The global reverse logistics market size reached US$ 646.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,008.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Reverse Logistics
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global reverse logistics market size reached US$
646.7 Billion in 2023.
Reverse logistics refers to the process of transporting products back from the
customers to the manufacturers or sellers. It forms an essential part of supply
chain management that is functional across various countries to extract the
value from returned and damaged products. It comprises various activities
such as recycling, refurbishment, reselling of restocked items, reclamation of
raw materials, and environmental compliance.
The process helps maintain the movement of returns, repair and recycling,
continue the flow of goods, create value, reduce cost, and complete the
product life cycle. In recent years, reverse logistics are gaining traction as
these solutions enhance customer satisfaction, improve brand image, and offer
faster and better services.
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4. Report Description
Global Reverse Logistics Market Trends:
The market is primarily driven by the significant growth of the e-commerce industry across the globe. The
increasing number of returns and replacement items is also propelling the demand for efficient reverse logistics
services. Besides this, manufacturers in automotive, electronics, pharmaceuticals, and other end-use industries
are shifting toward reverse logistics to reduce negative environmental impact. In addition, with the escalating
demand for electric vehicles (EVs), automotive manufacturers are adopting reverse logistics solutions to reduce
e-waste and ensure passenger safety. Apart from this, the development of manufacturing industries and the rising
investments by governments of various nations to establish transportation infrastructure for making it easier for
reverse logistics companies to operate globally is also fueling the market growth.
Moreover, technological advancements, such as the introduction of blockchain technology that provides automated
invoice generation and removes the time-consuming freight bill audit, are another major growth-inducing factor.
Furthermore, rapid industrialization, especially across developed economies, and extensive investments in
improving the supply chain management processes, are creating a positive outlook for the market.
Looking forward, the market is expected to reach a value of US$ 1,008.4 Billion by 2032, exhibiting a CAGR
of 5% during the forecast period (2024-2032).
View Report TOC, Figures and Tables: https://www.imarcgroup.com/reverse-logistics-market
5. Report
Segmentation
Breakup by Return Type:
• Recalls
• Commercial Returns
• Repairable Returns
• End-of-Use Returns
• End of life Returns
Breakup by Service:
• Transportation
• Warehousing
• Reselling
• Replacement Management
• Refund Management Authorization
• Others
Breakup by End User:
• E-Commerce
6. Report
Segmentation
• Automotive
• Pharmaceutical
• Consumer Electronic
• Retail
• Luxury Goods
• Reusable Packaging
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• C.H. Robinson Worldwide Inc.
• Core Logistic Private Limited
• Deutsche Post AG
• Fedex Corporation
• Happy Returns Inc. (PayPal Holdings Inc.)
• Kintetsu World Express Inc. (Kintetsu Group
Holdings)
• Optoro Inc.
• Pitney Bowes Inc.
• Reverse Logistics Group
• Safexpress Pvt Ltd
• United Parcel Service Inc.
• Yusen Logistics Co. Ltd. (Nippon Ysen
Kabushiki Kaisha), etc.
8. Key Questions
Answered in
the Report
What was the size of the global reverse logistics market in
2023?
What is the expected growth rate of the global reverse
logistics market during 2024-2032?
What are the key factors driving the global reverse logistics
market?
What has been the impact of COVID-19 on the global reverse
logistics market?
What is the breakup of the global reverse logistics market
based on the return type?
What is the breakup of the global reverse logistics market
based on the end user?
What are the key regions in the global reverse logistics
market?
Who are the key players/companies in the global reverse
logistics market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Reverse Logistics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Return Type
6.1 Recalls
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Commercial Returns
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Repairable Returns
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
10. Table of
Contents
6.4 End -of-Use Returns
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
6.5 End of lif e Returns
6.5.1 Mark et Trends
6.5.2 Mark et Forecast
7 Market Breakup by Service
7.1 T ransportation
7.1.1 Market Trends
7.1.2 Mark et Forecast
7.2 W arehousing
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Reselling
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
7.4 Replacement Manag ement
7.4.1 Mark et Trends
7.4.2 Mark et Forecast
7.5 Refund Manag ement Authorization
7.5.1 Mark et Trends
7.5.2 Mark et Forecast
7.6 Others
7.6.1 Mark et Trends
7.6.2 Mark et Forecast
8 Market Breakup by End User
8.1 E-Commerce
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
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