transportation
- Railway
- Airways
- Roadways
- Waterways
By Service Type
- Warehousing
- Transportation
- Value Added Services
Global FMCG Logistics Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global FMCG logistics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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