APAC Reverse Logistics Market - Industry Trends and Forecast to 2029
Asia-Pacific reverse logistics market is projected to register a CAGR of 6.3% in the forecast period of 2022 to 2029. The new market report contains data for the historic year 2020, the base year of calculation is 2021, and the forecast period is 2022 to 2029.
Market Segmentation:
Asia-Pacific Reverse Logistics Market, By Return Type (Returns, Returns Avoidance, Remanufacturing, Refurbishing, Packaging, Unsold Goods, End-Of-Life, Delivery Failure, Rentals & Leasing, Repairs & Maintenance, and Others), Components (Return Policy and Procedure (RPP), Remanufacturing Or Refurbishment (ROR), and Waste Disposal (WAD)), Service Type (Transportation, Warehousing, Reselling, Replacement Management, Refund Management Authorization, and Others), End-User (Textile and Garments, Automotive, Consumer Electronics, E-Commerce, Retail, Luxury Goods, Pharmaceutical, Reusable Packaging, and Others), Country (China, Japan, South Korea, Australia, Malaysia, Singapore, India, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific), Industry Trends and Forecast to 2029
Some of the major factors contributing to the growth of the Asia-Pacific reverse logistics market are:
. Increasing adoption of cloud-based reverse logistics solutions
. Strategic partnerships, acquisitions, and mergers by reverse logistics companies
Market Players
Some of the major players operating in the reverse logistics market are:
. United Parcel Service of America, Inc.
. Deutsche Post DHL Group
. FedEx
. Kintetsu World Express, Inc.
. C.H. Robinson Worldwide, Inc.
. Core Logistic Private Limited
. DGS Translogistics India Pvt. Ltd.
. IBM Corporation
. Indev Group of companies
. LogiNext Solutions Inc
. Reverse Logistics Group
. ReverseLogix
. Safexpress Pvt. Ltd.
. Schenker AG
. XPO Logistics, Inc
. YUSEN LOGISTICS CO., LTD.
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