e-Commerce Penetration Worldwide to Boost the Demand for Reverse Logistics

The reverse logistics market worldwide is expected to grow with a CAGR of 9.90% during the forecast period from 2023 to 2030, starting from US$ 1255.3 Bn in 2021. Government regulations for e-waste, growth of e-commerce industry and rising product recalls in pharmaceutical and healthcare industry worldwide are the major growth factors for the global reverse logistics market. The process of transporting products from the point of consumption to the point of origin for reuse, repair, refurbishment, and others is known as reverse logistics. Growth of blockchain technology in logistics industry also plays major role in the growth of reverse logistics market. As a result of these factors, we are expecting substantial growth in global reverse logistics market during the forecast period.

E-Commerce to be the fastest growing segment

E-commerce industry segment will be the fastest growing segment during the forecast period owing to continually growing e-commerce penetration worldwide. In 2018, there were more than 1.92 Bn e-commerce users globally. The return rate of e-commerce products is around 25% of global e-commerce sales. E-commerce consumers return the products due to wrong/damaged product received, quality issue, incorrect size and others. Ease of access to e-commerce and convenient product return process are the major growth factors for the segment. Therefore, we expect that the e-commerce segment will be the fastest growing segment in the global reverse logistics market.

Asia Pacific to Continue its Dominance

In 2020, Asia Pacific was the largest contributor to the global reverse logistics market followed by North America and Europe respectively. Asia Pacific accounts for above 30% of the market share in the same year. Penetration of e-commerce industry, growth of the manufacturing industry, and urbanization among others are the major growth factors for the region. Emerging economies such as China and India will be the key contributor in growth of the region owing to increase in smartphone penetration and consumer’s inclination towards online shopping. As a consequence of aforementioned factors, we expect that the Asia Pacific region will continue its dominance during the forecast period.

Some of the prominent players operating in the reverse logistics market include Cycleon Netherlands B.V., C.H. Robinson, DB Schenker, FedEx Corporation, Kintetsu World Express, Inc., Reverse Logistics Company, The Deutsche Post AG, United Parcel Service, Yusen Logistics Co., Ltd., Cycleon Netherlands B.V., CEVA Logistic and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Reverse Logistics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Reverse Logistics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Reverse Logistics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Reverse Logistics market?
• Which is the largest regional market for Reverse Logistics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Reverse Logistics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Reverse Logistics market worldwide?