Bangladesh Contract Logistics Market Size (2024 - 2029)

Bangladesh Contract Logistics Market Analysis

The Bangladesh Contract Logistics Market is valued at about USD 5 Billion and is expected to grow at a CAGR of more than 6% during the forecast period. The need for logistics services has significantly increased as a result of the fast-paced modernization and expansion of the Bangladesh economy.

• Bangladesh, a nation the size of Iowa that borders both India and Burma and is located in the northeastern corner of the Indian subcontinent, is expected to have 169 million people living there by the year 2022, according to the World Bank.
• The eighth most populous nation in the world and the most densely populated outside of city-states is Bangladesh. Bangladesh is a fantastic prospective market for American products.
• The high ratio of non-performing loans (NPL) in state-controlled banks is a recurrent issue that the financial industry must address. The Government of Bangladesh (GoB) actively seeks foreign investment, especially in the infrastructure, agribusiness, light manufacturing, energy, and apparel industries.
• The government's industrial policy and export-oriented growth strategy include a variety of investment incentives.
• Bangladesh's success in both local and international logistics prospects has helped the nation move up four spots to rank 35th among the world's 50 most promising growing logistics markets.
• Since the last five years, Bangladesh has remained in the index's bottom four spots among the four rising South Asian countries. Based on four metrics business fundamentals, digital readiness, domestic logistics opportunities, international logistics opportunities, and factors that make them appealing to logistics providers, freight forwarders, air and ocean carriers, distributors, and investors the index ranked the world's 50 leading emerging markets for overall competitiveness.
• While Bangladesh improved eight spots to take up the 33rd spot in the global logistics opportunities metric. This indicator assesses the capacity of various emerging markets to support cross-border logistics operations as well as the internal and external demand for trade-intensive logistics services.

Bangladesh Contract Logistics Industry Segmentation

Contract logistics refers to the outsourcing of resource management duties to a third-party company. Contract logistics companies handle a variety of duties including supply chain development and planning, facility design, warehousing, delivery, and distribution, order processing, payment collection, inventory management, and some types of customer assistance.

The report provides a comprehensive background analysis of the Bangladesh Contract Logistics market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. Additionally, the COVID-19 impact has been incorporated and considered during the study. The Bangladesh Contract Logistics Market is segmented by Type (Outsourced and Insourced), End User (Manufacturing and Automotive, Consumer Goods and Retail, High-Tech, Healthcare, and Pharmaceuticals, and Other End Users). The report offers the India Contract Logistics market size and forecasts in values (USD billion) for all the above segments.