Non-Durable Goods Wholesalers Global Market Report 2022
- May 2022 •
- 300 pages •
- Report ID: 6282509 •
- Format: PDF
Major companies in the non-durable goods wholesalers market include AmerisourceBergen Corp, Cardinal Health Inc., Walmart Inc., Sinopharm, Berkshire Hathaway Inc., METRO AG, Medipal Holdings Corporation (formerly Mediceo Paltac Holdings Co Ltd), Itochu Corp, Sysco Corp, and US Foods Holding Corp.
The global non-durable goods wholesalers market is expected to grow from $19,572.9 billion in 2021 to $21,348.4 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The market is expected to grow to $29,055.59 billion in 2026 at a compound annual growth rate (CAGR) of 8%.
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 fewer than three years.
The major types of non-durable goods wholesalers are 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 and miscellaneous nondurable goods, wholesalers.Any person or corporation who buys and sells prescribed petroleum products in quantity is referred to as a petroleum wholesaler.
The ownership forms include wholesale/distribution chain and independent wholesalers having premium, mid-range and economy prices.
Asia Pacific was the largest region in the non-durable goods wholesalers market in 2021.North America was the second-largest region in the non-durable goods wholesalers market.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The non-durable goods merchant wholesalers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty, data has become critical for most retail operations. With 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
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the non-durable goods merchant wholesalers’ market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally.COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.
The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of ’lock down’ and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the non-durable goods merchant wholesalers’ market will recover from the shock across the forecast period as it is a ’black swan’ event and not related to ongoing or fundamental weaknesses in the market or the global economy
Wholesalers are increasingly using predictive analytics in their businesses.It is a robust tool for a wholesaler in today’s era of the 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 past data to predict future outcomes.
In addition, some of the applications also give predictive analytics to project customer profitability, improve marketing campaigns, and present model business for different scenarios. For instance, SAP HANA integrated with BW is a predictive analytical tool, widely used for wholesale distribution and materials management including the whitepaper industry.
The countries covered in the non-durable goods wholesalers market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.