Reverse Logistics Market Size - By Processes, By Service Provider, Return Type, End-User & Global Forecast, 2023

Description

List of Tables

Reverse Logistics Market size is estimated to expand at over 8% CAGR from 2023-2032 fueled by the ongoing innovations in recycling technologies and materials recovery methods across the globe. Advanced sorting techniques, efficient material separation processes, and breakthroughs in waste-to-energy conversion are revolutionizing the handling and repurposing of discarded products. The integration of sustainable practices is also making way for the exploration of new recycling avenues.

Additionally, with the growing consumer demand for sustainable solutions, reverse logistics service providers are concentrating their efforts on hastening the creation of circular economy through strategic initiatives, such as alliances and acquisitions. To cite an instance, in September 2023, the National Retail Federation acquired the Reverse Logistics Association, a trade organization specializing in product returns, refurbishing, resale, and recycling of electronics and other items.

The reverse logistics market is segmented into processes, return type, service provider, end user, and region.

With respect to processes, the industry size from the recycling segment is expected to foresee considerable growth through 2032. The increased global environmental awareness and stringent regulations are heightening the focus on sustainable waste management practices. Furthermore, the growing demand for recycled materials in various industries, including manufacturing and construction is driving the need for sophisticated reverse logistics solutions, contributing to the segment expansion.

Reverse logistics market from the automotive end-user segment generated substantial revenue in 2022 and is estimated to record robust growth through 2032. This is attributed to the escalating need for efficient handling of product returns, remanufacturing, and recycling in the automotive industry. With the increasing focus on sustainability and cost reduction, automotive manufacturers are increasingly emphasizing the management of returned automotive parts for ensuring their proper disposition and refurbishment for reuse.

Regionally, Europe is poised to hold sizable share of the global reverse logistics industry by the end of 2032. The push for rapid clinical trials and novel medication development along with the rapid expansion of decentralized and virtual trials is increasing the demand for efficient laboratory logistics in the region. Several market participants are working to reduce complexities for healthcare firms by lowering the number of collection sites, enhancing dependability and control, and accelerating sample transportation to central labs. For instance, in October 2023, UPS Healthcare announced plans to open its Pickup Point facilities for laboratory clients in important European healthcare markets such as the U.K., Germany, Italy, France, and Spain. The integration of innovative technologies and the presence of well-established transportation networks will further contribute to the market expansion in the region.

Product Code: 6511

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Reverse logistics market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Processes trends
2.5 Return type trends
2.6 Service provider trends
2.7 End-user trends

Chapter 3 Reverse Logistics Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Processes launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rapid growth of e-commerce
  - 3.10.1.2 Increasing environmental awareness
  - 3.10.1.3 Advancements in technology, such as IoT devices, data analytics, and real-time tracking
  - 3.10.1.4 Rising importance of adoption of circular economy principles
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Complexity of operations
  - 3.10.2.2 Regulatory compliance and safety
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 C.H. Robinson Worldwide, Inc.
- 4.3.2 Deutsche Post DHL Group
- 4.3.3 FedEx Corporation
- 4.3.4 Kintetsu World Express, Inc.
- 4.3.5 United Parcel Service, Inc. (UPS)
- 4.3.6 Yusen Logistics Co., Ltd.
- 4.3.7 NFI Industries, Inc.
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Reverse Logistics Market Estimates & Forecast, By Processes (Revenue)

5.1 Key trends, by processes
5.2 Returns management
5.3 Remanufacturing
5.4 Recycling
5.5 Disposal
5.6 Others

Chapter 6 Reverse Logistics Market Estimates & Forecast, By Return Type (Revenue)

6.1 Key trends, by return type
6.2 Defective returns
6.3 Recalled returns
6.4 B2B returns and commercial returns
6.5 Repairable returns
6.6 End of life returns
6.7 Others

Chapter 7 Reverse Logistics Market Estimates & Forecast, By Service Provider (Revenue)

7.1 Key trends, by service provider
7.2 In-house reverse logistics
7.3 Third-Party Logistics (3PL) providers
7.4 Recycling companies
7.5 Waste management companies

Chapter 8 Reverse Logistics Market Estimates & Forecast, By End-User (Revenue)

8.1 Key trends, by end-user
8.2 Retail & e-commerce
8.3 Electronics
8.4 Automotive
8.5 Pharmaceuticals
8.6 Manufacturing
8.7 Others

Chapter 9 Reverse Logistics Market Estimates & Forecast, By Region (Revenue)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 South Korea
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 GCC
- 9.6.2 South Africa

Chapter 10 Company Profiles

10.1 Blue Dart Express Ltd.
10.2 C H Robinson Worldwide Inc.
10.3 CMA CGM SA
10.4 Core Logistic Pvt. Ltd.
10.5 Deutsche Post DHL Group
10.6 FedEx Corporation
10.7 Happy Returns LLC
10.8 Kintetsu World Express, Inc.
10.9 NFI Industries, Inc.
10.10 Pitney Bowes Inc.
10.11 Reverse Logistics Group
10.12 RLG Systems AG
10.13 Safexpress Pvt. Ltd.
10.14 United Parcel Service, Inc. (UPS)
10.15 Yusen Logistics Co., Ltd.