Wine Logistics Market to grow by $ 4.18 Billion | COVID-19 Impact Analysis, Key Drivers, Trends, & Products Offered by Major Vendors | Technavio
NEW YORK, April 6, 2021 /PRNewswire/ --
The global wine logistics market is expected to grow by USD 4.18 billion, exhibiting a CAGR of over 5% during 2021-2025, according to Technavio's latest market report. Based on our research, the air freight and logistics sector witnessed a negative impact due to the widespread growth of the COVID-19 pandemic. The report also throws light on the pre- and post-impact of COVID-19 on businesses.
The transportation segment will generate maximum revenue in the wine logistics market, owing to the proliferation of supermarkets, hypermarkets, and convenience stores. In terms of geography, North America will present significant opportunities for market vendors due to the increasing popularity of different premium varieties of wines in the region.
Wine Logistics Market: Major Growth Drivers
The following factors are expected to drive the growth of the market during the forecast period:
In addition, the report identifies the growing online wine retailing as a major trend in the wine logistics market. Faster delivery and competitive prices offered by e-commerce platforms have fostered the growth of online retailing. Numerous wine manufacturers are entering online retail platforms to increase the availability of their products and grow the customer base. This trend is expected to provide significant growth opportunities to market players during the forecast period.
The report helps businesses create strategies to make the most of future growth opportunities.
Wine Logistics Market: Key Vendor Offerings
CTI Logistics Ltd: The company offers wine storage andTemperature Controlled Storage services for Perth and Western Australia.
CWT Pte. Ltd.: The company offers wine storage facilities with a wine vault that can be accessed through the Wine vault app.
Hellmann Worldwide Logistics SE & Co. KG: The company offers a wide range of Transport solutions for the global beverage market.
JF HILLEBRAND GROUP AG: The company offers various packaging solutions such as full containers, bottles, cases, pallets, flexitanks, ISO tanks, and other products.
Kerry Logistics Network Ltd.: The company offers certified wine cellars in Hong kong, international freight forwarding, bonded operations, and extensive local distribution services.
Reasons to Buy Wine Logistics Market Report:
This report can be personalized according to your business needs.
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