Reverse Logistics Market Growth
Potential & Forecast, 2032

As per a recent research report, Reverse Logistics Market surpass USD 1.6Tn by 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 industry development.

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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.

Reverse logistics market from the electronics
segment is expected to expand significantly through 2032. The rapid pace of
technological advancements in the electronics industry combined with short
product lifecycles has led to the increased volume of product returns and
end-of-life electronics. The surge in regulatory initiatives promoting
responsible e-waste management has prompted the greater adoption of reverse
logistics services. For instance, in May 2023, DHL Supply Chain
strengthened its logistics service offerings by including a new
solutions suite for recovery management, especially essential for
tech firms. The new circular supply chain solution offers businesses with
proper reuse, reprocessing, and recycling of obsolete electronic parts, such as
processors, touchscreens, computer modules, and technological assets.

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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. It has been estimated that consumers returned
products worth over $1 trillion in 2022, up from $760 million in 2021.
Additionally, the proliferation of advanced technologies is enhancing the
efficiency of reverse logistics with advanced tracking and tracing systems, IoT
devices, and data analytics to monitor returned items and streamline inspection
processes, adding to the regional market growth.

Partial chapters of report table of contents
(TOC):

Chapter 2   Executive Summary

2.1    Reverse logistics market 360º 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

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