Global 3PL Market in FMCG Industry expected to display higher growth rate in upcoming years!
18-dec-2018 The global 3PL market in FMCG industry is expected to display higher growth rate over the next seven years. Rapid surge in industry is credited to therecent technological advancement in the logistics sector, rising transportation activities in both developed and developing economies across the globe and increasing shipping activities.
The number of service providers is improving their supply chain capabilities due to numerous growth opportunities available, thereby driving market growth, in the recent years. Globally, industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for industry participants to invest in research and development of 3PL market in FMCG industry.
Increasing demand for fast-moving consumer goods (FMCG) or consumer-packaged goods (CPG) is attributed to changing lifestyle, varying food patterns and rising disposable income. In addition, fast-moving consumer goods (FMCG) are relatively cheap and easily available in the market.
Additionally, shifting trends towards early adoption of advanced services such as automated freight payment and audit procedure to achieve cost-effectiveness are anticipated to drive the growth of third party logistics (3PL) market in FMCG industry over the forecast period. Other factors such as reduction of capital expenditure (CAPEX), risk management, better inventory management, and directing on the core competencies of different business operations.
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-3pl-market-in-fmcg-industry-2018-2022/request-sample
Robust growth of the third party logistics (3PL) market in FMCG industryis majorly attributed to the high-end international trade flow and the strong economic growth in the developing economies such as India, China and Brazil. Increasing transportation & infrastructural activates in Asia-Pacific and North America region is anticipated to boost market growth in the upcoming years.
Additionally, intra-regional trade and international among developing economies across the globe coupled with higher growth rate in the Asia Pacific region are expected to drive the growth of third party logistics (3PL) market in FMCG industry over the forecast period. The 3PL market in FMCG industry is broadly categorized into four major segments based on the product type such as processed food products, beverages, personal care and household products. Processed food productssegment is growing rapidly in the industry with substantial revenue generation in the last few years.
The 3PL market in FMCG industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in logistics sector, surge in number of research & development activities in the region and existence of well-established infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the 3PL market in FMCG industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, growing infrastructural activities, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the 3PL market in FMCG industry are CEVA Logistics Ltd., C.H. ROBINSON LLC, Deutsche Bahn AG, The Deutsche Post AG, Kuehne + Nagel International AG and Nippon Express Co., Ltd.
About 3PL in FMCG Industry
Food such as staples, dairy products, confectionary, fresh fruits and vegetables, processed foods, fresh and processed meat, and fish are some of the examples in the food category which are transported by the 3PL players. There is a rise in the sales of packaged food. This mainly due to the busy lifestyles which leave people with no time to cook at home. The change in consumer lifestyle coupled with the easy availability of packaged food is increasing the market for convenience food such as refrigerated appetizers, which in turn is increasing the global packaged food market that is expected to grow at a CAGR of more than 4% during the forecast period.
Covered in this report
The report covers the present scenario and the growth prospects of the global 3PL market in FMCG industry for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Thi report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• CEVA Logistics
• C.H. ROBINSON
• Deutsche Bahn
• Deutsche Post DHL Group
• Kuehne + Nagel
• Nippon Express
Other prominent vendors
• DACHSER
• GEFCO
• XPO Logistics
Market driver
• Increased adoption of technology by 3PL
• For a full, detailed list, view our report
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/global-3pl-market-in-fmcg-industry-2018-2022
Market trend
• Growing popularity of autonomous vehicles
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
The number of service providers is improving their supply chain capabilities due to numerous growth opportunities available, thereby driving market growth, in the recent years. Globally, industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for industry participants to invest in research and development of 3PL market in FMCG industry.
Increasing demand for fast-moving consumer goods (FMCG) or consumer-packaged goods (CPG) is attributed to changing lifestyle, varying food patterns and rising disposable income. In addition, fast-moving consumer goods (FMCG) are relatively cheap and easily available in the market.
Additionally, shifting trends towards early adoption of advanced services such as automated freight payment and audit procedure to achieve cost-effectiveness are anticipated to drive the growth of third party logistics (3PL) market in FMCG industry over the forecast period. Other factors such as reduction of capital expenditure (CAPEX), risk management, better inventory management, and directing on the core competencies of different business operations.
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-3pl-market-in-fmcg-industry-2018-2022/request-sample
Robust growth of the third party logistics (3PL) market in FMCG industryis majorly attributed to the high-end international trade flow and the strong economic growth in the developing economies such as India, China and Brazil. Increasing transportation & infrastructural activates in Asia-Pacific and North America region is anticipated to boost market growth in the upcoming years.
Additionally, intra-regional trade and international among developing economies across the globe coupled with higher growth rate in the Asia Pacific region are expected to drive the growth of third party logistics (3PL) market in FMCG industry over the forecast period. The 3PL market in FMCG industry is broadly categorized into four major segments based on the product type such as processed food products, beverages, personal care and household products. Processed food productssegment is growing rapidly in the industry with substantial revenue generation in the last few years.
The 3PL market in FMCG industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in logistics sector, surge in number of research & development activities in the region and existence of well-established infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the 3PL market in FMCG industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, growing infrastructural activities, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the 3PL market in FMCG industry are CEVA Logistics Ltd., C.H. ROBINSON LLC, Deutsche Bahn AG, The Deutsche Post AG, Kuehne + Nagel International AG and Nippon Express Co., Ltd.
About 3PL in FMCG Industry
Food such as staples, dairy products, confectionary, fresh fruits and vegetables, processed foods, fresh and processed meat, and fish are some of the examples in the food category which are transported by the 3PL players. There is a rise in the sales of packaged food. This mainly due to the busy lifestyles which leave people with no time to cook at home. The change in consumer lifestyle coupled with the easy availability of packaged food is increasing the market for convenience food such as refrigerated appetizers, which in turn is increasing the global packaged food market that is expected to grow at a CAGR of more than 4% during the forecast period.
Covered in this report
The report covers the present scenario and the growth prospects of the global 3PL market in FMCG industry for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Thi report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• CEVA Logistics
• C.H. ROBINSON
• Deutsche Bahn
• Deutsche Post DHL Group
• Kuehne + Nagel
• Nippon Express
Other prominent vendors
• DACHSER
• GEFCO
• XPO Logistics
Market driver
• Increased adoption of technology by 3PL
• For a full, detailed list, view our report
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/global-3pl-market-in-fmcg-industry-2018-2022
Market trend
• Growing popularity of autonomous vehicles
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Comments
Post a Comment