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Third party logistics (TPL or 3PL), is a service provider outsourced by a company in a supply chain management or logistic. Increasing globalization for trade offers manufacturing companies with a worldwide networking platform. Companies majorly focus on keeping up with their productivity, and thus rely on third party logistics to suffice their transportation and packaging. This in turn, has driven growth of the market for third part logistics.

Growing e-commerce industry is one of the major drivers for growth of the global third party logistics market. For instance, in 2016, the global B2C ecommerce industry generated revenue of US$ 2.1 trillion, from US$ 1.8 trillion in 2015, and is expected to reach up to US$ 2.4 trillion by 2017. Several e-commerce companies that have adopted the online platform to sell their products do not have their own logistics services. This also contributes to the increased demand for TPL.

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The Third-party Logistics Market is expected to have a highly positive outlook for the next five years 2018-2026 according to a recently released Third-party Logistics Market research report. The report has been added in his large database by Coherent Market Insights. This report is a guide that covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on the global and regional basis.

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