Reverse Logistics Market Share, Size, Trends, Industry Analysis Report, By Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-Use Returns, End of Life Returns); By Service; By End User; By Region; Segment Forecast, 2023 - 2032

Reverse Logistics Market Share, Size, Trends, Industry Analysis Report, By Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-Use Returns, End of Life Returns); By Service; By End User; By Region; Segment Forecast, 2023 - 2032

The global reverse logistics market size is expected to reach USD 2,986.17 billion by 2032, according to a new study by Polaris Market Research. The report “Reverse Logistics Market Share, Size, Trends, Industry Analysis Report, By Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-Use Returns, End of Life Returns); By Service; By End User; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A significant increase in the number of recalled units in the Food and Drug Administration food recalls drives the market's growth. Reverse logistics refers to managing the flow of products from the point of consumption back to the end of origin, which includes product returns, recalls, repairs, and recycling. According to Sedgwick, the number of food recalls by the Food and Drug Administration increased significantly at a pace of 2.2%, from 414 recalls in 2021 to around 423 recalls in 2022. The increased complexity and volume of recalled units create a demand for reverse logistics providers who can handle the logistics and processing of these products.

The rapid growth of the Indian e-commerce industry is a key driver behind the expansion of the reverse logistics market in the country. According to Invest India, the Indian e-commerce sector is expected to reach a gross merchandise value of USD 350 billion annually by 2030. This will fuel the need for efficient reverse logistics solutions. Furthermore, the rising number of internet users in India, projected to surpass 907 million by 2023, which accounts for approximately 64% of the total population, is driving the surge in e-commerce activities. With more people shopping online, there is a corresponding increase in product returns, necessitating robust reverse logistics processes to handle the return, refurbishment, or disposal of these items. The growth of the e-commerce industry in India is further fueling the market by emphasizing the importance of providing seamless customer experiences.

Reverse Logistics Market Report Highlights

End-of-Use Returns segment is anticipated to witness faster growth in the coming years due to cost reduction and financial benefits.

Reselling segment accounted for the larger market share owing to the ability to recover value and optimize the supply chain.

E-Commerce segment is projected to experience a larger revenue share due to the increased online shopping and complex supply chains.

North America is projected to register a higher growth rate in the study period owing to the rise in government initiatives.

Europe is expected to grow larger revenue share owing to the growing e-commerce sector in this region.

The global players include FedEx, UPS, LG Electronics, HP, Lenovo Group, Cisco Systems, Ingram Micro, Arrow Electronics, Avnet, Synnex, Tech Data, Digi-Key Electronics, Brightstar, Asurion, Blancco Technology, Hyla Mobile, Apto Solutions & ITRenew.

Polaris Market Research has segmented the reverse logistics market report based on return type, service, end user and region:

Reverse Logistics, Return Type Outlook (Revenue - USD Billion, 2019 - 2032)

Recalls

Commercial Returns

Repairable Returns

End-of-Use Returns

End of life Returns

Reverse Logistics, Service Outlook (Revenue - USD Billion, 2019 - 2032)

Transportation

Warehousing

Reselling

Replacement Management

Refund Management Authorization

Others

Reverse Logistics, End User Outlook (Revenue - USD Billion, 2019 - 2032)

E-Commerce

Automotive

Pharmaceutical

Consumer Electronic

Retail

Luxury Goods

Reusable Packaging

Reverse Logistics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa