Reverse Logistics Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson Marketing Manager

Report DescriptionAbout 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.

Global Reverse Logistics Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled "

Reverse Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20 23-2028

," the global reverse logistics market size reached US$ 613.0 Billion in 2022.

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.

Request for a PDF sample of this report:

https://www.imarcgroup.com/reverse-logistics-market/requestsample

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$ 858.8 Billion by 2028, exhibiting a CAGR of 5.5% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/reverse-logistics-market

Report Description Report Description and Highlights

Key Market Segmentation

The research report includes the following segments:

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

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Report Description Report Description and Highlights

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)

1. What was the size of the global reverse logistics market in 2022?

2. What is the expected growth rate of the global reverse logistics market during 2023-2028?

3. What are the key factors driving the global reverse logistics market?

4. What has been the impact of COVID-19 on the global reverse logistics market?

5. What is the breakup of the global reverse logistics market based on the return type?

6. What is the breakup of the global reverse logistics market based on the end user?

7. What are the key regions in the global reverse logistics market?

8. Who are the key players/companies in the global reverse logistics market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/reverse-logistics-market/toc

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

A partial List of our Clients

Partial List of Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

Report Description Report Description and Highlights

© 2022 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.