Categories: Food & Beverages

Global Hyperlocal Market Size, Trends, Share, Forecast 2032

The Non Durable Goods Wholesalers Global Market Report 2023 by The Business Research Company, provides non-durable goods wholesalers market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Non Durable Goods Wholesalers Global Market Report 2023, the market size will grow from $21,080.12 billion in 2022 to $22,302.19 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of non-durable goods wholesalers market is expected to grow to $26,764.38 billion in 2027 at a CAGR of 4.7%.

Non-durable goods merchant wholesalers are adopting a robust and cohesive strategy for data analytics in management.

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The non-durable goods wholesalers market is segmented:

1) 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

2) By Ownership: Wholesale/Distribution Chain, Independent Wholesalers

3) By Price Range: Premium, Mid-Range, 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 utilises past data to predict future outcomes. In addition, some of the applications also provide 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 non-durable goods wholesalers market report table of contents includes: