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The global non-durable goods merchant
wholesalers market size is expected to increase by 2021, significantly growing
at a stable a CAGR during the forecast period.
Non-Durable
Goods Merchant Wholesalers Market Trends
The
non-durable goods merchant wholesalers market consists of sales of nondurable
goods by non-durable goods merchant wholesalers. These entities (organizations,
sole traders and partnerships) wholesale
products such as paper and paper products, chemicals and 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 less than
three years.
The
use of analytics in the wholesale trade market enhances efficiency by
anticipating future demand of the customer. Predictive analytics uses the past
data to predict the future events. Some of the applications where wholesale
trade companies use predictive analytics are to project customer profitability,
model business scenarios and improve marketing campaigns. For instance, HD
Smith, a pharmaceutical wholesale distributor, implemented analytics to
streamline their operations, manage their inventory and perform profitability
analysis
The global Non-Durable Goods
Merchant Wholesalers market
is primarily driven by rise in disposable income, and growing population.
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The global Non-Durable Goods
Merchant Wholesalers market
report covers the following regions under the geographical analysis section:
Asia Pacific, Western Europe, North America, Middle East, Africa, South
America, and Eastern Europe. Major countries under each of these regions are
also covered under the country analysis chapters.
With the increase in population and rise in
economy in developing countries, the demand for all types of goods increased
hence, the global Non-Durable Goods Merchant Wholesalers market is expected to
increase in potential and scope. TBRC’s report also covers the Non-Durable
Goods Merchant Wholesalers drivers and restraints in the market.
The global Non-Durable Goods
Merchant Wholesalers market’s
segment shares in each geographic region are mentioned in the report, along
with the historic and forecast growth rates for each segment presented visually
with supporting reasons to justify the growth rates.
The top companies included in the global Non-Durable
Goods Merchant Wholesalers market report are Grocers, Cardinal Health Inc, Heineken Asia Pacific, Performance Food Group Company,
Walgreens Boots Alliance.
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