Third-Party Logistics, also known as 3PL, is a supply chain system or logistics management system among organizations, that enables third-party businesses to outsource e-commerce logistics processes. The 3PL additionally includes distribution, inventory management, fulfillment, and warehousing services. The primary services offered by third-party logistics comprise receiving, packing, storing, and shipping operations.
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The Global Third-Party Logistics Market is estimated to grow at a steady rate and comprised a significant value of $3.4 billion in 2020, which is projected to reach $6 billion by 2027 with a significant CAGR of 8.5% during the forecast period 2021-2027. The rapidly increasing activities of trading with increasing globalization are witnessing various growth opportunities for the Global Third-Party Logistics Market. The trading activities propel the demand for efficient tracking and enhanced delivery that can be attributed to Third Party Logistics. Thus, these activities are projected to drive the growth of the Global Third-Party Logistics Market during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Third-Party Logistics Market Segment
By Transport
o Roadways
o Railways
o Waterways
o Airways
By Service Type
o Dedicated Contract Carriage (DCC)
o Domestic Transportation Management
o International Transportation Management
o Warehousing & Distribution and Others
Global Third-Party Logistics Market Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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