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Exclusive Research Report by FMI

The retail market in the United States stands as one of the most prominent and dynamic in the world, boasting key players such as Walmart among its ranks. As per our data, total retail sales in the United States surged to an impressive US$ 7.24 trillion in 2023. This substantial figure underscores the robust consumer demand and market vitality within the nation.

NEWARK, Del, April 26, 2024 (GLOBE NEWSWIRE) — The FMCG logistics market is on its way to marking a valuation of US$ 117.1 billion in 2024. With the rapid boom of both the eCommerce and FMGC industry, market players can expect a 4.1% CAGR between 2024 and 2034. This could potentially result in a market valuation of US$ 175.0 billion by 2034.

As consumer preferences move towards online shopping, the demand for fast-moving consumer goods has increased, which has created new opportunities for investors to invest in the industry. With the integration of better technology and improved convenient logistic services, the market is expected to gain even more potential in the coming years.

FMCG companies are actively investing in research and development activities related to logistics to provide more convenience to their consumers. This has led to the development of new logistics solutions that are more efficient and cost-effective. The use of new technologies such as automation, artificial intelligence, and blockchain is expected to streamline the FMCG logistics industry and make it more efficient.

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Urbanization is another factor positively impacting the FMCG logistics industry. As more people move to urban areas, there is immense demand for packaged beverages, food products, and personal care items. This has led to the development of new logistics solutions that cater to the needs of urban consumers. For example, last-mile delivery solutions have become increasingly popular among urban consumers who value convenience and speed.

The increase in disposable income among middle-class people is also contributing to the growth of the FMCG logistics industry. As people’s incomes rise, they are increasingly spending money on fast-moving consumer goods such as beverages, personal care products, and other household items. This trend is expected to continue in the coming years, ultimately leading to further growth in the FMCG logistics market.

The changing retail landscape is also driving the growth of the FMCG logistics industry. Retail places such as supermarkets, hypermarkets, and online stores are gaining popularity and they are offering a wide range of FMCG products. This trend has created new opportunities for FMCG logistics companies to expand their reach and enrich their services.

“The need for sustainable logistics solutions is also driving the growth of the FMCG logistics industry. Consumers are becoming more environmentally conscious and are looking for logistics solutions that are sustainable and have a low environmental impact. This has led to the development of new logistics solutions that are more eco-friendly” – Opines Ronak Shah (Associate Vice President at Future Market Insights).

Key Takeaways from the FMCG Logistic Market

  • The FMCG logistic market is on track to register a CAGR of 4.1%, reaching a valuation of US$ 175.0 billion by 2034.
  • Roadways segment is set to dominate the market by registering a 3.9% CAGR from 2024 to 2034.
  • With a 3.7% market CAGR, the food and beverage segment is en route to lead the market from 2024 to 2034.

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Competitive Landscape

In an effort to enhance the consumer experience, market providers are adopting innovative marketing strategies for logistics transportation. As a result of ongoing research and development, the market is expected to experience significant growth in the foreseeable future. Leading industry players are investing heavily in advancing their logistics services to capture a larger market share. Additionally, governments and other regulatory bodies are engaging with logistics providers to support their research and development efforts.

Recent Development in the FMCG Logistic Market

In 2023, Reliance Retail achieved a significant milestone by expanding its presence through the addition of 3,300 new stores. This has brought the total number of stores to a whopping 18,040. This has resulted in a combined area of 65.6 million square feet, making it a retail giant in India. The company’s commitment to offering an outstanding and seamless shopping experience to its customers across the country is reflected in this expansion.

Key Player

  • C.H. Robinson Worldwide Inc.
  • United Parcel Service, Inc.
  • FedEx Corp
  • Deutsche Post AG
  • Kuehne+Nagel International AG
  • A.P. Moller – Maersk
  • Schenker AG
  • DSV Solutions
  • Nippon Express Holdings, Inc.
  • Landstar System Holdings, Inc.

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Key Segments

By Mode of Transportation:

  • Railways
  • Airways
  • Roadways
  • Seaways

By Product Type:

  • Food & Beverages
  • Personal Care
  • Household Care

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Authored By:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging. 

Explore Future Market Insights, Inc. Extensive Coverage On Services and Utilities Domain:

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The global eCommerce logistics industry is anticipated to witness remarkable growth, surging to US$ 626.23 billion in 2023 and projecting a robust CAGR of 17.8% to attain a market value of US$ 3221.36 billion by 2033. By the year 2022, the market is forecasted to reach US$ 531.6 billion.

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The waste recycling services market is estimated to be valued at US$ 60 billion in 2023 and is anticipated to achieve a valuation of US$ 110 billion by 2033, propelled by a forecasted CAGR of 6.2%.

The facility management services market is expected to witness growth at a CAGR of 5.4%, with an estimated valuation of US$ 46,858.5 million in 2023, anticipated to rise to nearly US$ 79,285.6 million by the end of the forecast period.

The global power rental market is anticipated to reach a valuation of US$ 10.22 billion in 2023, with a projected CAGR of 6.0% between 2023 and 2033, culminating in a market worth around US$ 18.31 billion by 2033.

The global online laundry services market is poised for exponential growth, with a market value of US$ 31 billion in 2023 and expected to reach US$ 450 billion by 2033, registering an impressive CAGR of 30% during the forecast period.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
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Originally published at https://www.einpresswire.com/article/706769012/fmcg-logistic-market-projected-to-reach-us-175-0-billion-by-2034-exclusive-research-report-by-fmi

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