Bangladesh Contract Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Bangladesh Contract Logistics Market is segmented By Type (Outsourced and Insourced), By End User (Manufacturing and Automotive, Consumer Goods and Retail, High-Tech, Healthcare, and Pharmaceuticals, and Other End Users). The report offers the Bangladesh Contract Logistics market size and forecasts in values (USD billion) for all the above segments.

Bangladesh Contract Logistics Market Size

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Bangladesh Contract Logistics Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 6.00 %
Market Concentration Medium

Major Players

Bangladesh Contract Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Bangladesh Contract Logistics Market Analysis

The Bangladesh Contract Logistics Market is valued at about USD 5 Billion and is expected to grow at a CAGR of more than 6% during the forecast period. The need for logistics services has significantly increased as a result of the fast-paced modernization and expansion of the Bangladesh economy.

  • Bangladesh, a nation the size of Iowa that borders both India and Burma and is located in the northeastern corner of the Indian subcontinent, is expected to have 169 million people living there by the year 2022, according to the World Bank.
  • The eighth most populous nation in the world and the most densely populated outside of city-states is Bangladesh. Bangladesh is a fantastic prospective market for American products.
  • The high ratio of non-performing loans (NPL) in state-controlled banks is a recurrent issue that the financial industry must address. The Government of Bangladesh (GoB) actively seeks foreign investment, especially in the infrastructure, agribusiness, light manufacturing, energy, and apparel industries.
  • The government's industrial policy and export-oriented growth strategy include a variety of investment incentives.
  • Bangladesh's success in both local and international logistics prospects has helped the nation move up four spots to rank 35th among the world's 50 most promising growing logistics markets.
  • Since the last five years, Bangladesh has remained in the index's bottom four spots among the four rising South Asian countries. Based on four metrics business fundamentals, digital readiness, domestic logistics opportunities, international logistics opportunities, and factors that make them appealing to logistics providers, freight forwarders, air and ocean carriers, distributors, and investors the index ranked the world's 50 leading emerging markets for overall competitiveness.
  • While Bangladesh improved eight spots to take up the 33rd spot in the global logistics opportunities metric. This indicator assesses the capacity of various emerging markets to support cross-border logistics operations as well as the internal and external demand for trade-intensive logistics services.

Bangladesh Contract Logistics Market Trends

Pharmaceutical and healthcare spending is driving the market

One of the industries with the highest export potential is pharmaceuticals, which can provide 98% of domestic demand and have a domestic market of USD 3.5 billion. Several developed, developing, and least developed nations (LDCs) purchased USD 188.8 million worth of export in FY22. The vast majority of Bangladesh's raw material and chemical imports come from developing nations including China, India, Korea, Singapore, and Malaysia, and totaled roughly USD 1.050 billion last year. Pharmaceuticals and chemicals made up only 1.94% of all foreign direct investments, with the United Kingdom accounting for 40.6%, India for 7.1%, and the Netherlands for 5.7%. More foreign direct investment is required for improved technical transfer.

The export of pharmaceutical products is one of the main opportunities, and Bangladesh's pharmaceutical industry has long been planning for this. Around 20 to 22 businesses in the industry are investing a lot of money in R&D to increase exports. The local businesses are working very hard to produce raw materials at affordable pricing. Active pharmaceutical ingredients (API) have been successfully produced by numerous businesses for some goods. For a variety of products, Incepta can also create APIs.

Bangladesh Contract Logistics Market: Online Pharmacy Penetration Rate in Bangladesh, In Percentage, 2019-2022

Growth in E-commerce is Driving the Market

The expansion of online meal delivery services like HungryNaki and FoodPanda is proof that B2C websites have gained popularity in big cities. The demand for home delivery services has also increased as a result of severely congested highways and hazardous driving conditions. B2C initiatives may also be seen in Facebook-based shopping portals like Shoprbd and ShoptoBd, which let Bangladeshi consumers buy goods from popular international e-commerce destinations like the US, the UK, India, and China. C2C companies are expanding as well. The top competitors in this market are Bikroy, Ekhanei, and ClickBd. The C2C market has lately undergone some consolidation as a result of the acquisitions of CellBazar by Telenor Group and playeOLX by Ekhanei.com. Online hiring is also on the rise, particularly in the private sector.

In Bangladesh, several B2B websites offer manufacturing and supply chain solutions. For instance, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and other sizable ready-made garment companies have implemented B2B e-commerce solutions for international ready-made garment (RMG) orders and procurement.

Consumers can now purchase goods online with more ease thanks to the expanding mobile financial services (MFS) market, which is helping the e-commerce sector. A survey by the Asian Development Bank (ADB) on the cottage, micro, small, and medium enterprise (CMSME) sector predicts that the market would triple in size by 2023. There are currently 2,500 or more e-commerce businesses operating in the nation, and there are at least 50,000 business pages on Facebook.

Bangladesh Contract Logistics Market: Penetration Rate of Grocery Delivery, By Segment, Bangladesh, In Percentage, 2019-2022

Bangladesh Contract Logistics Industry Overview

The market for contract logistics in Bangladesh is incredibly fragmented. In Bangladesh, the market for contract logistics is booming. It is frequently viewed as the greatest approach for companies to expand their logistical processes while managing the expanding cross-border flow of commodities. Cost reduction, the presence of specialized service providers, the existence of industrial zones, and the expansion of industrialization are the market's driving forces.

Bangladesh Contract Logistics Market Leaders

  1. DHL

  2. We Freight

  3. Maresk

  4. SARVAM Logistics

  5. GEODIS

*Disclaimer: Major Players sorted in no particular order

Bangladesh Contract Logistics Market Concentration
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Bangladesh Contract Logistics Market News

  • May 2023: To serve Bangladesh's ever-expanding readymade garments (RMG) industry, DHL Global Forwarding, the freight-specializing division of Deutsche Post DHL Group, recently committed more than 2 million euros to extend its specialized Container Freight Station (CFS) capacity. Less than 20 CFSs are present in the entire nation of Bangladesh, making CFSs rare. These facilities assist in gathering products from various sources, combining them into a single container, and then transporting the container to the desired location.
  • November 2022: With the construction of a brand-new 100,000-square-foot facility in Chattogram, Maersk (Maersk) is increasing the size of its warehouse operations in Bangladesh. The new facility is conveniently situated close to the Chattogram Port and has easy access to the Dhaka-Chattogram Highway through the Outer Ring Road and Karnaphuly Tunnel, providing Bangladeshi garment exporters based in the nearby manufacturing centers with simple access.
  • July 2022: 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Value Chain/Supply Chain Analysis

    3. 4.3 Government Regulations and Initiatives

    4. 4.4 Technological Trends

    5. 4.5 Insights on the E-commerce Industry (Domestic and Cross-border E-commerce)

    6. 4.6 Insights on Contract Logistics in the Context of After-sales/Reverse Logistics

    7. 4.7 Brief on Different Services Provided by Contract Logistics Players (Integrated Warehousing and Transportation, Supply Chain Services, and Other Value-added Services)

    8. 4.8 Spotlight - Freight Transportation Costs/Freight Rates

    9. 4.9 Insights on Free Trade Zones in Bangladesh

    10. 4.10 Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

    2. 5.2 Market Restraints

    3. 5.3 Market Opportunities

    4. 5.4 Porter's Five Forces Analysis

      1. 5.4.1 Bargaining Power of Suppliers

      2. 5.4.2 Bargaining Power of Consumers/Buyers

      3. 5.4.3 Threat of New Entrants

      4. 5.4.4 Threat of Substitute Products

      5. 5.4.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Insourced

      2. 6.1.2 Outsourced

    2. 6.2 By End User

      1. 6.2.1 Manufacturing and Automotive

      2. 6.2.2 Consumer Goods and Retail

      3. 6.2.3 High-tech

      4. 6.2.4 Healthcare and Pharmaceuticals

      5. 6.2.5 Other End Users

  7. 7. COMPETITIVE LANDSCAPE

  8. 8. Overview (Market Concentration and Major Players)

  9. 9. Company Profiles

    1. 9.1 DHL

    2. 9.2 Agility Logistics Pvt. Ltd

    3. 9.3 Ceva Logistics

    4. 9.4 We Freight

    5. 9.5 Kuhene + Nagel

    6. 9.6 XPO Logistics

    7. 9.7 DSV

    8. 9.8 DB Schenkar

    9. 9.9 SARVAM Logistics

    10. 9.10 GEODIS

    11. 9.11 Navana Logistics

    12. 9.12 Bolloré Logistics

    13. 9.13 3i Logistics

    14. 9.14 Maresk*

  10. *List Not Exhaustive
  11. 10. FUTURE OUTLOOK OF THE MARKET

  12. 11. APPENDIX

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Bangladesh Contract Logistics Industry Segmentation

Contract logistics refers to the outsourcing of resource management duties to a third-party company. Contract logistics companies handle a variety of duties including supply chain development and planning, facility design, warehousing, delivery, and distribution, order processing, payment collection, inventory management, and some types of customer assistance.

The report provides a comprehensive background analysis of the Bangladesh Contract Logistics market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. Additionally, the COVID-19 impact has been incorporated and considered during the study. The Bangladesh Contract Logistics Market is segmented by Type (Outsourced and Insourced), End User (Manufacturing and Automotive, Consumer Goods and Retail, High-Tech, Healthcare, and Pharmaceuticals, and Other End Users). The report offers the India Contract Logistics market size and forecasts in values (USD billion) for all the above segments.

By Type
Insourced
Outsourced
By End User
Manufacturing and Automotive
Consumer Goods and Retail
High-tech
Healthcare and Pharmaceuticals
Other End Users
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Frequently Asked Questions

The Bangladesh Contract Logistics Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

DHL, We Freight, Maresk, SARVAM Logistics and GEODIS are the major companies operating in the Bangladesh Contract Logistics Market.

The report covers the Bangladesh Contract Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Bangladesh Contract Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Bangladesh Contract Logistics Industry Report

Statistics for the 2024 Bangladesh Contract Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bangladesh Contract Logistics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Bangladesh Contract Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)