Personal Care Product Type to Grow at CAGR 5.10% During 2020–2027

PORTLAND, ORAGON, UNITED STATES, August 26, 2022 /EINPresswire.com/ — Allied Market Research published a report, titled, “FMCG Logistics Market by Mode of Transportation (Railways, Airways, Roadways, and Waterways), Product Type (Food & Beverages, Personal Care, Household Care, and Other Consumables), and Service Type (Transportation, Warehousing, and Value Added Services): Global Opportunity Analysis and Industry Forecast, 2020–2027.” The global FMCG logistics market was valued at $1,056.58 billion in 2019, and is projected to reach $1,400.80 billion by 2027, registering a CAGR of 4.6% from 2020 to 2027. By mode of transportation, the roadways segment was the highest revenue contributor in 2019, accounting for $431.66 billion, and is estimated to reach $518.08 billion by 2027, registering a CAGR of 3.30% during the forecast period.

Download Report (266 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/9133

Drivers, restraints, and opportunities-

Growing penetration of e-commerce in the FMCG industry, changing lifestyles & consumer habits, surge in disposable income, rise in tech-driven logistics services, and growing adoption of IoT-enabled connected devices fuel the FMCG logistics market. On the other hand, poor infrastructure, higher logistics costs, and lack of control of manufacturers and retailers on logistics services impede the growth to some extent. However, emergence of last mile deliveries coupled with logistics automation is expected to create multiple opportunities in the industry.

Covid-19 scenario-

The breakout of the covid-19 virus hugely impacted the supply of goods and gave way to distorted supply chain. Additionally, countries across the world imposed nationwide shutdown of almost all retail outlets for the fast moving consumer goods. Accordingly, the global FMCG logistics market received a huge blow.
However, the global situation is getting better at a gradual pace and the market is anticipated to revive soon.
Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/9133

The roadways segment to maintain the lion’s share-

Based on mode of transportation, the roadways segment accounted for around two-fifths of the global FMCG logistics market share in 2019, and is expected to lead the trail by the end of 2027. Roadways logistics transportation entails low capital investment as compared to other modes of transportation such as rail and air transportation system. This leads to the establishment of new companies, thereby propelling the segment growth. The waterways segment, on the other hand, would garner the fastest CAGR of 5.90% throughout the forecast period, owing to increasing popularity of containerization and rise in number of new ports.

The food and beverages segment to dominate by 2027-

Based on product type, the food & beverages segment contributed to more than four-fifths of the global FMCG logistics market revenue in 2019, and is anticipated to rule the roost by 2027. Increase in working population and the trend of healthy eating have made way for packaged food and enabled restaurants to grow their business. This factor drives the segment growth. Simultaneously, the personal care segment would manifest the fastest CAGR of 5.10% during the forecast period.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/fmcg-logistics-market/purchase-options

Asia-Pacific, followed by North America, held the highest share in 2019-

Based on region, Asia-Pacific, followed by North America, held the highest share in 2019, garnering nearly half of the global FMCG logistics market. The same region would also portray the fastest CAGR of 5.10% from 2020 to 2027. This is attributed to the booming e-commerce industry in emerging economies. Moreover, increased adoption of outsourced logistics services in the region drives the market growth.

Key players in the industry-

C.H. Robinson Worldwide, Inc.
Deutsche Post AG (DHL Group)
A.P. Moller – Maersk
DSV (DSV Panalpina)
FedEx
Geodis
Kuehne+Nagel
DB SCHENKER (Deutsche Bahn Group (DB Group))
United Parcel Service, Inc. (UPS)
XPO Logistics, Inc.

Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/9133

Similar Reports We Have on Logistics Industry:

Electric Vehicle Power Inverter Market – https://www.alliedmarketresearch.com/electric-vehicle-power-inverter-market-A08757
Electrical Park Brake (EPB) Market – https://www.alliedmarketresearch.com/electrical-park-brake-market-A08756
Global Headlight Control Module Market – https://www.alliedmarketresearch.com/headlight-control-module-market-A08778

About Us –

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn