Global Non-Durable Goods Wholesalers Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
19 Jan, 2021
The non-durable goods wholesalers market consists of sales of non-durable goods and related services by entities (organizations, sole traders and partnerships) that sell non-durable wholesale products such as paper products, chemical products, drugs, textiles and textile products, apparel, footwear, groceries, farm products, petroleum and petroleum products, alcoholic beverages, books, magazines, newspapers, flowers and nursery stock, and tobacco products. Nondurable goods are items generally with a normal life expectancy of less than three years.
Global Non-Durable Goods Wholesalers Market Size And Drivers:
The global non-durable goods wholesalers’ market is expected to grow from $17.88 trillion in 2020 to $18.75 trillion in 2021 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $24.22 trillion in 2025 at a CAGR of 7%. The rapid growth in retail data and the availability of technologies to analyze data it will become easier for non-durable goods merchant wholesalers to identify and meet the needs and expectations of their customers; thus it is expected to drive the market going forward.
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Trends In The Global Non-Durable Goods Wholesalers Market
Wholesalers are increasingly using predictive analytics in their businesses. It is a robust tool for a wholesaler in today’s era of digital economy. A powerful in-memory technology integrated with predictive analytics and ERP data efficiently transforms the whole process of interpreting the information. Predictive analytics utilizes the past data to predict future outcome. In addition, some of the applications also give predictive analytics to project customer profitability, improve marketing campaigns and present model business for different scenarios.
Global Non-Durable Goods Wholesalers Market Segments:
The global non-durable goods wholesalers market is further segmented based on type, ownership and geography.
By Type: Paper And Paper Product Wholesalers, Drugs And Druggists Sundries Wholesalers, Apparel, Piece Goods, And Notions Wholesalers, Grocery And Related Product Wholesalers, Farm Product Raw Material Wholesalers, Chemical And Allied Products Wholesalers, Petroleum And Petroleum Products Wholesalers, Beer, Wine, And Distilled Alcoholic Beverage Wholesalers, Miscellaneous Nondurable Goods Wholesalers
By Ownership: Wholesale/Distribution Chain, Independent Wholesalers
By Geography: The global non-durable goods wholesalers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, the Asia Pacific was the largest region in the global non-durable goods wholesalers market, accounting for 47% of the total market.
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Non-Durable Goods Wholesalers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides non-durable goods wholesalers market overviews, analyzes and forecasts market size and growth for the global non-durable goods wholesalers market, non-durable goods wholesalers market share, non-durable goods wholesalers market players, non-durable goods wholesalers market segments and geographies, non-durable goods wholesalers market’s leading competitors’ revenues, profiles and market shares. The non-durable goods wholesalers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.