Reverse Logistics Global Market Report 2024

The reverse logistics market size has grown strongly in recent years. It will grow from $682.1 billion in 2023 to $729.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The historic growth in the remanufacturing market can be attributed to several factors, including environmental regulations promoting sustainable practices, the extension of product life cycles, the globalization of supply chains creating opportunities for remanufacturing, the increasing market competition driving companies to explore cost-effective solutions, and the growing awareness of the benefits of remanufactured products among consumers.

The reverse logistics market size is expected to see strong growth in the next few years. It will grow to $909.87 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The forecasted growth can be attributed to several factors, including increasing product complexity, a focus on sustainability, evolving consumer expectations, the rise of rental and subscription models, and an emphasis on data analytics. Major trends in the forecast period include the integration of technology, predictive analytics for returns management, the use of sustainable packaging and materials, adoption of circular economy practices, and the implementation of robotic process automation (RPA).

The rapid growth of e-commerce is expected to drive the expansion of the reverse logistics market. E-commerce, the buying and selling of goods and services online, utilizes reverse logistics to manage returned products from customers back to the original point of origin, such as the warehouse or store. This process helps maintain customer trust, minimize losses, and promote sustainable business practices. For example, in November 2023, the United States Census Bureau reported a 7.6% increase in e-commerce in the third quarter of 2023 compared to the fourth quarter of 2022, with online stores accounting for 15.4% of all sales in the second quarter of 2023. This growth in e-commerce is a key driver behind the expansion of the reverse logistics market.

Major companies in the reverse logistics market are introducing innovative platforms such as UPS Pickup Point locations to tackle the intricate and time-critical aspects of healthcare logistics. These pickup points, designated locations for gathering individuals or items, were exemplified when UPS Healthcare, a US-based reverse logistics firm, rolled out a service in Europe in October 2023. Termed UPS Pickup Point locations, this service offers a novel reverse logistics solution tailored for health laboratory clients. The primary objective of these pickup points is to optimize the collection and transportation of samples to a central laboratory, thus enhancing efficiency for healthcare firms by reducing collection sites and enhancing reliability and oversight. This endeavor is prompted by the challenges inherent in managing reverse logistics for healthcare shipments. Moreover, the advantages provided by UPS Pickup Point locations render them a convenient and effective choice for fulfilling shipping and receiving requirements.

In November 2023, BlueYonder, a supply chain solutions provider based in the United States, completed the acquisition of Doddle Parcel Services Ltd., the Swiss-based provider of reverse logistics for carriers, for an undisclosed sum. This acquisition is anticipated to bolster Blue Yonder's capabilities in both the first and final mile segments through the integration of Doddle's innovative products. Consequently, Blue Yonder is poised to offer comprehensive end-to-end solutions in supply chain management and logistics, encompassing services such as reverse logistics and returns management, catering to the needs of retailers and third-party logistics providers (3PL).

Major companies operating in the reverse logistics market report are Deutsche Post DHL Group, United Parcel Service Inc., FedEx Corporation, Schenker AG, Kuehne + Nagel International AG, DSV Panalpina A/S, C.H. Robinson Worldwide, Dachser SE, Nippon Express Co. Ltd., Expeditors International of Washington Inc., J.B. Hunt Transport Services Inc., Ryder System Inc., Kerry Logistics Network Limited, XPO Logistics Inc, Landstar System Inc., Kintetsu World Express Inc., ArcBest Corporation, Zebra Technologies Corp, Hellmann Worldwide Logistics, Echo Global Logistics Inc., Yusen Logistics Co. Ltd., Agility Logistics, Safexpress Pvt. Ltd, CEVA Logistics AG, RLG Systems AG.

Asia-Pacific was the largest region in the reverse logistics market in 2023. The regions covered in the reverse logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the reverse logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Reverse logistics is the process of moving goods from their destination back to the manufacturer or another point in the supply chain for various purposes. It helps organizations recover value from returned products, minimize environmental impact, and improve overall operational efficiency.

The main types of returns in reverse logistics are recalls, commercial returns, repairable returns, end-of-use returns, and end-of-life returns. A recall is a request for the return of a product, typically due to a defect or contamination issue. Reverse logistics services include transportation, warehousing, reselling, replacement management, and refund management authorization. Industries utilizing reverse logistics include e-commerce, automotive, pharmaceutical, consumer electronics, retail, luxury goods, and reusable packaging.

The reverse logistics market research report is one of a series of new reports that provides reverse logistics market statistics, including reverse logistics industry global market size, regional shares, competitors with a reverse logistics market share, detailed reverse logistics market segments, market trends and opportunities, and any further data you may need to thrive in the reverse logistics industry. This reverse logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The reverse logistics market consists of revenues earned by entities by providing services such as product returns, remanufacturing and refurbishing, recycling, and waste management. The market value includes the value of related goods sold by the service provider or included within the service offering. The reverse logistics market also includes sales of pallets, dunnage, and shipping containers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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