Latest News- FMCG Logistics Market in Europe: Food and beverages is expected to lead the Product segment during 2024-2028

The FMCG Logistics Market in Europe is being driven by Increasing adoption of technology in logistics industry

The FMCG Logistics Market in Europe is expected to grow at a CAGR of 4.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 55.71 billion. In the European FMCG market, which is characterized by its fragmentation and intense competition, 3PL providers are broadening their logistics solutions to attain operational efficiencies. Mergers and acquisitions (M&A) have become a popular strategy for logistics vendors to expand their reach and connectivity in the region. For instance, in May 2020, FedEx Corp. finalized a USD5 billion acquisition of TNT Express, the world's fourth-largest parcel operator. Similarly, C.H. Robinson Worldwide Inc. announced its acquisition of Combinex Holding BV in May 2021 to strengthen its European road transportation capabilities. These strategic moves enable 3PLs to cater to the increasing demands of FMCG companies and their end-users, ensuring seamless and efficient supply chain operations. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Food and beverages
  • Personal and beauty care
  • Health and hygiene care
  • Home care
• Service
  • Transportation
  • Warehousing
  • VAS
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing adoption of technology in logistics industry
• Growing FMCG industry in Europe
• Growing e-commerce market in Europe

However, the market also witnesses some limitations, which are as follows:

• Lack of skilled drivers in logistics industry
• High cost of operations in FMCG industry
• High cost of technological investments

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Market Scope in FMCG Logistics Market in Europe Research Report

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Research Analysis Overview

The European FMCG logistics market encompasses various sectors including cold chain logistics, e-commerce, transportation management, and supply chain optimization. Key trends involve warehouse automation, inventory management, last-mile delivery, and distribution networks. Freight forwarding, reverse logistics, and third-party logistics are also significant. Supply chain visibility, demand forecasting, and logistics outsourcing are crucial for resilience. Cold storage facilities, fleet management, and transportation costs remain essential considerations. Logistics technology, such as blockchain and AI, and sustainability initiatives like green supply chain, are shaping the future of the industry.

Market Research Overview

The European FMCG logistics market is a significant segment of the global air freight and logistics market, encompassing revenue generated from providers of air freight transportation, courier services, and logistics solutions, including warehousing, distribution, inventory management, and customs agents. Key drivers for the expansion of this market include the surge in e-commerce activities, particularly cross-border transactions, which necessitate efficient logistics networks for the timely transportation of food and beverage, personal care, and household care products. Technavio's market analysis also highlights the importance of advanced technologies, such as seaports, road networks, and truck platooning, in optimizing supply chains and reducing transportation costs. Logistics investments in automation, digitalization, and sustainability are further expected to fuel market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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