FMCG Logistics Market Size to Record 3.66% CAGR Over 2023-2030; Growing Use of Cloud Systems in Logistics Management to Improve Market Progress

The global FMCG logistics market size touched USD 108.50 billion in 2022 and is predicted to reach USD 111.43 billion in 2023. The market is anticipated to touch USD 143.26 billion by 2030, recording a CAGR of 3.66% over 2023-2030.

Fortune Business Insights™ presents this information in its latest report titled “FMCG Logistics Market Size, Share & COVID-19 Impact Analysis, By Mode of Transportation (Railways, Airways, Roadways, and Seaways), By Product Type (Food & Beverages, Personal Care, Household Care, and Other Consumables), and Regional Forecasts, 2023-2030”.

The FMCG sector is growing at a notable pace every year as there are a wide range of goods that are used on a daily basis and come in different product types, such as home, personal care, beauty, health, and food & beverage. These products are readily available at all times across physical and virtual stores. This is why manufacturers need to rely on robust logistics solutions to ensure that their products reach faster and incur less cost while doing so. Many fast-moving consumer goods companies are outsourcing their logistics operations to close the gap between operational processes and sales planning and decrease their delivery time. These factors are expected to boost the FMCG logistics market growth.

COVID-19 Pandemic Caused Supply Chain Disruptions, Hindered Market Growth

The COVID-19 outbreak had a negative impact on world’s supply chain functions as there was a severe shortage of raw materials and labor force due to the trade restrictions imposed by governments. The pandemic created a lot of pressure on the transportation & logistics sector as the movement of goods from one place to the other became a difficult task. These challenges disrupted the supply chain networks, which further hampered the demand for FMCG logistics solutions.

RCS Logistics’ New Partnership Ensure One-stop Service for RCS Customers

In February 2023, FourKites and RCS Logistics have announced a partnership to provide RCS customers with a one-stop service, offering complete visibility into ocean, water, air, intermodal, and overland (OTR) transportation. Using FourKites' real-time supply chain data, RCS' internal teams and customers will benefit from automatic, real-time visibility into the status and location of shipments in transit and storage across the world.

Growing Use of Cloud Systems in Logistics Management to Improve Market Progress

The transportation & logistics sector is witnessing a strong rise in the adoption of advanced technologies to improve its overall efficiency and performance. Many start-up companies are planning to increase their investments in various technologies by 2025. The leading companies operating in this market are also looking to adopt these technologies and make their supply chain operations digital to stay ahead of their competition. They are adopting cloud-based systems, such as Transportation Management System (TMS) to boost automation, streamline workflows, and remove manual tasks. A cloud-based TMS can be deployed and accessed from anywhere in the world. These advantages of cloud systems will drive their adoption in the FMCG sector.

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Competitive Landscape

Partnership With Top Companies to Help One Network Enterprises (ONE) Boost Its Market Presence

One Network Enterprises (ONE) offers autonomous supply chain management services to help leading companies across the world get several benefits and efficiencies from their supply chain activities. For example, in March 2021, ONE announced that one of its clients, Cummins Inc., which is one of the key energy companies, would go live with its multi-level inventory optimization, attribute-based forecasting, and inbound shipment visibility. ONE’s supply chain control tower solution would assist Cummins in improving its real-time visibility in the European aftermarket operations.

Notable Industry Development:

• May 2021: Kuehne+Nagel announced the acquisition of Apex International Corporation. Founded in China in 2001, with its headquarters in Shanghai and Hong Kong, Apex has become one of Asia's top freight forwarders, well known in the Pacific Rim and Intra-Asia region. The company operates in the field of air logistics services and operates in 13 nations.

List of the Companies Profiled in the Report:

• 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.)

Further Report Findings

• Asia Pacific accounted for the largest FMCG logistics market share as the region is noticing a considerable rise in the disposable income of the regional population. Due to this factor, people are motivated to buy expensive household items, which will further fuel the regional market growth.
• The market in Europe is anticipated to be the fastest-growing region during the forecast period as the region’s FMCG industry has shown encouraging growth in recent years. Moreover, other factors, such as the rising adoption of advanced technologies in the logistics sector and the growing e-commerce market will further accelerate the market expansion in the region.
• The food & beverage segment accounted for the largest share in the market as there are many sub-sectors within this sector as well, such as cheese/dairy, packaged foods, beverages, ingredient suppliers, and frozen foods. Since these foods are perishable in nature, it is important to provide them with air-conditioned storage and transportation. This factor is expected to augment the adoption of innovative FMCG logistics solutions.

Table of Segmentation