1 / 7

Reverse Logistics Market: Regional Trend & Growth Forecast To 2032

The increasing focus on sustainability and the thriving environmental responsibility will drive the market growth. Lately, several organizations are implementing efficient reverse logistics processes to manage product returns, recycling, and disposal in environmentally friendly ways. The adoption of new business models to reduce waste is offering multiple opportunities to companies to lower their environmental impacts and avoid the loss of scarce raw materials. Moreover, major industry participants are introducing new services to address the evolving consumer needs, further supporting the ind

sudeepkedar77
Download Presentation

Reverse Logistics Market: Regional Trend & Growth Forecast To 2032

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Reverse Logistics Market Trends, Analysis & Forecast, 2032

  2. Industry Insights The increasing focus on sustainability and the thriving environmental responsibility will drive the market growth. Lately, several organizations are implementing efficient reverse logistics processes to manage product returns, recycling, and disposal in environmentally friendly ways. The adoption of new business models to reduce waste is offering multiple opportunities to companies to lower their environmental impacts and avoid the loss of scarce raw materials. Moreover, major industry participants are introducing new services to address the evolving consumer needs, further supporting the industry development.

  3. Reverse logistics market from the defective returns segment is expected to generate substantial revenue between 2023 and 2032. The growth can be attributed to the rising burden of product returns faced by major issues e-commerce firms. It has been estimated that approximately 20.8% of all the online purchases of goods were returned in 2021 leading to an estimated $761 billion in loss for the U.S. merchants alone. • As a result, businesses are largely focusing on managing faulty returns effectively to assure customer satisfaction and brand reputation. The ongoing incorporation of AI and modern technology for assisting producers in gaining insights about their goods to unload the reverse supply chain will also contribute to the segment growth.

  4. Regional Analysis North America revere logistics market size is estimated to expand at 7.5% CAGR from 2023-2032 driven by the growth of e-commerce sector. For instance, according to the National Retail Federation (NRF), 196.7 million Americans performed online shopping from Thanksgiving through Cyber Monday in 2022. With consumers becoming more accustomed to online shopping, the volume of returned goods is significantly rising in the region, further necessitating efficient reverse logistics processes to manage returns. • Competitive Analysis • Blue Dart Express Ltd., C H Robinson Worldwide Inc., CMA CGM SA, Core Logistic Pvt. Ltd., Deutsche Post DHL Group, FedEx Corporation, Happy Returns LLC, Kintetsu World Express, Inc., NFI Industries, Inc., Pitney Bowes Inc., Reverse Logistics Group, RLG Systems AG

  5. Reverse Logistics Market@ https://www.gminsights.com/industry-analysis/reverse-logistics-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/6511 Request for customization: https://www.gminsights.com/roc/6511

  6. Stay In Touch Social Media:

  7. THANK YOU www.gminsights.com

More Related