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2021
Reverse Logistics Market

Reverse Logistics Market by Return Type (Recalls, Commercial & B2B returns, Repairable returns, End of use returns and End of life returns), End User (E-commerce, Automotive, Pharmaceutical, Consumer Electronic, Retail, Luxury Goods, and Reusable Packaging), and Service (Transportation, Warehousing, Reselling, Replacement Management, Refund Management Authorization, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A04829
Pages: 300
Jul 2021 | 15711 Views
   
Author(s) : Mayank Halmare, Aditya Chandra , Sonia Mutreja
Tables: 128
Charts: 78
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Reverse Logistics Market Statistics 2028 -

The global reverse logistics market valued $635.6 billion in 2020 and is projected to reach $958.3 billion in 2028, registering a CAGR of 5.6%.    

The COVID-19 outbreak proved very drastic for a variety of businesses and forced governments across the globe to implement strict lockdowns and led to social distancing being made mandatory to contain the spread of the virus, which disrupted the supply chain and halted logistics activities across the world. As a consequence of the COVID-19 epidemic, countries were left with no alternative but to temporarily halt their transportation and logistical operations with one another, which significantly impacted the supply of commodities, consequently producing a disruption in the supply chain. The reverse logistics market is predicted to observe substantial recovery in 2021, owing to changing social distancing measures, rising E-commerce, retail, and pharmaceutical sales, and refurbishment initiatives of automotive industry leaders worldwide to recycle and reuse crucial vehicle components such as a battery.

The growth of e-commerce businesses around the world has increased the number of returns and replacement items and the need for an efficient reverse logistics service. The demand for reverse logistics services to enable unhindered client satisfaction is growing around the world as manufacturers become more aware of the need to reduce negative environmental impact. Reverse logistics is an important part of the supply chain in a variety of industries, including automotive, electronics, pharmaceuticals, and others. Reverse logistics services have been developed and implemented by countries all over the world to extract value from returned and damaged products. Reverse logistics activities involve warehousing, reselling, recycling management, returns management, replacement management, and environmental compliance.

Reverse-Logistics-Market,-2021-2028

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In the forecasted timeframe, the global reverse logistics industry is projected to expand due to increased innovation and the development of automation technologies. The growth of the reverse logistics business is also aided by greater government funding for the establishment of transportation infrastructure. For instance, the Brazilian government announced plans for a $50 billion investment in airports, ports, motorways, and railways in May 2021. The improvement of transportation infrastructure will make it easier for reverse logistics companies to operate in the region. Rising retail sales, a rise in the launch of innovative electronic items, and strong government regulations against the sale of dangerous goods to customers have all contributed to increased investment in reverse logistics services around the world. For instance, Delhivery, a logistics startup based in Gurgaon, revealed in May 2021 that it had raised $275 million in a fundraising round. The funding will be utilized towards expanding the company's reverse logistics, cross-border, B2B and B2C warehousing, express parcel delivery, end-to-end supply chain services, and technology services.

The global reverse logistics market is segmented into return type, end user, and service. By return type, it is further divided into recalls, commercial & B2B returns, repairable returns, end of use returns, and end of life returns. Depending on the end user, it is fragmented into e-commerce, automotive, pharmaceutical, consumer electronic, retail, luxury goods, and reusable packaging. By service, the reverse logistics market is classified into transportation, warehousing, reselling, replacement management, refund management authorization, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the global reverse logistics market include C.H. Robinson Worldwide, Inc., CCR Logistics Systems AG, Core Logistic Private Limited, DB Schenker, Deutsche Post DHL Group, FedEx Corporation, Kintetsu World Express, Inc., Safexpress Pvt. Ltd., United Parcel Service, Inc., and Yusen Logistics Co., Ltd  

Expansion of e-commerce industry

The global logistics and e-commerce market has experienced tremendous growth in the recent years owing to the rise in connectivity solutions. The growth in e-commerce and logistics industries drives the demand for time-efficient delivery and return services for the transportation of goods in forward and reverse logistics worldwide. For instance, in May 2021, XPO Logistics, Inc. has announced the launch of an automation solution in France. The automation solution is anticipated to facilitate high-volume reverse logistics in the French fashion e-commerce industry. The unprecedented growth of online shopping in the recent years has promoted the development and adoption of reverse logistics services and solutions by the leading retail, e-commerce, and third-party logistics companies (3PLs) For instance, in June 2021, Ruby Has launched an industry alliance DTC Consortium with the support of multiple companies. The consortium is expected enable the organizations to comprehensively navigate through their market strategies such as reverse logistics, marketing, fulfilment, vertical-specific considerations, and more. The returns segment of the e-commerce industry has become a critical component of the retail customer experience and thereby drives the adoption of reverse logistics services across the e-commerce industry.

The increase in the adoption of reverse logistics services to enhance the customer experience is the key driving factor propelling the growth of the reverse logistics market during the forecast timeframe.  

Reverse Logistics Market
By Return Type

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End of Life Returns is projected as the most lucrative segments

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Increased product recall due to stringent government rules for product quality in the automotive industry 

The global automotive industry has observed a rise in decentralized production owing to a rise in demand for high-quality automotive parts. The installation of an inferior quality part in automotive can lead to fatal accidents, which anticipate the involvement of the government in the prevention of accidents by invoking regulations and law. The government involvement in the utility of automotive manufacturing and deployment has further boosted the growth of the reverse logistics market. For instance, in February 2019, automotive giants namely Subaru, Tesla, BMW, Volkswagen, Audi, Daimler Vans, Mercedes-Benz, and Ferrari had to recall their vehicles owing to the faulty airbag installed in those vehicles. The airbags supplied by Takata Corp. can be triggered to deploy without an accident and spray shrapnel into passengers and drivers. In addition, the increase in the adoption of electric vehicles drives the number of electric vehicle batteries being circulated in the world. The batteries at the end of life need to be recycled which creates an opportunity for the growth of the reverse logistics market. 

For instance, in May 2021, MG Motor India and Attero announced a partnership for recycling electric vehicle batteries. Under the partnership, Attero will provide reverse logistics, refurbishing, and recycling solutions to MG Motor India. Automotive manufacturers are adopting reverse logistics services to reduce e-waste and ensure passenger safety.

The above-mentioned factors such as the rise in adoption of reverse logistics by leading automotive manufacturers owing to the government regulations for passenger safety and minimizing e-waste fuels the growth of the reverse logistics market during the forecast timeframe.      

Reverse Logistics Market
By End User

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E-commerceis projected as the most lucrative segment

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Lack of control of manufacturers on reverse logistics service 

The manufacturer and retailers are completely dependent on the reliability, competency, and honesty of logistics service providers. In this scenario, the manufacturing or retailing company is reliant on the logistics service provider, which results in a lack of direct control. In addition, the manufacturer is not able to monitor the operations at the warehouse, which is a serious threat to the quality of products. 

Moreover, outsourcing to a third-party reverse logistics (3PL) company could potentially lead to a breach of confidentiality, resulting in the exposure of customer personal data or the sharing of commercially sensitive information. The barriers such as lack of coordination at the CEO level and non-alignment of short and long-run strategic goals of the company also restrict the adoption of reverse logistics services. Thus, the lack of control of manufacturers on reverse logistics service is anticipated to hinder the growth of the reverse logistics market.

Reverse Logistics Market
By Service

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Replacement Management is projected as the most lucrative segment

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Introduction of Blockchain technology 

Technological advancement such as Block-chain enables enhanced tracking and transparency of the overall lifecycle of the product beginning from sourcing of component materials by the manufacturers to the final disposal of the product. The leading market players of the logistics industry have begun testing and deploying blockchain technology for augmenting their reverse logistics operations. For instance, Walmart Canada utilizes a blockchain for automated invoice generation which removes the time-consuming freight bill audits. The supply chain leaders have implemented a combination of block-chain and reverse logistics strategies for managing product lifecycles such as reclamation, recycling, and disposal. Blockchain technology also helps in tracking returns and identification of issues for high return rates.

The evolution of advanced blockchain technology for reverse logistics services presents an opportunity for the growth of the reverse logistics market. 

Reverse Logistics Market
By Region

2028
Asia-pacific 
North America
Europe
Lamea

Asia Pacific would exhibit the highest CAGR of 6.2% during 2020-2027.

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COVID-19 Impact Analysis 

  • The COVID impact on the reverse logistics market is unpredictable and it is expected to remain in force till the second quarter of 2021. 
  • The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain the spread of the virus. This led to a sudden downfall in global trade which further reduced the demand for reverse logistics across the world. 
  • Moreover, the nationwide lockdown forced the reverse logistics service providers to partially or completely shut their operations which resulted in delays in the return and replacement activities.
  • The rise in pharmaceutical and e-commerce sales owing to the pandemic has increased the demand for the reverse logistics market.

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global reverse logistics market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall reverse logistics market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global reverse logistics market with detailed impact analysis.
  • The current reverse logistics market is quantitatively analyzed from 2020 to 2028 to benchmark financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

  • By End User
    • E-commerce
    • Automotive
    • Pharmaceutical
    • Consumer Electronic
    • Retail
    • Luxury goods
    • Reusable packaging
  • By Return Type
    • Recalls
    • Commercial Returns
    • Repairable Returns
    • End-of-use Returns
    • End of life returns
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • UK
      • France
      • Germany
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa
  • BY SERVICE
    • Transportation
    • Warehousing
    • Reselling
    • Replacement Management
    • Refund Management Authorization
    • Others


Key Market Players

  • C.H. ROBINSON WORLDWIDE, INC.
  • CCR LOGISTICS SYSTEMS AG
  • CORE LOGISTIC PRIVATE LIMITED
  • DB SCHENKER (DEUTSCHE BAHN GROUP (DB GROUP))
  • DEUTSCHE POST DHL GROUP
  • FEDEX CORPORATION
  • KINTETSU WORLD EXPRESS, INC.
  • SAFEXPRESS PVT. LTD.
  • UNITED PARCEL SERVICE, INC.
  • YUSEN LOGISTICS CO.,LTD.
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategie

3.3. Porter’s five forces analysis
3.4. Key player positioning, 2020
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Expansion of e-commerce industry
3.5.1.2. Increased product recall due to stringent government rules for product quality in the automotive industry
3.5.1.3. Rise of tech-driven reverse logistics services and growing adoption of IoT-enabled connected devices

3.5.2. Restraints

3.5.2.1. Lack of control of manufacturers on reverse logistics service
3.5.2.2. Uncertainty in the reverse logistics process

3.5.3. Opportunities

3.5.3.1. Introduction of Blockchain technology
3.5.3.2. Reduction in losses owing to adoption of a multi-modal system

3.6. COVID-19 impact analysis

3.6.1. Evolution of outbreak
3.6.2. Micro economic impact analysis

3.6.2.1. Consumer trends
3.6.2.2. Technology trends
3.6.2.3. Regulatory trends

3.6.3. Macro-economic impact analysis

3.6.3.1. GDP
3.6.3.2. Import/export analysis
3.6.3.3. Employment index

3.6.4. Impact on the reverse logistics industry

3.7. Software to manage entire process and connect parties

CHAPTER 4: GLOBAL REVERSE LOGISTICS MARKET, BY RETURN TYPE

4.1. Overview
4.2. Recalls

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Commercial returns and B2B returns

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Repairable returns

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. End of use returns

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

4.6. End of life returns

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country

CHAPTER 5: GLOBAL REVERSE LOGISTICS MARKET, BY END USER

5.1. Overview
5.2. E-commerce

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Automotive

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Pharmaceutical

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

5.5. Consumer electronic

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

5.6. Retail

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country

5.7. Luxury goods

5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis, by country

5.8. Reusable packaging

5.8.1. Key market trends, growth factors, and opportunities
5.8.2. Market size and forecast, by region
5.8.3. Market analysis, by country

CHAPTER 6:REVERSE LOGISTICS MARKET, BY SERVICE

6.1.Overview
6.2.Transportation

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Warehousing

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Reselling

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Replacement Management

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

6.6.Refund Management Authorization

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country

6.7.Others

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis, by country

CHAPTER 7:REVERSE LOGISTICS MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by Return type
7.2.3.Market size and forecast, by End User
7.2.4.Market size and forecast, by Service
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by Return Type
7.2.5.1.2.Market size and forecast, by End User
7.2.5.1.3.Market size and forecast, by Service

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by Return Type
7.2.5.2.2.Market size and forecast, by End User
7.2.5.2.3.Market size and forecast, by Service

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by Return Type
7.2.5.3.2.Market size and forecast, by End User
7.2.5.3.3.Market size and forecast, by Service

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by Return Type
7.3.3.Market size and forecast, by End User
7.3.4.Market size and forecast, by Services
7.3.5.Market size and forecast, by country

7.3.5.1.UK

7.3.5.1.1.Market size and forecast, by Return Type
7.3.5.1.2.Market size and forecast, by End User
7.3.5.1.3.Market size and forecast, by Service

7.3.5.2.France

7.3.5.2.1.Market size and forecast, by Return Type
7.3.5.2.2.Market size and forecast, by End User
7.3.5.2.3.Market size and forecast, by Service

7.3.5.3.Germany

7.3.5.3.1.Market size and forecast, by Return Type
7.3.5.3.2.Market size and forecast, by End User
7.3.5.3.3.Market size and forecast, by Service

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast, by Return Type
7.3.5.4.2.Market size and forecast, by End User
7.3.5.4.3.Market size and forecast, by Service

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by Return Type
7.3.5.5.2.Market size and forecast, by End User
7.3.5.5.3.Market size and forecast, by Service

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by Return Type
7.4.3.Market size and forecast, by End User
7.4.4.Market size and forecast, by Service
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by Return Type
7.4.5.1.2.Market size and forecast, by End User
7.4.5.1.3.Market size and forecast, by Service

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by Return Type
7.4.5.2.2.Market size and forecast, by End User
7.4.5.2.3.Market size and forecast, by Service

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by Return Type
7.4.5.3.2.Market size and forecast, by End User
7.4.5.3.3.Market size and forecast, by Service

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by Return Type
7.4.5.4.2.Market size and forecast, by End User
7.4.5.4.3.Market size and forecast, by Service

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by Return Type
7.4.5.5.2.Market size and forecast, by End User
7.4.5.5.3.Market size and forecast, by Service

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by Return Type
7.5.3.Market size and forecast, by End User
7.5.4.Market size and forecast, by Service
7.5.5.Market size and forecast, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by Return Type
7.5.5.1.2.Market size and forecast, by End User
7.5.5.1.3.Market size and forecast, by Service

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by Return Type
7.5.5.2.2.Market size and forecast, by End User
7.5.5.2.3.Market size and forecast, by Service

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by Return Type
7.5.5.3.2.Market size and forecast, by End User
7.5.5.3.3.Market size and forecast, by Service

CHAPTER 8:COMPANY PROFILES

8.1.C.H. ROBINSON WORLDWIDE, INC.

8.1.1.Company overview
8.1.2.Key executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Service portfolio
8.1.6.Business performance
8.1.7.Key strategic moves and developments

8.2.CCR LOGISTICS SYSTEMS AG

8.2.1.Company overview
8.2.2.Key executives
8.2.3.Company snapshot
8.2.4.Service portfolio
8.2.5.Key strategic moves and developments

8.3.CORE LOGISTIC PRIVATE LIMITED

8.3.1.Company overview
8.3.2.Key executives
8.3.3.Company snapshot
8.3.4.Service portfolio

8.4.DB SCHENKER (DEUTSCHE BAHN GROUP (DB GROUP))

8.4.1.Company overview
8.4.2.Key executives
8.4.3.Company snapshot
8.4.4.Service portfolio
8.4.5.Operating business segments
8.4.6.R&D expenditure
8.4.7.Business performance
8.4.8.Key strategic moves and developments

8.5.DEUTSCHE POST DHL GROUP

8.5.1.Company overview
8.5.2.Key executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Business performance

8.6.FEDEX CORPORATION

8.6.1.Company overview
8.6.2.Key executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Business performance
8.6.7.Key strategic moves and developments

8.7.KINTETSU WORLD EXPRESS, INC.

8.7.1.Company overview
8.7.2.Key executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.Business performance

8.8.SAFEXPRESS PVT. LTD.

8.8.1.Company overview
8.8.2.Key executives
8.8.3.Company snapshot
8.8.4.Product portfolio

8.9.UNITED PARCEL SERVICE, INC.

8.9.1.Company overview
8.9.2.Key executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Service portfolio
8.9.6.Business performance
8.9.7.Key strategic moves and developments

8.10.YUSEN LOGISTICS CO.,LTD.

8.10.1.Company overview
8.10.2.Key executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.Business performance
8.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 01.SOFTWARE TO MANAGE ENTIRE PROCESS AND CONNECT PARTIES
TABLE 02.GLOBAL REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020-2028 ($BILLION)
TABLE 03.REVERSE LOGISTICS MARKET FOR RECALLS, BY REGION 2020-2028 ($BILLION)
TABLE 04.REVERSE LOGISTICS MARKET FOR COMMERCIAL & B2B RETURNS, BY REGION 2020-2028 ($ BILLION)
TABLE 05.REVERSE LOGISTICS MARKET FOR REPAIRABLE RETURNS, BY REGION 2020-2028 ($BILLION)
TABLE 06.REVERSE LOGISTICS MARKET FOR END OF USE RETURNS, BY REGION 2020-2028 ($BILLION)
TABLE 07.REVERSE LOGISTICS MARKET FOR END OF LIFE RETURNS, BY REGION 2020-2028 ($BILLION)
TABLE 08.GLOBAL REVERSE LOGISTICS MARKET, BY END USER, 2020-2028 ($BILLION)
TABLE 09.REVERSE LOGISTICS MARKET FOR E-COMMERCE, BY REGION 2020-2028 ($BILLION)
TABLE 10.REVERSE LOGISTICS MARKET FOR AUTOMOTIVE, BY REGION 2020-2028 ($BILLION)
TABLE 11.REVERSE LOGISTICS MARKET FOR PHARMACEUTICAL, BY REGION 2020-2028 ($BILLION)
TABLE 12.REVERSE LOGISTICS MARKET FOR CONSUMER ELECTRONIC, BY REGION 2020-2028 ($BILLION)
TABLE 13.REVERSE LOGISTICS MARKET FOR RETAIL, BY REGION 2020-2028 ($BILLION)
TABLE 14.REVERSE LOGISTICS MARKET FOR LUXURY GOODS, BY REGION 2020-2028 ($BILLION)
TABLE 15.REVERSE LOGISTICS MARKET FOR REUSABLE PACKAGING, BY REGION 2020-2028 ($BILLION)
TABLE 16.GLOBAL REVERSE LOGISTICS MARKET, BY SERVICE, 2020-2028 ($BILLION)
TABLE 17.REVERSE LOGISTICS MARKET FOR TRANSPORTATION, BY REGION 2020-2028 ($BILLION)
TABLE 18.REVERSE LOGISTICS MARKET FOR WAREHOUSING, BY REGION 2020-2028 ($BILLION)
TABLE 19.REVERSE LOGISTICS MARKET FOR RESELLING, BY REGION 2020-2028 ($BILLION)
TABLE 20.REVERSE LOGISTICS MARKET FOR REPLACEMENT MANAGEMENT, BY REGION 2020-2028 ($BILLION)
TABLE 21.REVERSE LOGISTICS MARKET FOR REFUND MANAGEMENT AUTHORIZATION, BY REGION 2020-2028 ($BILLION)
TABLE 22.REVERSE LOGISTICS MARKET FOR OTHERS, BY REGION 2020-2028 ($BILLION)
TABLE 23.REVERSE LOGISTICS MARKET, BY REGION 2020–2028 ($ BILLION)
TABLE 24.NORTH AMERICA REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 25.NORTH AMERICA REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 26.NORTH AMERICA REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 27.U.S. REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 28.U.S. REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 29.U.S. REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 30.CANADA REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 31.CANADA REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 32.CANADA REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 33.MEXICO REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 34.MEXICO REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 35.MEXICO REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 36.EUROPE REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 37.EUROPE REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 38.EUROPE REVERSE LOGISTICS MARKET, BY SERVICES, 2020–2028 ($ BILLION)
TABLE 39.UK REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 40.UK REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 41.UK REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 42.FRANCE REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 43.FRANCE REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 44.FRANCE REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 45.GERMANY REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 46.GERMANY REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 47.GERMANY REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 48.ITALY REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 49.ITALY REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 50.ITALY REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 51.REST OF EUROPE REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 52.REST OF EUROPE REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 53.REST OF EUROPE REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 54.ASIA-PACIFIC REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 55.ASIA-PACIFIC REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 56.ASIA-PACIFIC REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 57.CHINA REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 58.CHINA REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 59.CHINA REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 60.JAPAN REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 61.JAPAN REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 62.JAPAN REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 63.INDIA REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 64.INDIA REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 65.INDIA REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 66.SOUTH KOREA REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 67.SOUTH KOREA REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 68.SOUTH KOREA REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 69.REST OF ASIA-PACIFIC REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 70.REST OF ASIA-PACIFIC REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 71.REST OF ASIA-PACIFIC REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 72.LAMEA REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 73.LAMEA REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 74.LAMEA REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 75.LATIN AMERICA REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 76.LATIN AMERICA REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 77.LATIN AMERICA REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 78.MIDDLE EAST REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 79.MIDDLE EAST REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 80.MIDDLE EAST REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 81.AFRICA REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2020–2028 ($ BILLION)
TABLE 82.AFRICA REVERSE LOGISTICS MARKET, BY END USER, 2020–2028 ($ BILLION)
TABLE 83.AFRICA REVERSE LOGISTICS MARKET, BY SERVICE, 2020–2028 ($ BILLION)
TABLE 84.C.H. ROBINSON WORLDWIDE, INC.: KEY EXECUTIVES
TABLE 85.C.H. ROBINSON WORLDWIDE, INC.: COMPANY SNAPSHOT
TABLE 86.C.H. ROBINSON WORLDWIDE, INC.: OPERATING SEGMENTS
TABLE 87.C.H. ROBINSON WORLDWIDE, INC.: SERVICE PORTFOLIO
TABLE 88.C.H. ROBINSON WORLDWIDE, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 89.CCR LOGISTICS SYSTEMS AG: KEY EXECUTIVES
TABLE 90.CCR LOGISTICS SYSTEMS AG: COMPANY SNAPSHOT
TABLE 91.CCR LOGISTICS SYSTEMS AG: SERVICE PORTFOLIO
TABLE 92.CORE LOGISTIC PRIVATE LIMITED: KEY EXECUTIVES
TABLE 93.CORE LOGISTIC PRIVATE LIMITED: COMPANY SNAPSHOT
TABLE 94.CORE LOGISTIC PRIVATE LIMITED: SERVICE PORTFOLIO
TABLE 95.DB SCHENKER: KEY EXECUTIVES
TABLE 96.DB SCHENKER: COMPANY SNAPSHOT
TABLE 97.DB SCHENKER: SERVICE PORTFOLIO
TABLE 98.DEUTSCHE BAHN GROUP (DB GROUP): OPERATING SEGMENTS
TABLE 99.DEUTSCHE BAHN GROUP (DB GROUP): R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 100.DEUTSCHE BAHN GROUP (DB GROUP): NET SALES, 2018–2020 ($MILLION)
TABLE 101.DEUTSCHE POST DHL GROUP: KEY EXECUTIVES
TABLE 102.DEUTSCHE POST DHL GROUP: COMPANY SNAPSHOT
TABLE 103.DEUTSCHE POST DHL GROUP: OPERATING SEGMENTS
TABLE 104.DEUTSCHE POST DHL GROUP: SERVICE PORTFOLIO
TABLE 105.DEUTSCHE POST DHL GROUP: NET SALES, 2018–2020 ($MILLION)
TABLE 106.FEDEX CORPORATION: KEY EXECUTIVES
TABLE 107.FEDEX CORPORATION: COMPANY SNAPSHOT
TABLE 108.FEDEX CORPORATION: OPERATING SEGMENTS
TABLE 109.FEDEX CORPORATION: SERVICE PORTFOLIO
TABLE 110.FEDEX CORPORATION: NET SALES, 2018–2020 ($MILLION)
TABLE 111.KINTETSU WORLD EXPRESS, INC.: KEY EXECUTIVES
TABLE 112.KINTETSU WORLD EXPRESS, INC.: COMPANY SNAPSHOT
TABLE 113.KINTETSU WORLD EXPRESS, INC.: OPERATING SEGMENTS
TABLE 114.KINTETSU WORLD EXPRESS, INC.: SERVICE PORTFOLIO
TABLE 115.KINTETSU WORLD EXPRESS, INC.: NET SALES, 2019–2021 ($MILLION)
TABLE 116.SAFEXPRESS PVT. LTD.: KEY EXECUTIVES
TABLE 117.SAFEXPRESS PVT. LTD.: COMPANY SNAPSHOT
TABLE 118.SAFEXPRESS PVT. LTD.: SERVICE PORTFOLIO
TABLE 119.UNITED PARCEL SERVICE, INC.: KEY EXECUTIVES
TABLE 120.UNITED PARCEL SERVICE, INC.: COMPANY SNAPSHOT
TABLE 121.UNITED PARCEL SERVICE, INC.: OPERATING SEGMENTS
TABLE 122.UNITED PARCEL SERVICE, INC.: SERVICE PORTFOLIO
TABLE 123.UNITED PARCEL SERVICE, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 124.YUSEN LOGISTICS CO., LTD: KEY EXECUTIVES
TABLE 125.YUSEN LOGISTICS CO., LTD: COMPANY SNAPSHOT
TABLE 126.NIPPON YUSEN KABUSHIKI KAISHA: OPERATING SEGMENTS
TABLE 127.YUSEN LOGISTICS CO., LTD: SERVICE PORTFOLIO
TABLE 128.NIPPON YUSEN KABUSHIKI KAISHA: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2018-2021*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2018-2021*
FIGURE 09.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-TO-MODERATE THREAT OF NEW ENTRANTS
FIGURE 11.LOW-TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW-TO- MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2020)
FIGURE 15.GLOBAL REVERSE LOGISTICS MARKET SHARE, BY RETURN TYPE, 2020–2028 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR RECALLS, BY COUNTRY, 2020 & 2028 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR COMMERCIAL & B2B RETURNS, BY COUNTRY, 2020 & 2028 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR REPAIRABLE RETURNS, BY COUNTRY,  2020 & 2028 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR END OF USE RETURNS, BY COUNTRY,  2020 & 2028 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR END OF LIFE RETURNS, BY COUNTRY,  2020 & 2028 (%)
FIGURE 21.GLOBAL REVERSE LOGISTICS MARKET SHARE, BY END USER, 2020–2028 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR E-COMMERCE, BY COUNTRY,  2020 & 2028 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR AUTOMOTIVE, BY COUNTRY,  2020 & 2028 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR PHARMACEUTICAL, BY COUNTRY,  2020 & 2028 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR CONSUMER ELECTRONIC, BY COUNTRY,  2020 & 2028 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR RETAIL, BY COUNTRY, 2020 & 2028 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR LUXURY GOODS, BY COUNTRY,  2020 & 2028 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR REUSABLE PACKAGING, BY COUNTRY, 2020 & 2028 (%)
FIGURE 29.GLOBAL REVERSE LOGISTICS MARKET SHARE, BY SERVICE, 2020–2028 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR TRANSPORTATION, BY COUNTRY,  2020 & 2028 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR WAREHOUSING, BY COUNTRY,  2020 & 2028 (%)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR RESELLING, BY COUNTRY,  2020 & 2028 (%)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR REPLACEMENT MANAGEMENT, BY COUNTRY,  2020 & 2028 (%)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR REFUND MANAGEMENT AUTHORIZATION, BY COUNTRY, 2020 & 2028 (%)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET FOR OTHERS, BY COUNTRY,  2020 & 2028 (%)
FIGURE 36.REVERSE LOGISTICS MARKET, BY REGION, 2020-2028 (%)
FIGURE 37.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET, BY COUNTRY, 2020–2028 (%)
FIGURE 38.U.S. REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 39.CANADA REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 40.MEXICO REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 41.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET, BY COUNTRY, 2020–2028 (%)
FIGURE 42.UK REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 43.FRANCE REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 44.GERMANY REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 45.ITALY REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 46.REST OF EUROPE REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 47.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET, BY COUNTRY, 2020–2028 (%)
FIGURE 48.CHINA REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 49.JAPAN REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 50.INDIA REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 51.SOUTH KOREA REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 52.REST OF ASIA-PACIFIC REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 53.COMPARATIVE SHARE ANALYSIS OF REVERSE LOGISTICS MARKET, BY COUNTRY, 2020–2028 (%)
FIGURE 54.LATIN AMERICA REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 55.MIDDLE EAST REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 56.AFRICA REVERSE LOGISTICS MARKET, 2020–2028 ($BILLION)
FIGURE 57.C.H. ROBINSON WORLDWIDE, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 58.C.H. ROBINSON WORLDWIDE, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59.C.H. ROBINSON WORLDWIDE, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 60.DEUTSCHE BAHN GROUP (DB GROUP): R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 61.DEUTSCHE BAHN GROUP (DB GROUP): NET SALES, 2018–2020 ($MILLION)
FIGURE 62.DEUTSCHE BAHN GROUP (DB GROUP): REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 63.DEUTSCHE BAHN GROUP (DB GROUP): REVENUE SHARE BY REGION, 2020 (%)
FIGURE 64.DEUTSCHE POST DHL GROUP: NET SALES, 2018–2020 ($MILLION)
FIGURE 65.DEUTSCHE POST DHL GROUP: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 66.DEUTSCHE POST DHL GROUP: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 67.FEDEX CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 68.FEDEX CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 69.FEDEX CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 70.KINTETSU WORLD EXPRESS, INC.: NET SALES, 2019–2021 ($MILLION)
FIGURE 71.KINTETSU WORLD EXPRESS, INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 72.KINTETSU WORLD EXPRESS, INC.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 73.UNITED PARCEL SERVICE, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 74.UNITED PARCEL SERVICE, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 75.UNITED PARCEL SERVICE, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 76.NIPPON YUSEN KABUSHIKI KAISHA: NET SALES, 2018–2020 ($MILLION)
FIGURE 77.NIPPON YUSEN KABUSHIKI KAISHA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 78.NIPPON YUSEN KABUSHIKI KAISHA: REVENUE SHARE BY REGION, 2020 (%)

 
 

The global reverse logistics market is expected to witness significant growth due to the rise in e-commerce platforms around the world.

The expansion of e-commerce industry, increased product recall due to stringent government rules for product quality in the automotive industry, and rise of tech-driven reverse logistics services and growing adoption of IoT-enabled connected devices, are expected to drive the global reverse logistics market growth over the forecast period. However, lack of control of manufacturers on reverse logistics service and uncertainty in the reverse logistics process is anticipated to hamper the growth of the market during the forecast period. Moreover, introduction of Blockchain technology and reduction in losses owing to adoption of a multi-modal system is expected to offer lucrative opportunities for the market in the future.

Reverse logistics solutions are effective solutions that allow customers to return products to manufacturers for a variety of reasons, including the wrong product being ordered, damaged products being delivered, product quality not matching the description, the customer no longer needing the products, and so forth. The reverse logistics service also aids vendors in managing the massive volume and cost of returns processing.

Manufacturers benefit from reverse logistics since it enables them in maximizing asset utilization while lowering losses. Manufacturers can also benefit from reverse logistics services in terms of environmental sustainability. In addition, reverse logistics helps the organization in reducing expenses in areas like administration, transportation, and aftermarket support. By paying more attention to faulty items and merchandise repairs, reverse logistics services boost customer happiness and loyalty.

Among the analyzed regions, Asia Pacific is the highest revenue contributor, followed by North America, Europe, and LAMEA. Based on forecast analysis, Asia Pacific is expected to maintain its lead during the forecast period, owing to the boom of e-commerce and the increase in e-waste in the region.

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FREQUENTLY ASKED QUESTIONS?
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A. The global reverse logistics market was valued at $ 540.29 Billion in 2020, and is projected to reach $ 788.78 Billion by 2028, registering a CAGR of 5.1% from 2021 to 2028

A. The lifting of lockdown measures and the consequent resuming of transportation activities across the globe is anticipated to support the revival of global reverse logistics market.

A. The report sample for global reverse logistics market report can be obtained on demand from the website.

A. Introduction of Blockchain technology in reverse logistics service

A. Expansion, Partnership, and Product launch are the top most competitive developments which are adopted by the leading market players in the global reverse logistics market.

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Based on the reverse logistics market analysis, Asia-Pacific region accounted for the highest revenue contribution in 2020 and is expected to see lucrative business opportunities during the forecast period.

A. By return type, the End of Life Returns segment is expected to gain traction over the forecast period

A. The U.S. and China are key matured markets growing in the global reverse logistics market.

A. The lack of control of manufacturers on reverse logistics service; and reduction in losses owing to adoption of a multi-modal system.

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