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Fulfillment Services: Whether you're a new ecommerce business looking to outsource fulfillment or you've outgrown your current warehousing capacity, a third-party fulfillment service can help you reach your goals. A fulfillment service is a third-party provider that handles the pick and pack, storage, and shipping of your ecommerce orders.
Based on service types, the global market has been further divided into warehousing & storage fulfillment services, bundling fulfillment services, shipping fulfillment services, and others. The shipping fulfillment service segment led the market and accounted for the maximum share of more than 35.6% of the global revenue in 2021. The trade liberalization policies and cross-border shipment agreements have resulted in increased trade and shipping activities. With the proliferation of the e-commerce industry, e-commerce companies prefer to outsource shipping services to third-party service providers and concentrate on other key business operations.