Global 3PL Market in FMCG Industry 2018-2022
About 3PL in FMCG Industry
Food such as staples, dairy products, confectionary, fresh fruits and vegetables, processed foods, fresh and processed meat, and fish are some of the examples in the food category which are transported by the 3PL players. There is a rise in the sales of packaged food. This mainly due to the busy lifestyles which leave people with no time to cook at home. The change in consumer lifestyle coupled with the easy availability of packaged food is increasing the market for convenience food such as refrigerated appetizers, which in turn is increasing the global packaged food market that is expected to grow at a CAGR of more than 4% during the forecast period.
Technavio’s analysts forecast the global 3PL market in FMCG industry to grow at a CAGR of 5.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 3PL market in FMCG industry for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 3PL Market in FMCG Industry 2018-2022
Technavio recognizes the following companies as the key players in the global 3PL market in FMCG industry: CEVA Logistics, C.H. ROBINSON, Deutsche Bahn, Deutsche Post DHL Group, Kuehne + Nagel, and Nippon Express.
Other Prominent Vendors in the market are: DACHSER, GEFCO, and XPO Logistics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of autonomous vehicles. Autonomous vehicles are increasingly getting popular with companies, such as Google's driverless car that rode 1.6-2.2 million miles in October 2016. It is estimated that companies are expecting the commercialization of autonomous cars by 2019-2022. The popularity of the autonomous vehicles has gained ground into the logistics sector. For example, self-driving vehicles have made inroads in logistics, reaching a level of maturity for commercial use in warehouse operations. In August 2016, it was observed that the introduction of vision-guided autonomous forklifts increased Giant Eagle's warehouse productivity by more than 10%.”
According to the report, one driver in the market is increased adoption of technology by 3PL. The 3PL industry is transforming on many aspects such as the adoption of new technologies, which is changing the entire logistics chains. Customers of 3PL are not just looking for a traditional solution of transporting or distributing the goods but rather for supply chain related information using new technologies to optimize the supply chain. Hence, FIVICG companies or any other companies looking to employ a 3PL is also looking for logistics technology and analytics that can help them to anticipate and adapt to the changing supply chain dynamics.
CEVA Logistics, C.H. ROBINSON, Deutsche Bahn, Deutsche Post DHL Group, Kuehne + Nagel, Nippon Express, DACHSER, GEFCO, and XPO Logistics.
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