Reverse Logistics Market Forecast to 2028 with Key Companies Profile

Reverse Logistics Industry Overview

The global reverse logistics market size was valued at USD 840.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.4% from 2022 to 2028.

The increasing adoption of reverse logistics by numerous companies in order to easily and effectively manage the return of products to the companies or manufacturers from customers is expected to drive the global market over the forecast period.

The rising awareness regarding the benefits of reverse logistics, along with the growing awareness regarding the environment, is anticipated to fuel the market growth in the coming years. The COVID-19 outbreak had a negative impact on the market. A significant decline has been observed due to the complete disruption of supply chains across the globe during the COVID-19 pandemic to maintain the regulatory norms imposed by the government.

Gather more insights about the market drivers, restrains and growth of the Global Reverse Logistics Market

U.S. reverse logistics market size, by end-user industry, 2019 - 2028 (USD Billion)

The process in which the goods or products flow in a backward direction from their final destination i.e. the point of end-user or end-consumer to the point of its origin or manufacture is known as reverse logistics. It is associated with all the operations that could take place with the reuse of materials or products that have been returned. Reverse logistics consist of various activities such as product redesigning, remanufacturing, refurbishment (reselling a product post repairing or verification being in good condition), and their proper disposal.

Reverse logistics enables any company or vendor to efficiently tackle the higher-level activities including the controlling and implementation of storage and flow of these goods, their process of planning, along with the processing of any information related to them is increasing its usage among them, hence fueling the market expansion. Moreover, legislation and regulatory initiatives by several governments to adopt reverse logistics practices in order to ensure the effective disposal of product waste and eco-friendly operations are expected to contribute to the overall growth of the market. However, the lack of manufacturer control over reverse logistics services is expected to impede the market's expansion.

The COVID-19 pandemic had a negative impact on the market growth. Lockdown was imposed in all the countries across the globe to stop the further spread of SARS-CoV-2. Owing to this, the supply chain across the globe was stopped and disrupted. However, the supply chain for the e-commerce industry was in the operating mode due to the increased usage of e-commerce in order to obtain the required needs. Due to the changing market conditions and social distancing measures, rising retail, e-commerce, and pharmaceutical sales, and global automotive industry leaders' refurbishment initiatives to recycle and reuse critical vehicle components such as a battery, the market is expected to see a significant recovery in the coming years.

Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

  • Retail Logistics Market - The global retail logistics market size was valued at USD 227.61 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.3% from 2022 to 2030.
  • Vehicle Tracking System Market - The global vehicle tracking system market size is valued at USD 19.38 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.9%% from 2022 to 2030.

Market Share Insights

  • March 2022: The announcement for a contract between DHL Supply Chain, a subsidiary of Deutsche Post DHL Group with ReverseLogix was made.

Key Companies profiled:

Some prominent players in the global reverse logistics market include

  • DB SCHENKER (Deutsche Bahn AG)
  • Deutsche Post AG
  • FedEx Corporation
  • Kintetsu World Express, Inc.
  • United Parcel Service, Inc.
  • Yusen Logistics Co., Ltd.
  • RLG Systems AG
  • Core Logistic Private Limited
  • Safexpress Pvt. Ltd.

Order a free sample PDF of the Reverse Logistics Market Intelligence Study, published by Grand View Research.

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