Reverse Logistics Market Report 2023 | Size, Business Growth, Trends 2028

March 22 01:46 2023
Reverse Logistics Market Report 2023 | Size, Business Growth, Trends 2028
Reverse Logistics Market Report 2023-2028
The global reverse logistics market size reached US$ 613.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 858.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

IMARC Group latest research study “Reverse Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global reverse logistics market size reached US$ 613.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 858.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

Reverse logistics refers to a process wherein goods or products flow in a backward direction from the final destination to the point of their origin or manufacture. It comprises warehousing, reselling, recycling management, returns management, replacement management, and environmental compliance. It assists in maintaining an efficient flow of goods and reducing costs while eliminating the risk of losses. Besides this, it is used to increase asset utilization, generate a better return on investment (ROI), and promote a culture of industry leadership. As a result, reverse logistics finds applications in the automotive, electronics, and pharmaceutical industries across the globe.

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Reverse Logistics Market Trends and Drivers:

At present, the rising demand for reverse logistics due to the increasing number of returns and replacement items worldwide represents one of the key factors supporting the growth of the market. Besides this, the growing adoption of reverse logistics due to the growing cross-border trades around the world is offering a positive market outlook.

Apart from this, the rising development of automation technologies in reverse logistics is offering lucrative growth opportunities to industry investors. Moreover, governing agencies of several countries are implementing various initiatives to establish transportation infrastructure, which is positively influencing the market.

Furthermore, the rising adoption of reverse logistics by numerous businesses to easily and effectively manage the return of products is strengthening the market growth.      

Reverse Logistics Market Report Scope

Report Coverage

Details

Market size value in 2022

US$ 613.0 Billion

Market forecast in 2028

US$ 858.8 Billion

Growth Rate

CAGR of 5.5% from 2023 to 2028

Base year for estimation

2022

Historical data

2017-2022

Forecast period

2023-2028

Global Reverse Logistics Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the reverse logistics companies in the market.

C.H. Robinson Worldwide Inc. (NASDAQ: CHRW)

Core Logistic Private Limited

Deutsche Post AG (ETR: DPW)

Fedex Corporation (NYSE: FDX)

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 Y?sen Kabushiki Kaisha)

The report has segmented the market on the basis of region return type, service and end user.

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
  • Automotive
  • Pharmaceutical
  • Consumer Electronic
  • Retail
  • Luxury Goods
  • Reusable Packaging


Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa


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Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.


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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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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