FMCG Logistics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of FMCG Logistics Market
The FMCG logistics market size was valued at USD 108.5 billion in 2023, and the market is now projected to grow from USD 111.43 billion in 2024 to USD 143.26 billion by 2032, exhibiting a CAGR of 3.66% during the forecast period of 2024-2032.
The COVID-19 outbreak occurred in 2019 and significantly affected supply chain networks and logistic transportation capacities. The operations of shippers together with the management of supply chains of some countries were impacted by exit restrictions that had been put in place. In regards to this, the FMCG logistics market growth declined.
This shift towards automation in logistics has been brought about by innovations such as IoT, artificial intelligence, robotics, automation, blockchain, UAVs, electric cars, digital analytics and line visibility in FMCG plants. These technologies are thus attracting adoption in supply chain networks of FMCG companies. This may also have an impact on the increase in the FMCG logistics market share, a situation that may be beneficial in the long run.
Electronic commerce and sales of goods and services through computer telecommunications, now account for about 7% of the global Fast Moving Consumer Goods market. It is transforming the retail industry by offering versatility in shipping choices and status updates on shipment, returns policies, inventory, and estimated time of arrival.
Comprehensive Analysis of FMCG Logistics Market
The FMCG logistics market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by mode of transportation, & by product type. The modes of transportation include: railways, airways, seaway, and roadways. By product type the market can be divided into: food & beverages, personal care, household care, and other consumables.
The Asia Pacific region leads the FMCG logistics market by benefitting a market size of USD 54.97 billion in 2023 due to the presence of several key players who adopt advanced technologies in the region.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: C.H. Robinson Worldwide Inc. (U.S.) United Parcel Service, Inc. (UPS) (U.S.) FedEx Corp (U.S.) Deutsche Post AG (Germany) Kuehne+Nagel International AG (Switzerland) A.P. Moller – Maersk (Denmark) Schenker AG (Germany) DSV Solutions (Denmark) Nippon Express Holdings, Inc.(Japan) Landstar System Holdings, Inc. (U.S.)
In February 2023, FourKites and RCS Logistics have announced a partnership to provide RCS customers with a one-stop service, water, offering complete visibility into ocean, overland (OTR) transportation, air, and, intermodal.
Segmentation Table
Global FMCG Logistics Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 3.66% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Component, Deployment Mode, & Enterprise Type, & End user.
By Modes of Transportation Railways
Airways
Roadways
Seaways
By Product types Food & Beverages
Personal Care
Household Care
Other Consumables
By Region North America (By Mode of Transportation, Product Type, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Mexico (By Product Type)
Europe (By Mode of Transportation, Product Type, and Country)
- U.K. (By Product Type)
- Germany (By Product Type)
- France (By Product Type)
- Rest of Europe (By Product Type)
Asia Pacific (By Mode of Transportation, Product Type, and Country)
- China (By Product Type)
- Japan (By Product Type)
- India (By Product Type)
- South Korea (By Product Type)
- Rest of Asia Pacific (By Product Type)
Rest of the World (By Mode of Transportation, Product Type, and Country)
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