Global Reverse Logistics Market Report 2023: Sector to Reach $858.8 Billion by 2028 at a CAGR of 5.78%

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Apr 04, 2023, 14:30 ET

DUBLIN, April 4, 2023 /PRNewswire/ -- The "Reverse Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global reverse logistics market size reached US$ 613.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 858.8 Billion by 2028, exhibiting a CAGR of 5.78% during 2022-2028.

Companies Mentioned

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)

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 is acting as another major growth-inducing factor.

Key Questions Answered in This Report
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?

Key Topics Covered:

1 Preface

2 Scope and 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 Market Trends
6.1.2 Market Forecast
6.2 Commercial Returns
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Repairable Returns
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 End-of-Use Returns
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 End of life Returns
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market Breakup by Service
7.1 Transportation
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Warehousing
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Reselling
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Replacement Management
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Refund Management Authorization
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by End User
8.1 E-Commerce
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Pharmaceutical
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Consumer Electronic
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Retail
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Luxury Goods
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Reusable Packaging
8.7.1 Market Trends
8.7.2 Market Forecast

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/wivzgz

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