Product ID: SQMIG25AG2020
Global FMCG Logistics Market Size, Share, Growth Analysis, By Mode of Transportation(Railways, Airways), By Product(Food & Beverages, Personal Care) - Industry Forecast 2024-2031
Report ID:
SQMIG25AG2020 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
65 |
Figures:
65
Global FMCG Logistics Market Regional Insights
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.
North America holds the second-largest position in the market, benefiting from its diverse coastlines and cruising destinations. The region is witnessing a rising demand for green logistics, driven by environmental concerns. The growing e-commerce sector and the trend of online shopping in countries like the United States and Canada are expected to drive the market between 2023 and 2030. Additionally, the adoption of low-emission FMCG logistics, especially through the use of electric vehicles, is expanding. Maersk's acquisition of 110 electric Volvo VNR trucks for North America in 2022 exemplifies this trend.
Europe is poised to be the fastest-growing region in the coming years, fueled by its expanding fast-moving consumer goods industry, growing e-commerce market, and increasing adoption of advanced logistics technologies. However, challenges such as a shortage of skilled drivers, high operating costs, and significant technology investment costs may hamper the market's growth in the region. To succeed, vendors must focus on opportunities in fast-growing segments while maintaining their positions in slower-growing ones.
Global FMCG Logistics Market Report Snapshots
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