Non Durable Goods Wholesalers Global Market Report 2024

The non-durable goods wholesalers market size has grown strongly in recent years. It will grow from $22,804.63 billion in 2023 to $24,165.49 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth experienced in the historical period of non-durable goods wholesaling can be ascribed to factors such as prevailing economic conditions, consumer spending patterns, the demand within the retail sector, and seasonal variations in the market.

The non-durable goods wholesalers market size is expected to see strong growth in the next few years. It will grow to $29,703.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. Anticipated growth in the forecast period for non-durable goods wholesaling can be linked to several key factors, including the rise of e-commerce and online sales, a growing focus on sustainability and eco-friendly products, the increasing demand for health and wellness items, and the implementation of flexible and efficient distribution practices. Notable trends expected during this period encompass the adoption of technology, fostering collaboration and partnerships, the development of private label brands, and an ongoing emphasis on sustainability and eco-friendly initiatives.

The non-durable goods wholesaler's market is poised for growth, driven by the increasing demand for e-commerce. E-commerce entails the buying and selling of goods and services through online and electronic channels. It allows wholesalers to extend their reach beyond physical locations, reaching customers on regional, national, and international scales, thereby expanding their potential customer base. In August 2023, data from the United States Census Bureau indicated a 7.5% increase in e-commerce in the second quarter of 2023 compared to the second quarter of 2022, while overall retail sales rose by 0.6%. Notably, 15.4% of all sales in the second quarter of 2023 were conducted through online stores. Thus, the surging demand for e-commerce is a driving force behind the growth of the non-durable goods wholesaler's market.

Key categories within non-durable goods wholesaling encompass paper and paper products 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, as well as miscellaneous non-durable goods wholesalers. Among these, a petroleum wholesaler is an entity involved in the purchase and sale of specified petroleum products in bulk quantities. Non-durable goods wholesalers operate under various ownership forms, including wholesale and distribution chains, as well as independent wholesalers catering to different market segments with premium, mid-range, and economy pricing options.

The non-durable goods wholesalers market research report is one of a series of new reports that provides non-durable goods wholesalers market statistics, including non-durable goods wholesalers industry global market size, regional shares, competitors with a non-durable goods wholesalers market share, detailed non-durable goods wholesalers market segments, market trends and opportunities, and any further data you may need to thrive in the non-durable goods wholesalers industry. This non-durable goods wholesaler’s market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing population is expected to contribute significantly to the expansion of the non-durable goods wholesalers market. Population, which refers to the total number of individuals within a specific geographical area or defined group, plays a pivotal role in shaping market potential and strategic planning for wholesalers. A burgeoning and diverse population offers opportunities for non-durable goods wholesalers to tap into new customer segments and boost sales, particularly in regions experiencing increased consumer demand. For instance, data from the Office for National Statistics in February 2023 projected the UK's population to reach 72.4 million by mid-2045. Therefore, the increasing population is a key driver behind the growth of the non-durable goods wholesaler's market.

The outbreak of the COVID-19 pandemic dealt a severe blow to the non-durable goods merchant wholesalers' market. The pandemic disrupted supply chains due to trade restrictions and led to decreased consumption as a result of government-imposed lockdowns worldwide. COVID-19, an infectious disease with symptoms resembling the flu, emerged in Wuhan, China, in 2019, subsequently spreading across the globe. National governments implemented measures to contain the virus, resulting in decreased production and trade of non-essential goods, along with an overall economic decline as countries went into lockdown. The pandemic had a detrimental impact on businesses throughout 2020 and into 2021. Nevertheless, it is anticipated that the non-durable goods merchant wholesalers' market will gradually recover from this unprecedented shock throughout the forecast period, as it was an unforeseeable 'black swan' event unrelated to ongoing market weaknesses or fundamental global economic issues.

In the current digital economy era, wholesalers are increasingly embracing predictive analytics as a powerful tool. Predictive analytics leverages past data to forecast future outcomes and can be instrumental in enhancing various aspects of wholesale operations. This tool's applications encompass predicting customer profitability, improving marketing campaigns, and modeling different business scenarios. For instance, SAP HANA integrated with BW is a widely used predictive analytics tool for wholesale distribution and materials management, including the paper industry.

Major companies in the non-durable goods wholesalers market are at the forefront of innovation, developing technologies such as AI-powered inventory management solutions to enhance their market profitability. AI-powered inventory management solutions are software platforms that employ machine learning (ML) and artificial intelligence (AI) to automate inventory forecasting and optimize inventory management processes. For example, in September 2023, Afresh Technologies, a US-based technology company, launched an advanced AI-powered inventory management solution. These AI-driven solutions have the capacity to analyze sales data and other relevant information, providing precise demand projections. Wholesalers dealing in non-durable goods can leverage these solutions to optimize inventory levels, reducing the risk of stockouts or overstocking.

Major companies operating in the non-durable goods wholesalers market include AmerisourceBergen Corp, Cardinal Health Inc., Walmart Inc., Sinopharm Group Co Ltd., Berkshire Hathaway Inc., METRO AG, Medipal Holdings Corporation, Itochu Corp, Sysco Corp, US Foods Holding Corp, C&S Wholesale Grocers Inc., Heineken NV, Walgreens Boots Alliance Inc., Performance Food Group Company, Univar Solutions Inc., Brenntag AG, WPG Holdings Ltd., Avantor Inc., Veritiv Corporation, Bunzl Distribution USA Inc., Imperial Dade, H T Hackney Co., GPC Asia-Pacific Ltd., Core-Mark Holding Company Inc., United Natural Foods Inc., Groupe Guillin SA, Herbalife Nutrition Ltd., Central Garden & Pet Company, Pyxus International Inc., The Chefs' Warehouse Inc.

Asia-Pacific was the largest region in the non-durable goods wholesalers market in 2023. North America was the second-largest region in the non-durable goods wholesalers market. The regions covered in the non-durable goods wholesaler’s market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the non-durable goods wholesalers market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The non-durable goods wholesalers market includes revenues earned by entities by providing services through drug distributers, specialty stores, and departmental stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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