Published on : Feb 21, 2018
ALBANY, New York, Feb 21, 2018: The report covers the present growth dynamics of the global market for 3PL (3rd party logistics) market with respect to the FMCG (fast-moving consumer goods) industry. The report states that the market will expand at a promising 6% CAGR over the period between 2018 and 2022.
Owing to the rising intensity of competition, FMCG companies are increasingly preferring to outsource logistics to 3PL companies and focusing more on core competencies. The vast resource networks of 3PL companies provide them a massive advantage over in-house logistics services. Moreover, outsourcing non-core operations to 3PL companies help FMCG players save money and time and provide services with a high level of scalability, flexibility, and expertise. The increased understanding regarding this is expected to increase the demand for 3PL services in the FMCG industry.
The report presents a complete and comprehensive assessment of the various factors that are expected to drive, challenge, and regulate the market over the next few years. The report also presents an assessment of the growth trajectory of the market in the past few years, presenting an analysis of the trends and other factors that have impacted the market notably.
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The report segments the market on the basis of end-user into personal care, household care, food, and beverage. Of these, the food industry is presently the leading stakeholder in the global 3PL kin FMCG maker owing to the rising consumption of packaged food products across a number of countries, especially across several emerging economies. The hectic lifestyles of the population and the lack of time to cook food in regions with emerging economies have drastically transformed food preferences and the demand for packaged foods has soared. Moreover, rising population and the continuous increase in the number of retail outlets across the globe are also driving the market.
The report also presents a detailed analysis of the market from a geographical perspective, segmenting the market into Americas, APAC (Asia Pacific), and EMEA (Europe, Middle East and Africa). The report states that the market in APAC will emerge as the leading revenue opportunity for the 3PL market in FMCG industry. The rising consumption of personal care products, foods, and beverages in the region will contribute to the promising growth avenues of the APAC 3PL market in FMCG industry. Rising disposable incomes and the thriving cosmetics industry will also play a key role in helping the Asia Pacific 3PL market in FMCG industry expand at a promising pace.
The report also presents a comprehensive account of the competitive landscape of the market, covering business profiles of some of the most prominent contributors to the market and the development of the market over the years. The report states that the market features a largely fragmented vendor landscape and has a number of regional and international companies. The market is highly competitive and companies compete on the basis of factors such as delivery speed, price, supply chain capacity, and reliability. Companies are differentiating their services and product portfolios from other players by entering into strategic alliances, mergers, and acquisitions.
Some of the leading companies operating in the global 3PL market in FMCG industry profiled in the report are C.H. ROBINSON, Deutsche Bahn, Deutsche Post DHL Group, Kuehne + Nagel, Nippon Express, DACHSER, XPO Logistics, GEFCO, and CEVA Logistics.
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