Non-Durable Goods Merchant Market Characteristics
The non-durable goods merchant wholesalers market consists of sales of nondurable goods by non-durable goods merchant wholesalers. These entities (organizations, sole traders and partnerships) wholesale products such as paper and paper products, chemicals and 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.
Competitive Landscape of the Non-Durable Goods Merchant Wholesalers Market
Major players in the global non-durable goods merchant wholesalers market include C&S Wholesale Grocers, Cardinal Health Inc, Heineken Asia Pacific, Performance Food Group Company, Walgreens Boots Alliance
The Non-Durable Goods Merchant Wholesalers Market Market Size
The non-durable goods merchant wholesalers market size is expected to increase by 2021, significantly growing at a stable a CAGR during the forecast period. The growth in the non-durable goods merchant wholesalers market is due to factors such as rise in disposable income growing economy
However, the market for non-durable goods merchant wholesalers is expected to face certain restraints from several factors such as growing awareness for online shopping and growing taxes
Non-Durable Goods Merchant Wholesalers Market Segmentation
The global non-durable goods merchant wholesalers market is further segmented based on type and geography.
By Type - The non-durable goods merchant wholesalers market is segmented into paper and paper product merchant wholesalers, drugs and druggists sundries merchant wholesalers, apparel, piece goods, and notions merchant wholesalers, grocery and related product merchant wholesalers, farm product raw material merchant wholesalers, chemical and allied products merchant wholesalers,petroleum and petroleum products merchant wholesalers, beer, wine, and distilled alcoholic beverage merchant wholesalers, miscellaneous nondurable goods merchant wholesalers among these segments, the paper and paper product merchant wholesalers accounts for the largest share in the global non-durable goods merchant wholesalers market.
By Geography - The global non-durable goods merchant wholesalers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global non-durable goods merchant wholesalers.
Trends in the Non-Durable Goods Merchant Wholesalers Market
The use of analytics in the wholesale trade market enhances efficiency by anticipating future demand of the customer. Predictive analytics uses the past data to predict the future events. Some of the applications where wholesale trade companies use predictive analytics are to project customer profitability, model business scenarios and improve marketing campaigns. For instance, HD Smith, a pharmaceutical wholesale distributor, implemented analytics to streamline their operations, manage their inventory and perform profitability analysis
Potential Opportunities in the Non-Durable Goods Merchant Wholesalers Market
With the increase in population and rise in economy in developing countries, the demand for all types of goods increased hence, the scope and potential for the global non- durable goods merchant wholesalers market is expected to significantly rise in the forecast period.