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Reverse Logistics Revolution: Pioneering the Way Forward | C.H. Robinson Worldwide, Core Logistic, CCR Logistics Systems, Deutsche Post DHL Group, DB Schenker, FedEx

07-26-2023 09:21 AM CET | Logistics & Transport

Press release from: Allied Market Research

Reverse Logistics Revolution: Pioneering the Way Forward | C.H.

Allied Market Research recently published a report, titled, "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". As per the report, the global reverse logistics industry size was accounted for $635.6 billion in 2020, and is anticipated to garner $958.3 billion by 2028, growing at a CAGR of 5.6% from 2021 to 2028.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ https://www.alliedmarketresearch.com/request-sample/5191

Drivers, restraints, and opportunities

Increase in product recall due to strict government rules for product quality in the automotive industry, expansion of e-commerce industry, and surge in tech-driven reverse logistic services coupled with adoption of IoT-enabled connected devices have boosted the growth of the global reverse logistics market. However, lack of control of manufacturers on reverse logistics services and uncertainty in the reverse logistics process hinder the market growth. On the contrary, advent of blockchain technology and reduction in losses due to adoption of multi-modal systems would open new opportunities in the future.

Covid-19 scenario:

The Covid-19 outbreak forced governments across the globe to implement strict lockdown and made social distancing mandatory. This resulted in sudden decline in global trade and reduced the demand for logistics.
The lockdown forced reverse logistics service providers in delays in return and replacement activities.
However, increase in pharmaceutical and e-commerce sales due to the pandemic surged the demand for the reverse logistic market.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ- https://www.alliedmarketresearch.com/reverse-logistics-market/purchase-options

The repairable returns segment dominated the market

By return type, the commercial and B2B returns segment held the largest share in 2020, accounting for around one-third of the global reverse logistics market. However, the end of use returns is estimated to register the highest CAGR of 7.1% during the forecast period, due to rise in need for disposition and handling of end of use products.

The e-commerce segment to portray the highest CAGR through 2030

By end user, the e-commerce segment is projected to manifest the highest CAGR of 6.5% during the forecast period. In addition, the segment dominated the market in terms of revenue in 2020, contributing to nearly one-fourth of the global reverse logistics market, due to the boom of e-commerce across the globe. The report also analyzes the segments including automotive, pharmaceutical, consumer electronic, retail, luxury goods, and reusable packaging.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐ญ๐ก๐ž ๐ƒ๐š๐ญ๐š ๐ฐ๐ข๐ญ๐ก ๐€๐œ๐ญ๐ข๐จ๐ง๐š๐›๐ฅ๐ž ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ฒ & ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ก๐ž๐ซ๐ž ๐š๐ญ https://www.alliedmarketresearch.com/purchase-enquiry/5191

Asia-Pacific, followed by Europe and North America, to hold the largest share

By region, the market across Asia-Pacific, followed by Europe and North America, held the largest share in 2020, accounting for more than two-fifths of the market. However, the global reverse logistics market across Asia-Pacific would register the highest CAGR of 6.2% from 2021 to 2028, owing to the expansion of e-commerce in countries such as India and China.

Major market players

C.H. Robinson Worldwide, Inc.
Core Logistic Private Limited
CCR Logistics Systems AG
Deutsche Post DHL Group
DB Schenker
Kintetsu World Express, Inc.
FedEx Corporation
United Parcel Service, Inc.
Safexpress Pvt. Ltd.
Yusen Logistics Co., Ltd

๐’๐ข๐ฆ๐ข๐ฅ๐š๐ซ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐–๐ž ๐‡๐š๐ฏ๐ž ๐จ๐ง ๐‹๐จ๐ ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:

Third-party Logistics (3PL) Market- https://www.alliedmarketresearch.com/3PL-market

Fourth Party (4PL) Logistics Market- https://www.alliedmarketresearch.com/fourth-party-logistics-market

Fifth-Party Logistics (5PL) Solution Market- https://www.alliedmarketresearch.com/fifth-party-logistics-solution-market-A14785

Logistics Market- https://www.alliedmarketresearch.com/logistics-market

Sea Freight Forwarding Market- https://www.alliedmarketresearch.com/sea-freight-forwarding-market-A14505

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Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: http://www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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