FMCG logistics market to reach $164.1 billion by 2032, driven by consumer demand

From GlobeNewswire: 2024-11-25 06:00:00

The FMCG logistics market is set to reach USD 164.1 billion by 2032, driven by increasing consumer demand for convenience. Businesses are adapting their strategies with on-demand delivery and technology like AI and blockchain for better efficiency. Automation with drones and autonomous vehicles is cutting costs and speeding up deliveries.

Within the FMCG market, food & beverages hold over 40% of the share and are expected to exceed USD 70 billion by 2032. Transportation services, accounting for 35% of the market, are crucial for fast delivery and efficient supply chain management, especially with the rise of e-commerce and on-demand services.

China’s FMCG logistics market is projected to hit USD 13.7 billion by 2032, fueled by urbanization, a growing middle class, and e-commerce growth. Advances in supply chain technology are enhancing efficiency, meeting the rising expectations of consumers in the Asia-Pacific region for faster deliveries and expanded product ranges.



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