Market Size of Europe FMCG Logistics Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 289.51 Billion |
| Market Size (2029) | USD 362.86 Billion |
| CAGR (2024 - 2029) | 4.62 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe FMCG Logistics Market Analysis
The Europe FMCG Logistics Market size is estimated at USD 289.51 billion in 2024, and is expected to reach USD 362.86 billion by 2029, growing at a CAGR of 4.62% during the forecast period (2024-2029).
The COVID-19 crisis fundamentally disrupted the demand and supply in the European road freight market. While virtually all of Europe was affected, the impact had distinct phases. The effects of lockdowns and border crossing restrictions evolved as time passed and the market adjusted to the government's new rules.
Logistics investments in Europe went up to EUR 45.62 billion (USD 47.60 billion) in 2021, driven by the massive e-commerce growth in Europe. Key parameters promoting market growth include economic growth, increasing population, and industrialization. However, the lack of the government's commitment to developing seaports or road networks and reconfigured supply chains, with the growing local production and consumption units, are hampering the market growth.
Western Europe had the largest market share in the FMCG logistics market in Europe in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. Increasing M&A in the logistics industry, growing focus on truck platooning by logistics vendors, and increasing adoption of sharing economy will significantly influence FMCG logistics market growth in this region.
