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The global reverse logistics market reached a value of US$ 563.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 812.6 Billion by 2027, exhibiting at a CAGR of 5.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Reverse logistics is an integral part of circular economy referring to a supply chain management that transports goods from customers back to the manufacturers or sellers. It includes recycling, refurbishment, reselling of restocked items, and reclamation of raw materials. The process of reverse logistics also consists of the sale and management of returned and surplus machines and equipment. There are different steps involved in reverse logistics, which include processing the returns, dealing with returns, and maintaining the movement of returns, repair, and recycle. It helps to maintain an efficient flow of goods, create value, complete the product life cycle, reduce costs, and decrease risks. Reverse logistics also offers greater customer satisfaction, improved band image, enhanced sustainability, reduction of waste, and faster and better service.
A rapid expansion in the ecommerce sector has led to the rise in the overall volume of returns and replacement items, which has escalated the demand for an efficient reverse logistics service. This is primarily driving the global reverse logistics market growth. Other than ecommerce, these systems play an important part in the pharmaceuticals, electrical, and automotive industries, which is further fueling the market growth. Besides this, rapid industrialization and increasing development of manufacturing industries across emerging economies, such as Asia Pacific and South America, are contributing to the growth of the market. Moreover, leading players are consistently investing in the improvement of supply chain management processes, which is creating a positive outlook for the market across the globe. The rise in the adoption of internet of things (IoT)-enabled connected devices supplemented the market growth is acting as another major growth-inducing factor.
IMARC Group provides an analysis of the key trends in each sub-segment of the global reverse logistics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on return type, service and end user.
Breakup by Return Type:
Breakup by Service:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Yusen Logistics Co. Ltd. (Nippon Y?sen Kabushiki Kaisha).
|Base Year of the Analysis||2021|
|Segment Coverage||Return Type, Service, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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. and Yusen Logistics Co. Ltd. (Nippon Y?sen Kabushiki Kaisha).|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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